SOURCE: Wood Partners

Wood Partners

July 13, 2012 09:30 ET

Wood Partners Begins Construction on a 246-Unit Apartment Community in Northlake Area of Charlotte

Four-Story Development Features Popular Carriage Building Units and Offers Convenient Access to Wide Range of Shopping, Dining Attractions

CHARLOTTE, NC--(Marketwire - Jul 13, 2012) - Perimeter Lofts, a 246-unit apartment community, is being developed in the heart of the booming Northlake area of Charlotte, announced Wood Partners -- the nation's most active multifamily developer.

The multifamily complex, to be built on 10.6 acres at 10110 Perimeter Parkway, will consist of two four-story buildings and six carriage buildings. The community will offer a mix of flats, carriage, loft and direct access "brownstone" units.

Leasing is expected to begin in January 2013 and construction will be completed by July 2013.

"Although the property is less than 12 minutes from uptown Charlotte and surrounded by over three million square feet of restaurants and retail, our residents will experience a resort like environment created by the two connected courtyards with multiple pocket parks and lawns, as well as an oversized pool area," said Carter Siegel, Wood Partners director.

Perimeter Lofts is across the street from Northlake Mall, the newest enclosed mall in Charlotte whose anchors include Belk, Macy's, Dillard's, Dick's Sporting Goods and AMC Theatres. Also nearby Perimeter Lofts are more than 900,000 square feet of retail stores such as Super Target, REI, Best Buy, PetSmart including a variety of restaurants.

The community is visible from I-77 and only a few blocks from the I-485 outer loop, providing easy access to Uptown Charlotte, the city's largest employment center.

"Located a short distance from Charlotte Douglas International Airport and a short drive from the center city, we feel that Perimeter Lofts will draw residents looking for a contemporary living experience at a substantial discount to comparable uptown locations," said Siegel.

Community amenities will include an integrated clubhouse with cyber café, movie and game room, fitness center, salt water pool with outdoor cabanas, grilling areas, dog park, pet spa and car care center.

WP East Builders LLC is the general contractor and Geheber Lewis Associates is the architect for the project.

About Wood Partners

Wood Partners is a national real estate company that acquires, develops, constructs and property manages high density and mixed-use communities. In 2011, it was ranked the nation's No. 1 multifamily developer with 3,750 unit starts. Through quality construction, responsible land development and intelligent design, our communities reflect the aesthetic and social fabric of the community and provide a luxurious living experience at a fair price. The company has been involved in the development of more than 40,000 homes with a combined value of more than $5.5 billion nationwide. Wood Partners has offices in 15 major markets nationwide including Atlanta, Baltimore, Boston, Charlotte, Dallas, Delray Beach, Denver, Houston, Newport Beach, Orlando, Phoenix, Raleigh-Durham, San Francisco, Seattle and Washington, D.C. To learn more about Wood Partners, please visit our Web site at

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