Trammell Crow Residential sells luxury apartment community in Charlotte, N.C.

Trammell Crow Residential has sold Alexan Optimist Park, a 238-unit luxury apartment community in Charlotte, N.C.

JLL Capital Markets worked on behalf of the seller, Trammell Crow Residential, to complete the sale.

Built in 2019, Alexan Optimist Park is a mid-rise apartment community located at 1009 N. Caldwell St. The community is positioned in a premier live-work-play environment in the heart of the Mill District, a former textile manufacturing area that underwent a revitalization to expand its urban footprint. The community is located a few minutes from Uptown, Charlotte’s downtown area.

According to JLL, due to Charlotte’s recent office development boom, investors have become increasingly interested in Uptown’s nearby up-and-coming neighborhoods, including the Mill District. The Mill District is known for its entertainment scene, featuring diverse food and retail options.

“With Alexan Optimist Park, Trammell Crow Residential’s delivery of cu