Building a bubble? Developers plan to add thousands of apartments to the metro area, which has some wondering about overbuilding

Building a bubble? Developers plan to add thousands of apartments to the metro area, which has some wondering about overbuilding (access required)

But others say scrutiny from lenders will mean some projects will probably never happen

It’s a lot of apartments. There are 7,000 units planned for the Charlotte area, mostly for the area north of the city. More than 1,000 units are under construction, and it’s no wonder why developers are salivating over apartments: Now’s a good time to be in the rental business, thanks to tougher lending practices that make it harder for people to buy homes and a major dip in confidence in owning brought about by the housing market’s collapse.

Login required


You have clicked on a link to information that is exclusive to Mecklenburg Times subscribers.

	Email Address: Password:	Already a paid subscriber but not registered for online access yet? For instructions on how to get premium web access, click here. Forgot Password?

Interested in Subscribing?

Start by choosing how you'd like your news delivered.

- Print and Digital -

- Digital Only -

Try Meck Times for a month for only $12.95
AND get a free whitepaper:

Construction hazard: New hires
mean greater exposure to litigation.

Click here to subscribe now.