BACKGROUND

In 2018 Blue Heron secured an opportunity to invest as co-GP in the development of a well-located, 273-unit midrise apartment community in the North Davidson (NoDa) submarket of Charlotte. The project is located within walking distance of a light rail stop on a recently completed extension of a light rail line which now connects Uptown Charlotte to The University of North Carolina Charlotte campus. The developer is a group with whom Blue Heron has invested in four other projects over the past five years.

Achievement(s)

Closing on the land occurred in May of 2018. Sitework and construction of the parking garage are underway.