CROSLAND AND TRINITY TEAM UP FOR $100 MILLION MULTIFAMILY VENTURE

CHARLOTTE, N.C. — Joint venture partners Crosland and Trinity Capital Advisors are developing a $100 million, 400-unit luxury apartment building in downtown Charlotte, located at 500 West Trade. The eight-story building will be situated on a 2.7-acre city block at the intersection of Trade and Graham streets. Residences will feature one-, two- and three-bedroom floorplans, ranging from 600 to 1,300 square feet. Rooftop amenities will include a two-story resident lounge, a business center, a media center, a conference room and a pool. The building will enclose a private half-acre courtyard featuring a resort-style saltwater pool and also feature ground-floor retail. Construction is slated to begin this fall, and the residences are expected to open late next year.