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    Multifamily Development Booming in Charlotte Real Estate Market

    What’s New in Charlotte, NC:

    It's no surprise that Charlotte, NC, was recently voted one of the best places to live in the United States. Thanks to an influx of new residents, real estate developers are presented with new multifamily development opportunities. While the markets are challenging, developers are pushing ahead, seeking to modernize the Charlotte area and seize these opportunities for multifamily projects. 

    Here's a look at several projects transforming the city - making it an even more beautiful and desirable place to live.

    Cousins Properties Plans Mixed-Use Project in South End

    Atlanta-based developer Cousins Properties plans to build a mixed-use apartment complex in the South End of Charlotte. The team acquired the land in December 2020 for $18.8 million and has been in the planning and design stages since. They have yet to confirm when construction will begin for the 17-story office building, but plans reveal that it will also include a 19-story, 310-apartment building. Cousins Properties is also in the early planning stages for a second massive project in the South End.

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    Akridge, Kettler to Add 865 Apartments in South End in Two Projects

    Akridge and Kettler, two premier developers in the DC/Virginia Area, plan to build two multifamily projects in the South End of Charlotte. The projects consist of 550,000 square feet and 400,000 square feet of apartment buildings. Once completed, these will become the firm's third and fourth projects delivered in the area. As opportunities arise, Akridge and Kettler intend to grow into the Charlotte and Carolina markets.

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