Stoa Group has broken ground on The Waters at Robinwood, a garden-style multifamily community planned for 10700 Harrisburg Road in Charlotte. The project will deliver 288 apartment units and carries an estimated total development cost of about $60 million, according to the company. Construction is expected to run through the next several years, with completion targeted for fall 2027.
The site assembled for The Waters at Robinwood consists of seven parcels totaling 25.34 acres. Stoa Group acquired the land for $3.3 million prior to launching vertical development. The project marks the firm's first entry into the Charlotte market and its second development in the Carolinas, signaling a geographic expansion beyond its earlier focus areas.
Stoa Group is concurrently building a 336-unit multifamily community in Columbia, South Carolina, which started construction last summer. In addition, the firm intends to start three more developments this year in New Bern, Fayetteville and Greenville, North Carolina. Together, these projects outline a growing development pipeline across multiple cities in the Carolinas.
Founded in 2017, Stoa Group describes itself as an integrated commercial real estate firm with a focus on multifamily properties. Since its inception, the company has developed 24 multifamily communities across Alabama, Florida and Louisiana. Beyond its completed portfolio, Stoa Group currently has four multifamily communities under construction in Alabama, North Carolina, Mississippi and South Carolina, including The Waters at Robinwood and its Columbia project.
The Charlotte development adds to Stoa Group's broader regional strategy of scaling its multifamily footprint in Southeastern markets. By combining new ground-up projects with a multistate pipeline, the firm is positioning itself as a repeat developer in several secondary and tertiary markets in the region. Details such as unit mix, on-site features and the project's specific positioning within the local rental market were not disclosed.
While the total development cost and general delivery timing have been outlined, Stoa Group has not released information regarding project financing, capital partners or expected rental levels for The Waters at Robinwood. The firm also has not publicly identified any third-party ownership or operational partners for the community at this stage. Additional information on lease-up plans and property management is likely to emerge as construction advances toward the projected 2027 completion.
