Development

Work begins that will bring hundreds of apartments near light rail in University City

Time lapse of the University area

Video shows changes in the University area in less than 10 years. Businesses and residential areas quickly went up along or near the light rail.
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Video shows changes in the University area in less than 10 years. Businesses and residential areas quickly went up along or near the light rail.

Work is underway on a project that will bring hundreds of apartments near the University City Boulevard light rail station, developer Panorama Holdings said Tuesday.

Panorama said in a release that it broke ground on the Lumeo Apartments, a 309-unit complex building off of University City Station Boulevard. The apartments will feature a clubhouse, resort-style saltwater pool, fitness center and walking trail. The firm said it expects to complete the first apartments in 2020.

Studio, one-, two- and three-bedroom apartments range from $1,050 to $2,500 in rent, Panorama said.

Panorama said the project is one of the first transit-oriented developments at the light rail station in University City.

Since the $1.2 billion light rail extension from uptown to UNC Charlotte opened last year, the area has seen a wave of development. Some $800 million worth of new projects have been completed or in progress.

Nearby, developer EB Arrow is moving forward with plans to transform a mall into a waterfront development with an offices, retail and apartments near the J.W. Clay Boulevard Station.

And last week, Panorama said it was building a 14-story tower in Ballantyne, with a hotel, office space and a rooftop restaurant and bar.

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Danielle Chemtob covers economic growth and development for the Observer. She’s a 2018 graduate of the journalism school at UNC-Chapel Hill and a California transplant.
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