The Fallon Company Breaks Ground on The Colwick, a First-Class Multifamily Development in Charlotte, NC

CHARLOTTE, N.C.--(BUSINESS WIRE)--The Fallon Company, a leading national development company with offices in Boston, Charlotte, and Nashville, celebrated a significant milestone today with the groundbreaking of The Colwick, a premier 234-unit multifamily rental project. The Fallon Company’s senior leadership team came together to mark the start of construction on this first-class residential project.

The development, which is located in Charlotte’s sought-after Cotswold neighborhood, will reflect the distinctive identity of the community and offer pedestrian access to parks, schools, and over half a million square feet of nearby grocery, retail, and restaurant options.

The Class-A project will feature:

• 234-units
• 1, 2, and 3-bedroom units
• Premium finishes
• Co-working lounge with video conferencing rooms
• Resort-style saltwater pool
• Onsite pet spa and dog park
• Wellness focused fitness center with private yoga studio
• Outdoor grill stations and pizza oven
• Enclosed resident bike storage
• Garden courtyard with activity lawn and fireside lounge
• Resident social lounge and game room
• Golf Simulator room
• Outdoor gaming lawn with bistro lighting

“Breaking ground on this important multifamily project marks an exciting milestone for us and solidifies our ongoing commitment to the Charlotte market,” said The Fallon Company CEO, Michael Fallon. “We’re thrilled to bring new housing options to the vibrant Cotswold neighborhood, creating a space where people can thrive.”

Designed by award-winning Axiom Architecture, The Colwick’s contemporary design has been thoughtfully tailored to fit the needs of the modern renter. Charlotte-based EDIFICE Construction is building the project, with construction financing being provided by Santander Bank, N.A. The Colwick, which is expected to deliver in late 2026, will be the first large-scale rental building in Cotswold in decades.

About The Fallon Company

The Fallon Company is one of the nation’s leading commercial real estate developers, creating transformative, mixed-use environments that revitalize urban areas and serve as catalysts for community growth. They pride themselves on placemaking, with a commitment to building dynamic, inclusive spaces. For more information about The Fallon Company, visit www.falloncompany.com.