Woodfield Investments is developing its biggest apartment project in Charlotte off Providence Road just south of Interstate 485, as part of the mixed-use Rea Farms project.
Master developer Lincoln Harris has been working on the project for over a year at the 194-acre site of the defunct Charlotte Golf Links course. Woodfield, one of the most prolific apartment developers in Charlotte, is developing the multifamily component of Rea Farms, which will include 455 units.
Chad Hagler, who oversees Woodfield’s Charlotte projects, said the apartments should break ground by the end of the summer.
“I’m really excited about this project,” said Hagler. The city of Charlotte recently approved the site plans and grading permits for the development. Once construction starts, the first units should be completed in about 12 to 15 months, Hagler said, with the whole project taking about two years to finish.
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The units will be incorporated into a variety of designs, including four-story buildings with internal halls and elevators, a three-story townhouse configuration and three-story buildings with open breezeways. Woodfield is also developing or has recently opened apartments at the N.C. Music Factory (205 units), Northlake Mall (310 units), Graham Street uptown (243 units), SouthPark (280 units) and NoDa (241 units).
Other parts of Rea Farms are coming together as well. Lincoln Harris has sold two parcels, totaling 34 acres, to Charlotte-Mecklenburg Schools for a new school and to Life Time Fitness for a new gym, set to open in spring 2017. Life Time Fitness paid $6 million and CMS paid $3 million for their sites.
Rea Farms is also set to include up to 650,000 square feet of office space, as well as shops and restaurants.
It’s not the only major development taking shape at Providence and Ardrey Kell roads. Across the street, Waverly, a 90-acre, Whole Foods-anchored mixed-use project, is closing in on opening its first residences and shops. And next to Waverly, Crescent Communities plans to start site work soon a 72-acre, mixed-use development to be called Providence Farms.