Revolve Residential is wrapping up construction on its new Lumina Townhomes in South End, and principal Tim McCollum said he’s looking to do more infill, for-sale projects.
The 13 Lumina townhouses are in three buildings of three stories each, on Church Street just south of uptown. The area has seen an influx of new businesses following the apartment boom, with beer bar Craft, dessert and wine bar The Gallery M and the under-construction Korean restaurant Seoul Food Meat Company within a block of Lumina.
Construction is in the final phases at Lumina, with the first set of units set to be complete by the end of the week. The project should be wrapped up by the end of September. The three-bed, three-bathroom townhouses feature modern design with wood floors, induction cooktops, two balconies, a two-car garage and optional upgrades (McCollum said one buyer opted for a built-in beer tap, perhaps a sign of the flourishing craft beer scene in South End).
The townhouses, which average 2,100 square feet, sold out months ago for $395,000 to $475,000, McCollum said.
The land Lumina is built on was vacant before the project. McCollum said he’s seeking out new sites for infill development. Competition has intensified, he said, and good sites are challenging to find, especially in booming markets like South End that have seen apartment builders snap up much of the land available for redevelopment.
Revolve’s mission statement: “Revolve Residential is a development company whose focus is bringing life back to communities on sites that were once active and have fallen dormant in Charlotte, NC. All of the sites that we select are based on either rebuilding within communities or repurposing inactive commercial sites to vibrant communities.” The company previously built the Cherrytown Bungalows project in the Cherry neighborhood.
Copper Builders is the general contractor for Lumina, while 505Design and FMK Architects designed the project.