CHARLOTTE – Developers are betting on the booming rental market, with several filing rezoning requests with the city to add apartments across Charlotte. Others are promoting townhome and single-family construction, both with and without mixed uses. The largest project by far calls for a mixed-use retirement community on 371 acres east of Interstate 485.
The Charlotte City Council will hold public hearings on the petitions Sept. 21.
Kolter Homes of Florida is targeting retirees and active adults with plans for up to 850 detached single-family homes at the northwest corner of Rocky River Church and Albemarle roads. The site east of Charlotte and north of Mint Hill would feature up to 180,000 square feet of commercial space that could include up to 230 continuing-care units.
According to the site plans, single-family homes would have a maximum height of 40 feet and lot sizes would be a minimum of 3,800 square feet. Kolter has dubbed the project Cresswind.
The land is currently vacant, with the exception of a restaurant and a couple of houses. It is zoned single- and multi-family residential and general business with conditional use. The company wants to change that to neighborhood services with five-year vested rights and innovative mixed use with five-year vested rights.
Vested rights allow projects to be completed in accordance with land-use plans and regulations in effect when the projects were proposed or approved, without regard to any subsequent changes in land-use regulations.
Elsewhere, Crescent Acquisitions wants to continue expanding in NoDa. The company seeks to develop up to 450 for-sale single-family units and/or townhouses and up to 20,000 square feet of retail space on 28 acres. The property is on the west side of Craighead Road between North Tryon and North Davidson streets.
Crescent has petitioned for a rezoning to transit-oriented development with mixed-use optional provisions and five-year vested rights from urban residential conditional use, light industrial, general industrial and general industrial conditional use.
In April, the City Council approved Crescent Communities’ request to rezone nearly 7 acres in NoDa to transit-oriented development with mixed-use optional provisions from general industrial. The property, at East 36th Street between Cullman Avenue and North Davidson Street, fronts the planned Lynx Blue Line Extension’s 36th Street station.
Representatives from Crescent have said maximum building heights would be 80 feet to allow for a possible hotel on the site. Multifamily development might include 325 to 350 units, with the potential existing for development of for-sale housing. Plans to “create a bold, modern urban space” include a structured parking deck to accommodate one space per bedroom, along with visitor and commercial parking. The site used to include the Newco Fibre Co. Foundry, which was demolished by owner Merrifield Partners last year.
More townhomes are planned by New Carolina Income Properties, which hopes to build 16 of them on less than an acre in the Wilmore neighborhood. The property is on the north side of Tremont Avenue between South Tryon and Hawkins streets. According to site plans, the developer would construct two buildings not exceeding three stories. An industrial foundry is currently on the site. New Carolina Income Properties hopes to rezone the property to transit-oriented residential development from general industrial.
Custom homebuilder Wade Miller wants to expand his portfolio with up to 29 single-family detached homes in south Charlotte. His company, Copper Builders Inc., has filed to rezone property on the north side of N.C. Highway 51 between Rea Road and Windswept Drive to urban residential conditional from industrial conditional. The acreage is currently zoned institutional conditional.
Copper Builders has two townhome developments in the works. They are Lumina Townhomes, a 13-unit site in South End, and Easton Park, which includes 34 townhomes near SouthPark at the corner of Colony and Carmel roads.
Meanwhile, the Elizabeth area may see more apartments heading its way. FCD Developments wants to construct a building with up to 200 units and 15,000 square feet of ground-floor retail, office and restaurant space. The 1.7-acre site, on the west side of East 7th Street between North Caswell Road and Clement Avenue, is zoned neighborhood services. FCD Development has requested a change to mixed-use development optional provisions. Site plans include structured parking and a courtyard. The building would be no taller than five stories. There are currently two commercial buildings and surface parking on the property.
Slightly to the northwest, developer 300 Parkwood want to construct an apartment complex with up to 50 units on the south side of Parkwood Avenue between East 16th and 17th streets. Site plans call for two buildings along with surface parking. The company has requested a rezoning to mixed-use conditional from single-family residential and neighborhood business. The 1-acre site currently has a couple of commercial buildings and residences.
Property owner 1351 Woodlawn wants to redevelop nearly 3 acres to accommodate single-family homes and apartments on the north side of Woodlawn Road and south side of Drexel Place. The company envisions a four- and five-story building with up to 265 apartments. Plans include an amenity courtyard and structured parking. The petition seeks a rezoning to mixed-use development district optional provisions from single-family, residential, and urban residential conditional.
Moving on to commercial projects, Randolph Road Redevelopment wants to put up to 185,000 square feet of medical, professional and office space on nearly 3 acres at the northwest corner of the Randolph Road and South Colonial Avenue intersection. Site plans call for up to four buildings and structured parking. The company seeks to rezone the site to mixed-use development with optional provisions from office.
And Lennar Multifamily Communities want to redevelop the former Pepsi Bottling complex in South End with a transit-oriented mixed-use development. The 4.7-acre site, owned by Charlotte Bottling, is currently zoned for general industrial use. It is at the northwest corner of South Boulevard and New Bern Street. Site plans were unavailable but the company says rental apartments would be included.
In other developments, The Gold District of Charlotte Inc. has filed a text-amendment application with the city to create an overlay district in South End that would attract retail, residential, entertainment, dining and office projects to the heavily industrial neighborhood. The 17-block area is bordered by West Summit Avenue and South Church, Graham and Morehead streets. The nonprofit, which promotes the area’s history of gold mining, says it is important to preserve the district’s architecturally significant structures.