Northmarq’s Charlotte Multifamily Investment Sales team leads sale of 8.35-acre development tract in Charlotte MSA
GASTONIA, N.C. (April 11, 2025) — Northmarq’s Charlotte Multifamily Investment Sales team led by Managing Director Eric Liebich and supported by Ron Corrao, Scott Fuller, Matt Weinstein, Dane Lozier and Dominic Bologna successfully led the $1.7 million sale of a roughly 8.35-acre development tract for the planned Bolding Street Lofts — an affordable housing community at 306 Bolding St. in Gastonia, N.C.
The Northmarq brokerage team sourced the seller and the buyer off-market. The buyer was Wynnefield Forward, LLC — a prominent North Carolina-based developer of new construction affordable multifamily apartment communities. The seller was a private owner.
“We’re thrilled to have facilitated this transaction,” Liebich said. “The site’s location, zoning, and development potential make it an exceptional opportunity for Wynnefield in their efforts to help meet the affordable housing needs of the immediate submarket.”
The planned development will be branded as the Bolding Street Lofts and will feature six three-story buildings totaling 168 units across a variety of one-, two- and three-bedroom floor plans. The community will also include a clubhouse, picnic and grilling area, playground area and a dedicated surface parking lot.
“The property’s proximity to commercial services and it’s connectivity to major thoroughfares make this site an ideal location for residential development,” said Davis Ray, Director of Development at Wynnefield. “Future residents will benefit greatly from the projects thoughtful design and the site’s ideal location.”
Conveniently located near the intersection of U.S. Highway 74 and S Myrtle School Rd, the Bolding Street Lofts development tract is within proximity to retail, groceries and restaurants, and it is a short drive from Interstate 85 access. It is roughly two miles from downtown Gastonia and roughly 26 miles from Uptown Charlotte.
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