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The NRP Group Breaks Ground on 377-Unit Luxury Community in Matthews, North Carolina
The NRP Group Breaks Ground on 377-Unit Luxury Community in Matthews, North Carolina

Business Wire

time30-04-2025

  • Business
  • Business Wire

The NRP Group Breaks Ground on 377-Unit Luxury Community in Matthews, North Carolina

CHARLOTTE, N.C.--(BUSINESS WIRE)-- The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, today announced the financial close and groundbreaking of a 377-unit upscale multifamily community in Matthews, North Carolina. The new development, which includes 18,900 square feet of commercial retail space, will provide housing for working professionals and growing families in search of premium living accommodations with expansive outdoor greenspace and nearby recreational opportunities. The development will reserve 7.5% of units for families earning 80% or less than the Area Median Income (AMI). 'The Matthews represents a rare opportunity to deliver high-quality housing in one of the most supply-constrained submarkets in the Charlotte region,' said Jason Mochizuki, Vice President at NRP Group. 'Matthews has long been known for its high barriers to entry and thoughtful approach to growth, which makes this groundbreaking all the more meaningful. We're especially excited about the site's direct connection to the Sportsplex and nearby trail system, which really speaks to the outdoor lifestyle many residents are looking for. With best-in-class amenities, a scenic and walkable location, and easy access to both downtown Matthews and key employment centers across Charlotte, The Matthews is well-positioned to become a flagship community for the area.' Located at 11330 Brigman Road along Sports Parkway, the 15-acre site is a 20-minute drive from major employment centers in the Charlotte metro area, offering easy access to South End, Uptown, SouthPark and Ballantyne. The community is conveniently located along Interstate 485 across from The Mecklenburg County Sportsplex, a massive young adult and amateur sports hub equipped with 11 multipurpose athletic fields and 5,000 stadium seats. The new development will consist of three, four- to five-story residential buildings offering a mix of one-, two- and three-story floorplans with a four-level parking garage and a clubhouse. Resident amenities include a resort-style outdoor pool, dog park, fitness center, a business center with coworking space and a retail cafe. The project's design draws inspiration from surrounding structures in the city of Matthews, incorporating sleek modern architecture to align with the fabric of the town. A core component of the project is its direct connection to a four-mile bike and walking trail that provides convenient access to downtown Matthews. Additional outdoor features include a 7,500-square-foot terrace system with 35,000 square feet of ample green space with public seating. NRP Group has also commissioned the installation of public art near the entrance of the clubhouse. Mochizuki added: 'Placemaking is a key pillar of this development. The inclusion of plaza spaces, a multi-level terrace system, and semi-public amenity areas were thoughtfully planned to encourage connection among residents as well as the broader Matthews community. These spaces are designed to accommodate everything from every day gatherings to public events and concerts, helping to foster a vibrant, activated environment that brings people together.' The project will break ground in late April, with completion scheduled for November 2026. About The NRP Group The NRP Group is a vertically integrated developer, owner, builder, and manager of best-in-class multifamily housing with a mission to create exceptional rental housing communities for individuals and families, regardless of income. Since its founding in 1994, NRP has developed more than 62,000 apartment homes and currently manages over 30,000 residential units. Through its disciplined approach to vetting opportunities, NRP has established a track record of delivering impressive returns for investors. The company's formidable size and depth of talent provide the experience and infrastructure necessary to execute developments of varying degrees of complexity and scope in both urban-infill and suburban locations, including market-rate, affordable, mixed-income, and senior housing. The NRP Group has been consistently named a largest developer and builder in the U.S. on the NMHC 'Top 50' lists, the Top 5 on the Multi-Housing News' 'Top Multifamily Developers' list, named a Top Affordable Housing Developer by Affordable Housing Finance, and has won three NAHB Pillar awards since 2020 for Development, Construction and Ones to Watch. The NRP Group has become the top multifamily developer in the U.S. that creates both affordable and market-rate housing at a national scale. Based on over 30 years of experience and expertise, NRP provides construction and property management services to outside owners and developers. For additional information, visit

