Madison Capital Group affiliate Madison Communities has recently broken ground on 288 apartment unit project in West Charlotte Submarket at Charlotte in North Carolina, US.
The project is located at the corner of Wilkinson and West Morehead in Charlotte.
Its construction began in September.
The project, called Madison Ashley Park, will feature the apartment units bundled in a four-storey building.
Among the amenities to be provided by the project include luxury unit finishes, clubhouse with a fitness centre, outdoor lounge with summer kitchen, a resort-style pool and pool deck with grilling stations and cabanas.
It will be built by Benco Construction, which is Madison’s affiliate general contracting group.
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Madison Capital Group CEO Ryan Hanks said: “We remain very active in the Charlotte area, with 4 additional multifamily communities under construction in the region, as well as across the Carolinas. We also have communities under construction in Raleigh, Asheville, and Charleston.”
Madison Ashley Park was capitalised through a partnership with Madison Capital Group and Washington D.C.-based private equity firm Carlyle Group.
In September, Madison Communities broke ground on 266 units located in Century Farms, a mixed-use master- planned development at Antioch, Tennessee.
Based in Charlotte, Madison Communities focuses on developing and managing suburban garden apartment projects.
It has offices in Charlotte, Nashville, Orlando, Atlanta, Dallas, and Charleston.
Image: A rendering of Madison Ashley Park. Credit: Madison Capital Group via PRNewswire.