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 www.nrpgroup.com.
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