Japanese look for creative ways to fight soaring food prices
Japanese look for creative ways to fight soaring food prices

Japan Times

time31-01-2025

  • General
  • Japan Times

Japanese look for creative ways to fight soaring food prices

Japanese homemaker Kirina Mochizuki has always considered okonomiyaki savory pancakes the ultimate comfort food: simple, satisfying and cheap. These days, though, it's a struggle to get the dish, a favorite among Hiroshima natives like herself, on the table. With the price of cabbage — a key ingredient — tripling recently, Mochizuki makes daily trips to the supermarket in search of discounted produce, or resorts to using dried seaweed. "I never imagined that okonomiyaki would become a delicacy," the mother-of-two said, adding she had also taken to regrowing leek in a glass of water using the usually discarded root base.

Homegrown veg, cheap substitutes: Japanese get creative to fight soaring food prices
Homegrown veg, cheap substitutes: Japanese get creative to fight soaring food prices

Yahoo

time31-01-2025

  • Business
  • Yahoo

Homegrown veg, cheap substitutes: Japanese get creative to fight soaring food prices

By Mariko Katsumura and Kaori Kaneko TOKYO (Reuters) - Japanese homemaker Kirina Mochizuki has always considered "okonomiyaki" savoury pancakes the ultimate comfort food: simple, satisfying and cheap. These days, though, it's a struggle to get the dish, a favourite among Hiroshima natives like herself, on the table. With the price of cabbage - a key ingredient - tripling recently, Mochizuki makes daily trips to the supermarket in search of discounted produce, or resorts to using dried seaweed. See for yourself — The Yodel is the go-to source for daily news, entertainment and feel-good stories. By signing up, you agree to our Terms and Privacy Policy. "I never imagined that okonomiyaki would become a delicacy," the mother-of-two said, adding she had also taken to re-growing leek in a glass of water using the usually discarded root base. With inflation taking hold in Japan after a generation of stagnant prices, many consumers are facing a similar plight, and looking for creative solutions to ease the pain. Data on Friday showed the average price of cabbage more than tripling this month in the capital, Tokyo, from a year ago. The Bank of Japan hiked interest rates to the highest in 17 years last week citing confidence in the outlook for salaries. But inflation-adjusted wages have fallen in 29 of the last 32 months while the Engel's coefficient, or the share of households' spending on food, hit a four-decade high last year. The price of a head of cabbage reaching 1,000 yen ($6.43) in Tokyo - roughly equivalent to an hourly wage - had already made headlines even before Friday's data, and the central bank noted last week that rice would probably stay expensive until the spring of 2026. Wholesale rice prices surged 60% in December from the same period a year earlier. As the price of agricultural products has risen, Japanese have also been eating less of them. The average intake of vegetables among Japanese adults fell to an all-time low in November, the most recent government data shows. Meanwhile, cheap "furikake", or dried condiments sprinkled on rice, are being used as a substitute for other dishes on the dinner table. Sales last year are expected to have reached a record high, according to research firm Fuji Keizai. "A 10-yen rise in our daily goods might seem small but it adds up," Mochizuki said, noting that she had already shaved what she could from other spending. Worried about the impact of rising prices on voter sentiment, the government last year compiled an economic stimulus package that includes cash payouts to low-income households. And in a first, the farm ministry is considering drawing up new rules to allow the government to sell stockpiled rice to agricultural cooperatives with the aim of bringing down retail prices. LIVING ROOM FARMING For YouTuber Kazuki Nakata, the recent price trends have proved to be a boon. Having started indoor farming at home as a hobby during the pandemic, the 37-year-old now has nearly 90,000 subscribers eager to learn how to stretch out store-bought vegetables and grow new ones in containers of water, without soil. "I've seen 4,500 new followers in the past two weeks," he told Reuters at his home in Kawasaki, outside Tokyo, this week. Nakata quit his job at an electronics retailer in 2023 to focus on the 47 types of vegetables he currently grows all over his house. Everything from shiso leaves, onions and daikon radish thrive in empty plastic bottles, beer cans and even the basket of his bicycle. Growing vegetables at home isn't without its challenges. Nakata's family has had to sleep without air conditioning on sweltering summer nights, and his wife complains that she can't breast-feed her newborn in the living room because the curtains need to be open to ensure the leafy greens get their sunlight. Still, with vegetable prices so high, Nakata says the sacrifices have paid off. He recently succeeded in cultivating a robust patch of cabbage leaves in a kitchen bowl using the inedible core and liquid fertilisers - the subject of his next video on YouTube. "Home gardening has really helped us slash our spending on food, so I want to share my findings," he said. ($1 = 155.5400 yen)

