Development Team
Grubb Properties is a primarily family-owned company founded in 1963 in Lexington, North Carolina. After an initial focus on building, financing and selling affordable homes to low-income families - most of whom not get access to funding any other way - the company has grown into one of North Carolina's premier real estate firms. Notable recent efforts have included: The Ratcliffe luxury condominiums on Tryon Street in Uptown Charlotte; Latta Pavilion, a mixture of streetscape retail and luxury condominiums on East Boulevard in the heart of Charlotte's historic Dilworth neighborhood; and Morrison, a 24-acre neighborhood featuring condominiums, apartments, restaurants, spas and boutique merchants just one block from Southpark Mall. The company is also leading the revitalization of a six-block district along landmark Elizabeth Avenue, just southeast of Uptown Charlotte. Over the past several decades, the company has sold over 3000 condominiums in North Carolina, making it one of the largest sellers of condominium homes in the state. Currently, Grubb Properties has approximately 100 employees, a management and/or leasing portfolio of nearly one million square feet of office and retail space, and a focus on revitalizing properties, land and communities in premier real estate markets. The company is headquartered in Charlotte and maintains offices in Raleigh and Lexington, North Carolina. For additional information, visit www.grubbproperties.com
Charlotte Housing Authority
The Charlotte Housing Authority's Real Estate Development area exists to provide the maximum number of high quality mixed income units that serve our target market and promote economic integration. In addition, this group is busy repositioning existing assets and seeking other development opportunities that are economically self-supporting.
The real estate development department is responsible for developing and/or acquiring mixed income communities that include public housing units. The group is also charged with expanding the pool of developers and funding sources available to CHA for future projects. Affordable housing developers that choose to do business with the Authority will have the benefit of a ready source of below-market financing and a per unit subsidy. The department has a strong record in mixed finance, leveraged development resulting in the successful completion of major redevelopments of four former public housing complexes. The CHA Real Estate Development department is very creative, production oriented and, sensitive to the needs of development partners.
The Communities Group
Since 1984 TCG Development Services, LLC has worked to support urban development and community revitalization. This goal is accomplished through the development of mixed income rental housing and homeownership programs, including the development and financing of urban infrastructure.
TCG Development Services, LLC is currently working to revitalize communities in 13 cities in Maryland; North Carolina; South Carolina; Minnesota; Ohio and Virginia. These projects include over 2,000 units, with a total project value of more than $250 million. Additionally, TCG Development Services is tracking an additional 15 projects, which could result in over 7,000 units, and more than $1 billion in total development. The objective for these major projects is improving the quality of life for families eligible for housing nationwide.
