Monday, April 1, 2013

Gvest to Build Apartments in Charlotte, NC Arts District; NoDa Development to Capture Spirit of Eclectic Community



The Yards at No Da rendering
Charlotte, NC
CHARLOTTE, NC -- Gvest Partners plans to build a brand new 340-unit apartment community in the heart of Charlotte N.C.’s historic arts district. Construction is expected to start soon on The Yards at NoDa, a $37 million development in the NoDa district – home to the city’s most unique galleries, restaurants, bars and performing spaces.

John Bell
“We’re designing it to blend in with the spirit of the neighborhood,” said John Bell, Managing Director of Gvest’s Multifamily Group. “Noda is such a wonderful, walkable area – we’re working hard to make sure The Yards reflects its personality and vitality.”

The new multifamily residences will be adjacent to the 36th Street stop on the planned extension of the LYNX Blue Line.

The new leg of the light rail system, set for completion in 2017, will provide easy access between Uptown, Downtown and the nearby University of North Carolina.

University of North Carolina campus
Charlotte, NC
The development will have studio, one, two and three bedroom apartments. Amenities will include a resort-style pool, fitness center with the latest equipment, business center, clubhouse, landscaped gardens and more. The pet-friendly community will also have a dog park.

Gvest is providing the equity investment for the new development. The firm acquired the land for the apartments in an all-cash purchase last year. Wells Fargo bank provided construction financing.

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

Terri Thornton

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