Jan. 5, 2023
CHARLOTTE, N.C. — Nelson Mullins attorneys represented the Paces Foundation and Soho Housing in a joint partnership to build a new 120-unit apartment community to serve the needs of Charlotte’s seniors.
Located within Charlotte’s historic West Boulevard Neighborhood, the project honors its namesake, Nathaniel Carr. Carr was a Black farmer and developer, who along with his wife Lizzie, established the Carr Heights neighborhood for Black homebuyers in 1924.The projected $31 million project is financed in partnership with Fifth-Third Bank, Raymond James Financial, LISC, Barings, and the City of Charlotte.
With an anticipated completion date of spring 2024, Nathaniel Carr Senior Apartments will feature modern one- and two-bedroom apartments for seniors 55+ with incomes between 30% and 80% of the area median income.
Established in 1897, Nelson Mullins is an Am Law 100 firm that has more than 1,000 attorneys and government relations professionals with offices in 15 states and Washington, D.C. For more information, go to www.nelsonmullins.com.
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