Mid-Rise Mixed-Use Community Offers 303 Modern
Homes in Charleston's Growing
Upper Peninsula District
CHARLESTON, S.C., June 8, 2023
/PRNewswire/ -- Quarterra Multifamily, a subsidiary of Lennar
Corporation and a vertically integrated multifamily apartment
builder, developer and asset manager, today announced the
opening of Cormac Apartments. Cormac is a mixed-use
apartment community on Charleston's upper peninsula
and represents the first joint venture between QMF and Cresset
Partners and was capitalized in their Cresset Diversified
Qualified Opportunity Zone (QOZ) Fund I.
Cormac – featuring 303 apartment homes and 13,068 square feet of
retail space, as well as a pair of public ground level courtyards –
offers an unprecedented level of modern living to the rapidly
growing North Morrison "NoMo" district. The mid-rise
community's unique and enviable location puts residents within easy
reach of employment centers and dining options, as well as
entertainment and sporting venues. It also provides prime access to
Downtown Charleston, Mt. Pleasant, Park
Circle in North Charleston,
and West Ashley.
"Cormac represents a significant step in the evolution of
Charleston's Upper Peninsula
district, bringing an element of sophistication through next-level
living and retail opportunities," said Beach Corontzes, development
manager for Quarterra. "The Upper Peninsula has become a
destination dining and nightlife locale, not to mention a coveted
neighborhood to call home. We're excited to welcome residents and
help to accelerate the surging momentum in the neighborhood."
Situated at 1310 Meeting Street Road, Cormac is central to
regional employment, shopping, dining and entertainment options.
The retail shops at King Street, East Bay Street, Historic
Charleston City Market, West Edge and Mt. Pleasant Town Center are
all within a short drive. Local hot spots such as Butcher &
Bee, Edmund's Oast Brewing Company, Home Team BBQ, Revelry Brewing
and Brewlab Charleston are just blocks away. Cormac residents also
find themselves in close proximity to several local attractions
such as The Refinery, Pacific Box & Crate, and The
Wonderer.
Cormac's location on Meeting Street Road (U.S. Highway 52), is
less than a quarter mile from Interstate 26, and approximately 1
mile from Ravenel Bridge – which leads to Mt. Pleasant – creating exceptional
connectivity to employment centers in Downtown, Mt. Pleasant and North Charleston. Residents have access to a
controlled-access three-story above-grade parking facility, as well
as on-street parking and 19 electric vehicle charging
stations.
The community features studio, one- and two-bedroom
apartment homes, highlighted by Nest smart thermostats, keyless
entry and stainless-steel Whirlpool appliances. Custom
cabinetry, quartz or granite countertops, hardwood-inspired
flooring and pendant lighting is featured in two distinct design
schemes. Homes are equipped with tile backsplashes and
under-cabinet lighting in kitchens, and baths come with oversized
tubs or walk-in showers with full tile surrounds.
Residents also enjoy a full amenity lineup which includes an
eighth-floor rooftop terrace complete with butler kitchen and
spectacular views of Downtown
Charleston and the Ravenel Bridge. The fourth-floor features
three elevated courtyards – one of which is highlighted by a
resort-style pool and clubhouse. The clubhouse is home to multiple
coworking spaces. A state-of-the-art fitness center, a bike storage
room, package lockers, rentable storage spaces are at residents'
disposal, as well.
About Quarterra Multifamily
Quarterra Group, Inc., a wholly-owned subsidiary of Lennar
Corporation (NYSE: LEN and LEN.B), is a multi-strategy, real
estate focused, alternative asset management company comprised of
two rapidly growing verticals: Multifamily and Single-Family
Rental. Launched in 2011, Quarterra Multifamily, previously known
as LMC, is among the nation's most active developers, builders, and
managers and has been on the National Multi-Housing Council's
(NMHC) annual Top 50 list for eight consecutive years.
Quarterra creates extraordinary communities where people can
live remarkably.
www.Quarterra.com
About Cresset Real Estate Partners
Cresset Partners is a private investment firm focused
on providing its investors with direct access to investment
opportunities in private companies, real estate, private credit,
private equity secondaries, and venture capital. Cresset focuses on
building outstanding, lasting partnerships by investing long-term
capital, resources, and expertise to create sustainable value.
Cresset Partners was founded in 2018 and has more than $3
billion in commitments across real estate, private equity,
private credit, and venture capital. Learn more
at https://cressetpartners.com.
Cresset refers to Cresset Capital Management and all of its
subsidiaries and affiliates. Cresset Asset Management, LLC provides
investment advisory, family office, and other services to
individuals, families, and institutional clients. Cresset Partners,
LLC provides investment advisory services strictly to investment
vehicles investing in private equity, real estate and other
investment opportunities. Cresset Asset Management, LLC, and
Cresset Partners, LLC are SEC registered investment
advisors.
Media Contact
Marlena
DeFalco
LinnellTaylor
Marketing
303-682-3943
marlena@linnelltaylor.com
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SOURCE Quarterra