New Offering: Zoned, Entitled, & Permitted Shovel-Ready Site in Booming Charlotte, NC

Download Offering Materials: The Landings at Doby Creek Development Site

Capstone is proud to present The Landings at Doby Creek Development Site, a 3.07-acre, zoned, entitled, and shovel-ready multi-family site ideally located in the burgeoning University City submarket of Charlotte, North Carolina. The development site presents developers with the rare opportunity to acquire a shovel-ready site that includes fully approved site plans, as well as 100% completed engineering drawings for 151 luxury apartment units. With the majority of upfront leg work completed, a developer can focus on immediately initiating construction and capitalizing on the robust rent growth in the University City submarket. University City rent growth has outpaced surrounding submarkets, and rents have increased +60% year over year since 2010, driven by the influx of high-paying jobs at the numerous Class A office parks nearby. Additionally, The Landings at Doby Creek is less than 5 minutes from the 30,000-student University of North Carolina at Charlotte as well as major office operations for TIAA, Wells Fargo, and many others. With a zoned, entitled, and shovel-ready project located in one of the fastest-growing submarkets of Charlotte, The Landings at Doby Creek presents a unique opportunity for a developer to deliver a new product to the market.

Investment Highlights
Fully Engineered Construction Drawings Included with Site
Red Hot University City Rental Market
Proximity to an Abundance of Job Opportunities
Connectivity to the Charlotte MSA
In Process Redevelopment of the Adjacent TownePlace Suites

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