Lantower Waverly, Charlotte, NC December 06, 2018
Dallas-based Lantower Residential announces the acquisition of Lantower Waverly, a new 375-unit Class A+ multifamily community located in one of Charlotte's most affluent submarkets: Ballantyne.
Residents enjoy an unmatched amenity set including a resort-style saltwater pool with sundeck and cabanas, fitness center with towel service, dog park, clubroom with lounge and game room, elevators, media center/movie theater, and electric car charging stations. The luxurious unit interiors include gourmet kitchens with granite countertops, stainless steel appliances, modern glass backsplashes, washer & dryer sets, and soft close cabinets & drawers. Select units also feature 11’ ceilings, attached garages, and over-sized balconies.
The property is located in Waverly, a walkable mixed-use community featuring 250,000 square feet of retail space anchored by one of only three Whole Foods Markets in Charlotte. The 90-acre Waverly development near I-485 is also 6 miles away from the esteemed Ballantyne corporate park, home to 4 million square feet of Class A office space and 15,000 white-collar employees. Lantower Waverly garners additional rental demand with A+ rated public schools in a submarket with average home values ranging from $400,000 to well over $1,000,000.
"We are delighted to enter the dynamic Charlotte market in one of its most desirable submarkets with an institutional-quality asset. Lantower Waverly's location within the walkable Waverly mixed-use development, containing over 50 shops & restaurants and anchored by Whole Foods Market, gives it a unique competitive advantage. Additionally, the property’s location near white-collar employers, affluent demographics, and A+ rated public schools underscores our belief that Lantower Waverly will be a leading investment within our portfolio for years to come," said Lantower COO, Philippe Lapointe, in prepared remarks.
Upon acquisition of Lantower Waverly, Lantower Residential’s portfolio will consist of 7,271 residential apartments across 22 multifamily communities with an aggregate average age of 2011.