Charlotte, North Carolina (May 2022) –
Appaloosa Real Estate Partners has successfully rezoned approximately 8 acres in Charlotte, NC for a proposed 48-unit townhome development. The property is located on Galloway Road in the Mallard Creek submarket. It is in close proximity to Interstate 85, abundant retail including Trader Joes, Starbucks and Harris Teeter and University Research Park, home to major employers including UNC Charlotte, Wells Fargo, Allstate, Atrium Health and many more.
“We are excited about another project in our home market of Charlotte. The Mallard Creek submarket is experiencing rapid growth as multiple major employers expand their operations in the area,” said Brian Miller, Partner.
ABOUT APPALOOSA REAL ESTATE PARTNERS
Appaloosa Real Estate Partners is a Charlotte, NC-based commercial real estate investment firm that specializes in the development, acquisition and management of multifamily and self-storage properties throughout the Southeastern U.S. Appaloosa’s mission is to deliver exceptional value for customers in the communities within which it operates while generating superior risk-adjusted returns for investors. Appaloosa’s principals have $40 billion in executed commercial real estate and corporate transaction experience. Investments are capitalized through partnerships with accredited and institutional investors. Learn more at www.appaloosarep.com.