Trammell Crow Company Plans First Charlotte Apartment Project

One of Texas’ leading developers is gearing up for its first multifamily project in Charlotte.

High Street Residential, the multifamily arm of Dallas-based Trammell Crow Company, wants to rezone just over 32 acres at 12744 and 12752 North Tryon Street for an apartment development, the Charlotte Business Journal reported.

The development could include up to 190 units and incorporate a mix of attached duplexes, triplexes, quadplexes and stacked apartments, according to site plans.

CBRE-owned Trammell Crow reentered the Carolinas in 2021, opening a Raleigh office before expanding into Charlotte in 2023, where it’s pursuing industrial, multifamily and mixed-use developments. Last year, the firm was tapped to co-lead redevelopment of the Charlotte Pipe and Foundry site into a 7.75 million-square-foot mixed-use district called the Iron District, one of the city’s largest long-range development efforts.

High Street Residential has completed nearly $5 billion in multifamily development over the past 15 years and has more than 13,000 units in its development pipeline, according to the company.

This multifamily proposal signals the firm’s intent to explore lower-density multifamily formats in suburban and university-adjacent neighborhoods, as opposed to the typical high-rise product found closer to Uptown.

Tom Burr, who joined Trammell Crow last June to lead regional multifamily strategy, is expected to oversee the North Tryon project. Burr previously led development efforts for Crescent Communities and brings experience scaling mixed-housing product across fast-growing metros.

Other multifamily developments underway in Charlotte include Fairfield Residential’s 307-unit project in the Lockwood neighborhood, and the 287-unit Cordo apartment complex in the Mill District, which are set to be completed next year.

— Judah Duke