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Apartment apprehension (access required)

Providence Pointe residents Robert Bizon, left, and Mark Elchert walk Tuesday by a site where an Ohio-based company plans to build more than 200 apartments, a project Bizon and Elchert are against. Photo by Neil Redmond

GCI is looking to build about 250 apartments on the site next to Providence Pointe and has asked the city to rezone the property from “MX-2 mixed-use” to “UR-2 urban residential conditional” so the company can get started on its project. Opponents, though, say they are worried about, among other things, the project bringing more traffic to the area.

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New Forum putting focus on couples, singles (access required)

Charlotte will have 98 more apartments come August when Charlotte-based developer New Forum opens The Lofts at Charleston Row as part of the Ayrsley mixed-use development. And New Forum has a specific type of tenant in mind for those units: couples and singles looking for a more urban lifestyle.

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Building a bubble? Developers plan to add thousands of apartments to the metro area, which has some wondering about overbuilding (access required)

It’s a lot of apartments. There are 7,000 units planned for the Charlotte area, mostly for the area north of the city. More than 1,000 units are under construction, and it’s no wonder why developers are salivating over apartments: Now’s a good time to be in the rental business, thanks to tougher lending practices that make it harder for people to buy homes and a major dip in confidence in owning brought about by the housing market’s collapse.

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