Canyon Partners Real Estate LLC and The NRP Group announced a joint venture on Friday for the development of Abernethy Lofts, a 392-unit Class A multifamily community in Charlotte’s NoDa submarket. Canyon provided $35.9 million of LP equity for the project, which is located within a Qualified Opportunity Zone. Construction will begin immediately and is expected to be completed by Q2 2026.
“We have recognized the incredible opportunities available to residents in this area since our first development over five years ago,” said Jason Mochizuki, VP of Development at The NRP Group. “We are proud to partner with Canyon once again in Charlotte’s market to create desirable rental options with connectivity and convenience.”
Most recently, Canyon collaborated with NRP on South Tryon residential community back in February 2023 also located within Charlotte’s South End neighborhood .
