Industries Commercial Real Estate

Virginia Beach-based developer completes 294-unit apartment community

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Virginia Beach-based real estate developer Kotarides is wrapping up construction on a 294-unit apartment community in Charlotte, N.C.

The development, Belmont at Tryon, represents the company’s entry into the Charlotte market. The community is Kotarides’ fifth community in North Carolina, many of which are in the Raleigh-Durham region.

“We believe there is a great deal of potential for growth in the Charlotte area,” Tammy Davis, Kotarides’ director of property management, said in a statement. “We’re bullish on this region as we look for additional development opportunities.”

Belmont at Tryon is situated on more than 20 acres. Its one- and two-bedroom apartments will feature 10 floorplans.

Community amenities will include a resort-style pool with cabanas, hammock park, 24-hour fitness center with a yoga and pilates area, dog park, activity lawn with lawn games and grilling stations, movie theater and a resident lounge.

Founded in 1963, Kotarides owns and manages a portfolio of more than 4,500 apartments and 2 million square feet of retail and office space.

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