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 – Levine Properties has announced plans to build a 105-unit boutique apartment community just south of Plaza Midwood.
Levine bought three parcels of land totaling 1.2 acres along Commonwealth Avenue in Chantilly for about $2 million in October, according to county records. The company plans to demolish existing buildings this month and to begin construction in December.
It expects to open the community, which does not yet have a name, in early 2016.
“Plaza Midwood is such a historic area for both the city and the Levine family,” said Daniel Levine, president of Levine Properties, in a statement. “It’s like coming home for me with my Dad and his two brothers all having their first storefronts, Pic N Pay Shoes, Family Dollar Stores and Sherman’s Ltd., on Central Avenue more than 50 years ago. We look forward to bringing boutique apartment living to this authentic neighborhood that has stood the test of time and appeals to all ages.”
The community will contain a mix of studio, one-, two- and three-bedroom units. Plans include a four-story building with two-story town homes topped by apartments, with covered parking and a private amenity courtyard above the parking.
Clancy & Theys is the general contractor, and other partners include Axiom Architecture, Orsborn Engineering and The Drakeford Co., which specializes in infill development and brokerage.
“This development will bring our multi-family portfolio in Charlotte just shy of the 1,500 unit mark,” said Brian Nicholson, development and construction director for Levine Properties. “Through acquisitions of existing assets and new construction, it’s our goal to be one of Charlotte’s leading multi-family owners.”
