EMBREY, a vertically integrated real estate investment company based in San Antonio, TX today announced it has closed on the land and financing for Stateswood, its newest Class A luxury, multifamily development located at 10630 Twin Lakes Parkway, Charlotte, North Carolina. The 19.8-acre project marks EMBREY’s continued expansion into high-growth Southeast markets with a thoughtfully designed, 300-unit residential community that emphasizes connectivity. Stateswood marks the company’s fifth closing and start of construction in Charlotte since entering the market in 2022.
Strategically located at the intersection of I-77 and I-485, Stateswood offers direct access to Uptown Charlotte and sits adjacent to a variety of retail, parks and lifestyle amenities. The development will bring a mix of one- and two-bedroom units, each featuring modern finishes such as wood-style flooring, granite countertops and tiled backsplashes—delivering quality, comfort and value to residents in one of the nation’s fastest-growing cities.
“Charlotte’s economic strength, population growth, and highly educated workforce, make it a compelling long-term market for EMBREY,” said Brad Knolle, EMBREY Executive Vice President of development. “Stateswood reflects our commitment to developing high-quality housing in locations that offer strong connectivity and access to opportunity.”
Designed as a three-story garden-style community with work-from-home flexibility in mind, Stateswood will feature a robust amenity package including a private clubhouse and coworking lounge with micro-offices, a club room with billiards, resort-style swimming pool and courtyard with grilling areas, a pet park and dog wash, 24-hour package room with refrigeration and a fitness center with an outdoor fitness patio.
Pre-leasing will be managed by EMBREY Management Services with the first units expected to deliver in the first quarter of 2027.
The financing for Stateswood was provided by Trustmark Bank, whose support played a key role in bringing the project to life. EMBREY’s Chief Investment Officer, Garrett Karam, and Brad Knolle led the execution of the transaction.
Stateswood represents EMBREY’s ongoing strategy to invest in dynamic, growing markets where its expertise in development and management can meet the rising demand for elevated multifamily housing.
About EMBREY
San Antonio-based EMBREY is a vertically integrated real estate investment company that develops, builds, acquires, owns and manages multifamily communities and commercial assets in select markets throughout the United States. EMBREY celebrates over 50 years in business with over 50,000 multifamily units and six million square feet of commercial property completed in its history. As a leading developer in the multifamily sector, the company has more than 6,000 units under construction or in development. www.embrey.com
