Top Multifamily Townhome Developers in North Carolina
A surprise state seems a current hotbed for multifamily townhome development. The usual suspects like Texas, New York, California, and Florida have lots of their own planned multifamily townhome projects. Despite that, though, it’s North Carolina with three cities among the nation’s leaders in multifamily townhome projects. As such, we’re doing a deep dive into the top multifamily townhome developers in North Carolina.
Read on for a statistical overview of North Carolina’s planned multifamily townhome construction pipeline, as well as its top developers and MultiFamilyData project reports for a few of those developers’ notable projects.
North Carolina’s Multifamily Townhome Planned Construction Pipeline
Here are a few figures to keep an eye on as you get a sense for North Carolina’s multifamily townhome pipeline. Clearly, far more projects are for sale than are for rent, and the large majority of projects are still in planning stages, awaiting the commencement of construction. If you’re interested in more planned construction pipelines, click here to check out market leaders for all of our verticals.
Charlotte, Raleigh, and Durham lead North Carolina in planned multifamily townhome projects.
Top Multifamily Townhome Developers in North Carolina
According to MultiFamilyData from BuildCentral, as of 6.15.22, the top multifamily townhome developers in North Carolina are as follows:
Who are the top multifamily townhome developers in North Carolina?
Notable Multifamily Townhome Projects in North Carolina
Friendship Station Townhomes
M/I Homes is the developer for this under-construction project.
| Construction Type: | New | # of Units: | 89 |
| Project Type: | For Sale | Building Type: | Townhome |
| Estimated Value: | $11 million | ||
| Sector: | Private | Product Type: | Market Rate |
| Location: | Apex, NC 27502. 3108 Dallas Valley Lane |
| Details: | Plans call for 89 townhomes. Amenities will include a pool and clubhouse, two play lawns, a recreational field and walking trails. |
| Stage: | Early Construction |
| Construction Start: | 5/2022 |
| Construction End: | Q1/2023 |
Hawfields Landing Townhomes
LeoTerra Development is responsible for this planned multifamily townhome project.
| Construction Type: | New | # of Units: | 184 |
| Project Type: | For Sale | Building Type: | Townhome |
| Estimated Value: | $18 million | ||
| Sector: | Private | Product Type: | Market Rate |
| Location: | Mebane, NC 27302. NC Hwy 119 and Turner Rd |
| Details: | Plans call for the construction of 184 townhomes with selling prices starting at $400,000 as part of the proposed Hawfields Landing subdivision on roughly 149 acres. |
| Stage: | Planning (Active) |
Forestville Station Townhomes
Taylor Morrison Homes Inc. is a developer for this multifamily townhome project in planning.
| Construction Type: | New | # of Units: | 160 |
| Project Type: | For Sale | Building Type: | Townhome |
| Estimated Value: | $5-$25 million | ||
| Sector: | Private | Product Type: | Market Rate |
| Location: | Wake Forest, NC 27587. 2701 Forestville Rd |
| Details: | Plans call for the construction of 160 townhomes built in two phases on 34.92 acres. Phase 1 will contain 88 townhomes and Phase 2 will contain 72 townhomes. |
| Stage: | Planning (Active) |
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