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 and sitework is underway.