IBM Drive at Catalyst Boulevard, Charlotte, NC 28262-3752

Foundry Commercial, a North Carolina Broker, Has Been Retained as The Exclusive Agent for The Owner of Innovation Park Multifamily (the “property”), a Unique Site Plan Approved for A Multifamily Development Opportunity for Up to 200 Units on 12.203 Acres. Located in The Thriving University City Submarket at The Intersection of Ibm Drive and Catalyst Boulevard in Northeast Charlotte, the Site Is Zoned Ur-2 (cd) with A Maximum Height of 65 Feet.

The Property Is Located Adjacent to Innovation Park, a 200-Acre, 1.9 Msf Campus Originally Developed by Ibm and Since Repositioned Into a Class A, Multi-Tenant Office Environment Featuring a Robust Amenity Base Designed to Accommodate Large-Scale Users. the Site Also Benefits from Its Proximity to University Research Park, One of The Largest Commercial Parks in The Nation, Featuring More than 11.5 Msf of Office Space Across 2,000+ Acres with Over 80,000 People. the Park’s Largest Employers Include Allstate, Axa, Duke Energy, Electrolux, Ibm, Rack Room Shoes, Tiaa, Wells Fargo, and Vanguard.

Innovation Park Multifamily Offers a Unique Opportunity to Capitalize on The Growing University City Submarket with Proximity to Both Uncc (8 Minutes) and Uptown Charlotte (15 Minutes), as Well as Amenities Such as Ike

The Innovation Park Submarket Benefits from Robust Multifamily Fundamentals with The Kendry, Novel University Place, and Finley on The Green Achieving Average Asking Rents of $1,721 ($1.92 Psf) with Garden and High-Density Surface Parked Product.