A new development with shops and hundreds of apartments is proposed for northeast Charlotte, according to a rezoning plan recently filed with the city.
The project would be built on 65.7 acres at the interchange of West Mallard Creek Church Road and Interstate 85. That’s just south of the interchange between I-85 and the recently completed I-485. The undeveloped land, adjacent to Mallard Creek Presbyterian Church and the Claybrooke subdivision, is currently wooded.
According to the rezoning plan, filed by Browder Group Real Estate and Charter Properties, the site could see up to 395 apartments and 160,000 square feet of retail space. A preliminary site plan shows apartment buildings with surface parking on the northern portion of the site and a grocery store, other shops and several outparcels on the southern part.
A new public street and an extension of Galloway Road would run through the development, which would also include a pool, clubhouse, playground, park, multi-use trail and protected area around the Stony Creek tributary on the site.
Real estate records show an affiliate of Browder Group, a Charlotte-based real estate firm, owns the largest single portion of the site, 30 acres for which it paid just over $2.6 million in 2011. Matt Browder, with the firm, couldn’t immediately be reached for more information Monday.
Charter Properties, the other partner on the project, operates several apartments in and around Charlotte, including locations in Mooresville and Fort Mill.
Charlotte City Council will hold a hearing on the plan and vote on it in the coming months.