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508 N Tryon StCharlotte, NC 28202
Elevate at Tryon
Asset ClassMultifamily, Hotel & Hospitality, Land
overview of deal

Overview

OUR STORY

Elevate at Tryon, an 86-unit, multifamily property in Uptown Charlotte, combines 1920s architectural charm with modern renovations completed in 2024 and benefits from TOD-UC zoning, which provides investors eyeing redevelopment the highest intensity/height use. Its prime location in the North Tryon area of Uptown places it amidst some of the most significant development activity in the area, anchored by the Seventh & Tryon redevelopment, a roughly $600 million public-private initiative delivering new residential, office, retail, and public amenities to the area. Ongoing investments like the Charlotte Mecklenburg Main Library further enhance the neighborhood’s long-term appeal, supporting strong renter demand and long-term value growth for well-located assets. This property offers stabilized income and future upside aligned with Charlotte’s ongoing urban transformation.

 

LOCATION

Situated along North Tryon Street in the heart of Uptown Charlotte, the property benefits from one of the city’s most dynamic and high-demand locations. The site offers immediate access to Charlotte’s central business district, neighboring cultural institutions, transit connectivity, and a thriving live‑work‑play environment. As Uptown continues to attract major employers, residents, and amenities, this address positions the asset at the center of Charlotte’s long-term growth story.

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Investment Highlights

Year Built
1927
Year Renovated
2024
# Units
86
Square Feet
60,929
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508 N Tryon StCharlotte, NC 28202

Deal Team Contacts

John ManningSenior Managing Director919.238.4903jmanning@greysteel.com

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