{"id":1004112425,"date":"2015-02-03T05:52:49","date_gmt":"2015-02-03T13:52:49","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=321881"},"modified":"2020-05-19T23:16:14","modified_gmt":"2020-05-20T07:16:14","slug":"jlb-partners-open-350-unit-allure-luxury-apartment-community","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jlb-partners-open-350-unit-allure-luxury-apartment-community\/","title":{"rendered":"SPOTLIGHT ON CHARLOTTE: JLB Opens 350-Unit Allure Luxury Apartment Community"},"content":{"rendered":"<p><em>By Eliza Theiss, Associate Editor<\/em><\/p>\n<div id=\"attachment_321882\" class=\"wp-caption alignright\" style=\"width: 310px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/01\/Allure-Charlotte.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-321882\" title=\"Allure\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/01\/Allure-Charlotte.jpg\" alt=\"\" width=\"300\" height=\"200\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Allure<\/p>\n<\/div>\n<p>JLB Partners LP has held a ribbon cutting ceremony for the 350-unit Allure, Charlotte\u2019s newest luxury apartment community. Located in Charlotte\u2019s upscale SouthPark neighborhood, the Class A+ apartment community broke ground in May 2013. Allure was developed by Dallas-headquartered JLB Partners LP, a national developer, builder and manager of Class A multifamily assets with JLB Builders LLC onboard as general contractor.<\/p>\n<p>Allure comprises 350 one-and two-bedroom units ranging between 686 square feet and 1,531 square feet. Unit features include private balconies, walk-in closets, 10-foot ceilings, hardwood floors, granite countertops, stainless steel, Energy Star appliances, designer lighting, full-size washer and dryer, built-in wine rack and studies.  Community amenities include a multi-level parking facility, pool with an in-water tanning deck, grilling areas complete with high-end outdoor cooking equipment, outdoor fire pit, outdoor lounge with fire place and TV, landscaped courtyard with splashpad as well as a relaxation courtyard. Indoor community amenities include a 24-hour wellness center, business center featuring Macs and PCs, entertainment lounge complete with bar, Wi-Fi caf\u00e9 and TV gallery, elevators and controlled access.<\/p>\n<p>JLB\u2019s previous Charlotte projects include the 366-unit Venue, which was sold in early 2015 to a joint venture formed by TriBridge Residential and Stockbridge Capital. According to the <em><a href=\"https:\/\/www.bizjournals.com\/charlotte\/blog\/real_estate\/2015\/01\/stockbridge-buys-venue-apartments-in-elizabeth-for.html\" rel=\"nofollow\">Charlotte Business Journal<\/a><\/em>, JLB cashed in $88 million for that sale, about one year after selling Junction 1504 for $59 million. <em><a title=\"Luxury Apartments Sell for $59M in Charlotte\" href=\"https:\/\/www.multihousingnews.com\/cities\/charlotte\/luxury-apartments-sell-for-59m-in-charlotte\/1004096188.html\" rel=\"nofollow\">As previously reported<\/a><\/em>, the 281-unit South End community was picked up by Invesco Real Estate.<\/p>\n<p><a title=\"MARKET SNAPSHOT: Charlotte Apartment Market on the Rise: Sales, Rents and Vacancies to Climb in 2014\" 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\"> <\/a><em><a title=\"MARKET SNAPSHOT: Charlotte Apartment Market on the Rise: Sales, Rents and Vacancies to Climb in 2014\" 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 via Allure Charlotte<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Riding Charlotte&#8217;s hunger-for-apartments wave, JLB Partners has launched the 350-unit Allure, the city&#8217;s newest luxury apartment community.<\/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],"tags":[],"class_list":["post-1004112425","post","type-post","status-publish","format-standard","hentry","category-charlotte"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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