CHARLOTTE, North Carolina – Although the weather turned cooler – somewhat – in October, construction of new apartments in the Charlotte area has warmed up.
In NoDa, for example, Atlanta developer Wood Partners launched its Alta Filament apartment development on North Davidson Street between East 21st and 22nd Street last month. It will add 352 one, two and three bedroom units to this 4-acre site, which once housed southeastern lighting.
In the South End, RangeWater Real Estate and its financial partner ParkProperty Capital broke new ground on The Raven at Tremont, at 536 W. Tremont Ave. This project will include 261 one- and two-bedroom apartments.
Elsewhere in Charlotte, Redwood Living Inc. began work in October on another single-story apartment project in the local market – this one in the Highland Creek area – and Crescent Communities will begin construction on its local market. 311-unit apartments in University City on November 4.
Such projects were not just taking shape within city limits.
White Point Partners’ $ 60 million mixed-use project for 300 apartments in downtown Rock Hill opened last month, and Josh Barnhardt of Iron Horse Development begins renovating $ 3.5 million. dollars of The Salisbury building in the city center of this town. This will result in 12 new apartments.
And several single-family residence and townhouse projects opened for sale last month, including the luxury townhouse community of Hopper Communities in Myers Park; three townhouse subdivisions by Tri Pointe Homes in South Charlotte, Kannapolis and Mooresville; and the Ridgecrest community of Toll Brothers on Indian soil.
Looking ahead, Charlotte City Council received an update in early October on the massive and planned development of the Crescent Communities River District between the Catawba River and Charlotte Douglas International Airport. Construction of the first phase, which includes a housing component, could begin by the end of the year.
And if multiple rezoning approvals by executives in Charlotte and the surrounding area last month are any indication, a plethora of additional residential projects will be added here in the coming months.
CBJ’s latest real estate roundup provides a closer look at residential developments planned or underway in the Charlotte area. Check it out here.
(SEE BELOW: Charlotte Announces $ 250 Million Investment in Education, Housing and Jobs Towards Racial Equality)
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