Business

Hundreds of new townhouses are coming to the light rail. Starting price: Low $200,000s

The 2,000-square-foot floor plan named the Stratford.
The 2,000-square-foot floor plan named the Stratford.

Colorado-based homebuilder Century Communities said Wednesday that it’s building 239 new townhouses near the Arrowood light rail station on the Blue Line.

The company bought almost 50 acres of land just south of the station’s park-and-ride lot earlier this year for $8 million, real estate records show. The land has been long-intended for residential development, with a grid of streets laid out, but it’s so far remained vacant.

Century said they’re planning to start construction and open sales this month, and will have two models built at the site by early 2018. The development will be called Hadley Park, executives said, and it’s Century’s first townhouse development in Charlotte.

“We are very excited to enter into the Hadley Park community,” said Rick Carruthers, southeast regional president for Century Communities, in a statement. “With this development, we are committed to providing Charlotte homebuyers with exceptional options that help fill a current void within the market while also supporting the city’s efforts for sustainable growth.”

The development will be within walking distance of Arrowood Station, and prices will start in the low $200,000s. Century plans to develop two styles of townhouse on the site, both with multiple bedrooms and attached garages. Community amenities will include a pool with shaded cabanas.

You can find more information at https://www.centurycommunities.com/find-your-home/northcarolina/charlotte-metro/charlotte/arrowood-station.

Ely Portillo: 704-358-5041, @ESPortillo

  Comments