$84 million mixed-income housing development to come to Uptown

January 18, 2023

by Amanda Harry, QCityMetro

The mixed-income community will have 106 units available for residents who earn $22,600 – $60,300 annually.

INLIVIAN and Urban Atlantic secured $84 million in construction funding for “Trella Uptown,” a mixed-income apartment community that will be located at 426 N. Tryon Street. It will have 106 units available for residents who earn $22,600 – $60,300 annually.

The announcement comes as Charlotte’s housing market seems to become rapidly less affordable for many working and middle-class families.

Trella Uptown is planned to offer resident-supportive services like employment readiness services, after-school programming for youth, child literacy classes, family counseling and life coaching.

The complex will be located near employment, cultural and educational centers, and two LYNX light rail stations.

Contributors to the $84 million in funding include:

Chase: $50 million
Aetna: $16 million
Horizon Development Properties: $7.8 million
Mecklenburg County: $6 million
City of Charlotte: $3.2 million

Trella Uptown is described as being a “first-of-its-kind” in the state of North Carolina.

“To our knowledge, this is the first apartment community to have units serving this wide range of incomes all in one Class-A apartment building in a top apartment submarket, spread seamlessly throughout the building,” Caroline Kenney, managing director of public-private ventures, told QCity Metro.

Kenney said the market rate rents will be set according to the rate when the community opens in December 2024.

Read more at QCityMetro.com

The Charlotte Journalism Collaborative is supported by the Local Media Project, an initiative launched by the Solutions Journalism Network with support from the Knight Foundation to strengthen and reinvigorate local media ecosystems.

About The Project

Solutions Journalism Network launched the Charlotte Journalism Collaborative in 2019, a partnership of six major media companies and other local institutions focusing on issues of major importance to the Charlotte region. The collaborative is supported by $150,000 from the John S. and James L. Knight Foundation, as part of its $300 million commitment to rebuild the future of local journalism, essential to a functioning democracy.

The Charlotte Journalism Collaborative (CJC) is modeled on the Solutions Journalism Network method of investigating and reporting news with a primary focus on solutions to community problems. “At a time when local journalism jobs are disappearing and trust in media has hit an all-time low, the Solutions Journalism Network has taken on the challenge by organizing collaborative journalism reporting projects that promote excellent reporting and civic dialogue. the model has the potential to be part of a new wave of great local reporting, which is vital to building strong communities,” said Karen Rundlet, Knight Foundation director for journalism.

$84 million mixed-income housing development to come to Uptown

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