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| Rendering of Planned Montage Apartments, Uptown Charlotte, NC |
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| 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.
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| 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 | www.hfflp.com
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