Atlanta developer RangeWater Real Estate has snapped up a roughly 16.7-acre site at 200 Atando Ave on the southern edge of NoDa and is rolling ahead with plans for a 316-unit apartment community. The company paid about $12.4 million for the tract and is targeting a construction start later in March 2026. The parcel, one of the larger vacant sites near North Davidson Street, drew heavy interest before finally changing hands.
Details on the purchase, price and timeline were first laid out by the Charlotte Business Journal, which reported that the deal followed a competitive marketing process and that the project is expected to come out of the ground as a multi-building apartment community. According to that reporting, RangeWater's filing and public notices framed the entitlements and signaled how the next steps would play out.
Rezoning And Entitlements Cleared In 2024
RangeWater filed rezoning documents for the Atando site, and the City of Charlotte approved the petition, setting the property on a path to IMU, or innovation mixed use, zoning that allows multifamily and related uses. City planning records list RangeWater Development LLC as the petitioner and document the council action that removed a major permitting hurdle in February 2024, according to City of Charlotte rezoning records.
Parcel Size And Site Details
Public parcel data compiled on commercial property platforms pegs the site at 200 Atando Ave at about 16.70 acres, matching the footprint RangeWater is set to develop. The LoopNet record lays out the lot size, APN and tax parcel information that brokers and lenders relied on while marketing the land, per the LoopNet property listing.
Contractors Already Circling The Job
Contractors and subs are already lining up behind the scenes. An electrical contractor posted on its LinkedIn page that it landed the electrical scope for “Atando,” describing the development as six four-story manor-style buildings with a combined 316 units. That post offers an early peek at how the build out could look for trades, as shown on Watson Electrical Construction’s LinkedIn page. State filings and registries also identify an entity tied to the project, listed as Atando - CLT QOZB, LLC, in local utility and regulatory records.
What This Means For NoDa's Apartment Scene
The Atando deal adds another multifamily project to a Charlotte rental and investment market that is still very much in play. Other NoDa-area properties have recently traded, and new apartment communities keep popping up in plans and pitch decks. Coverage of nearby NoDa sales and portfolio activity highlights how investors continue to chase opportunities in the submarket, according to Multi-Housing News.
Timeline And What Neighbors Will Be Watching
With rezoning sorted out and the land purchase wrapped, RangeWater is now lining up permits, final design work and site prep ahead of a planned March 2026 start. Neighbors, transit planners and city departments are expected to keep a close eye on how site access, stormwater work and streetscape upgrades are woven into the project as construction documents move through the review process.
RangeWater's Growing Footprint In The Sun Belt
RangeWater, an Atlanta-based multifamily developer with a growing pipeline across the Southeast, will move through Charlotte's permitting process while it locks in contractors and finalizes designs and a construction schedule. The developer's recent project announcements and local entitlements indicate that the Atando community is likely to follow its familiar mid-rise rental playbook as RangeWater keeps expanding across Sun Belt markets, according to the company's project listings and news announcements.
