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Thursday, July 10, 2008

More Specifics on South End Condos

July 10, 2008

Lynnsy Logue The Real Estate Lady and Condo CanDo in Charlotte, NC
More specifics on Condos in South End…Lynx spurs housing boom in South End
The Charlotte Observer, Nicole Bell

South End projects
Several residential projects are under way in South End along the light rail line. They include:
Silos at South End:
The first phase of the project at South Boulevard and Remount Road, is a $45 million investment including 113 residential units and 70,000 square feet of commercial space. The first phase is expected to open sometime in summer 2009.
This project located at South Boulevard and Ideal Way will feature 89 two-and three-level lofts. A revised plan also includes 56 condos with a skyline view. Developers hope the project will be completed by 2011.
Circle at South End: This 360-apartment building on South Boulevard at Bland Street is expected to be done in October 2009.
Ashton South End: Located at Camden Road and Tremont, Ashton South End will feature an 11-story residential building featuring about 300 upscale apartments. It's expected to open in February.
The number of people living in Historic South End is expected to triple in the next two years, reaching a population of about 7,000 residents, according to Charlotte Center City Partners.
The rush of residents comes as developers begin to complete several housing projects in the area.
Much of the growth, they say, is because of the light rail.
“It's very rare that you see an entire residential neighborhood established overnight,” said James Mathis III, director of Historic South End. “It'll be exciting to see all those people walking around in the area at 11 o'clock at night.”
Historic South End spans from Morehead Street on the north to Remount Road on the south. It's bordered by South Boulevard on the east and South Tryon Street on the west.
The area was a thriving manufacturing community in the 1850s. It declined when the textile industry faded in the '70s and '80s. Revitalization efforts in the '90s brought a crop of restaurants, shops and design-related industries. Many were interested in reusing the old mill buildings and warehouses.
The launch of light rail in November has also helped South End.
The projected growth would push South End close to Uptown's existing population of 10,800.

Lynnsy Logue The Real Estate Lady and Condo CanDo in Charlotte, NC

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