CHARLOTTE, N.C.—CBG Building Company began work today with long-time partner The Bainbridge Companies, a leading owner, developer, and manager of luxury multifamily communities in the eastern U.S., on the design-build of Bainbridge South End, a 200-unit apartment community with numerous amenities and underground parking in downtown Charlotte. South End is one of the country's largest submarkets for multifamily development with a strong demand for high-quality apartment homes.

"We are pleased to once again build a community with CBG, which has a strong track record of constructing luxury apartment housing," said Tom Keady, president and chief operating officer at The Bainbridge Companies. "We look forward to extending our relationship with CBG in creating the highest quality apartment community available in the South End neighborhood with Bainbridge South End."

At the intersection of South Boulevard and Poindexter Drive, the transit-oriented community is located within walking distance of many downtown restaurants and business centers, and is one block from the New Bern Light Rail Station. The community also borders the entrance of the Charlotte Rail Trail, giving residents unbeatable access to the up-and-coming public walkway filled with eclectic cafes, bars, and public art.

"CBG is excited to grow within the North Carolina market," said Keith Anderson, president of CBG. "We look forward to delivering another exceptional mixed-use community with Bainbridge."

The seven-story, wood-framed, luxury apartment community will feature robust amenities including a courtyard, outdoor pool, social lounge, rooftop deck, and fitness center. The community will utilize a TPO roof and all units will integrate EnergyStar® appliances.

Bainbridge South End is CBG's second project with Bainbridge, following the successful completion of One Easton, a 220-unit student housing community near the University of Delaware campus in Newark in July. Bainbridge South End is scheduled for completion in August 2018.

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About CBG Building Company

Through a relentless pursuit of innovation, a steadfast commitment to quality, and active collaboration with clients, CBG has been delivering award-winning communities from coast to coast for more than 25 years. CBG's professional construction team builds more than 4,000 homes each year, providing high-quality, responsive service backed by a significant bonding capacity and national resources. CBG's experience spans a diverse portfolio of geographic areas and product types, including luxury, mixed-use, and affordable housing apartments, as well as campus housing, military family communities, and senior living facilities. Together, we draw on the knowledge gained through building more than 80,000 housing units since 1992. For more information, visit www.cbgbuildingcompany.

About The Bainbridge Companies

The Bainbridge Companies is a leading owner, developer and manager of luxury multifamily apartment communities in the Eastern United States. Founded in 1997, Bainbridge is a fully integrated family of real estate companies engaged in the development, construction, management and acquisition of residential and commercial real estate. Bainbridge is headquartered in Wellington, Fla., and Bethesda, Md., with regional offices in Raleigh, N.C., Orlando, Fla., and the New York Tri-State area. Our team consists of over 600 passionate professionals across our offices and portfolio. For more information, visit www.bainbridgecompanies.com.