A developer is planning to build a 50-unit multifamily complex at Parkwood Avenue and 17th Street north of uptown in the Belmont area, a part of town that’s seen increased gentrification in the past several years.
The rezoning application, filed by an affiliate of Charlotte-based infill developer Beauxwright, calls for the construction of two buildings on the 1-acre site, with a maximum of three stories. And 17th Street, currently a dead end, would open up to connect with Parkwood Avenue.
The site is just off North Davidson Street, sandwiched between uptown and NoDa. It’s also next to the Parkwood light rail station on the Blue Line extension.
New construction has been creeping towards the area from both the north and south. Birdsong Brewing Co. opened its expanded location several blocks away on North Davidson, and Abari Game Bar, an arcade-themed bar, plans to open soon, also several blocks away on North Davidson.
The land is owned by private individuals and the Belmont Community Development Corporation, both of which have agreed to the rezoning plan. The Belmont CDC is a non-profit that invests in affordable housing the neighborhood.
Eric Speckman, a principal and co-founder of Beauxwright, couldn’t immediately be reached for more details about the proposed project.
Beauxwright “specializes in the acquisition, renovation and development of infill properties,” according to its website. The company bought and is renovating The Foundry, a collection of offices and workshop space on South Cedar Street, and also has apartments such as Uptown Court on 10th Street.
Before Beauxwright, Speckman was a co-founder and principal with Sereo Group, another Charlotte-based developer specializing in apartment development and distressed or underutilized assets. Sereo partnered with Faison on the Gateway West apartment complex on Fouth Street.