With new apartment complexes popping up left and right in Charlotte, James McArthur wants in on the action. But don’t look for him to throw up a skyscraper of an apartment complex, at least not for the time being.
Why is northern Mecklenburg County experiencing an apartment-building boom but not the southerly towns in the county? And why, for that matter, is the northernmost town of Davidson being left out?
Nearly 1,000 rental units in multifamily complexes are in various stages in Huntersville and Cornelius, and that is apparently just the beginning of the apartment wave rolling across the shores of Lake Norman.
John Hayes has been trying to sell 18 acres on Johnston Road for more than four years. So, earlier this year, when Charlotte-based developer Childress Klein expressed interest in the site, Hayes was excited. Some of his neighbors are not.
The Plantation Park at Ballantyne apartment complex offers various tenant amenities, from a swimming pool to a clubroom with a wet bar and a 24-hour fitness center. And, as of this past May, the list now includes something for Plantation Park’s four-legged residents: a dog park.
Back when The Vue was a condominium project, a sale was a pretty rare thing. While there was little demand to own a Vue condo, apparently people have no qualms about renting there.
A thirty-four-acre property on Carmel Road will become residential multifamily if the City Council follows the committee’s recommendation. That change would allow the developer, Faison-Hollow, to tear down the midpriced apartment complex and build 390 upscale units.
GCI is looking to build about 250 apartments on the site next to Providence Pointe and has asked the city to rezone the property from “MX-2 mixed-use” to “UR-2 urban residential conditional” so the company can get started on its project. Opponents, though, say they are worried about, among other things, the project bringing more traffic to the area.
Charlotte will have 98 more apartments come August when Charlotte-based developer New Forum opens The Lofts at Charleston Row as part of the Ayrsley mixed-use development.
And New Forum has a specific type of tenant in mind for those units: couples and singles looking for a more urban lifestyle.
As demand for apartments soars across the Charlotte area, THS National will be giving Elizabeth Square apartments a roughly $150,000 new paint job.