Those looking to buy a house in Charlotte may soon have more options to choose from in the near future. During recent months, local construction professionals have increased their efforts in hopes of meeting the growing demand of area buyers, and now, a number of new housing projects are planned for the neighborhood of Myers Park.
A four-unit residential building on Selwyn Avenue in the Queen City community may soon be demolished in order to make space for a condominium development composed of 10 luxury homes, according to the Charlotte Business Journal. The existing brick structure will be replaced with an upscale complex that boasts units with private balconies, ample surface parking and an exquisite garden, although no details were made available as to what development company will handle the work.
The news source did report, however, that the local construction firm Cox & Schepp is currently handling project permitting. In addition, it was noted that the building's four sellers collectively decided to sell the property together, as they determined they could realize the highest returns if it was sold as a whole. It is currently under contract.
Other residential development anticipated for area
As planners continue move forward on the lavish condominium project, others businesses are eyeing Selwyn Avenue as the sight for further development.
In a separate report, the Charlotte Business Journal said local developer Jim Gross is looking to break ground on a high-end housing complex just down the street, near Queens Road West. The proposed project, dubbed Kenwood Myers Park, would see the construction of seven two-level attached homes. Units will range in size from 2,950 square feet to 3,350 square feet, but each includes three bedrooms as well as three-and-a-half baths.
According to the local news source, the planned homes will also feature elevators, and be sold at prices between $1.1 million and $1.4 million. This marks Gross' first major project since 2005. The developer, who is credited with building the first residential tower in South End and crafting condos out of the old Lance cracker factory, has a storied past in Charlotte's housing market – and could also have a bright future.
Those hoping to make a move to the Queen City may be finding themselves in increasingly better position to do so, as residential improvements are completed daily throughout the metropolitan area. For the latest information regarding the local housing market, contact the professionals at Lodestone Real Estate. The agency's cutting-edge database and high level of customer service has established it as an area authority.