By Staff
Charlotte sets a new standard for mixed-income housing with a bold addition to the city skyline
INLIVIAN and Urban Atlantic celebrated the grand opening of Trella Uptown, a first-of-its-kind mixed-income, mixed-use residential community located in the heart of Uptown Charlotte at 426 N. Tryon Street.
Situated within the city’s central business district, Trella Uptown expands access to Uptown living by offering Class A apartments with premier amenities that are affordable, accessible, and seamlessly connected to jobs, transit, and daily life. The community creates new opportunities for residents to live, work, and thrive in Charlotte’s economic center.
Trella Uptown was developed through a public-private partnership led by INLIVIAN, Urban Atlantic, a national mixed-use housing developer, and Horizon Development Properties (HDP) Inc., INLIVIAN’s development subsidiary. The development brings together market-rate and attainable homes alongside retail and shared community spaces, creating a vibrant, inclusive destination. Residents benefit from a robust amenity experience designed to support wellness and connection, including a spa-style pool, rooftop terrace, co-working café, fitness center, maker space, dog park, and pickleball courts.
“Trella Uptown reflects what is possible when we are intentional about creating housing that welcomes everyone,” said Fulton Meachem, President and CEO of INLIVIAN. “We are proud to introduce Charlotte’s first mixed-income and mixed-use community of this scale in North Carolina. This development delivers high-quality, affordable housing at the center of opportunity, where employment, transportation, and services come together.”
“Developments like Trella Uptown demonstrate how thoughtful design and strong partnerships can expand access to high-quality housing in places where it has historically been out of reach,” said Mo McRae, Chief Development Officer of HDP. “By blending affordability, market-rate housing, and shared community space, this project sets a new standard for inclusive urban development in Charlotte.”
The community includes 353 one-, two-, and three-bedroom apartments, with 70 percent designated as market-rate and 30 percent as attainable homes. All residences feature high-quality finishes. Trella Uptown is located within one and a half blocks of the Market at 7th Street and the 7th Street and 9th Street LYNX Blue Line light rail stations, providing convenient access to major employers and destinations throughout Uptown.
Financing for Trella Uptown reflects a strong commitment to inclusive growth, combining public and private resources, including Low-Income Housing Tax Credits, city and county housing investments, and private lending.
President and CEO of INLIVIAN
About the Project
Led by INLIVIAN’s development subsidiary, Horizon Development Properties (HDP) Trella Uptown is a 353-unit luxury mixed-income apartment community to be built at 426 N. Tryon Street in Charlotte. The development increases accessibility of attainable housing for working families in one of Charlotte’s most desirable neighborhoods.
Chase provided two separate construction loans, with $50.6 million for building 247 market units and an additional $16.3 million for the construction of 106 attainable units. The development team partnered with Redstone as the Low-Income Housing Tax Credit (LIHTC) syndicator with AETNA as the LIHTC investor, and HDP served as the market-rate Limited Partner. In addition, the City of Charlotte is providing $3.2 million from its Housing Trust Fund and Mecklenburg County is providing $6 million in an affordable housing grant. HDP will provide a $7.8 million construction loan. Barings, the Charlotte based global investment management firm, provided a combined $70.1 million forward permanent loan commitment bifurcated into an attainable and market rate collateral structure.
353 luxury mixed income apartment community units
- 247 market rate (70%)
- 106 attainable units (30%)
- 35 will be for residents earning 80% of area median income (AMI) (approx. $63,000 annually),
- 2 will be for residents earning 60% of AMI (approx. $47,000 annually)
- 37 will be for residents earning 50% of AMI (approx. $40,000 annually)
- 32 units will be for residents earning 30% of AMI or less (approx. $23,000) annually).
- C.O.R.E. Programs Inc. will provide supportive services to all residents who earn 30% of AMI or less.
About INLIVIAN
INLIVIAN is a non-profit real estate holding company with a public purpose. Our purpose is to provide decent, safe, housing that is affordable to low and moderate-income families while supporting their efforts to achieve self-sufficiency. INLIVIAN works hand-in-hand with quality service providers for supportive services and as a result, we continue to evolve as a collaborative leader, helping to provide solutions to housing issues in Charlotte and the surrounding areas.
About HDP
The mission of Horizon Development Properties, Inc. (HDP) is to develop, operate, and provide housing in sustainable communities of choice for residents of diverse incomes. We embody this mission by developing and managing a portfolio of high-quality, affordable rental housing communities for families throughout Charlotte. HDP is the development affiliate of INLIVIAN.
About Urban Atlantic
Urban Atlantic works with partners and communities to develop and invest in inclusive, large-scale, mixed-income TOD communities exceeding 14,000 residential units and 3 million square-feet of commercial. Urban
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