CHARLOTTE — Texas multifamily developer Embrey has bought land in NoDa for its fourth Charlotte-area apartment project.
The San Antonio company acquired 7 acres at 3035 N. Tryon St., next door to NoDa Brewing Co., where it plans to build a 403-unit, four-story community. Embrey paid $13 million for the parcel on Sept. 5, according to Mecklenburg County real estate records.
[ READ MORE: More development planned for dramatically different Sterling neighborhood ]
The property will have studio, one- and two-bedroom units at market rate-rent prices.
Keep reading here.
(WATCH: Proposed development near Plaza Midwood receives pushback from neighbors, council)
This browser does not support the video element.