Middleburg Communities has acquired a 30-acre development site in Charlotte, N.C., and will start construction on a 272-unit, class A apartment community, Mosby Steele Creek. The community will include 10, two-story buildings and a standalone amenity/leasing center. Construction is expected to be completed in second quarter 2023.
“Charlotte is one of Middleburg’s most preferred markets due to its population and job growth. We are particularly excited about Mosby Steele Creek because of the demonstrated viability and success of class A multifamily in the submarket. There is a high level of demand from investors, lenders and consumers alike,” said TJ Sedeski, assistant vice president of investments.
Mosby Steele Creek apartments, located at 13925 Erwin Road, will feature high-end interior finishes including stainless steel Energy Star appliances, designer hardwood cabinets, nine-foot ceiling heights, granite countertops and LVT plank flooring. The one-, two- and
