CHARLOTTE – Goode Properties, a local developer, plans to redevelop a 20-acre site between Monroe Road and Independence Boulevard into a 100,000-square-foot mixed-use property with 260 apartments, according to a news release from the company.
The project, which is being called Meridian Place, will border the 1.6-mile extension of Independence Expressway, near the future interchange at Idlewild Road, the release says.
In addition to commercial space and apartments, Meridian Place will have pocket parks, plazas, landscaped walks and public art, according to the release. Roy Goode, owner of Goode Properties, said his company has been working with the surrounding neighborhoods – Stonehaven, McClintock Woods and East Forest – in the planning of the project.
“We are really excited to be able to work in conjunction with the residents of this area as we develop the various aspects of Meridian Place,” Goode said in the release. “My family and I have lived and worked in this part of Charlotte for decades, and we are thrilled to have the kind of support and creative input that we are receiving.”
Before construction can start on Meridian Place, crews will demolish an existing apartment community, said Burt Phillips, spokesman for the project. The Silver Oaks apartment community, which has changed names over the years, was built in the 1950s, Phillips said. Demolition will start within the next two weeks.
Goode is holding a groundbreaking ceremony on May 13, but won’t start heavy construction for a few months, Phillips said. The new apartments are slated to take between 16 and 18 months to finish, and the commercial property may take a couple of years.
Goode, the city of Charlotte and the project’s design team have aimed to redevelop the property in a manner consistent with the transit-oriented developments proposed in the 2013 Independence Boulevard small-area plan, according to the release.
“The neighborhoods surrounding Meridian Place are excited about its development and see it as a project that can really enhance this area,” John Autry, District 5 representative on the Charlotte City Council, said in the release. “For all of its strength as a great residential section of the city, the area has been underserved, and Meridian Place can help change that.”
“We are hopeful that Meridian Place will provide great places for us to shop, do business, dine and get together,” Kathy Hill, a resident of Stonehaven, said in the release.
The Meridian Place design and development team includes Axiom Architecture, The Housing Studio, and Urban Design Partners, according to the release. Childress Klein Properties is the leasing agent for the retail and office components of Meridian Place.
Goode Properties is also working with community organizations and businesses to salvage and recycle many of the materials from the existing apartment project. Appliances will be recycled and much of the brick exteriors, concrete and asphalt will be ground and utilized for roadbeds, the release says.