Charlotte-based developer Terwilliger Pappas said Tuesday that it plans to start work soon on Solis Southline, a 300-unit apartment building on South Boulevard.
The company is planning its newest Solis-branded apartments on a vacant 3.5-acre parcel of land at South Boulevard and Remount Road. That’s diagonally across Remount Road from the Silos South End apartments and near the 53-unit planned SouthPoint at South End townhouse development.
“The energy of South End is very attractive to the young professional market, and we are pleased to have the opportunity to develop what we believe will be a very compelling offering,” said Peter A. Pappas, chief executive officer of Terwilliger Pappas, in a statement.
“The Southline setting adjacent to the Blue Line is a highly desirable, strategic location very much in keeping with our investment criteria,” said Eric Polkow, executive director of J.P. Morgan Asset Management – Global Real Assets. The firm has $86 billion worth of assets under management.
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The first apartments at Solis Southline are expected to be available in spring 2017.
Plans include 5,200 square feet of ground floor retail and a 400-space parking garage. Amenities will include a bike shop and bike storage areas, a clubroom, fitness center and pool with cabanas in a courtyard.
Solis Southline will be Terwilliger Pappas’ fifth Solis-branded apartments in Charlotte. The company also has completed or is building Solis Sharon Square in SouthPark, Solis Dilworth, Solis Ballantyne and Solis Waverly, on Providence Road in south Charlotte.
Terwilliger Pappas is partnering with institutional investors advised by J.P. Morgan Asset Management on Solis Southline. Wells Fargo is providing construction financing, with Brasfield Gorrie as the general contractor. J Davis Architecture and Cole Jenest Stone are also working on the project, providing architecture, landscape design and engineering services.