The Residences at Crossway District is located less than 3 miles from UNC, the second-largest university in North Carolina, which has an on-campus housing capacity of 6,000, creating a demand for over 24,000 additional units. This prime location not only offers easy access to a vibrant campus life but also contributes to a $2.1 billion economic impact in the area. The district is well-positioned to attract residents and businesses, capitalizing on the growth driven by the university and its surrounding amenities.

Conveniently located at the I-85 and I-485 interchange, the site affords residents immediate access to Charlotte’s major employment and entertainment nodes. The Residences at Crossway District, which sits at a dedicated signalized intersection, also benefits from a high-visibility location north of W.T. Harris Boulevard, a highly-trafficked four-lane road boasting approximately 33,500 vehicles per day.

Population 

• 2% projected population growth rate over the next five years to more than 11,200 in 2029, compared to a growth rate of 6.2% in Mecklenburg County and 5.0% in the Charlotte, NC metro

Growing Household Income

• 5% projected increase in median household income over the next five years, reaching $83,988 in 2029
• 33% of households earn above $100,000 annually

Renter Pool 

• 32% of residents in the key renter age group of 18 to 35, compared to 25% in Mecklenburg County and 22% in the Charlotte, NC metro
• 50% of the housing units within the TMA are renter occupied, compared to of 41% in Mecklenburg County and 32% in the Charlotte, NC metro

Sophisticated Workforce

• 56% of residents (age 25+) hold a bachelor’s degree or higher, compared to 48% in Mecklenburg County and 38% the Charlotte, NC metro
• 74% of population age 16+ is employed in white-collar positions; compared to 71% countywide and 67% in the metro

Appreciating Home Values  

• According to com: 
• • The median home price in Charlotte appreciated 1.3% year over year to $405,000 in August 2024

The location offers exceptional proximity to key job hubs in the Charlotte area. Situated near major employers such as UNC, Wells Fargo, Atrium Health, and Bank of America, residents benefit from easy access to a wealth of job opportunities. This strategic location not only enhances the convenience of daily commutes but also supports a thriving local economy. With its ideal positioning, this site is poised to attract professionals seeking a balance between work and residential living in a dynamic, growing region.