{"id":1004053600,"date":"2012-02-03T06:32:50","date_gmt":"2012-02-03T14:32:50","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=33864"},"modified":"2020-04-02T06:19:56","modified_gmt":"2020-04-02T14:19:56","slug":"30-million-residential-community-planned-for-queen-city-wake-forest-celebrates-opening-of-uptown-campus","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/30-million-residential-community-planned-for-queen-city-wake-forest-celebrates-opening-of-uptown-campus\/","title":{"rendered":"$30-million Residential Community Planned for Queen City; Wake Forest Celebrates Opening of Uptown Campus"},"content":{"rendered":"<p>By Amalia Otet, Associate Editor<\/p>\n<p>Orlando, Fla.-based Global Growth Trust Inc., a real estate investment trust focused on building a portfolio of real estate and real estate-related assets in the United States and abroad, recently announced plans to enter the Charlotte market by acquiring 13 acres of land in Queen City, this in partnership with an affiliate of Woodfield Investments LLC.<\/p>\n<p>&#8220;We are excited to expand our relationship with Woodfield Investments, who has the local market knowledge and expertise to develop exceptional new communities\u201d said Global Growth Trust President Andy Hyltin in a press release. &#8220;We believe it\u2019s a great time to be developing multifamily communities in the Southeast due to the favorable demand trends and attractive financing options in select growth markets.\u201d<\/p>\n<p>The joint venture plans to build a 297-unit, Class A garden-style apartment community with amenities such as a club room, cyber caf\u00e9, fitness center and resort style pool. Investment is expected to climb to $30 million, according to a <em>Charlotte Observer<\/em> story.<\/p>\n<p>This is not the first time the two companies have joined forces. Global Growth Trust partnered with Charlotte-based Woodfield Investments in May 2011 with plans to develop a 258-unit multifamily complex in Mount Pleasant, S.C.<\/p>\n<p>In other news, Wake Forest University celebrated the opening of its new campus in uptown Charlotte. The new, state-of-the-art facility provides 30,000 square <a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/02\/Wake-Forest-University-Center.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-33869\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/02\/Wake-Forest-University-Center.jpg\" alt=\"\" width=\"275\" height=\"203\" \/><\/a>feet of education space and is equipped with advanced technology such as SMART\u00ae Boards, LCD screens and web-enabled video cameras inside the classrooms. The boardroom features two-way video conferencing and silent Skyfold\u00ae walls to add versatility to multipurpose areas, according to university statements.<\/p>\n<p>The Wake Forest University Charlotte Center will initially be used for the university\u2019s MBA program for working professionals, as well as for executive and continuing education programs, as reported by the <em>Charlotte Observer<\/em>.<\/p>\n<p>For more local news from Charlotte, <a href=\"https:\/\/www.multihousingnews.com\/city-pages\/charlotte\" target=\"_blank\" rel=\"nofollow\">click here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Amalia Otet, Associate Editor<br \/>\nOrlando, Fla.-based Global Growth Trust Inc., a real estate investment trust focused on building a portfolio of real estate and real estate-related assets in the United States and abroad, recently announced plans to enter the Charlotte [&#8230;]<\/p>\n","protected":false},"author":1269,"featured_media":1004506177,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1582,21742],"tags":[],"class_list":["post-1004053600","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-charlotte","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>$30-million Residential Community Planned for Queen City; Wake Forest Celebrates Opening of Uptown Campus - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/30-million-residential-community-planned-for-queen-city-wake-forest-celebrates-opening-of-uptown-campus\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"$30-million Residential Community Planned for Queen City; Wake Forest Celebrates Opening of Uptown Campus\" \/>\n<meta property=\"og:description\" content=\"By Amalia Otet, Associate Editor Orlando, Fla.-based Global Growth Trust Inc., a real estate investment trust focused on building a portfolio of real estate and real estate-related assets in the United States and abroad, recently announced plans to enter the Charlotte [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/30-million-residential-community-planned-for-queen-city-wake-forest-celebrates-opening-of-uptown-campus\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2012-02-03T14:32:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-02T14:19:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Wake-Forest-University-Center.jpg?w=1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"the Editors of Commercial Property Executive\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/30-million-residential-community-planned-for-queen-city-wake-forest-celebrates-opening-of-uptown-campus\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/30-million-residential-community-planned-for-queen-city-wake-forest-celebrates-opening-of-uptown-campus\\\/\"},\"author\":{\"name\":\"the Editors of Commercial Property Executive\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1b82b91678533ae5d40e3240086a42bb\"},\"headline\":\"$30-million Residential Community Planned for Queen City; 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