A roughly 3.4-acre stretch of land at 1306 Berryhill Road in Charlotte's Enderly Park neighborhood has changed hands for $13.5 million, setting the stage for a 336-unit apartment community called Broadstone Enderly Park. Alliance Residential is the buyer, and the project is expected to welcome its first residents in 2028.
According to the Charlotte Business Journal, Alliance Residential acquired the site from Beacon Partners and Browder Brown. The parcel's exact size is described slightly differently across reports: Mecklenburg Times puts the closing at 3.39 acres, while Multifamily & Affordable Housing Business lists it as a 3.4-acre parcel. Either way, the land sits near Lower Tuck and within reach of uptown Charlotte.
What's Planned for the Site
Broadstone Enderly Park will bring 336 units to the neighborhood, with apartments ranging from 600 to 1,280 square feet, per Multifamily & Affordable Housing Business. The Mecklenburg Times account adds that the floor plans will average around 800 square feet. Cline Design Associates is handling architecture for the project, with The John R. McAdams Co. serving as civil engineer and MAD Studio Interiors leading interior design, the trade outlet reports.
Planned amenities include a clubhouse with a leasing center, fitness center, club room, game room and coworking offices, according to the Mecklenburg Times reporting, which also describes plans for a resort-style pool, outdoor kitchens, green space, a dog park and pet-related facilities.
Alliance's Growing Charlotte Footprint
Broadstone Enderly Park marks Alliance Residential's tenth active project in the Charlotte market, joining nine others already underway, the Mecklenburg Times notes. The developer has a growing Charlotte presence, and the Charlotte Business Journal has previously reported that Andrew Howe is leading the company's broader expansion across the Carolinas.
A Competitive Charlotte Rental Market
The new project is landing in a Charlotte apartment market defined by strong demand but slowing new construction. Charlotte's average asking multifamily rent fell 3.2% year over year to $1,516 per month in the first quarter of 2026, according to a Matthews market report.
Even so, construction is cooling. Matthews reported roughly 70 properties totaling 18,000 units under construction citywide in the first quarter, but only 958 units broke ground that quarter — the lowest quarterly total since 2025. A separate report from Northmarq projects that 2026 completions will lag 2025 levels by 23%, with vacancy expected to ease slightly as deliveries recede.
Analysts see that slowdown setting up for a rebound. Matthews forecasts Charlotte rents will return to positive growth in 2027, projecting a 1.8% annual increase over the next 12 months. Marcus & Millichap expects the recovery to favor close-in submarkets where deliveries are tapering and demand stays tied to core job centers — a description that fits Enderly Park's position near uptown and Lower Tuck.
Demand has already been building in nearby submarkets. Northmarq reported that Charlotte apartments saw about 2,300 net move-ins in the first quarter of 2026, while South End and Lower South End alone absorbed more than 3,800 units over the prior 12 months, representing 30% of the city's total absorption.
Whether Broadstone Enderly Park will reshape rents or vacancy specifically in Enderly Park remains to be seen, but the project adds another entry to Alliance Residential's expanding list of Charlotte developments.
