Development

Studio apartments start at $1,135, and that's the cheapest at new Charlotte buildings

Affordable apartments are disappearing, and people on fixed incomes are feeling it.

That's the predicament Richard Simmons, 71, finds himself in. He wonders how much longer he can afford his apartment on a fixed income when his rates have gone up about 40% in five years.
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That's the predicament Richard Simmons, 71, finds himself in. He wonders how much longer he can afford his apartment on a fixed income when his rates have gone up about 40% in five years.

Charlotte's apartment boom is far from over, and the newest crop of luxury buildings to hit the market features amenities from dog spas to private wine cellars — and price tags to match.

With some 27,000 new apartments planned or underway, prices are still rising across much of the city. Prices remain highest, predictably, at the newest apartments (though you can likely get some deals on rent at brand-new buildings, such as one or two months free).

Here's a look at how much new apartments cost in four new buildings.

Overton Row

You might recognize this apartment building on Central Avenue in Plaza Midwood from the Thirsty Beaver, a small cinder block bar whose owners wouldn't sell to the developer. The apartments are wrapped around the bar, sort of like the house in Pixar's movie "Up."

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The Thirsty Beaver at 1225 Central Ave. in Charlotte, N.C., has hung on through a disruptive construction project of new apartments that has literally turned it into Plaza Midwood's version of the house from the movie "Up." The business is owned by brothers Mark and Brian Wilson.

Amenities at Overton Row, with 323 units, include a pool, a gym with on-demand fitness video classes, fire pits, a dog park with wash stations and a concierge.

A studio apartment starts at $1,135 a month, a one-bedroom apartment costs $1,255, and a two-bedroom apartment goes for $1,745 and up.

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Providence Row

Developed near Providence and Fairview roads, these apartments total 326 units. Amenities at Providence Row include a wine room and wine lockers for residents, a golf simulator, a gym with a yoga room, a sauna, a steam room, a massage room, a car wash, a pet spa, a swimming pool and a hot tub.

A studio apartment at Providence Row starts at $1,335 a month, while some one-bedroom units start at $1,290. A two-bedroom starts at $1,920, while a three-bedroom apartment goes for $2,325 a month or more.

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Greenside

The intersection of Kenilworth Avenue and Morehead Street has already been drastically transformed with new apartments, and the 225-unit Greenside building on Harding Place is the latest in that wave of new building.

Tucked behind Lincoln at Dilworth (itself opening soon), the new apartments at Greenside start at $1,219 for a studio. A one-bedroom unit starts at $1,429 a month, and two-bedrooms are listed at $1,899 and up.

For that, you'll have access to a gym with a yoga studio, a concierge package service, a lounge with a game room and billiards, a demonstration kitchen, a dog park and pet spa, a pool and a "private social network" for residents.

Links at Rea Farms

These 455 new apartments are part of the massive Rea Farms mixed-use development on Providence Road, just south of Interstate 485, on the site of a defunct golf course.

The apartment community includes a virtual golf simulator, a dog park and pet spa, two swimming pools, a gym with a yoga and spin studio, concierge services and a game room with billiards.

Apartments at the development start at $1,185 for a studio, $1,240 for a one-bedroom, $1,665 for a two-bedroom and $2,130 and up for a three-bedroom.

Charlotte apartment developers are turning to ever-more-luxurious amenities to lure renters in the city's crowded market.

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Rea Farms, just south of Interstate 485, as seen from the air. Courtesy Lincoln Harris

Portillo: 704-358-5041
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