Middleburg Secures Land and Construction Financing for Mosby Northlake in Charlotte

The 312-unit community brings a rare mix of apartments and three-bedroom townhomes with private yards to one of Charlotte's fastest-growing submarkets

VIENNA, Va.--(BUSINESS WIRE)--Middleburg today announced it has secured the land and construction financing for Mosby Northlake, a 312-unit multifamily community in the Northlake/Huntersville submarket of North Charlotte. The project is scheduled to break ground this spring, with first units delivering in October 2027.

The announcement comes as Charlotte's housing demand continues to outpace supply. The Queen City ranked second in the country for total jobs gained in 2025, trailing only New York City, while multifamily permits have fallen close to 80% from their 2023 and 2024 peaks.

“The Northlake/Huntersville submarket has been a major piece of the momentum in North Charlotte,” said Adam Ricketts, Middleburg’s Development Partner in Charlotte. “The fundamentals in this market are strong and check every box for us. Beyond the location, we plan to build something that reflects how rental demand and preferences are evolving. Modern renters – whether individuals or growing families – want more space, more outdoor access and more options within a single community. Middleburg is attuned to that shift, and Mosby Northlake is our solution to meet the moment.”

The project will include 280 apartment homes and 32 three-bedroom townhomes, each with a private fenced yard. The community is positioned along the I-77 corridor with direct access to I-485, offering convenient commutes to uptown Charlotte, the University Research Park and other key employment nodes throughout the Charlotte MSA. The development is consistent with Middleburg’s broader suburban strategy, which focuses on well-located sites with strong access to major thoroughfares and proximity to established retail corridors. Mosby Northlake is one of several sites the firm is actively pursuing in the Charlotte MSA, and reflects a repeatable model the company intends to scale across the region.

Mosby Northlake is the latest addition to Middleburg’s expanding portfolio. The firm broke ground on 4,150 units in 2025, a 62% increase over the prior year, and was recently named No. 11 on the National Multifamily Housing Council’s 2026 Top 25 Developers List and No. 13 on the Top 25 Builders List. Middleburg currently has an additional 52 projects under control and in the development process for over 18,000 new units across its expanded target markets, where sustained job growth, population inflows and rapidly declining supply continue to support long-term demand. The firm’s focus remains consistent: delivering housing at scale through disciplined execution across cycles.

About Middleburg

Middleburg is a vertically integrated real estate investment, development, and construction firm operating in the highest growth markets across the United States. Since 2004, the firm has completed more than $4.5 billion in transactions and delivered over 32,000 homes across nine states. Headquartered in Vienna, Virginia, Middleburg operates through four integrated companies and has achieved a 30%+ realized IRR across multiple market cycles. For more information, please visit www.middleburg.com.