GREENSBORO, NC — Capstone Companies has successfully facilitated the $13.5M off-market sale of Cottage Gardens, a 176-unit, 1960-constructed apartment community in the Eastside Park submarket of the Greensboro, NC MSA. The seller, a private firm based in North Carolina, kept the property exceptionally well maintained with very little exterior deferred maintenance. Capstone’s transaction team, led by...
Asheville, NC—Capstone Companies has assembled the sale of a development project in Asheville, NC. The 16.7-acre, fully entitled site is located at 2177 Brevard Road and is slated for 319 units. The buyer is URS Capital (Managing Partner Chris Urso) partnered with PREG-Advantis and their construction arm; BCC Construction, Inc., a Florida based national Development and construction team led by Richard...
Download Offering Materials: Jessamine at Mooresville Capstone Land Sales is pleased to present the Jessamine at Mooresville Development Site, a ±12.94-acre development site in a booming submarket of Mooresville, North Carolina and the greater Charlotte MSA. Jessamine at Mooresville is located in close proximity to all major employers, retail, and demand drivers in the area. Situated directly...
Greensboro, NC—Capstone Companies has brokered the $9,000,000 sale of a ±13.61-acre development site in Greensboro, NC. The site is located at 829 Guilford College at the intersection of Guilford College Rd and Sapp Rd, directly adjacent to the Target-anchored Wendover Place Mall. The buyer is Raleigh, NC-based HHHunt, who will break ground later this year on a 360-unit, garden-style apartment...
CHARLOTTE, NC — Capstone Companies announces the $15,000,000 sale of the Madison Park Apartments: a 132-unit multi-family apartment community constructed in 1980 and located in Shelby, North Carolina. Eric Liebich, Director of Multi-Family Investment Sales, and Ron Corrao, a Partner at Capstone, led the Capstone transaction team. They facilitated an off-market transaction between Southwood Realty, based...
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: Morris Landing at Surf City Development Site Capstone is pleased to present the Morris Landing at Surf City Development Site, a 22.8-acre, zoned and entitled multi-family site located in Holly Ridge, North Carolina. Morris Landing at Surf City is approved for 70 build-for-rent or build-for-sale units by-right. The project presents developers with the rare opportunity to acquire...
Download Offering Materials Capstone is pleased to present the Skycrest Townhomes Development Site, a ± 5.17-acre, zoned and entitled site located in Raleigh, North Carolina that is approved for 70 infill Build-To-Rent or For-Sale townhomes by-right. This development site in Raleigh's North Hills submarket presents developers with the rare opportunity to acquire a fully approved site in the second...
Download Offering Materials: Triad Village Development Site Capstone is pleased to introduce the Triad Village Development Site, a ±30.93-acre mixed-use development site opportunity located in Greensboro, North Carolina that is zoned and entitled for apartments and retail. The site is a prime development opportunity for developers seeking to capitalize on the thriving market of Greensboro. The project...
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...
