A new townhouse development is taking shape in South End, part of a small but growing number of for-sale units in what has for years been the city’s hottest market for new apartments.
David Weekley Homes said this week that it will price the 21 units it’s building on Ideal Way, near Mac’s Speed Shop in South End, starting in the $380,000-range. The company is offering five floor plans, ranging in size from 1,400 to 2,000 square feet, and the townhouses will be three stories.
The first phase, under construction now, will include seven units. It’s called Central Living at Ideal Way.
South End has been the epicenter of Charlotte’s booming market for new apartments for years, with thousands of new units coming online since the Lynx Blue Line light rail opened. But developers are starting to build more for-sale housing, especially townhouses, in the area. They’re responding to a demand they believe exists from people who have been renting in the area and now want to own without sacrificing their close-in location and access to the light rail, restaurants and breweries.
So far, the amount of for-sale housing is still dwarfed by the new apartment complexes under construction or on the drawing books. A couple blocks from Central Living at Ideal Way, for example, apartment developer Terwilliger Pappas is building a 300-unit building called Solis Southline, at South Boulevard and Remount Road. And that’s just one of a half-dozen similarly sized projects in South End, in addition to the thousands of apartments that have already been completed.
By comparison, most of the townhouse developments total just a couple to several dozen units. Nearby communities underway by other developers include SouthPoint at South End (53 units by Hopper Communities) and Helix (29 units by BPA Residential and Selwyn Property Group).