via Charlotte Business Journal, by Will Boye
Ram Realty Services has completed and leased the second phase of its Rock Creek at Ballantyne Commons apartment complex in south Charlotte.
The Florida-based development and real estate investment company bought the former Piper Station complex, near the intersection of Ballantyne Commons Parkway and Rea Road, in late 2012 for $23.5 million. In 2013, it bought an adjacent 6.6-acre parcel for $4.1 million.
The adjacent parcel became the site for a four-building, 118-unit second phase of apartments. The development firm started construction on the second phase in December 2013 and started preleasing the units last November. The second phase is now fully leased.
Ram also renovated the existing 212 units, clubhouse and pool deck, and it built a new freestanding fitness center. Occupancy for the entire complex is 97%.