Panorama Holdings to develop Lumeo Apartments in University City
JLL Carolinas to manage development of 309-unit apartment project
Charlotte, N.C., July 30, 2019 – Panorama Holdings has broken ground for Lumeo Apartments by the University City Blvd station at the LYNX Blue Line Extension in University City. This is one of the first groups of transit-oriented development projects at the light rail station in University City.
Lumeo Apartments offer a unique living option with convenient access to transportation, retail, entertainment, education and employment. The 309-unit apartment complex will feature both outdoor community living and indoor relaxation space, which are popular amenity trends in 2019 according to apartments.com. Residents will enjoy the large upscale clubhouse, a resort-style saltwater pool with sun deck, and courtyards with gas grills, bar and fire pit. A full fitness center with a yoga room couples with a walking trail throughout the community that will be a perfect fit for an active lifestyle.
Lumeo Apartments will also cater to the grooming needs of residents’ furry friends with a full-service pet spa. Each unit is equipped with stainless steel appliances, washer/dryer, walk-in closets and other high-end features.
“Our goal with Lumeo Apartments is to offer high-quality living for the University City community,” says Jane Wu, president of Panorama Holdings. “The ideal location and luxury amenities will suit the dynamic lifestyle here.”
North Carolina Senator Thom Tillis and North Carolina’s 12th Congressional District Congresswoman, Dr. Alma S. Adams, both sent representatives to attend the groundbreaking ceremony for Lumeo Apartments, applauding the impact on economic development brought by the project. Charlotte City Councilman for District 4 Greg Phipps also praised Panorama Holdings’ significant investment in the University City community, citing the North Tryon corridor to be “Panorama Corridor” in his remarks at the groundbreaking ceremony.
“Lumeo Apartments residents will enjoy entertainment, retail and office within walking distance as more development projects at the light rail stations are completed,” said Darlene Heater, Executive Director of University City Partners. “Light rail doesn’t just bring people around; it brings economic development to the community.”
JLL’s Project & Development Services (PDS) group will handle development and construction project management. Samet is the general contractor. The architect is BB+M. Orsborn Engineering Group is providing civil engineering and landscaping. The interior design is by Vignette. Property management will be handled by FCA. The first apartments will be delivered in 2020.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of over 91,000 as of March 31, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Panorama Holdings
Panorama Holdings LLC is an award-winning company specializing in real estate development and investment. The company currently has a project pipeline that totals over three million square feet in Charlotte, with asset classes spanning over conventional multifamily development, office space, and hotels. One of the multifamily development projects, Blu at Northline, won the 2018 Charlotte Business Journal Heavy Hitter Commercial Real Estate award and was nominated “New Property of the Year” for the Greater Charlotte Apartment Association Bravo Awards in 2017. Panorama Holdings also owns multiple USCIS-designated regional centers to develop, finance and manage investment projects under the EB-5 program, facilitating investors to obtain permanent residency. For more information, visit www.panorama-holdings.com.