Embrey Closes on Second Land Purchase in Charlotte, North Carolina

CHARLOTTE, N.C., Nov. 18, 2022 /PRNewswire/ — Embrey has closed on the land buy for Finley, a 343-unit multifamily group mission in Charlotte, North Carolina.

The mission is Embrey’s second within the Charlotte market and is within the vibrant College Metropolis submarket. The placement provides future residents shut entry to town heart, procuring, leisure actions and to the College of North Carolina at Charlotte by way of the LYNX Blue Line.

“College Metropolis has a strategic imaginative and prescient that can proceed the momentum of being a extremely sought-after place to stay,” stated Brad Knolle, Embrey’s Govt Vice President of Improvement. “This mission embodies Embrey’s objective of making communities the place residents take pleasure in premium residing and splendid facilities to suit lively existence.”

College Metropolis is house to many current graduates and others within the College of North Carolina at Charlotte group. Finley’s location is within the coronary heart of the group, which is the second largest employment heart in Charlotte.

Finley’s first residential models and the clubhouse are anticipated to be out there within the third quarter of 2024, with mission completion scheduled in 2025.

Facilities will embody a clubhouse with a recreation room and a enterprise heart that features micro-offices and a convention room. Outside grilling areas, an outside fuel fire, and a landscaped courtyard complement a resort-style pool. The property will function a recreation room with billiards and arcade video games, a modern health studio with on-demand know-how, and a yoga room.

Inside finishes will function 9-foot ceilings. Excessive-end kitchens will function quartz counter tops, customized cabinetry with designer pulls, chrome steel home equipment, undercabinet lighting and upgraded undermount sinks.

About Embrey

San Antonio-based Embrey is a diversified actual property funding firm that owns, develops, builds, manages and acquires multifamily and business belongings in focused markets throughout the United States. Since 1974, Embrey has developed greater than 44,000 residences and over 6 million sq. ft of economic property. Embrey is a number one developer within the multifamily sector, with greater than 6,000 models below building or in improvement. www.embreydc.com

SOURCE Embrey