S
terling Equities and Eden Multifamily, a joint venture with Peakline Real Estate Funds, have announced plans to develop a luxury townhome community in South Charlotte's Steele Creek neighborhood. The 23-acre site, acquired through the partnership, will feature 187 residential units upon completion.

    Eden Steele Creek will offer two- and three-bedroom townhomes with one or two-car garages, along with high-end community amenities such as a 5,000-square-foot clubhouse, pool, co-working space, gym, social center, dog parks, pet spa, and natural trail. The development is expected to be completed by August 2027.

    The joint venture aims to deliver a much-needed luxury townhome living option in the South Charlotte market, catering to residents seeking newly built homes with exceptional lifestyle amenities. "Eden Steele Creek will offer high-end features and quality finishes in one of the area's most desirable suburban neighborhoods," said Scott Phillips, Eden Senior Vice President Mid-Atlantic Development.

    The development is strategically located at the intersection of major transportation corridors Steele Creek Road and South Tryon Road, adjacent to Atrium Emergency Hospital. It also sits 12 miles from downtown Charlotte and 9 miles from Charlotte Douglas Airport, with access to the I-485 beltway nearby.

    Sterling Equities, a fully-integrated investment firm with holdings in real estate, media, and sports, partnered with Eden Multifamily to expand its multifamily investment platform throughout the Southeast. The partnership first announced plans to do so in 2022.