Adler Montford Park, a new apartment and townhome community, has quietly rewritten the vibe along the Park Road corridor. The Greenville-based developer Taft Family Ventures just delivered roughly 249 rental homes at a site tucked off Woodlawn Road and Park Road, adding dozens of new households and a fresh wave of foot traffic for Montford Drive restaurants and the Park Road Shopping Center crowd.
What Was Built and When
As reported by Charlotte Business Journal, the development wrapped up and was delivered earlier this month, combining 241 traditional rental units with eight for-rent townhomes for a total of 249 homes. The outlet notes the project rose on the former Melrose Place Apartments site and that several nearby single-family lots were demolished to clear room for the new construction.
Where It Sits and Who Built It
The community is located at 1351 East Woodlawn Road, directly across from Park Road Shopping Center, according to the property's leasing site for Adler Montford Park. Taft Family Ventures, a Greenville, N.C.-based developer, acquired the parcel in 2019 and led demolition and redevelopment on the site, the company notes on Taft Family Ventures.
Amenities and Financing
Industry coverage highlights a rooftop lounge, heated pool, coworking spaces and a structured parking garage with roughly 289 spaces. The same reporting notes that RXR originated a $70.5 million bridge loan in November 2025 to refinance the newly delivered property, a typical move once a project edges toward stabilization, according to ConnectCRE.
Why This Matters for Park Road
Thomas Taft Jr. has emphasized that "the most valuable amenity is the property's proximity to Park Road Shopping Center," a talking point the developer has leaned on to market the walkable location to prospective renters. More residents living directly across the street will likely mean steadier daytime and evening business for Montford Drive bars and eateries, as well as the smaller shops that line Park Road.
Timeline and What's Next
Taft acquired the land in 2019 for roughly $7.3 million and initially floated plans for an approximately $85 million redevelopment, according to the Charlotte Business Journal. The November 2025 refinance, reported by ConnectCRE, together with the Business Journal's reporting that the property delivered earlier this month, indicates the complex has recently shifted from construction into its lease-up and occupancy phase.
