High Real Estate Group LLC held a groundbreaking for a new luxury, four-story apartment complex in the Charlotte suburb of Mallard Pointe. Located on an 11.76-acre tract at 11030 David Taylor Drive, Mallard Pointe will offer 260 one-, two-, and three-bedroom units with upscale finishes in three elevatored buildings. The apartments will be available for lease in fall 2020.
“The community at Mallard Pointe will provide the luxury lifestyle that is in demand among millennials and baby boomers,” said Brad Mowbray, senior vice president & managing director – residential division, High Associates Ltd. “This is an outstanding project that addresses the high end of the Charlotte rental market.”
Mallard Pointe comprises 270,690 square feet and is located within a short walk of the Cochrane Commons shopping center, which is anchored by a Harris Teeter grocery store. The site abuts University Research Park, is proximate to I-485 and I-85, and is a 30-minute drive from downtown. The major attractions of Reedy Creek Nature Center & Nature Preserve, Sea Life Center-Charlotte and Charlotte Motor Speedway are nearby, as are Mallard Creek High School and several large employers including the University of North Carolina. Residents will have a short drive to five golf courses and the retail shopping corridors on I-85 and I-77.