CHARLOTTE — While several apartment developments in Charlotte have gotten rolling in recent weeks, others wrapped up work and delivered units.
One of the biggest — and most recent — projects to see dirt move is Queensbridge Collective at 1111 S. Tryon St., on the edge of South End and uptown. Chicago developer Riverside Investment & Development Co. officially broke ground on that $700 million development in May; the 2.75-acre site will eventually house a 35-story, 600,000-square-foot office building and a 45-story multifamily tower with about 400 units and parking, as well as 20,000 square feet of ground-floor retail.
Elsewhere in Charlotte, Atco Properties & Management is underway on Camp North End’s first apartment project, which will add 301 units there; Taft Family Ventures has started site work on its 241-unit Adler Montford Park apartment community near Park Road Shopping Center; and RangeWater Real Estate is planning to break ground this month on a 350-unit apartment community in lower South End.
Among the latest projects to deliver are Northwood Ravin’s second phase of Providence Row, which added 333 apartments to the SouthPark development; the Alta Filament multifamily development in the NoDa area; phase two of Courtney Ridge Apartments — a 180-unit, 13-acre expansion of the existing Courtney Ridge property in lower South End; and Elan Research Park in University City.
Others still are early in the development process. That includes The NRP Group filing a rezoning petition with the city for a multifamily project near Optimist Park, and SunCap Property Group winning rezoning approval of a mixed-use development with up to 300 apartments in Dilworth.
The apartment boom isn’t confined to city limits either. In the surrounding region, there’s a couple of new apartment projects planned in downtown Pineville as well as in Gastonia’s Franklin Urban Sports and Entertainment District, to name a few.
Check out CBJ’s latest real estate roundup for a closer look at the latest multifamily and single-family residential developments that are planned or underway across the Charlotte area.
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