Forestar Group has quietly kicked off work on another apartment complex at Kenilworth Ave. and Morehead Street, which will bring 379 more apartments to a part of Charlotte that’s seeing rapid growth.
The Dillon, as it will be called, is across the intersection from Terwilliger Pappas’ Solis Dilworth apartments, and down the street from Crescent Dilworth. Solis Dilworth is under construction with delivery pushed back from summer 2016, while Crescent Dilworth is leasing units and opening soon.
Altogether, the three new apartment complexes will bring about 850 new apartments to the stretch of Morehead Street near Carolinas Medical Center and the Little Sugar Creek greenway. The Dillon will be the largest of the three apartment complexes, and the project includes a planned 12,000 square feet of retail and restaurant space.
The project is expected to be complete by year end 2017, at a cost of between $81 million and $83 million. Construction equipment and workers have been at the Forestar site all week. The company is also starting a new building in Nashville, capitalizing on growing markets in the Southeast.
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“Two new multifamily projects started construction in second quarter, Music Row in Nashville and Dillon in Charlotte,” the company said earlier this month in its second-quarter earnings report. “These two projects are wholly-owned, and are expected to represent an additional 609 multifamily units.”
Forestar bought the site at Kenilworth and Morehead and demolished several older, vacant buildings. But the site has sat mostly idle since then.