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CBG Celebrates Milestones in the Charlotte Market

Two Projects and a New Office Propel CBG into the Carolinas
July 17, 2019

CHARLOTTE, N.C.—CBG Building Company celebrated today the topping out of Hazel SouthPark, a 203-unit luxury apartment community with a six-level garage in the SouthPark shopping district. CBG welcomed representatives from owner ZOM Living and architect Cline Design to commemorate the completion of vertical construction on the five-story community, which includes amenities such as a spa, fitness center, and rooftop pool.

CBG Celebrates Milestones in the Charlotte Market Press Release Image

Hazel SouthPark

To celebrate the topping out, CBG catered lunch, gifted commemorative t-shirts, and held a raffle for field staff. The project team reached this milestone on schedule despite an abnormally wet season with two hurricanes. Due to the heavy rain, roughly 10 acres of topsoil drained into the parking lot, causing blockages and requiring the team to replace approximately 58,000 tons of soil.

Establishing its 11th office in Charlotte to serve the Carolinas, CBG also completed construction of Bainbridge South End in April of this year. CBG's first project in Charlotte, Bainbridge South End is a seven-story, 200-unit apartment community with below-grade parking developed by The Bainbridge Companies. Tight site conditions at Bainbridge South End required close coordination with neighbors, county inspectors, and subcontractors.

"Commitment is judged by action," said George Vomvolakis, CBG's vice president in the Carolinas. "In opening this office, CBG has shown its commitment to this market, its clients, and the local team. We look forward to smart growth in the future."

Because Charlotte is one of the country's largest submarkets for multifamily development, CBG staffed a team who have vested relationships with the area's developers and subcontractors. The Charlotte office's goal is to start roughly two projects per year with a focus on mid- to high-density developments in urban areas. Since its opening, the Charlotte office has signed multiple bids and is on schedule to finish Hazel SouthPark in the beginning of next year.

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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 20 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 88,000 housing units since 1999. For more information, visit www.cbgbuildingcompany.com.

About ZOM Living

Founded in 1977 by Dutch oil company executive Joost P. Zyderveld, ZOM Living specializes in multifamily development. After originally investing in markets in Florida, ZOM expanded throughout the nation in 2000, with regional offices in Dallas, Texas; Washington, DC; and Raleigh, North Carolina. ZOM has either joint ventured or directly developed over 18,000 apartments and has won over 150 real estate awards, including National Multifamily Development Firm of the Year. For more information, visit www.zomliving.com.

About Cline Design/

Cline Design is dedicated to creating a better community through the integration of architecture, planning, landscape architecture, and interior design. Its architects' success not only dependent upon great design, but also the positive experience a client gains from working with them. Through the integration of services, Cline effectively discovers, generates, and implements design solutions that celebrate the uniqueness of each site. Its philosophy is grounded in providing practical, economically viable and environmentally responsible design. Through collaboration with clients, Cline Design creates diverse, interactive, high quality environments, places that encourage people to interact and build a sense of community. For more information, visit www.clinedesign.com.

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, Florida, and Bethesda, Maryland, with regional offices in Raleigh, North Carolina; Orlando, Florida, and the New York tri-state area. The team consists of over 600 passionate professionals across its offices and portfolio. For more information, visit www.bainbridgecompanies.com.