A new building proposed for NoDa would add 180 new apartments to an area of the city that’s seeing rapidly increasing density and development.
A company affiliated with Eller Capital Partners, a Chapel Hill-based apartment development and management firm, has filed a request to rezone a parcel between 35th and 36th streets. The site is next to Crescent NoDa, where Crescent Communities is building 344 apartments planned to open next year.
The proposed plan by Eller Capital would include:
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▪ 180 apartments in a building up to 79 feet tall.
▪ Up to 15,000 square feet of space devoted to nonresidential uses. That would include ground-floor retail and tenant amenities, such as a gym. A preliminary site plan shows retail facing 35th and 36th streets.
▪ A commitment to spend at least $20,000 on art at the site, which could include “unique and interesting wall treatments.”
▪ The site is adjacent to the planned Cross Charlotte Trail and a block away from the Lynx Blue Line light rail extension.
An Eller Capital representative said if the plan is approved, construction could start next year and take 18 to 24 months. Property records show a Charlotte limited liability company called NoDa 3536 purchased the 1.5-acre site behind Cabo Fish Taco and other businesses on North Davidson Street in January for $3.1 million from an affiliate of MPV Properties.
Charlotte City Council will hold a rezoning hearing in the coming months and vote on the plan.