Alliance Residential Company Acquires 18 Acres For Prose Rhyne In Northwest Charlotte

Multifamily developer to build new property offering attainable quality, easy access to I-485 and airport  

CHARLOTTE, N.C. (August 03, 2022) – Alliance Residential Company, one of the largest multifamily developers in the nation, has closed on 18.25 acres at 9741 Mount Holly Rd. in Charlotte, North Carolina, for the development of Prose Rhyne. The new 330-unit apartment community – composed of 11 residential buildings and a clubhouse – will welcome its first residents in fall 2023. 

Prose Rhyne will offer a mix of one- and two-bedroom apartment home options averaging 996 square feet. Designed by architect Cline Design Associates, the garden style apartments will feature several popular finishes and features including granite countertops, stainless steel appliances, wood style flooring, walk in closets, and a washer and dryer in every unit. 

Community amenities will include a clubhouse featuring a fitness facility, resort-style pool, outdoor kitchen and grilling stations, office space, club room, and a dog park.    

“With the rising residential demand in Charlotte, particularly in neighborhoods that offer easy access to major employers and commute corridors, we are thrilled to develop our first apartment community in the northwest corner of Charlotte with Prose Rhyne,” said Donald Santos, managing director for Alliance Residential Company. “Residents will not only enjoy the thoughtful design and lifestyle amenities that are synonymous with our communities, but they will also have quick access to the airport and the city’s many amenities as well as the relaxing charm and outdoor lifestyle of Mount Holly and the Catawba River all at their fingertips.  

Prose Rhyne is the second Prose-branded property to debut in the Charlotte area with a focus on attainable apartment homes near high growth employment corridors. Located seconds away from I-485, the community is 10 minutes from Charlotte-Douglas International Airport and less than 20 minutes to major employers in downtown Charlotte.   

The community is one of five active projects in the Charlotte area for Alliance Residential Company. The company recently opened Broadstone Highland Creek and is in various stages of construction of four new apartment communities throughout the city including Broadstone Optimist Park; Broadstone Craft; The Boulevard, A Broadstone Community; and Prose McCullough Station.

About Prose

Prose is the nation’s first multifamily residential concept composed of entry-level Class A homes in rapidly expanding job corridors and lighter density communities. Dedicated to professionals seeking the convenience of residing close to major new employment centers, Prose tells the story of how sophistication meets quality of life and value. Prose is the newest brand from Alliance Residential Company, one of the largest and most active rental residential real estate developers in the United States. For more information, visit www.allresco.com

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