Trinity Capital Advisors Sells 3.5 Acres of Land at Toringdon to Proffitt Dixon Partners for Multi-Family Development
August 15, 2016
Trinity Capital Advisors has sold 3.5 acres of land along Community House Road at Toringdon to multi-family developer Proffitt Dixon.
The multi-family developer is planning an apartment complex with 245 units. Each unit will feature high-end finishes like granite countertops, stainless steel appliances, walk-in closets, and balconies. Community amenities include state-of-the-art fitness center, contemporary club and gathering space, outdoor aqua lounge adjacent to sun deck with saltwater pool and grilling areas, communal working space and mail room, rooftop indoor-outdoor club, secured building entry, valet trash, bike repair room, dog wash, and a pet park. The community will also feature a covered, wrapped parking deck. Construction will begin in the fall.
Toringdon is a mixed-use development that features a six-building office park totaling just over 500,000 sf and located in South Charlotte, immediately off of I-485 and Johnston Road, and home to notable tenants including TIAA-CREF, Crown Castle, Selective Insurance, and Pepsico.
This is the latest development at south Charlotte’s Toringdon. Beacon Investment Management Group’s Hampton Inn Hotel is currently under construction, slated to open this September. The six-building Toringdon Office Park will open its state-of-the-art tenant fitness center in early September. Ownership is also currently marketing Toringdon 7, a 200,000 SF office build-to-suit opportunity for pre-lease.
“We’re looking forward to Proffitt Dixon’s project and what it will bring to Toringdon,” said Walker Collier, Partner at Trinity Capital Advisors. “Toringdon is surrounded by some of south Charlotte’s most popular restaurants and retail, with excellent connectivity and access from across the city. And with the addition of this multi-family component, it’s becoming the true mixed-use destination we’ve envisioned.”
ABOUT TRINITY CAPITAL
Trinity Capital Advisors focuses on the acquisition and development of institutional quality commercial real estate in the southeastern United States. The firm has invested over $1.8 billion acquiring and developing over 13 million square feet of the most successful workplace real estate projects in North Carolina, South Carolina, Tennessee, and Florida, including CBD office towers, industrial portfolios, suburban office parks, and mixed use developments. Investments are capitalized through various Trinity Capital investment vehicles and partnerships with some of the country’s top institutional investors.
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