The Landings at Doby Creek

Capstone Companies 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