Marsh Properties is weighing its options for a prime piece of property directly across the street from Myers Park Country Club.
Marsh, longtime owner of the property at 2420 Roswell Avenue, is wrapping up demolition of the Albrecht Manor apartments, which have stood on the site since the 1960s. The five-story apartment building would have required extensive renovations.
The 1.5-acre site is across from the country club and adjacent to a surface parking lot the country club owns, as well as two condominiums and one apartment building.
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A Marsh representative said the firm is still figuring out its exact plans for the site, but the property will have a residential use. The land has an assessed tax value of $1.3 million, Mecklenburg County records show.
Marsh is developing several other prominent Charlotte sites. In Dilworth, the company is building a 235-unit apartment building called The Lexington at Euclid and Lexington avenues. Marsh is also redeveloping the Sedgefield Shopping Center and surrounding neighborhood into a new mixed-use center that will include hundreds of apartments and houses, a Harris Teeter-anchored retail component, restaurants and office buildings.