Terwilliger Pappas Multifamily Partners and Federal Capital Partners have launched construction on Solis Ballantyne, a 194-unit apartment complex in south Charlotte’s Ballantyne area.
The development, at the corner of North Community House and Bryant Farm roads, is near Ballantyne Corporate Center, an office campus with more than 4 million square feet of Class A space.
Solis Ballantyne has one-, two- and three-bedroom floor plans. Amenities include a central courtyard with a pool and grilling stations, a fitness center and yoga room, a pet-grooming station and clubrooms for gatherings, media and entertainment. Detached garages are offered as an option.
Occupancy is slated to begin in August 2016.
Solis Ballantyne is the second south Charlotte development recently launched by the joint venture partners, who are working together on Solis Waverly, a 375-home apartment community next to a new Whole Foods Market in the Waverly planned development.
Terwilliger Pappas, founded in 2013, has developed numerous apartment communities under the firm’s Solis brand. Completed projects include Solis Sharon Square in Charlotte’s SouthPark area, Solis Downwood in Atlanta, and Solis Crabtree in north Raleigh. The company is currently developing additional communities in Atlanta, Raleigh, Nashville and Charlotte, including Solis Dilworth. Federal Capital Partners has invested in or financed more than $4 billion in assets since its founding in 1999.