Mecklenburg Times: News for Mecklenburg, Union and Iredell counties Real Estate, Development, Construction, and Community News in the Charlotte area and throughout Mecklenburg, Union and Iredell counties
CHARLOTTE – Mecklenburg County last week issued more than $500,000 in building permits to Altamonte Springs, Fla.-based ContraVest for the $32 million, 321-unit Addison at South Tryon apartment complex.
Site work began in January on the project, which will go up on South Tryon Street in southwest Charlotte. Scott Steinhilber, predevelopment manager for ContraVest, said the site work is still ongoing. The latest permits were for 13 retaining walls and were valued at $506,111, according to Mecklenburg County records.
Steinhilber said the site work was going smoothly, with the exception of one problem that has likely affected most Charlotte-area construction projects lately: poor weather.
“We just wish it wasn’t one of the wettest winters (Charlotte’s) had on record,” he said.
ContraVest, which is also the general contractor on the project, is set to start work on the clubhouse foundations in the second week of March, Steinhilber said, adding that he expects The Addison to go vertical in early April. The first units will be available in October and he said the project should be completed by April or May of 2014.
