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Waterton Purchases 426-Unit Addison Park Apartment Community in Charlotte, North Carolina

CHARLOTTE, NC - Waterton, a U.S. real estate investor and operator, announced the acquisition of Addison Park, a 426- unit rental community in Charlotte, North Carolina.Situated on 44 landscaped acres in the Harris Boulevard / Mallard Creek submarket, the community comprises 22 three-story buildings with attached, direct-access garages. Apartments offer a mix of one-, two- and three- bedroom floor plans , each with 9-foot ceilings, a wood-burning fireplace and private patio or balcony. Community amenities include two resort- style swimming pools with sun decks, a resident clubhouse, 24- hour fitness facility , fully equipped business center , outdoor grilling area , children’s playground, car detailing station and on-site “bark park” with grooming station. “There continues to be strong demand for luxury rental housing in Charlotte,” said Matthew Masinter, senior vice president of acquisitions at Waterton. “This was an opportunity to acquire an attractive asset in a h...

Waterton Purchases 426-Unit Addison Park Apartments in Charlotte, NC

CHICAGO--( BUSINESS WIRE )--Waterton, a U.S. real estate investor and operator, today announced the acquisition of Addison Park, a 426- unit rental community in Charlotte, North Carolina. Situated on 44 landscaped acres in the Harris Boulevard / Mallard Creek submarket, the community comprises 22 three-story buildings with attached, direct-access garages. Apartments offer a mix of one-, two- and three- bedroom floor plans , each with 9-foot ceilings, a wood-burning fireplace and private patio or balcony. Community amenities include two resort- style swimming pools with sun decks, a resident clubhouse, 24- hour fitness facility , fully equipped business center , outdoor grilling area, children’s playground, car detailing station and on-site “bark park” with grooming station. “There continues to be strong demand for luxury rental housing in Charlotte,” said Matthew Masinter, senior vice president of acquisitions at Waterton. “This was an opportunity to acquire an attractive ass...

What’s the latest on Lidl’s expansion into Charlotte?

The German grocer Lidl opened its tenth North Carolina store Thursday in Thomasville, about 70 miles northeast of Charlotte. With several other locations under construction nearby, readers keep asking: When will Lidl finally open in Charlotte? The grocer, which boasts low prices similar to Aldi’s, is wrapping up construction on stores in Rock Hill, Indian Land and Gastonia – all locations that should open within a few months. When I asked Lidl again Thursday about the openings, the grocer didn’t offer any specifics. Lidl also won’t say why construction seems to have halted completely on a South Boulevard site . Records show Lidl bought the property at 3229 South Blvd. for $4.9 million in January 2016. Since then, apartments and other buildings were cleared, but progress on the site slowed in recent months and the property has become overgrown. “We haven’t forecasted any specific timelines for this site,” spokesman Will Harwood told the Observer in June. A colleague recently descri...