Friday, February 17, 2017

HFF secures joint venture equity and construction financing for luxury mid-rise multi-housing development in Uptown Charlotte, NC

Rendering of Planned Montage Apartments, Uptown Charlotte, NC

Travis Anderson
CHARLOTTE, NC  -– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged joint venture equity and construction financing for the development of Montage, a six-story, 302-unit, luxury multi-housing development in Uptown Charlotte.

HFF worked on behalf of the developer, Proffitt Dixon Partners, to arrange joint venture equity with an affiliate of Creek Lane Capital, LLC, a Chicago-based real estate investment firm.  In addition, HFF secured $46.5 million in construction financing for the partnership through Pacific Life Insurance Company.

Montage will be constructed on a 2.64-acre site at the corner of East Stonewall and South Davidson Streets just off Interstate 277 in Uptown Charlotte’s Stonewall corridor. 

The high-growth, live-work-play area will be home to approximately $2.7 billion in announced developments, including a 47,000-square-foot Whole Foods, which will be located between Bank of America Stadium and Presley Uptown. 

Cory Fowler

Montage will have 11,000 square feet of ground-floor retail and one-, two- and three-bedroom units averaging 830 square feet each.  Units will be finished with 10-foot ceilings, expansive master closets, computer niche/workstations, stainless steel appliances, upgraded fixtures, pantry and linen closets, wood plank flooring and balconies/patios with views of downtown.

 On-site amenities will include an elevated saltwater swimming pool, resident lounge, club room, fenced dog park, multiple courtyards, grilling stations, bicycle repair and fitness center.

The HFF debt and equity placement team representing the developer was led by senior managing director Travis Anderson and associate director Cory Fowler.

For a complete copy of the company’s release, please contact:

Kristen M. Murphy
Director, Public Relations
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |

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