VIENNA, Va.--(BUSINESS WIRE)--Middleburg Communities (“Middleburg”) today announced plans to develop Hamlet Huntersville, a fully-amenitized built-to-rent community in the Charlotte MSA. Hamlet Huntersville will be developed on 44-acres along Old Statesville Road in Huntersville, N.C., approximately 20 minutes from Uptown Charlotte, and will feature a total of 265 single-family detached cottages and townhome units averaging 1,230 square feet. Construction is expected to commence in September.
“We’re excited to bring our Hamlet built-to-rent brand to Charlotte, a market that is attracting new families, corporations and job seekers at a high volume,” said Austin Knapp, Partner of Middleburg Communities. “Our proprietary research projects this growth to continue over the long-term, especially as individuals and families prioritize a higher quality of life, a lower cost of living and warmer temperatures – all of which Charlotte offers. We look forward to delivering a best-in-class product that offers maintenance-free living and is appealing to all types of lifestyles.”
Middleburg’s growing Hamlet brand of built-to-rent communities injects much needed rental supply into the growing Charlotte MSA, which has seen a 3.8% net growth in jobs since 2020 and is home to six Fortune 500 company headquarters. Hamlet Huntersville will offer the privacy and green outdoor spaces synonymous with traditional single-family living with a variety one-, two-, and three-bedroom floorplans. A clubhouse with pool and amenity center will anchor the community which will consist of 187 cottages and 15 townhome buildings.
Hamlet Huntersville will be located at 12345 Old Statesville Rd in the charming and historical town of Huntersville, known for its top-rated schools, proximity to Lake Norman, and variety of outdoor activities and attractions. Moreover, Huntersville has consistently ranked among the top places in the country to raise a family and is the fastest growing town in Mecklenburg County. Hamlet Huntersville’s convenient proximity to I-77, I-485 and the future LYNX Red Line Extension provides a 20-minute commute to more than 334,000 jobs. The property is also across the street from the 500-acre Bryton mixed-use development, which is planned for 1 million square feet of retail and 2 million square feet of commercial space.
Steve Farmartino, Vice President of Development for Middleburg’s Carolinas Region added, “Charlotte needs a premium product that will meet the demand of its growing population. The demographics of today’s average renter is changing. Millennials now have families, and they’re met with aging rental units and limited new supply in some of the best job markets across the country. Our Hamlet communities seek to fill that gap where growing families and single professionals can coexist in professionally managed communities proximate to where they want to live, work and play.”
Hamlet Huntersville will feature signature high-scale finishes and amenities including:
- 9’ ceilings with private entries, private yards, porches and patios
- Attached garages in select units
- Stainless steel Energy Star appliances
- Quartz countertops and tile backsplashes
- Smart thermostats
- Laundry rooms and large, walk-in closets
- A resort-style swimming pool and state-of-the art fitness center
- Community parks and green spaces
- Dedicated dog parks and pet spa
- Electric vehicle charging stations
Financing for Hamlet Huntersville was provided by Fifth Third Bank.
About Middleburg Communities
Middleburg is a leading real estate investment firm maximizing stakeholder value through a socially conscious, fully integrated approach to the acquisition, development, construction, and management of high-quality, attainable rental housing. Since 2004, Middleburg has acquired, developed, and financed more than 28,000 multifamily units, exceeding over $4.3 billion in transactions. The firm’s success is rooted in a genuine desire to serve its local communities in thoughtful and holistic ways. Middleburg embraces people, property, and partnerships to enhance the lives of others, contribute positively to its neighborhoods and maximize real returns for partners. For more information, please visit www.middleburgcommunities.com.