SAN ANTONIO , June 16, 2022 /PRNewswire/ — Embrey, a diversified genuine estate financial commitment corporation centered in San Antonio, has shut on a five-parcel assemblage totaling 4.5 acres of land in Charlotte, North Carolina. The firm options to assemble Southerly at LoSo, a significant-conclude, 403-unit luxury condominium group, in the well-known Lower South Close community domestically known as “LoSo.” Hunter Barron, of JLL assisted Embrey with the assemblage.
“This will be Embrey’s first task in Charlotte and development will start off in late June,” says Brad Knolle, Executive Vice President of Growth. “There is high renter demand in the LoSo spot and vacancy rates are low. We are creating a neighborhood that will produce a dwelling encounter that is in retaining with the vivid and trendy LoSo region.”
Units will element keyless entry, 9- to 12-foot ceilings, quartz countertops, wander-in closets with designed-in shoe racks and designer finishes through. The property will offer you luxurious features these types of as a resort-style pool with shaded cabanas, a bocce ball courtroom, a pet dog park, a bicycle restore and storage room and far more. Also included is a seventh-ground sky lounge for inhabitants to rest while experiencing views of the Uptown Charlotte skyline.
The layout group, which includes Cline Style and Land Layout, has labored tirelessly with Embrey to create a timeless making for this iconic corner. Moore & Van Allen and Hart & Hickman have provided outstanding land entitlement and environmental solutions to aid Embrey achieve this closing. Elford, Inc. has been chosen to make the undertaking.
Southerly at LoSo is expected to start out leasing in late 2024 with completion in early 2025.
About Embrey
San Antonio-based mostly Embrey, LLC is a diversified genuine estate financial commitment organization that owns, develops, builds, acquires and manages multifamily and business belongings in focused marketplaces across the United States. Due to the fact 1974, Embrey has designed extra than 43,000 apartments and about 6 million sq. feet of commercial house. Embrey is a main developer in the multifamily sector, with additional than 6,000 units underneath development or in improvement. www.embreydc.com
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