Latest news with #NRPGroup
Yahoo
01-05-2025
- Business
- Yahoo
NRP Group acquires Matthews site for new development
Multifamily developer NRP Group has acquired a 15-acre site in Matthews where it will soon begin its next local project. Matthews apartment community built to keep up with population growth The Cleveland, Ohio-based developer paid $3.5 million in a sale that closed on April 28 for the property at 11347 Brigman Road in Matthews, according to the Mecklenburg County Register of Deeds. NRP Group acquired the property from Brigman Family Farm Properties, a private owner that has held the land since 1976. The development, called District at Matthews, will include 377 apartment units and about 19,000 square feet of ground-floor retail space. The plan calls for 7.5% of the total units to be affordable at 80% of the area median income for 20 years, according to previous CBJ reporting. Read more here. VIDEO: Matthews announces new police chief
Business Wire
30-04-2025
- 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
Yahoo
03-04-2025
- Business
- Yahoo
NRP Group names 3 new third-party construction VPs
This story was originally published on Multifamily Dive. To receive daily news and insights, subscribe to our free daily Multifamily Dive newsletter. Cleveland-based multifamily builder, developer and manager The NRP Group is expanding its third-party construction team with the hiring of three new regional vice presidents of construction business development: Kevin Glenn in Florida, Noah Soven for the Carolinas and Matt Tryder in the Northeast. The new vice presidents will report to Ted Kramer, executive vice president of construction. In their new roles, Glenn, Soven and Tryder will drive new business opportunities for the third-party construction division, expand its footprint and cultivate relationships. They will also be responsible for guiding projects from preconstruction to completion. Prior to his new role at NRP Group, Glenn served as the vice president of business development at Coastal Construction Co. and Austin Commercial, both based in Tampa, Florida. He has been in the construction industry for almost 30 years and has professional relationships with a network of owners, architects, consultants and subcontractors in Central Florida, according to the news release. 'I've seen firsthand the challenges developers face in getting projects off the ground,' said Glenn in the release. 'I'm excited to be part of a team that not only understands the industry inside and out, but also has the scale and strategic vision to drive real impact in the market.' Soven has more than 10 years of construction experience and has been a project lead and development manager at Maitland, Florida-based Williams Co., Las Vegas-based FORE Property Development and Alpharetta, Georgia-based Ashton Woods Homes. Most recently, he oversaw business development and sales at Carpinteria, California-based Procore Technologies. 'The Carolinas are experiencing a major push to build more affordable and workforce housing, with cities increasingly partnering with private developers to meet demand,' Soven said in the release. 'With NRP's strong relationships in the region and a robust pipeline of RFPs and business development opportunities across all product types, the timing couldn't be better to expand our third-party platform.' Tryder has more than 22 years of experience in multifamily housing and construction throughout New England and the Northeast. His past experience includes roles as a senior construction manager at Boca Raton, Florida-based Mill Creek Residential and Houston-based Hines. Sign in to access your portfolio
