SAMET HOPES FOR $210M

There's something about having a place for everything and everything in its place. Greensboro-based Samet Corp operates five construction groups, each with its own specialty: Medical, commercial/industrial, education, mission-critical/IT, and (any guesses before you look?) . . .

 

. . . multifamily, which is on fire. Samet?s Charlotte market development manager Charles Blankinship (whom we recently snapped at Caribou Coffee on East Blvd) tells us certain types of commercial clients are looking at 2013 and beyond. But multifamily is right here and now. Samet has more than 1,700 apartment units under construction in the Carolinas, including a 300-unit project at Langtree at the Lake in Mooresville and the 227-unit Fountains at Mooresville Town Square. And that success has prompted Samet to predict sales growth will rise to about $210M next year from about $190M this year. ?The impact we're having on the Charlotte market right now is in the multifamily arena,? Charles tells us. Setting up the various operating groups, he says, ?has helped us smooth out the dips in the current economy.?

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