Development

Indianapolis developer expanding to Charlotte with Grubb Properties exec hire

Rachel Russell
Rachel Russell

Milhaus, an Indianapolis-based developer specializing in Class A urban infill, mixed-use and apartment buildings, is expanding to Charlotte and the Carolinas.

The company said Thursday that it has hired Rachel Russell, previously vice president of real estate development at Grubb Properties. Milhaus said it has a site under contract in Asheville, and part of Russell’s job will be to find more development sites in Charlotte and throughout the Carolinas.

“Milhaus shares my passion for designing thoughtful urban core properties that enhance the livability and vibrancy of its neighborhoods,” said Russell, who will be based in Charlotte. She’ll oversee projects starting with site selection through construction into operation. “The company fills a unique need in urban housing by developing both small and large scale properties, and I look forward to bringing our mission of creating high-quality, timeless multifamily and mixed-use properties to the Carolinas.”

While at Grubb, Russell has been involved in projects such as planned apartments and retail on Elizabeth Avenue and the company’s planned apartments at its Park Road headquarters, which would turn its suburban-style office building into a mixed-use development.

Milhaus is expanding aggressively through the Southeast, with sites under development in Nashville, Tennessee and Tampa, Fla, in addition to its more traditional Midwestern markets. The company has 11,400 apartment units under management or development, and aims to boost that number to 20,000 units by 2020.

“As we begin our expansion in the Carolinas and enter the Southeast market, we’re pleased to have Rachel Russell’s leadership, vision and experience to help us drive our continued momentum,” said Jeremy Stephenson, Milhaus principal, in a statement. To view their portfolio of projects, click here.

Ely Portillo: 704-358-5041, @ESPortillo

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