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CONCORD, N.C. — An out-of-state developer has snagged a site near Charlotte Motor Speedway for its first local multifamily project.
On Jan. 31, Tennessee-based J.A. Murphy Group bought a 6.2-acre site on Trevi Village Boulevard for $3.75 million, according to Mecklenburg County real estate records.
The site will be home to a 209-unit, garden-style apartment complex, which is expected to break ground next month.
The site is off North Tryon Street, just over a mile from the speedway.
“J.A. Murphy Group is excited to be getting started on our first multifamily development in the Queen City,” company founder John Murphy said.
Read more here.
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