Charlotte-based developer Levine Properties said Thursday that it plans to start work soon on a 105-unit boutique apartment development just south of Plaza Midwood.
The apartments are planned for the southwest corner of St. Julien Street and Commonwealth Avenue. Levine Properties plans to start construction in December. The apartments will be completed in early 2016, and the complex has yet to be named.
“Plaza Midwood is such a historic area for both the city and the Levine family,” Levine Properties President Daniel Levine said in a statement. “It’s like coming home for me with my dad and his two brothers all having their first storefronts, Pic N Pay Shoes, Family Dollar Stores and Sherman’s Ltd., on Central Avenue more than 50 years ago.”
The apartments will include studios and one-, two- and three-bedroom units. The complex will also include covered, secured parking and an “amenity deck” above the parking for residents.
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Mecklenburg property records show an affiliate of Levine Properties purchased the 1.2-acre site in October for just more than $2 million. The property is currently occupied by office and warehouse space.
Clancy & Theys will be the general contractor, while Axiom Architecture, Orsborn Engineering and the Drakeford Co. are also working on the project.
Brian Nicholson, Levine Properties’ director of development and construction, said the new apartments will give the company nearly 1,500 units.
“Through acquisitions of existing assets and new construction, it’s our goal to be one of Charlotte’s leading multi-family owners,” he said, in a statement.
Levine Properties recently started work on a high-profile development in uptown’s First Ward, breaking ground on a park that the developer expects to anchor an “urban village” attracting more than $1 billion worth of retail and residential development.