The Charlotte-Mecklenburg Housing Partnership said it has selected Standard Pacific Homes to build the first single-family homes at Brightwalk in Historic Double Oaks.
The housing partnership developed the mixed-use neighborhood about one mile north of Uptown Charlotte.
Irvine, Calif.-based Standard Pacific Homes will initially build about 20 homes priced from $120,000 to more than $300,000. Construction is scheduled to start in early 2012, with the first models to be completed by early spring.
Brightwalk is part of Charlotte’s 2020 Vision Plan for the redevelopment of the 98-acre Double Oaks community. Long-term plans call for more than 1,000 homes and apartments, along with parks, greenways, shops, restaurants and offices.
The nonprofit housing partnership bought Double Oaks in 2007 for $12 million it borrowed from Wachovia, said Pat Garrett, president of the housing partnership. Through a combination of private and public funds, the city of Charlotte paid the housing partnership about $25 million to redevelop Double Oaks.
In 1950, C.D. Spangler Construction developed Double Oaks. Redevelopment began in 2007 when the housing partnership tapped Charlotte-based Shook Kelley to create a master plan.