CHARLOTTE, N.C. - A Houston-based REIT that’s made several investments in the Queen City is getting ready to develop here again, this time in NoDa.
Camden Property Trust recently acquired the 3.7-acre site at the northwest corner of North Davidson Street and Jordan Place, where it will build hundreds of apartments, said Will Smith, vice president of real estate investments at Camden.
Camden has plans to develop a 390-unit project with about 7,000 square feet of ground-floor retail and about 10,000 square feet of amenity space, Smith said. The current projection is to break ground on the development, which will likely be called Camden NoDa, in the first quarter of 2020 and deliver it within two years.
Smith said the site is particularly appealing because of its access to the Lynx Blue Line via Jordan Place as well as retail on North Davidson Street. More than 1,000 apartments are underway or have recently delivered along North Davidson and Brevard, which parallels Davidson and fronts the Blue Line.
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