Documents
Attributes
Year Built | 2019 |
Building Area |
|
Occupancy | 82.0 % |
Property Description
Alta Warp + Weft is located within Charlotte’s Mill District, a former textile manufacturing area which has blossomed into a unique urban
mixed-use destination minutes from the Uptown Charlotte CBD (120k jobs). The Mill District boasts the newly opened Optimist Hall (147K
square foot repurposed mill with food hall, creative office space, and restaurants) and several other adaptive reuse projects, including FCP’s 45k SF delivery of Chadbourn in late 2020. The area’s renaissance was kicked off by a series of catalytic infrastructure improvements, some of which are still under construction, including:
• The Blue Line Light Rail completed in 2018, connecting residents with major employment centers - Uptown (116K jobs), South End (20K job), and University (75K jobs)
• 25th Street Living Bridge under construction, linking vehicles, pedestrians, and bikers to North Davidson’s expanding retail
corridor
• Little Sugar Creek Greenway partially completed, will eventually run 36 miles north-south
Spanning onsite quality to dynamic location, Alta Warp + Weft offers investors an exciting opportunity to acquire a uniquely designed
asset with tangible growth underway at the property, submarket and MSA-level.
Investment Highlights
- UNIQUELY DESIGNED AND HIGHLY REGARDED, delivering the #1 ranked asset in NC and #6 nationally per *ORA™ across its inviting amenities and oversized units marrying Arts District heritage with modern luxury
- • POISED FOR RENT GROWTH, with 80% of leases signed amid construction interference and COVID
- • ADJACENT TO LIGHT RAIL AND INFRASTRUCTRE INVESTMENT, boasting connectivity with the 25th Street LYNX Light Rail Station and
- upcoming direct access to Cross Charlotte Trail and NoDa via the 25th Street Bridge
- • PROXIMATE TO UPTOWN’S 120K JOBS AND 23M SF OFFICE, via car (5 min)or 25th Street light rail station (11 min)
- • STRATEGIC LOCATION BETWEEN CULTURAL ANCHORS OF 147K SF mixeduse Optimist Hall and NoDa’s 50+ shops, breweries, restaurants
- • WELL-POSITIONED WITHIN A HIGH-GROWTH, “18-Hour” MSA, ranked #4 in ULI’s Overall Real Estate Markets and further bolstered by Centene, Honeywell, Truist, AvidXchange, Lowe’s HQ job announcements
Interested in this property?
Please fill out the form below.
Similar Properties
View more
Multi-Housing
Bon Air Apartments & Richmond Summit
US - Augusta, GA
Multi-Housing
Heights of Knoxville
US - Knoxville, TN
Multi-Housing
$37.1 Million Performing Sub-Debt Portfolio
US - Various, GA
Multi-Housing
Aspen Heights Murfreesboro
US - Murfreesboro, TN
Multi-Housing
Siena Park
US - Arlington, VA
Multi-Housing
Alexan Earl
US - Arlington, VA
Multi-Housing
Mallory Square-HFF-122153
US - Rockville, MD
Multi-Housing
Fourth and Walnut
US - Cincinnati, OH
Multi-Housing
The Point at Germantown Station
US - Germantown, MD
Multi-Housing
Dayton Grand Hotel
US - Dayton, OH
Multi-Housing
Proximity at 10th
US - Greenville, NC
Multi-Housing
Ravens Crest Apartments
US - Manassas, VA
Multi-Housing
The Reserve at Mill Creek & The Crossings at Limestone
US - Wilmington, DE
Multi-Housing
The Edge at Greentree
US - Claymont, DE
Multi-Housing
Lincoln Court
US - Philadelphia, PA
Multi-Housing
Rittenhouse Apartment Portfolio
US - Philadelphia, PA
Multi-Housing
The Vesta
US - Philadelphia, PA
Multi-Housing
Mill Street Village
US - Athens, OH
Multi-Housing
Annex of New Albany
US - New Albany, IN
Multi-Housing
Historic Hyde Park Collection
US - Tampa, FL
Multi-Housing
The Whitley Apartments
US - Austin, TX
Multi-Housing
121 East 37th Street
US - New York, NY
Multi-Housing
Cortona South Tampa
US - Tampa, FL
Multi-Housing
Fletcher Southlands
US - Unincorporated, CO
Multi-Housing
Loft 9
US - Denver, CO
Multi-Housing
Harvey Family Portfolio
US - New york, NY
Multi-Housing
Treviso Grand
US - Venice, FL