Work begins on Vista Residential’s 320-unit apartment community in US

On-site amenities at the property include a luxury clubhouse, resort-style swimming pool, and more.

Archana Rani September 25 2024

Multifamily developer Vista Residential Partners has commenced construction on McAlpine Vista, a 320-unit apartment community in Charlotte, North Carolina (NC), US.

Situated on 14 acres at 8011 Krefeld Drive, McAlpine Vista is positioned 15 minutes from Uptown Charlotte. It is set to feature a mix of one- to three-bedroom apartments, with an average size of almost 1,010ft².

The apartments at McAlpine Vista are designed to offer luxury living with modern amenities.

EDI International, the architect behind the project, has included high-end finishes such as stainless steel appliances, stone countertops, and vinyl plank flooring in the design.

The community's amenities are set to include a luxury clubhouse, a resort-style swimming pool, and a fitness centre.

Additionally, residents will benefit from 24/7 package concierge services and access to the McAlpine Creek Greenway.

Vista Residential Partners managing director and partner Alex Barroso said: "We are thrilled to start construction on our second project in North Carolina.

“McAlpine Vista is another testament to our dedication to establishing our portfolio across the Carolinas.”

Financing for McAlpine Vista has been secured through partnerships with Parse Capital, The Hartford, and a family office based in Philadelphia.

Legal representation for the project's closing was provided by Krevolin & Horst.

Vista Residential Partners CIO Scott Hartley said: “Alongside our institutional capital partners, Vista is excited to deliver this high-quality, development in Charlotte, NC.

“McAlpine Vista's differentiated amenity-set will set a new standard for living in the area.”

In July 2024, Vista Residential Partners commenced construction on Main Street Vista, a 277-unit mixed-use community in Holly Springs, NC.

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