Homegrown veg, cheap substitutes: Japanese get creative to fight soaring food prices
Homegrown veg, cheap substitutes: Japanese get creative to fight soaring food prices

Reuters

time31-01-2025

  • Business
  • Reuters

Homegrown veg, cheap substitutes: Japanese get creative to fight soaring food prices

TOKYO, Jan 31 (Reuters) - Japanese homemaker Kirina Mochizuki has always considered "okonomiyaki" savoury pancakes the ultimate comfort food: simple, satisfying and cheap. These days, though, it's a struggle to get the dish, a favourite among Hiroshima natives like herself, on the table. With the price of cabbage - a key ingredient - tripling recently, Mochizuki makes daily trips to the supermarket in search of discounted produce, or resorts to using dried seaweed. "I never imagined that okonomiyaki would become a delicacy," the mother-of-two said, adding she had also taken to re-growing leek in a glass of water using the usually discarded root base. With inflation taking hold in Japan after a generation of stagnant prices, many consumers are facing a similar plight, and looking for creative solutions to ease the pain. Data on Friday showed the average price of cabbage more than tripling this month in the capital, Tokyo, from a year ago. The Bank of Japan hiked interest rates to the highest in 17 years last week citing confidence in the outlook for salaries. But inflation-adjusted wages have fallen in 29 of the last 32 months while the Engel's coefficient, or the share of households' spending on food, hit a four-decade high last year. The price of a head of cabbage reaching 1,000 yen ($6.43) in Tokyo - roughly equivalent to an hourly wage - had already made headlines even before Friday's data, and the central bank noted last week that rice would probably stay expensive until the spring of 2026. Wholesale rice prices surged 60% in December from the same period a year earlier. As the price of agricultural products has risen, Japanese have also been eating less of them. The average intake of vegetables among Japanese adults fell to an all-time low in November, the most recent government data shows. Meanwhile, cheap "furikake", or dried condiments sprinkled on rice, are being used as a substitute for other dishes on the dinner table. Sales last year are expected to have reached a record high, according to research firm Fuji Keizai. "A 10-yen rise in our daily goods might seem small but it adds up," Mochizuki said, noting that she had already shaved what she could from other spending. Worried about the impact of rising prices on voter sentiment, the government last year compiled an economic stimulus package that includes cash payouts to low-income households. And in a first, the farm ministry is considering drawing up new rules to allow the government to sell stockpiled rice to agricultural cooperatives with the aim of bringing down retail prices. LIVING ROOM FARMING For YouTuber Kazuki Nakata, the recent price trends have proved to be a boon. Having started indoor farming at home as a hobby during the pandemic, the 37-year-old now has nearly 90,000 subscribers, opens new tab eager to learn how to stretch out store-bought vegetables and grow new ones in containers of water, without soil. "I've seen 4,500 new followers in the past two weeks," he told Reuters at his home in Kawasaki, outside Tokyo, this week. Nakata quit his job at an electronics retailer in 2023 to focus on the 47 types of vegetables he currently grows all over his house. Everything from shiso leaves, onions and daikon radish thrive in empty plastic bottles, beer cans and even the basket of his bicycle. Growing vegetables at home isn't without its challenges. Nakata's family has had to sleep without air conditioning on sweltering summer nights, and his wife complains that she can't breast-feed her newborn in the living room because the curtains need to be open to ensure the leafy greens get their sunlight. Still, with vegetable prices so high, Nakata says the sacrifices have paid off. He recently succeeded in cultivating a robust patch of cabbage leaves in a kitchen bowl using the inedible core and liquid fertilisers - the subject of his next video on YouTube. "Home gardening has really helped us slash our spending on food, so I want to share my findings," he said. ($1 = 155.5400 yen)

