MULTIFAMILY MIX

The developers at Langtree at the Lake want you to know: Their tale is not just about a massive, 10-year, $1B mixed-use development with lakefront views. It's about creating an identity for a region.

 

Lake Norman already has the highest concentration of millionaires in the greater Charlotte region, including a bunch of NASCAR drivers. So arguably, it's been discovered. But there's a branding thing going on here, so we'll bite. Rick, right, and Brad Howard are a father-and-son team whose development vision for the Iredell County side of the lake includes a five-mile lakefront stretch of retail, office, hotel, multifamily, and public access space for fishing, boating, and just plain lakeside enjoyment for anyone and everyone in the greater Charlotte metro. Rick is in charge of Langtree Development Co and Brad holds sway over Langtree Real Estate Group, the brokerage arm of the company.

 

Phase 1 has just launched, and will include a 300-unit for-rent multifamily development, 50k SF of retail space, three hotels, and 55k SF of office space. Langtree controls 400 acres on Lake Norman and demand for space in the 60-acre Phase 1 has been hotter than a pepper patch. Phase 1 is a JV with Langtree Development Co, RL West Properties, and Dale Investment.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Charlotte Newsletters
Related Stories

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

Foundry Robotics Leaves San Francisco For New East Bay HQ

Tenant Rep Firm Expands To Philly, Hires Industry Veteran

Data Centers Lose The Top Spot, San Francisco Jumps 40 Places: 9 Takeaways From ULI's 2027 Outlook

Charlotte Extends Data Center Moratorium For 11 More Months

Cushman & Wakefield, NYC Added To Suit Alleging $250K Agency Lease Shakedown

Denver Public Schools' $11M Centennial Hall Purchase Marks Rare Land Sale For ULC

Brandywine Plans To Sell $200M Worth Of Properties In 2027

Pennsylvania Reveals Draft Map Of Areas To Benefit From Opportunity Zones 2.0

Developer Buys Land For Active Adult Apartments Near Novant Health Hospital

Cresa Taps Nathan Knowles As Atlanta Market Leader

Developer Of $3.8B Atlanta Project Discloses $19M Accounting Error