Wood Partners to Break Ground on 372-Unit Village Park Multifamily Community in Charlotte
Wood Partners, in partnership with Sarofim Realty Advisors, has announced the upcoming groundbreaking of Village Park, a new 372-unit multifamily development located in the Highland Creek and Prosperity Church area of Charlotte, N.C. Scheduled to begin construction in November 2026, the project is expected to open in May 2028. The community will feature seven residential buildings, a clubhouse, and various amenities including coworking spaces and a resort-style pool. Notably, five percent of the units are designated as affordable housing for households earning up to 80% of the area median income. The project is being financed by J.P. Morgan and aims to leverage its proximity to Interstate 485 and local retail hubs.
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Topics: affordable housing groundbreaking multifamily development real estate financing