Middleburg Communities is coming to Huntersville

July 28. There’s a new housing product out there and it’s coming to Huntersville. Middleburg Communities plans to develop a “build-to-rent” neighborhood with 265 single-family homes on Old Statesville Road.

Hamlet Huntersville will be a fully-amenitized built-to-rent community on 44-acres. The single-family detached cottages and townhome units will average 1,230 square feet. Construction is expected to commence in September.

Growing market segment

Austin Knapp, partner, said Middleburg Communities is building high-quality, attainable rental housing—a high-growth market segment with considerable investor interest.

“Our proprietary research projects this growth to continue over the long-term, especially as individuals and families prioritize a higher quality of life, a lower cost of living and warmer temperatures – all of which Charlotte offers,” Knapp said.

He said the Hamlet brand will inject a much-needed rental supply into the growing Charlotte MSA, which has seen a 3.8% net growth in jobs since 2020.

Details

Hamlet Huntersville will offer the privacy and green outdoor spaces synonymous with traditional single-family living with a variety one-, two-, and three-bedroom floorplans. A clubhouse with pool and amenity center will anchor the community which will consist of 187 cottages and 15 townhome buildings. Rents have not been determined.

Background

Huntersville has consistently ranked among the top places in the country to raise a family and is the fastest growing town in Mecklenburg County. Hamlet Huntersville is near the 500-acre Bryton mixed-use development, which is planned for 1 million square feet of retail and 2 million square feet of commercial space.

Quotable

“Charlotte needs a premium product that will meet the demand of its growing population. The demographics of today’s average renter is changing. Millennials now have families, and they’re met with aging rental units and limited new supply in some of the best job markets across the country. Our Hamlet communities seek to fill that gap where growing families and single professionals can coexist in professionally managed communities proximate to where they want to live, work and play.”

—Steve Farmartino, Vice President of Development
Middleburg Carolinas Region