Homegrown veg, cheap substitutes: Japanese get creative to fight soaring food prices
Homegrown veg, cheap substitutes: Japanese get creative to fight soaring food prices

Yahoo

time31-01-2025

  • Business
  • Yahoo

Homegrown veg, cheap substitutes: Japanese get creative to fight soaring food prices

By Mariko Katsumura and Kaori Kaneko TOKYO (Reuters) - Japanese homemaker Kirina Mochizuki has always considered "okonomiyaki" savoury pancakes the ultimate comfort food: simple, satisfying and cheap. These days, though, it's a struggle to get the dish, a favourite among Hiroshima natives like herself, on the table. With the price of cabbage - a key ingredient - tripling recently, Mochizuki makes daily trips to the supermarket in search of discounted produce, or resorts to using dried seaweed. "I never imagined that okonomiyaki would become a delicacy," the mother-of-two said, adding she had also taken to re-growing leek in a glass of water using the usually discarded root base. With inflation taking hold in Japan after a generation of stagnant prices, many consumers are facing a similar plight, and looking for creative solutions to ease the pain. Data on Friday showed the average price of cabbage more than tripling this month in the capital, Tokyo, from a year ago. The Bank of Japan hiked interest rates to the highest in 17 years last week citing confidence in the outlook for salaries. But inflation-adjusted wages have fallen in 29 of the last 32 months while the Engel's coefficient, or the share of households' spending on food, hit a four-decade high last year. The price of a head of cabbage reaching 1,000 yen ($6.43) in Tokyo - roughly equivalent to an hourly wage - had already made headlines even before Friday's data, and the central bank noted last week that rice would probably stay expensive until the spring of 2026. Wholesale rice prices surged 60% in December from the same period a year earlier. As the price of agricultural products has risen, Japanese have also been eating less of them. The average intake of vegetables among Japanese adults fell to an all-time low in November, the most recent government data shows. Meanwhile, cheap "furikake", or dried condiments sprinkled on rice, are being used as a substitute for other dishes on the dinner table. Sales last year are expected to have reached a record high, according to research firm Fuji Keizai. "A 10-yen rise in our daily goods might seem small but it adds up," Mochizuki said, noting that she had already shaved what she could from other spending. Worried about the impact of rising prices on voter sentiment, the government last year compiled an economic stimulus package that includes cash payouts to low-income households. And in a first, the farm ministry is considering drawing up new rules to allow the government to sell stockpiled rice to agricultural cooperatives with the aim of bringing down retail prices. LIVING ROOM FARMING For YouTuber Kazuki Nakata, the recent price trends have proved to be a boon. Having started indoor farming at home as a hobby during the pandemic, the 37-year-old now has nearly 90,000 subscribers eager to learn how to stretch out store-bought vegetables and grow new ones in containers of water, without soil. "I've seen 4,500 new followers in the past two weeks," he told Reuters at his home in Kawasaki, outside Tokyo, this week. Nakata quit his job at an electronics retailer in 2023 to focus on the 47 types of vegetables he currently grows all over his house. Everything from shiso leaves, onions and daikon radish thrive in empty plastic bottles, beer cans and even the basket of his bicycle. Growing vegetables at home isn't without its challenges. Nakata's family has had to sleep without air conditioning on sweltering summer nights, and his wife complains that she can't breast-feed her newborn in the living room because the curtains need to be open to ensure the leafy greens get their sunlight. Still, with vegetable prices so high, Nakata says the sacrifices have paid off. He recently succeeded in cultivating a robust patch of cabbage leaves in a kitchen bowl using the inedible core and liquid fertilisers - the subject of his next video on YouTube. "Home gardening has really helped us slash our spending on food, so I want to share my findings," he said. ($1 = 155.5400 yen)

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