Business

Check out Charlotte’s new crop of apartment towers – and how much rent costs there

Developers in Charlotte haven’t built a new condo tower since the recession, but they’re still churning out high-priced luxury apartment towers.

These tend to be the most expensive rentals in the city, largely because of their high construction costs, premium land prices and over-the-top amenities. Two apartment towers opened in Charlotte this year, two more are under construction and at least one is on the drawing books.

Here’s a look at the new apartment towers in Charlotte and how much it would cost you to live there.

Market 42

Developer: Lennar Multifamily

Market 42 rendering
Market 42 rendering Courtesy LMC

Location: North College and Eighth streets

Breaking ground: 2018

Number of apartments: 548, split between a mid-rise building and a 33-story tower.

Rent: TBD

Uptown 550 on Stonewall

Rendering of Uptown 550 on Stonewall.
Rendering of Uptown 550 on Stonewall. Front Top Computer Graphics

Developer: Northwood Ravin

Location: Stonewall and Caldwell streets.

Opening: Late 2018

Number of apartments: 421, split between a 22-story tower and a mid-rise building (about 143 units in the tower).

Rent: TBD

Novel Stonewall Station

Developer: Crescent Communities

Crescent Stonewall Station
Crescent Stonewall Station Crescent Communities

Location: Stonewall Station on the Blue Line light rail

Opening: 2018

Number of apartments: 459, split between a mid-rise building and a 20-story tower (121 units in the tower).

Rent: $1,510 and up for a one-bedroom, $2,098 and up for a two-bedroom, according to leasing website.

Museum Tower

Developer: Childress Klein

Museum Tower apartments.
Museum Tower apartments. Ely Portillo

Location: On top of the Mint Museum at 550 S. Church Street.

Opened in 2017

Number of apartments: 394 units in a 43-story tower.

Rent: $1,815 and up for a one-bedroom, $2,992 and up for a two-bedroom, per leasing website.

Ascent

Developer: Greystar

Ascent
Ascent Ely Portillo

Location: Third and Poplar streets

Opened in 2017

Number of apartments: 314, in a 33-story tower.

Rent: $1,925 and up for a one-bedroom, $3,060 and up for a two-bedroom.

Ely Portillo: 704-358-5041, @ESPortillo

This story was originally published December 22, 2017 at 7:39 AM with the headline "Check out Charlotte’s new crop of apartment towers – and how much rent costs there."

Get unlimited digital access
#ReadLocal

Try 1 month for $1

CLAIM OFFER