LEXINGTON, NC— Capstone Companies is pleased to announce the $5.85M sale of Lexington Park, a 62-unit garden-style apartment and townhome community located in Lexington, North Carolina. The well-maintained asset stands out due to its desirable walk-up units and large floor plans. Following the sale, the buyer has assumed the in-place agency loan and intends to build upon the value-add strategy...
CHARLOTTE, NC —Capstone Companies is pleased to announce the successful $9,000,000 closing of the Graham & 6th Street Urban Infill Development Site in Charlotte, North Carolina. The ±1.64-acre infill urban core development site, located at 420 W 6th Street, marks a significant milestone in the city's ongoing growth efforts. Strategically situated in the heart of Uptown Charlotte’s Fourth Ward...
Download Offering Materials: Brookfield at Crowders Mountain Development Site Capstone is pleased to present the Brookfield at Crowders Mountain Development Site, a ±47.59 acre, zoned and entitled site located in Gastonia, North Carolina that is approved for 306 residential units (106 detached | 200 attached). The recently approved re-zoning allows For-Sale and/or For-Rent (BTR) product by-right. The...
Download Offering Materials: The Exchange at Steele Creek Capstone is pleased to present The Exchange at Steele Creek. Construction is complete and the asset is working through final inspections with final C/O expected at the end of April / early May 2023. This garden-style apartment community with Class A finishes is comprised of 36 units consisting of one- and two-bedroom floorplans. Favorable...
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...
Download Offering Materials: 1Thirty1 Motel Conversion Capstone is pleased to present the 1Thirty1 Motel Conversion, a motel-to-apartment redevelopment opportunity located in Charlotte, NC. The property currently operates as a 110-unit Motel 6. The motel-to-apartment conversion space gives a rare opportunity for developers to reposition the existing asset into a rental apartment community. This allows...
Capstone Land Sales has closed the $8.9 million sale of a ±21.34-acre development site located just west of Uptown Charlotte near the intersection of Marlowe Ave and Weyland Ave in the rapidly growing Ashley Park corridor.
Download Offering Materials: Sullins Towns Development Site Capstone Land Sales is pleased to present Sullins Towns: a ±10.27-Acre, By-Right Infill BTR Development Site in Charlotte, North Carolina. Acreage ±10.27 Total Acres Zoning and Entitlement Current Zoning: R-4 | New UDO: N1-B (effective June 2023) Potential Density By-Right Units: ±60 to 75 | By-Right DUA: ±6 to...
Capstone Land Sales has facilitated the $2.7 million sale of a 10.37-acre affordable housing development site just west of Uptown Charlotte’s urban core near the highly visible intersection of West Blvd and Dr. Carver Rd.
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...
Capstone Apartment Partners has closed the $38.1 million sale of Windsor Apartments in the burgeoning Charlotte suburb of Rock Hill, South Carolina.
Capstone Land Sales has closed the $3 million sale of an 8.83-acre affordable housing development site situated between Independence Blvd and Monroe Rd in east Charlotte located at 7800 Creekridge Rd.
