Download Offering Materials: Cultivate NoDa
Capstone Land Sales is pleased to present the exclusive listing, Cultivate NoDa. The ±16.70-acre (±9.00 developable acres) land site is located in the NoDa Arts District of Charlotte, North Carolina, one of the fastest growing rental submarkets in Charlotte. The site also falls within one of only two Qualified Opportunity Zones in the Charlotte MSA, providing future ownership with a variety of ideal development options and incentives. Developers have taken notice of the explosive growth within NoDa and have begun construction on multiple expansive mixed-use projects to provide residents with even more entertainment outlets. This submarket has seen a higher-than-market rent growth in the immediate area for luxury, Class A assets, while still offering residents slightly discounted rental rates relative to the areas of Uptown and South End. Located off North Tryon Street and a short walk to the Lynx Blue Line Rail Station, future residents will benefit from enhanced connectivity to Uptown Charlotte and have easy access to I-85 and I-77. Cultivate NoDa also benefits from its proximity to an abundance of employers, economic demand drivers, Class A retail, and lifestyle amenities. Cultivate NoDa is an outstanding opportunity to develop a multi-family community in the rapidly growing Charlotte MSA.
Exceptional Location in the Expanding NoDa Neighborhood
Surrounded by Ongoing Development
Ideally Located in a Qualified Opportunity Zone
Favorable Renter Demographics in a Booming Submarket
Proximity to an Abundance of Demand Drivers