Exciting New Apartment Project Kicks Off in Charlotte!
Charlotte is buzzing with energy, and there’s even more to look forward to! An Atlanta-based developer, Vista Residential Partners, has just broken ground on a brand-new apartment complex in the Matthews area, promising to bring 320 modern apartments to our great city. Located at 8011 Krefeld Drive, just a stone’s throw away from U.S. Route 74, this upcoming project is sure to attract attention for all the right reasons!
Introducing McAlpine Vista
The new complex, named McAlpine Vista, will stretch across a spacious 14-acre site. After securing rezoning approval last year, the development is finally kicking off, and the excitement is palpable. This project began its journey back in 2022 with an application, and now the vision is becoming a reality! But what can future residents expect? McAlpine Vista will feature a variety of floorplans including one-, two-, and three-bedroom apartments, with each unit averaging about 1,010 square feet.
Relax in Nature
One of the standout features of McAlpine Vista is its direct access to the picturesque McAlpine Creek Greenway. This means that residents will not only enjoy the comfort of their new homes but also the beauty of nature right at their doorstep! It’s perfect for those who love to take a stroll, go for a run, or enjoy a bike ride in the great outdoors. Who wouldn’t want that?
A Commitment to Growth
Vista Residential Partners’ managing director, Alex Barroso, expressed the team’s enthusiasm about starting this project, saying, “We are thrilled to start construction on our second project in North Carolina.” This statement exemplifies the company’s commitment to expanding its portfolio across the Carolinas. With this being their second development in the state, they’re clearly dedicated to making significant contributions to the local housing market.
Investing in Charlotte
For those curious about the financial side of things, Vista Residential Partners recently acquired the land for just over $2.8 million according to Mecklenburg County real estate records. The transaction was facilitated by Krevolin & Horst LLC, who represented Vista in the deal with the previous owner, McAlpine Land LLC. Securing financing for such a large project is no small feat! Vista partnered with Parse Capital, The Hartford, and an unnamed group from Philadelphia to bring this vision to life.
A Bright Future
With over 1,500 residential units currently under development throughout the Carolinas, Vista Residential Partners shows no signs of slowing down. They have offices in nine locations across the U.S. and are strategically making their mark in regions like Charlotte. As construction continues on McAlpine Vista, there’s no doubt the development will play a key role in shaping the community’s future.
When Will It Be Ready?
As for when the project will be completed, details are still under wraps. The excitement builds as residents will soon find themselves with a fresh and modern living space to call home! Charlotte is continuously evolving, and McAlpine Vista is just another piece of the puzzle, enhancing the area and providing more enjoyable living options.
So, whether you’re looking for your next home or simply interested in how our lovely Charlotte area is growing, keep an eye on McAlpine Vista. This new development is sure to leave a positive mark and provide plenty of opportunities for the community!
