Charlotte, NC (September 2021) – MPV Properties (“MPV”) and Woodfield Development (“Woodfield”) are pleased to announce the completion of the sale of approximately 14 acres of land at Farmington, a master-planned development situated off I-485’s Rocky River Road exit along both Charlotte and Harrisburg in North Carolina. The land is slated for 275 luxury apartments and a clubhouse to be developed by Woodfield.
“We are excited to bring our luxury product to the Farmington community. Residents will enjoy the proximity to entertainment, shopping, dining and medical offices convenient to where they live,” said Chad Hagler, Development Partner with Woodfield. The first units are expected to be delivered in Q3 2022.
Construction progress at Farmington as of August 2021; courtesy of Woodfield
This announcement comes as commercial development at Farmington commences. The new Farmington Ridge Parkway is well underway and will soon connect Rocky River Road with Caldwell Road on the north border of the project. The Parkway will feature an active Town Center component at the roundabout that will include restaurants, shops, and amenities focused around an active neighborhood park. In addition, site work is progressing on the outparcels located at the entrance to Farmington with negotiations ongoing with many brand name users. MPV is in permitting with its first 12,000 SF commercial multi-tenant building that will front on Rocky River Road. Heartland Dental has executed the first lease within this building, and several more are soon to follow, including Dunkin’.
Farmington shops elevation
Robbie Adams and Joey Morganthall are in charge of leasing the retail in the center, George Macon is leasing the medical office and office spaces and Mike Chatham is managing the sale of the hotel site. Justin Holofchak and Jim Merrifield represented the seller in this transaction. For more information about Farmington, visit FarmingtonRockyRiver.com.
Aerial images taken in August of 2021; courtesy of Woodfield
Cover: Rendering of Woodfield’s luxury apartments and clubhouse; courtesy of Woodfield
About Woodfield Development
Founded in 2005 in the Carolinas and metro D.C., Woodfield Development sources and develops Class A multi-family and mixed-use assets in neighborhoods, towns and cities along the eastern seaboard of the United States. Every Woodfield community is an investment that matters. Our tenured team creates lasting value through a business model based on creativity, knowledge, and partnerships built over time. Learn more at woodfielddevelopment.net.
About MPV Properties
MPV Properties is one of the Charlotte area’s leading commercial real estate firms offering landlord and tenant representation in office, industrial, retail and land brokerage, development and association and property management services. For more information, visit www.mpvre.com.