Antiquity Cornelius

Capstone Brokers $5.2M Sale of Multifamily Development Site in Metro Charlotte

by John Nelson

CORNELIUS, N.C. — Capstone Apartment Partners has brokered the $5.2 million sale of a multifamily development site in Cornelius. The site is approved for a 320-unit development. Located at Catawba Avenue and Lawn Market Street, the site was part of Antiquity, a mixed-use community featuring a Harris Teeter store, seniors housing, retail, restaurants and single-family homes. The development site features a swimming pool, 30-acre park, arboretum and athletic fields. Antiquity LLC sold the site to SAG/LIV Development for $16,250 per unit. Austin Green, Alex McDermott, Andrew Klenk and Brian Ford of Capstone brokered the transaction.

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