GMH Communities (GMH), a vertically integrated real estate company specializing in the acquisition, development and management of residential communities throughout the United States, in partnership with global real estate investment firm AEW Capital Management (AEW) and Wexford Science & Technology LLC announced the completion of land acquisition for the development of a 20-story, 382-unit luxury residential mixed-use tower, Anova The Pearl, located within The Pearl innovation district in Charlotte, North Carolina. The property is anticipated to open for occupancy in Summer 2028.
“The land acquisition for Anova The Pearl represents another significant milestone in the growth of our ‘Innovative Living’ residential portfolio,” said Gary Holloway, Jr., chief executive officer and president, GMH Communities. “As we prepare to break ground this summer, we remain committed to creating thoughtfully designed communities that bring a unique living experience to professionals who are helping drive advancements in healthcare, life sciences and technology throughout the Charlotte region.”
Anova The Pearl will encompass 1.3 acres within The Pearl and feature luxury residential accommodations alongside 6,621 square feet of ground-floor retail space. Among the 382 units, 5% of the units will be reserved for affordable housing. Residents will have access to an extensive amenity package, including a fitness center, clubhouse, golf simulator and wellness-focused sauna and cryotherapy chambers.
“We are attracted to locations that we believe benefit from strong institutional anchors and create opportunities for residents to live near major centers of employment and innovation. Anova The Pearl reflects these characteristics and represents a residential development within a unique and evolving district in Charlotte,” said Sara Cassidy, portfolio manager at AEW Capital Management.
Anova The Pearl is designed to meet the growing demand for high-quality housing for professionals working in the life science, healthcare and technology industries. Located at the intersection of South McDowell Street and Pearl Park Way, the residential community will be situated in the heart of one of the nation’s fastest-growing innovation districts – developed through a public-private partnership led by Atrium Health and Wexford Science & Technology and anchored by the city’s first four-year medical school, Wake Forest University School of Medicine Charlotte.
“The Pearl has rapidly emerged as a destination for innovation, bringing together world-class healthcare, research, education and technology organizations into one collaborative environment,” said Dennis Miller, senior vice president and market executive, Wexford Science & Technology. “The development of Anova The Pearl represents an important next phase in the district’s evolution, introducing a high-quality residential component that allows researchers, health professionals and innovators to live where they work, learn and collaborate. By creating a mixed-use community, we are strengthening the vibrancy and connectivity of The Pearl while supporting the continued growth of Charlotte as a hub for life sciences and healthcare innovation.”
