Multifamily developer to build quality, accessible 302-unit apartment community in NoDa Neighborhood near Uptown Charlotte
CHARLOTTE, N.C. (January 10, 2022) – Alliance Residential Company, one of the largest multifamily developers in the nation, announced today the acquisition of 3.5 acres of land for the development of Prose NoDa in Charlotte. Located at 120 Matheson Avenue in Charlotte, Prose NoDa will feature 302 apartment units consisting of one- and two-bedroom apartments ranging in size from 663 to 1,058 square feet. The first units are expected to be available in the fall of 2024.
Located on the edge of Uptown, NoDa is Charlotte’s historic arts and entertainment district and is home to restaurants, breweries, theaters, and where many talented artists and musicians call home. Prose NoDa is conveniently situated just a 5-minute drive from uptown Charlotte and is within Charlotte’s Mill District.
“NoDa is a truly vibrant district with a burgeoning economy, and Prose NoDa will capture the spirit of all that NoDa has to offer,” said Donald Santos, managing director at Alliance Residential. "We are thrilled to be developing what will be our third Prose-branded property in the Charlotte market and to continue to bring high quality housing with an emphasis on accessibility to residents of Charlotte.”
Prose NoDa units will feature open floorplans with spacious living and dining areas, wood style flooring, granite countertops, stainless steel appliances, and washer and dryers in every apartment. The community will also offer two open courtyards featuring a resort-style pool, outdoor kitchen and grilling areas. Other amenities include a dog park, private coworking offices, a fitness center, and a clubroom for residents. The project will also feature access-controlled garage parking.
“The NoDa neighborhood is Charlotte’s creative and cultural hub featuring incredible art galleries, breweries, music venues and award-winning restaurants,” said Jay Schaeffer, development associate at Alliance Residential. “Residents of Prose NoDa are sure to relish the unique flair that NoDa has to offer.”
Alliance Residential currently has five other active projects in Charlotte under construction. Prose NoDa is to be designed by architect Cline Design, with McAdams serving as civil engineer.
Prose is the nation’s first multifamily residential concept composed of entry-level Class A homes in rapidly expanding job corridors and lighter density communities. Dedicated to professionals seeking the convenience of residing close to major new employment centers, Prose tells the story of how sophistication meets quality of life and value. Prose is the newest brand from Alliance Residential Company, one of the largest and most active rental residential real estate developers in the United States. For more information, visit www.allresco.com