Watercourse Apartment Homes

As partner in ECO Group, LLC, Montgomery sought a retail site along I-40, a primary east/west highway connecting Wilmington, NC and Charlotte, NC. Thoughtful understanding of the market led to the 33-acre site being re-envisioned for a two-phase multi-family development. Montgomery successfully rezoned the property and constructed 204 apartments units in phase I with seven acres of open space and a stream running through the site. The project was completed on-time and on-budget, enabling a successful lease-up to 93% when the property was sold in February 2020.