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Multifamily housing community with amenities
Business News

Ascent Housing Acquires Woodford Estates for $30.2 Million

News Summary Ascent Housing has completed the acquisition of Woodford Estates, a 228-unit multifamily community in Charlotte, for $30.2 million. This significant investment translates to about $141,228 per unit. The acquisition is backed by three permanent loans totaling $25.9 million from Newmark, and Dasmen Residential will continue overseeing the property management. With this addition, Ascent Housing aims to strengthen its presence in Charlotte’s housing market despite current challenges in local

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June 6, 2025 No Comments
Multifamily apartment complex in Charlotte NC
Business News

Charlotte’s Real Estate Boom: The Mill Project Secures $48 Million

News Summary Charlotte, North Carolina experiences a significant boost in its real estate sector as Capital City Real Estate and Pennington Real Estate Partners secure $48 million for ‘The Mill’, a new multifamily project featuring 281 Class A apartments. Located in an opportunity zone near the Sugar Creek Blue Line LYNX Station, this development aims to meet the city’s rising housing demand amidst evolving market conditions and planned amenities, such

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May 29, 2025 No Comments
Shared kitchen and living area in a co-living apartment.
Business News

Charlotte Embraces Co-Living as Affordable Housing Solution

News Summary Amidst rising living costs, Charlotte is seeing a growing interest in co-living arrangements, which provide affordable housing through shared spaces. This trend caters to low-wage workers and retirees, offering furnished rooms at competitive prices. With safety measures in place, co-living solutions present a viable alternative for affordable living in urban areas, allowing residents to manage rental costs and foster community. The market for co-living is anticipated to grow

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May 8, 2025 No Comments
Aerial view of Charlotte with new apartment constructions
Business News

Charlotte’s Apartment Market: Struggles with Supply and Rent

News Summary Charlotte’s apartment market faces challenges despite an influx of new units. With over 17,000 new apartments in 2024, rental prices remain high, averaging $1,644. The demand persists as potential buyers are drawn to rentals due to a lack of homes for sale. Vacancy rates are rising, indicating increased availability, yet competition remains fierce. Analysts predict that the current market fluctuation may stabilize as construction slows down and demand

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April 22, 2025 No Comments
New affordable housing development in Charlotte showcasing community living.
Cinema

Charlotte Moves Forward with Affordable Housing Initiatives

News Summary Charlotte’s city leaders are actively engaging in discussions for new affordable housing projects backed by a $100 million bond approved by voters. A total of 13 projects aim to introduce hundreds of affordable housing units to tackle the city’s housing crisis, with a focus on accessibility and sustainability. Notable initiatives include the Barton South project, which will provide 140 new units, alongside funding requests for other developments. A

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April 17, 2025 No Comments
Rendering of new apartment towers in Charlotte's South End with modern design features.
Business News

New Apartment Towers Coming to Charlotte’s South End

News Summary Charlotte’s South End is set to welcome two new apartment towers developed by Akridge, adding 861 residential units. The sites will feature modern amenities, including rooftop pools and convenient access to rail transport, enhancing the vibrant community. With construction soon to begin, South End is gearing up for a significant transformation. Big Changes Coming to Charlotte’s South End! Charlotte, get ready for some exciting news! The booming area

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April 9, 2025 No Comments
Welcoming exterior of Forest Point Place for older adults
Business News

Grand Opening of Forest Point Place Aids Older Adults in Charlotte

News Summary The grand opening of Forest Point Place in Charlotte marks a pivotal step in addressing homelessness among older adults. Opened on April 1, 2025, the facility supports those aged 55 and older with affordable housing and essential services. With over 90 residents already benefiting from the initiative, the collaboration between Mecklenburg County and Roof Above demonstrates a community commitment to tackling this pressing issue. Grand Opening of Forest

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April 3, 2025 No Comments
Residents engaged in a discussion about naming a neighborhood in Charlotte.
Automotive

Charlotte’s Neighborhood Identity Takes Center Stage

News Summary Charlotte residents are coming together to find an official name for a longstanding area that has never had a distinct identity. With developers planning over 1,000 new apartments, the push for a name is growing stronger. Ideas are flowing in community meetings, while preserving established neighborhoods remains a priority. The upcoming meeting at Pfeiffer University on January 20 aims to engage residents in the naming process, ensuring that

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March 30, 2025 No Comments
Skyline of Charlotte, North Carolina showcasing a mix of modern apartments and older homes.
Breaking News

Charlotte Residents Feel the Financial Squeeze

News Summary Charlotte is grappling with rising living costs, leaving residents feeling financially stressed. A recent study reveals it ranks as the fifth-most financially distressed city in the U.S. While rental prices have seen a slight decline, affordability issues persist, especially with soaring grocery prices. Many are concerned about managing their budgets amidst these ongoing challenges, prompting political actions to address the housing crisis. Charlotte Residents Feel the Financial Squeeze

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February 27, 2025 No Comments
Proposed apartment development site in Charlotte
Breaking News

Concerns Grow in Charlotte Over New Apartment Development

News Summary Residents of Charlotte are raising alarm over a proposed mid-rise apartment development along Central Avenue, which aims to replace existing businesses and residential lots. The eight-story structure, designed to transition to a shorter height near single-family homes, is causing unease among locals worried about increased density, traffic congestion, and the potential loss of their neighborhood’s charm. As developers seek to address these concerns, the future of this project

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February 22, 2025 No Comments

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