North Carolina Construction News staff writer
Middleburg has secured land and construction financing for Mosby Northlake, a 312-unit multifamily development planned for the Northlake/Huntersville submarket in North Charlotte, with construction expected to begin this spring.
The project, which will be built along the I-77 corridor with direct access to I-485, is scheduled to deliver its first units in October 2027. It comes as the Charlotte region continues to experience strong population and employment growth alongside a tightening pipeline of new rental supply.
Charlotte ranked second in the United States for total jobs gained in 2025, behind only New York City, while multifamily permitting activity has dropped nearly 80% from its 2023 and 2024 peak levels, according to market data cited by the developer.
Middleburg said Mosby Northlake is designed to reflect changing renter preferences, particularly for larger layouts and increased access to outdoor space.
“The Northlake/Huntersville submarket has been a major piece of the momentum in North Charlotte,” said Adam Ricketts, Middleburg’s development partner in Charlotte. “The fundamentals in this market are strong and check every box for us. Beyond the location, we plan to build something that reflects how rental demand and preferences are evolving.”
The development will include 280 apartment homes and 32 three-bedroom townhomes, each featuring a private fenced yard. The mix is intended to serve both individuals and families seeking more space within a connected suburban setting.
Middleburg said the community is also positioned to benefit from proximity to major employment hubs, including Uptown Charlotte, University Research Park and other key nodes across the metropolitan area. The site was selected as part of the firm’s broader suburban strategy focused on locations with direct highway access and nearby retail corridors.
Mosby Northlake adds to Middleburg’s growing pipeline of Charlotte-area projects as the firm continues to scale its national development platform. The company said it broke ground on 4,150 units in 2025, a 62% increase from the prior year, and was recently ranked No. 11 on the National Multifamily Housing Council’s 2026 Top 25 Developers list and No. 13 on its Top 25 Builders list.
Middleburg said it currently has 52 projects in development or under control, representing more than 18,000 units across multiple markets. The firm said its strategy remains focused on disciplined execution in high-growth regions supported by sustained job creation and population inflows.
Mosby Northlake is part of what the developer describes as a repeatable suburban housing model aimed at meeting long-term rental demand as supply constraints continue across major U.S. markets.