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“Charlotte Apartment Project Sells for $107M”

"Charlotte Apartment Project Sells for $107M"

The sale of Alta Filament, a newly built luxury multifamily property in the Mill District neighborhood, was brokered by a Northmarq team led by Allan Lynch for $107 million. The seller, Wood Partners, was represented by Northmarq while Mid-America Apartments was the buyer.

Alta Filament boasts an ideal location within walking distance to popular amenities such as Lynx Blue Line Light Rail and Cordelia Park. It is also close to Optimist Hall which features 25+ food vendors and 80,000 square feet of office space.

Aside from its prime location, Alta Filament offers top-notch amenities including oversized courtyards and unique features like a podcast/content creator studio and private offices available for monthly rent. The project also includes ground-level townhomes with private entrances.

Outdoor amenities include a community clubhouse with grilling areas and fire pits, 24/7 fitness club, swimming pool with sundeck trellis area , pet spa/wash station , package delivery service ,and flex space . This recent transaction highlights the strong demand for high-end apartment properties in Charlotte’s thriving market.

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