Phillips Management, working with Signature Property Group, is planning a new mixed-use community near Piedmont Triad International Airport. The project is envisioned as a large-scale residential and commercial development, with more than 700 multifamily units alongside commercial and office components. The location near the airport positions the community to serve both local residents and users connected to nearby employment centers.
According to reporting from the Triad Business Journal, the developers are structuring the project in two phases. The first phase is expected to deliver up to 715 residential units, including a townhome community. This initial phase focuses on housing and is designed to bring a substantial amount of new rental inventory to the area once completed.
The second phase of the planned project would broaden the site’s uses beyond housing. Current plans call for office and light industrial space, with buildings totaling up to 165,900 square feet. These nonresidential components would introduce a mix of workplace and industrial functions within the broader community, adding daytime population and potentially supporting on-site and nearby commercial activity.
Timing for the residential component is already being outlined. Construction on the townhome portion of the first phase is expected to begin in the first quarter of 2027. The first residential units are projected to be completed in the first quarter of 2028, with full completion of the first phase anticipated by the end of 2028. This schedule would bring a staged delivery of new housing over roughly a two-year period once ground is broken.
Phillips Management is described as an owner, developer and manager of multifamily communities across the Southeast, reflecting its experience in delivering and operating rental housing at scale. Signature Property Group, founded in 1990, has a track record of developing multifamily communities in the Triad, Triangle and Charlotte areas. Their combined experience in regional multifamily development underpins the execution of this planned mixed-use project near the airport.
While key details such as total development cost, capital structure and specific tenant mix have not been disclosed, the project illustrates how regional multifamily developers are continuing to assemble large, phased communities that integrate housing with commercial and light industrial space. As plans advance and entitlements, financing and leasing strategies are clarified, the project’s role in the local housing and employment landscape will become more apparent.
