Charlotte-based Canvas Residential Partners is teaming up with a California investment firm to develop build-to-rent townhomes in the University submarket.
Canvas and Los Angeles-based Pacific Coast Capital Partners recently broke ground on Skymor Research Park, a 70-unit BTR community at 11108 Mallard Creek Road. The three-story townhomes are under construction on a 9-acre site within University Research Park.
The development will have 44 four-bedroom units averaging 1,893 square feet and 26 three-bedroom units averaging 1,768 square feet. Each townhome will include a two-car garage and private balcony as well as quartz countertops, stainless steel appliances, luxury vinyl plank flooring, dual bathroom vanities and walk-in showers.
The property will also feature central green space, sidewalks and pocket parks.
The first units are expected to deliver in the third quarter of 2026.
Creighton Call, managing partner at Canvas Residential Partners, said in a news release that the partnership with PCCP is based on the firm’s experience as an owner and investor in purpose-built rental housing.
PCCP acquired the two-parcel site at 11108 and 11128 Mallard Creek roads in May for $2.98 million, according to Mecklenburg County property records. The firm has made various other investments in the Charlotte market, including a five-building industrial development at Shopton Ridge Business Park. It also provided construction financing for The Line, Portman Holdings’ 16-story, 300,000-square-foot office building at 2151 Hawkins St. as well as for Regions 615, a 17-story, 360,000-square-foot building at 615 S. College St., also developed by Portman.
Canvas officially launched in 2022 by Call and Collett Capital. Its local portfolio includes Avery Place at 8620 Steele Creek Road, which delivered in 2023; Oak Lake at 9100 Blue Dale Road, which delivered in 2024; Marglyn at Matthews at 1748 Marglyn Drive, which delivered in 2025; and The Groves at 2312 Ben Craig Drive, which delivered in 2025.
The platform focuses on the development of build-to-rent communities between 60 and 250 units throughout the Southeast. The team has closed on over $600 million in real estate investments totaling more than 1,900 units in the past several years.
Skymor is the latest in a swath of build-to-rent projects that have broken ground in the Charlotte market this year.
California-based BrightSky Residential recently started construction on its first local project, a 152-unit townhome development at 1325 Peachtree Road; Charlotte homebuilder Taylor Morrison filed plans in October for a 250-unit development at IMB Drive near Innovation Park; and Chicago-based Origin Investments will break ground in early 2026 on 120 BTR townhomes, which will be phase two of Trailside NoDa 3600 Philemon Ave.
This article was origially published in The Charlotte Business Journal.
