A developer has bought an older apartment community in the Elizabeth neighborhood, real estate records show, and plans to demolish them and replace them with townhouses.
The Martha Washington apartments at Dotger and Kenmore avenues, which date to 1940, were sold to Pulte Homes in a deal that closed Monday, records show. Pulte Home paid just over $9.8 million for the nearly 10-acre site.
A Pulte Homes representative couldn’t be reached Wednesday for more information.
Planning documents, filed in November, show a new development named Elizabeth Glen would have 124 townhouses on the nearly 10-acre site.
The site had been owned by Consolidated Realty Company. The 82 apartments at Martha Washington rented for under $1,000 a month, well below the average in the area. Many one- and two-bedroom units rented for $500 to $600 a month, according to old real estate listings.
Pulte Homes is active in several other close-in Charlotte neighborhoods. The company is building townhouses at the Scaleybark light rail station starting at about $408,000, and on South Boulevard at a community called Belton, starting at $435,000.
In October, Pulte Homes bought a 6.6-acre site at Seigle Avenue and 10th Street for $10 million. The company is planning to build more than 100 townhouses.