VeLa Development Partners will break ground early next year on a $170 million project that will replace the Levine Museum of the New South’s former home with high-rise apartments.
Nick Benjamin, principal at VeLa, told CBJ on Wednesday that its plans for 200 E. Seventh St., the former site of the museum, are well underway. The 32-story multifamily tower will have 379 units, including include studio-, one- and two-bedroom apartments; one- and two-bedroom duplexes; and two- and three-bedroom penthouses.
The Levine Museum sold its uptown building to VeLa Development Partners, a venture of Missouri-based VeLa and Connecticut-based Post Road Group, CBJ previously reported. The $10.75 million sale closed on March 31, according to Mecklenburg County real estate records.
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