Spandrel Development Partners announces the opening of two new luxury apartment communities in North Carolina: the Enclave at Radius Dilworth in Charlotte and Mira Raleigh in Raleigh.
“We are excited to continue to grow our footprint in the Southeast with these two communities and many more on the horizon,” said Emanuel Neuman, Co-Founder of Spandrel Development.
Enclave at Radius Dilworth, an eight-story, 274-unit midrise luxury apartment community in the heart of historic Dilworth, is now leasing, welcoming first move-ins in Q4. Enclave at Radius Dilworth is the first phase to be delivered in the Radius Dilworth development, a mixed-use project with two buildings—an 8-story midrise, the Enclave, and a 26-story high-rise, The Overlook. Once complete, The Overlook will be the tallest building in Dilworth and will include ground-floor service-oriented retail space and exceptional amenities. This project is a joint venture between Spandrel Development Partners, Atalaya Capital Management and Partners Group.
Mira Raleigh is a 288-unit luxury apartment building now leasing in the heart of historic downtown Raleigh. The first move-ins started in June. This sleek 288-unit building features a mix of studio, one and two-bedroom residences. Mira Raleigh is strategically located at the southern border of Raleigh’s central business district, where billions of dollars of growth is rapidly pulling the city center south.
Founded in 2013, Spandrel Development Partners is a multi-disciplined real estate firm focused on the southeast. The Firm uses proprietary screening criteria to filter and rank the 350+ Metropolitan Statistical Areas of the United States based upon wage growth, population growth, and high-tech GDP growth, focusing on right-to-work states. Spandrel currently has over $500 million in projects in various stages of development throughout the southeast, with an additional $500 million of projects in its pipeline.
Spandrel has been successful in sourcing opportunities ahead of larger national competitors by utilizing a local consultant network and a strong ground presence.
“We currently have over 1,000 units in pre-development in cities including Charlotte, Charleston, Huntsville and Savannah,” said Ian Levine, Co-Founder of Spandrel Development Partners. “We plan to continue to grow our portfolio in existing markets as well as expanding into target markets such as Nashville, Tennessee; Atlanta, Georgia; and Orlando and Tampa, Florida.”
About Spandrel Development Partners
Spandrel Development Partners is a multi-disciplined real estate firm. Based upon its proprietary analysis, Spandrel pursues opportunities for conversion, capital improvement and ground-up development in targeted U.S. markets identified in its proprietary demographic analysis. Spandrel is currently focused on the multi-family, student, hospitality, industrial, and build-for-rent sectors, Spandrel leverages its principals’ decades of development and investment experience in the creation of long-term value for its partners and investors. For more information, go to spandreldevelopment.com.
