Northwood Residential Portfolio III is comprised of two developments located in North Carolina and Georgia.
OMB Cornelius is a 20.3 acre development site in Cornelius, North Carolina, which is 20 minutes from Uptown Charlotte. The site is near Lake Norman and Davidson College. Northwood plans to develop a 360-unit residential complex with 10,000 square feet of retail space centered aroun Old Mecklenburg Brewery (“OMB”) brewery and one acre biergarten. With the OMB brewery and biergarten and proximity to Lake Norman, the college town of Davidson, a greenway, and Cornelius’ new Cain Center for the Arts, the site represents a unique lifestyle development opportunity.
Halo East Decatur is a 7.5 acre development site located in Decatur, Georgia, which is 25 minutes from Midtown Atlanta. The site is adjacent to the Avondale MARTA station, 0.5 miles from downtown Decatur, and 0.25 miles from downtown Avondale. Decatur is a popular suburb of Atlanta offering residents an urban suburban environment that has access to many bars, restaurants, coffee shops and parks. The Halo East site fronts East College Avenue which has attracted a variety of brewers and creative office users most recently. There is potential to develop 370 multifamily units and 16,000 square feet of retail space.
