Two-Building Project Will Further Animate Charlotte’s Most Dynamic Development with 301 New Apartments Featuring a Wide Variety of Living Arrangements
ATCO Properties & Management announced today that it has commenced construction on Kinship East and Kinship West, Camp North End’s first multifamily development.
ATCO is partnering with Tishman Capital Partners, Highmore and Blueprint Local on the new residential project, located in the southwest portion of Camp North End’s 76-acre campus. The project, which will be completed in early 2025, will deliver 301 new apartments across two buildings in a diverse array of sizes, types and price points.
The residences are designed to appeal to a wide range of Charlotte residents – from recent college graduates and growing families to the city’s universe of artists and makers, small business owners and entrepreneurs. Plans call for studio, 1-bedroom and 2-bedroom layouts as well as cluster units and live-work floorplans.
To cultivate the same sense of community that permeates the entire Camp North End redevelopment, ATCO has programmed Kinship East and West with an outdoor pool and lounge area, gas grills and fire pits, fitness center, communal kitchen, conference room and work-from-home spaces. Residents will also have access to bike storage, rideshare spots and a parking garage. Shared rooftop space featuring dramatic skyline views, located atop nearby retail, will also be accessible.
The 76-acre Camp North End is one of the largest adaptive reuse projects currently underway in the U.S. Since assembling the site in 2016, ATCO has thoughtfully repurposed existing industrial buildings into 500,000 square feet comprised of Class A office and a robust retail program featuring community-oriented shops, art galleries and acclaimed food and beverage establishments from multiple local purveyors. In addition to the forthcoming multifamily development, ATCO delivered 193,000 square feet of office and retail in 2022 as the commercial portion of the project’s second phase.
“Kinship East and West have been thoughtfully designed to embody the collective, unified experience we’ve woven into every element of the Camp experience,” said Damon Hemmerdinger, co-president of ATCO Properties & Management. “Camp North End residents will draw inspiration from all of the creative energy around them, while simultaneously enriching the community through their own experiences and contributions. This residential project is key to realizing Camp North End’s full potential as an around the clock, welcoming live-work-play district.”
“Highmore is excited to continue our partnership with ATCO as they begin construction on the first residential community at Camp North End,” said Brian Altenburg, Managing Partner at Highmore. “In our view, Camp North End is to become one of the most dynamic neighborhoods in Charlotte, one of country’s fastest growing metro regions.”
“We are excited to invest in Kinship primarily because of the Camp North End team’s long-term commitment to building a unique and iconic place,” said Ross Baird, CEO and Founder at Blueprint Local. “The thoughtfulness, integrity, vision, creativity, and soul behind this historic place that is being re-imagined and revitalized will be an anchor for Charlotte for years to come, and a model for thoughtful community development in the country. Kinship East and West will be a great place to live!”
Located at 110 Razades Way, the 240,390-square-foot project will feature Fitwel certified building amenities. In 2020, Camp North End was one of the first four projects in North America to receive Fitwel Community Certification from the Center for Active Design (CfAD), a national building standard that focuses on optimizing holistic health benefits in neighborhood-scale projects.
The seven live-work units will be located in Kinship West and provide a unique opportunity for residents to operate a ground floor retail storefront. These rentals will feature dedicated store entrances from the main street with separate private residential entrances located within the building’s interior.
The 10 cluster apartments will be comprised of individual 3-bedroom and 4-bedroom units creating 39 residences at Kinship West. Each resident’s small, furnished unit will have access to a fully-equipped, modern shared kitchen and living space.
At full sitewide build out, ATCO has committed to deliver at least 7% of the multifamily residences at Camp North End for those who earn up to 80% of Average Median Income (AMI). Between Kinship East and West, 22 units will contribute to this overall affordability commitment.
The project team for Kinship East and West includes property manager Greystar, building architect Dwell Design Studio, landscape architect Nelson Byrd Woltz, civil engineer LandDesign and general contractor David E. Looper & Company.
About Camp North End
Developed by ATCO Properties & Management, Camp North End is a state-of-the-art creative development that is being designed and curated to cater to today’s most innovative and cutting-edge companies in Charlotte. Select Camp North End buildings are being jointly developed by ATCO and Shorenstein Properties, LLC.
As one of the largest adaptive reuse projects currently underway in the U.S., the project is transforming a historic 76-acre site where people once manufactured Model T cars and assembled US Army missiles into a catalytic hub of creativity and ideas.
With over 500,000 square feet of space already redeveloped for work, artistic expression, dining and hospitality, entertainment, recreation, and community building, and another 1.5 million square feet on the way, Camp North End’s curated development will drive growth for the businesses that join its community.
For more information about Camp North End, visit the official Camp North End website at https://camp.nc/ or follow along on Facebook, Instagram, Twitter, and LinkedIn at @campnorthend.
About ATCO
ATCO is a real estate investment and ownership platform deploying capital in select cities across the United States, with a particular emphasis on creating value through placemaking and other strategies in urban locations. ATCO seeks to improve people’s lives by creating places where they genuinely want to work, play, or live, and by doing our work with a long-term perspective.
Through eight decades and four generations, ATCO has owned, managed, and developed a diverse real estate portfolio, primarily in and around New York City and also in select markets we target. ATCO presently owns and manages more than 25 buildings ranging from high-rise office and residential towers to retail properties, from one-story industrial structures to a mixed-use former military base. The portfolio of New York City properties includes 555 Fifth Avenue, 40 Central Park South, 41 West 58th Street, 630 Third Avenue, 381 and 373 Park Avenue South, 515 Madison Avenue, and the Atlas Terminals. Nationally, the company owns properties in Charlotte and Chapel Hill, NC; Austin, Texas; Indianapolis, Indiana; Darien, Stamford and Westport, Connecticut. Internationally, ATCO has investments in seven European countries.
About Greystar
Greystar is a leading, fully integrated real estate company offering expertise in investment management, development, and management of rental housing properties globally. Headquartered in Charleston, South Carolina, Greystar manages and operates over $221 billion of real estate in 224 markets globally including offices throughout North America, Europe, South America, and the Asia-Pacific region. Greystar is the largest operator of apartments in the United States, manages over 768,000 units/beds, and has a robust institutional investment management platform with more than $58.2 billion of assets under management, including over $24 billion of development assets. Greystar was founded by Bob Faith in 1993 with the intent to become a provider of world-class service in the rental residential real estate business. To learn more, visit www.greystar.com.
