Charlotte City Council Approved 1,250 New Apartments Monday Night

Press Release

By Ely Portillo, The Charlotte Observer

Charlotte City Council was busy at their monthly zoning meeting Monday night, approving plans to build 1,250 new apartments throughout the city.

Charlotte, in case you haven’t noticed, is in the midst of a record-breaking apartment boom. And given the pace developers are filing plans to build new apartments, it doesn’t seem like they’re slowing down anytime soon.

Here’s a quick look at the projects that City Council voted to approve at Monday’s meeting, with links to longer stories about each:

▪ South End: Pollack Shores, an Atlanta-based developer, won approval to build a 350-unit apartment building at South Tryon Street and Tremont Avenue. Actually, the approved plan allows for up to 402 units, but Pollack Shores has said it doesn’t plan to build that many. The site is currently occupied by warehouses.

The apartment building would include up to 2,500 square feet of non-residential uses on the ground floor, such as shops or offices. The apartment building will be the first phase of Pollack Shores’ development, with the eastern half of the site, closer to Hawkins Street, being developed in the future.

▪ NoDa: Eller Capital Partners is planning to build about 200 units and 5,000 square feet of retail adjacent to the 36th Street Station, on the light rail extension in NoDa. The Raleigh-based developer plans to complete the project in 2018. (Check out a rendering of the project here).

▪ NoDa, again: Also near the 36th Street Station, Charlotte-based Flywheel Group has a 300-unit apartment building called Belle NoDa on the drawing board. City Council on Monday approved the associated rezoning request at Philemon Avenue and Craighead Road. Tony Kuhn, head of Flywheel Group, hopes to break ground by the end of the year.

▪ Elizabeth: It’s been more than a year since Charlotte-based apartment developer Faison filed plans to build apartments at Seventh Street and Caswell Road on the Jackalope Jacks site. The neighborhood originally opposed the plan, but supported it after Faison halved the number of apartments to 100 units. The development will also include 30,000 square feet of shops and restaurants. City Council approved the development in an 8-2 vote Monday.

▪ Northlake: Woodfield Investments won approval for the next phase of its Northlake apartments, near the mall and Interstate 485. The site is next to the company’s first phase of Woodfield Northlake, which totals 310 units and is slated for completion in the third quarter of this year. The second phase will include up to 300 units.

Read the full article here.