Texas developer building out pipeline in Charlotte area

Texas multifamily developer Kairoi Residential’s latest Charlotte-area project is closing in on a construction milestone.

Kairoi is about 60 days away from going vertical on a 274-unit apartment community at 9911 Monroe Road in Matthews, said Tyler Sibley, the firm’s principal of development. Kairoi filed building permits earlier this month with Mecklenburg County totaling more than $5 million for construction of the structure’s shell and core, county records show.

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