A developer is planning to build up to 343 new residential units between North Tryon and Graham streets just north of uptown, according to a recent rezoning petition.
The 11.4 acre site is between 24th and 26th streets, along both sides of North Pine Street (Yes, that is a plane in the Google Map satellite image captured below).
The land is part of a larger, 47-acre assemblage owned by Charlotte-based Vision Ventures. Real estate records show MREC Vision Northend LLC purchased the tracts for $2.45 million in August. The site is currently vacant. It was formerly occupied by one-story, vinyl-sided rental houses in the Tryon Hills development, which have been demolished.
Digital Access for only $0.99
For the most comprehensive local coverage, subscribe today.
The rezoning request, filed last week, shows townhouses running along Catalina Avenue. Other buildings on the site could include four-story buildings, which would larger accommodate multifamily buildings (apartments) to make up the bulk of the 343 residential units.
The rezoning request lists Todd Jackovich, a Nashville-based developer, as the petitioner. Jackovich’s firm, called Stonehenge Real Estate Group, has developed apartments and mixed-use projects in Nashville.
Jackovich couldn’t immediately be reached for more details on Friday. Charlotte City Council will hold a hearing on the rezoning plan and vote on it in the coming months.
The project would be the latest major change in a fast-evolving part of Charlotte. In August, Vision Ventures completed the sale of the nearby Hercules Industrial Park, a shuttered missile factory, to New York-based developer ATCO. Along with the former Rite Aid warehouse next door, ATCO – which bought the sites for $13.5 million – is planning a major mixed-use development. That could reshape 75 acres between Statesville Avenue and North Graham Street, three blocks from the Vision Ventures/Stonehenge project.