Jefferson Apartment Group Closes on Debut Deal in Charlotte, North Carolina | Real Estate Weekly

Jefferson Condo Group (JAG), a number one multifamily developer and operator specializing in premier house communities on the East Coast, is making its North Carolina debut in Charlotte with a just-closed land buy and its growth into the realm with a brand new regional workplace.

JAG has bought a 5-acre parcel at 200 Wadsworth Place within the Optimist Park neighborhood of
Charlotte together with its fairness associate Cadre. Optimist Park is inside a mile of uptown—Charlotte’s
central enterprise district—and is located amongst a few of the space’s most sought-after neighborhoods,
together with NoDa and Belmont. The location has been graded and full development will begin this summer time on
this 350-unit Class A mid-rise with financing by United Financial institution.

Signaling a dedication to broaden its 1,000-unit pipeline within the Carolinas, Washington, DC-based JAG
has established a Charlotte workplace, the place it has a number of growth tasks within the planning levels. In
addition to their very own pipeline, JAG Administration will start providing property administration providers to
third get together regional house owners.

“As our pipeline of tasks within the Carolinas continues to develop, we knew it was the suitable time to plant
roots in Charlotte,” mentioned Jim Butz, President and CEO of Jefferson Condo Group. “The Queen Metropolis
is experiencing explosive progress, and we really feel assured that it isn’t slowing down anytime quickly. We’re
trying ahead to investing extra within the Carolinas area.”

As for JAG’s debut undertaking in Charlotte, Senior Vice President and Growth Companion Greg Van Wie
mentioned, “200 Wadsworth Place has been a long-time within the making, and we’re excited to see it start to
take form. The economic historical past round North Charlotte is wealthy, and we’ve labored onerous to symbolize
the heritage of the Optimist Park neighborhood in our structure and design.”

The outside of the 6-story constructing will function pink brick and ironwork, and models shall be a mixture of studio,
one- and two-bedrooms starting from 585 sq. ft to 1,027 sq. ft—some with non-public balconies and views of uptown. All models will function top-of-the-line finishes, together with plank flooring, quartz counter tops, stainless-steel home equipment, and tile backsplashes. Moreover, 355 parking areas shall be accessible to residents, consisting of each storage and floor parking.

Facilities will embody a lounge with double-sided hearth, recreation room, health middle, open coworking area, pet spa, and a motorbike storage room with upkeep bench. Outside facilities embody a resort-
fashion swimming pool and two courtyards. The constructing’s inside assumes nostalgia meets classic journey, impressed in a contemporary new approach by a Vestaboard within the foyer lounge including a particular railway aspect to the environment and with touches of Gingham patterns within the inside design as a nod to the
material mill that was beforehand positioned subsequent door at what’s now Optimist Corridor.

Along with its proximity to the uptown enterprise district, 200 Wadsworth Place is handy to
interstates 277 and 74 and is a straightforward stroll (just a little over six blocks) to the brand new Parkwood Station on the
Lynx Blue Line.

“Transit-oriented communities are very a lot in keeping with market demand throughout Charlotte,” mentioned Ryan
Munoz, Cadre’s Director of Personal Fairness Actual Property. “The shut proximity to uptown and the NoDa
arts district makes this undertaking much more interesting. We’re happy to be partnering with Jefferson
Condo Group on this premier property in Optimist Park.”

For extra details about 200 Wadsworth Place and JAG, please go to jeffersonapartmentgroup.com.

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