A new development is underway in South End, with 29 townhouses set to be built on the site of a former industrial building once used for bookbinding.
Called Helix, the development is a joint venture of BPA Residential and Selwyn Property Group. Demolition work on the building located at Hawkins and Doggett Street has already begun.
James Cole of BPA residential said the venture has been looking at the site since 2012. The townhouses on the 1.1-acre site, which will be priced from the low $200s to the mid $400s, will be between 1,038 square feet and 2,137 square feet and have one to three bedrooms. Although South End has sprouted plenty of apartment complexes, Cole said there aren’t enough options in the area for people who want to buy after they rent.
“There’s really been a complete hole in the market from a for-sale standpoint,” Cole said.
Sign Up and Save
Get six months of free digital access to The Charlotte Observer
The townhouses will feature a modern look and feel, a contrast with the surrounding older mill architecture and nearby houses.
“We chose the name Helix to reflect a unique transformation of this site as well as the its interconnection with the most established residential, retail, office and restaurants in South End,” said Patrick Pierce, of Selwyn Property Group. “We are confident this community will be desirable to potential buyers that want a different look from craftsman styles of older units.”
Although pre-sales don’t officially start until the end of April, Cole said interest has been strong, with three buyers handing over checks already and 78 prospects registered online as of Friday. About 90 percent of their prospects are people renting in uptown or South End, Cole said.
There have been fewer townhouse projects built in South End because the financing and land have been harder to come by in recent years, Cole said.
“These projects have been harder to do because the banks have not been lending and all the available sites have been gobbled up for apartments,” he said.
Here’s a bit more on what the Helix townhouses will feature:
▪ Units facing Doggett Street will have terraces with skyline views.
▪ One- or two-car garages, with street parking nearby as well.
▪ Granite counter tops and Bosch stainless steel appliances
▪ Tax credits of $10,000 or more because of the area’s designation as a brownfields redevelopment site.