A luxury apartment developer from Florida is targeting a site at South Boulevard and Poindexter Drive for up to 200 new apartments in a seven-story building, according to a recent rezoning petition.
The plans were filed by an affiliate of The Bainbridge Companies. The Florida-based company, which has an office in Cary, develops and manages high-end apartments. A Bainbridge executive couldn’t immediately be reached Thursday. This would be Bainbridge’s first Charlotte apartment development.
The new apartments would be the latest addition to a corridor that’s experiencing very intense redevelopment.
The 1.6-acre site backs up to the Blue Line light rail at the northeast corner of a South Boulevard intersection, across Poindexter Drive from the Colonial Reserve at South End apartments. The Bainbridge site is diagonally across from the former Sedgefield Shopping Center, which Marsh Properties is tearing down and redeveloping as a mixed-use site with apartments and retail anchored by a new Harris Teeter.
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The site is also a block north of the former Pepsi bottling plant on South Boulevard, which Lennar Multifamily is planning to redevelop with new apartments. And just further up South Boulevard, at Remount Road, Terwilliger Pappas announced plans this week to build a 300-unit apartment complex called Solis Southline.
About two-thirds of the Bainbridge site is vacant and used for surface parking. The other part is a one-story commercial building.
The proposed apartment building would wrap around an internal parking deck, according to the rezoning petition. The plan is set for a hearing before Charlotte City Council on Dec. 14.