{"id":1004098441,"date":"2014-06-13T14:25:28","date_gmt":"2014-06-13T22:25:28","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=267390"},"modified":"2020-05-18T11:59:55","modified_gmt":"2020-05-18T19:59:55","slug":"vyne-on-central-completes-second-phase-creekside-apartments-refinanced","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/vyne-on-central-completes-second-phase-creekside-apartments-refinanced\/","title":{"rendered":"Vyne on Central Completes Second Phase; Creekside Apartments Refinanced"},"content":{"rendered":"<p><em>By Eliza Theiss, Associate Editor<\/em><\/p>\n<div id=\"attachment_267391\" class=\"wp-caption alignright\" style=\"width: 310px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/06\/Vyne-on-Central.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-267391\" title=\"Vyne on Central\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/06\/Vyne-on-Central.jpg\" alt=\"\" width=\"300\" height=\"225\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Vyne on Central<\/p>\n<\/div>\n<p>759 Ventures has completed the 65-unit second phase of Vyne on Central, a condo-turned-apartment project in Charlotte\u2019s Plaza-Midwood neighborhood, reports the <a href=\"https:\/\/www.bizjournals.com\/charlotte\/blog\/real_estate\/2014\/05\/759-ventures-completes-vyne-apartments-wins.html\" rel=\"nofollow\"><em>Charlotte Business Journal<\/em><\/a>.<\/p>\n<p>The company, which consist of the Mizzi family from Toronto and a team of real estate and investment professionals from across the U.S., purchased the formerly 33-unit project for $2.37 million in 2012 and bought out the 10 units that had sold as condos and proceeded to convert the entire asset to apartment, according to previous coverage by the <a href=\"https:\/\/www.bizjournals.com\/charlotte\/blog\/real_estate\/2013\/07\/real-estate-firm-reviving-vyne-and.html\" rel=\"nofollow\"><em>Charlotte Business Journal<\/em><\/a>. 759 Ventures broke ground on the two-building, 65-unit expansion in 2013. To date over a third of the new units have been leased.<\/p>\n<p>The Central Avenue apartment community offers amenities such as a tropical pool, community garden, grilling stations, fire pit, outdoor lounge, grassy pet area and the TreeHouse community room boasting a kitchen, lounge areas, wide screen TV, WiFi and the onsite leasing center.  Vyne on Central comprises one- and two-bedroom apartments ranging between 650 and 1,040 square feet in size. Rents start at $900 and go over $1,395. Apartment features include Energy Star appliances, energy-efficient windows and spacious balconies. The community is located three miles from Uptown Charlotte.<\/p>\n<div id=\"attachment_267392\" class=\"wp-caption alignleft\" style=\"width: 260px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/06\/Creekside-Apartments.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-267392\" title=\"Creekside Apartments\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/06\/Creekside-Apartments.jpg\" alt=\"\" width=\"250\" height=\"251\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Creekside Apartments<\/p>\n<\/div>\n<p>In other multifamily news, Brett Mason, vice president of NorthMarq Capital\u2019s Raleigh regional office, arranged a $6.1 million financing for the 118-unit Creekside Apartments in Hickory, N.C. NorthMarq arranged financing for the borrower through its Fannie Mae DUS platform. The loan is structured on a 10-year term and 30-year amortization schedule.<\/p>\n<p>Creekside Apartments features one-, two- and three-bedroom apartments ranging between 780 and 1,200 square feet, renting between $613 and over $858 per month. Community amenities include a fitness center, resort-style pool and gazebo, picnic and grill areas, lighted sports court, and mature landscaping throughout the community\u2019s 10-acre site.<\/p>\n<p><em><a href=\"https:\/\/www.multihousingnews.com\/market-data\/market-snapshot-charlotte-apartment-market-on-the-rise-sales-rents-and-vacancies-to-climb-in-2014\/1004100679.html\" rel=\"nofollow\" >Click here<\/a> for further Charlotte market data<\/em><\/p>\n<p><em>Image credits Vyne on Central via Facebook and NorthMarq<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Real estate firm 759 Ventures has completed the 65-unit second phase of Vyne on Central, a condo-turned-apartment project in Charlotte&rsquo;s Plaza-Midwood neighborhood<\/p>\n","protected":false},"author":49,"featured_media":0,"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":[1815],"class_list":["post-1004098441","post","type-post","status-publish","format-standard","hentry","category-charlotte","category-latest","tag-national"],"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>Vyne on Central Completes Second Phase; Creekside Apartments Refinanced - 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\/vyne-on-central-completes-second-phase-creekside-apartments-refinanced\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Vyne on Central Completes Second Phase; Creekside Apartments Refinanced\" \/>\n<meta property=\"og:description\" content=\"Real estate firm 759 Ventures has completed the 65-unit second phase of Vyne on Central, a condo-turned-apartment project in Charlotte&rsquo;s Plaza-Midwood neighborhood\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/vyne-on-central-completes-second-phase-creekside-apartments-refinanced\/\" \/>\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=\"2014-06-13T22:25:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-18T19:59:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/06\/Vyne-on-Central.jpg\" \/>\n<meta name=\"author\" content=\"Eliza Theiss\" \/>\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\\\/vyne-on-central-completes-second-phase-creekside-apartments-refinanced\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/vyne-on-central-completes-second-phase-creekside-apartments-refinanced\\\/\"},\"author\":{\"name\":\"Eliza Theiss\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/de1353a5de72f96494054df3ecca7de4\"},\"headline\":\"Vyne on Central Completes Second Phase; 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