(Charlotte, NC – July 24, 2018) – Rhino Market has signed a lease to take approximately 3,000 SF of retail space at The Collective, a new mixed-use project being developed by Ram Realty Advisors. This will be the third location for Rhino and a stimulating addition to the area. Located adjacent to the NoDa and Villa Heights neighborhoods, The Collective is comprised of a 3.6-acre parcel at 2300 North Davidson Street in Charlotte, NC. Ram is under construction on a major redevelopment of the site that includes the renovation of the existing commercial building (to be complete in early 2019) and the addition of a new 250-unit multifamily residential community. Ram is excited to have Rhino Market join Free Range Brewing as part of the project, providing a valued amenity to our future residents and surrounding neighborhoods.
“The goal for the commercial building is to create a design that tied together the old and the new, making sure we retained the character of the warehouse building and of the neighborhood,” says David Klepser, Ram’s lead developer on the deal.
The Collective, under development now, is slated for residential occupancy in spring of 2019 with retail joining earlier that year. The five-story midrise will include 250 luxury studio, one, two and three-bedroom apartments as well as 2,000 square feet of additional retail space. Complete with modern Class-A finishes and a full suite of amenities – including a gated parking garage, pool & outdoor lounge, pet wash station, record lounge, 24-hour fitness center with yoga studio, bike room and a makers space for DIY projects – the community is designed to appeal to NoDa’s eclectic renter.
“Our goal is to build a unique and attractive community that complements the vibrant character of the neighborhood,” commented David Klepser. “We’re using distinguishing architectural styles, industrial-modern finishes, and blending the new development with the existing commercial building. We want to create a complete live-work-play community that feels at home in the neighborhood.”
The development’s primary draw is its location, located less than two blocks from the 25th Street Station, part of the 9.3-mile Lynx Blue Line expansion. Residents will enjoy a convenient gateway to Uptown, South End and the University area. The community is also within walking distance to NoDa’s diverse collection of restaurants, galleries, and entertainment, as well as Cordelia Park and the Little Sugar Creek Greenway, a 19-mile trail that links NoDa to Uptown, Midtown, and Park Road/Montford.
The Collective project team includes partner Citisculpt, lender JPMorgan, architects BSB Design and 505Design, civil engineer LandDesign, interior designer SouthPark Interiors, general contractor VCC USA, property manager 5/ten Management, and commercial leasing broker Foundry Commercial.
Founded in 1978, Ram Realty Advisors is an affiliated group of companies and partnerships that acquire and develop retail and multifamily residential properties in select high-growth markets in the Southeast. The company capitalizes investments with Ram-sponsored discretionary private equity funds, and periodically institutional joint ventures. Since 1996, the company has deployed in excess of $2.5 billion of capital. Ram is headquartered in Palm Beach Gardens, Florida and has offices in Fort Lauderdale, Florida; Charlotte, North Carolina; and Durham, North Carolina.
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