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Mixed-use project planned near Music Factory

: The Ark Group, which developed the NC Music Factory, has plans to build an office building, apartments, a hotel and retail space on more than 20 acres next to the Music Factory. Photo by Eric Dinkins

: The Ark Group, which developed the NC Music Factory, has plans to build an office building, apartments, a hotel and retail space on more than 20 acres next to the Music Factory. Photo by Eric Dinkins

CHARLOTTE — Silver Hammer Properties Inc., an affiliate of The Ark Group, recently filed a rezoning petition for 21 acres next to the NC Music Factory with plans for a mixed-use project that will include an office building, apartments,a hotel and retail space. The Ark Group also owns and developed the Music Factory.

A public hearing on the rezoning is scheduled for June 15, and Ark Group CEO Rick Lazes said he hopes to start construction during the summer on what will be known as Uptown Village, with completion scheduled for fall 2016.

AvidXchange Inc., a privately owned Charlotte-based software company that automates bill payments, will be moving into the 200,000-square-foot, six-story office building once its complete.

A six-story apartment building will hold 400 units, and Lazes said the rental rates will be no more than $1,000 a month.

“We think that’s a niche in the market that’s been overlooked,” he said.

The apartment building will offer studio, one- and two-bedroom units – some with balconies – and include a rooftop terrace with a picnic and grilling area.

Lazes would not say what brand the hotel will be, but he did say it would offer 150 rooms, and he described it as “boutique” and “upscale.”

Uptown Village will also include 10,000 square feet of retail space that will house restaurants and shops, according to Lazes.

The Ark Group is working with Red Rock Developments, which has offices in Charlotte, to develop the site.

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