Orange Capital Achieves Real Estate Trifecta Across the Carolinas

(Photo Courtesy of Orange Capital, Joshua Corrigan)

 

Orange Capital, the real estate development subsidiary of Evans Management Group (EMG), has achieved a trifecta of projects in 2025, advancing three major multi-family residential projects across the Carolinas: commencing land disturbance activities on a new 270 unit apartment development in Fletcher, NC, beginning the lease-up phase of its community in Summerville, SC, and profitably exiting a high-performing property in Spartanburg, SC. Key collaborators include CF Evans Construction as the general contractor, as well as other critical partners including PDI Architecture, Dangerfield Engineering & Surveying, and Seamon Whiteside.

 

Orange Capital’s newest development, Evado at Tap Root is taking shape in Fletcher, NC, just south of Asheville with easy access to I-26. Construction began in May on the 270-unit community, which Orange Capital describes as "em acing a mountain-lodge aesthetic highlighted by a dramatic outdoor chimney and patio with sweeping views of the Blue Ridge Mountains—designed to inspire nature-rich, community-focused living." As the second project under the Evado brand, officials with Orange Capital say it reflects Orange Capital’s continued commitment to lifestyle-driven design.

 

Residents can expect a range of curated amenities including open floor-plans with oversized balconies, an outdoor community kitchen with pizza oven, a dedicated car detail area, and a professional dog washing station & dog park. Wellness-focused offerings include pickleball courts, a fitness center overlooking a resort-style pool, and a dedicated yoga room.

 

Located in Summerville, SC, just west of Charleston, Evado Nova Pax serves as the flagship community of Orange Capital’s “Evado” and—named after the Latin word meaning escape and ‘Nova Pax’ for new peace. Evado Nova Pax is "designed to be a retreat for residents to escape the everyday and find serenity in their new home." This 309-unit multifamily development debuted in spring 2025 and is already 33 percent pre-leased.

 

Amenities for Evado Nova Pax include a sky lounge, saltwater pool with private cabanas, date night room, dog park and pet spa, and coworking space. Wellness-focused features include an athletic club, CrossFit gym, yoga studio, pickleball court, sauna, massage room and red light therapy. Officials with Orange Capital say the location "blends a refined coastal aesthetic with the relaxed charm of the Lowcountry," and that this community "delivers a lifestyle rooted in balance, beauty, and community."

 

Sold in May 2025, The Lively at Drayton Mills is a 297-unit community which boasts a resort-style saltwater pool with sundeck, 24/7 fitness center with WellBeats and Echelon Mirror, private yoga and spin studios, coworking and conference spaces, an on-site pet spa, and a community lounge with billiards and shuffleboard. Additional perks include bike storage and repair stations, a community kitchen and coffee bar, outdoor grilling and dining areas, fire pits, EV charging stations, and direct access to the Drayton Mills Trail for walkability and recreation.

 

“These three milestones—site acquisition, community launch, and a significant asset sale—reflect the strength, discipline, and agility of our development strategy,” said McFaddin Blanding, president of Orange Capital. “We’re proud to be building long-term value and meaningful impact across the Carolinas, one community at a time.”

 

The residential real estate market across the Carolinas continues to benefit from strong long-term fundamentals, including sustained in-migration, business expansion, and demand for high-quality living environments. Officials with Orange Capital say their ability to launch, lease, and transact reflects its strong positioning, disciplined execution, and commitment to community-driven development.