Brookhill Village, the 36-acre rental community at South Tryon Street and Remount Road, could soon see some redevelopment.
The privately owned community was developed in 1951, with more than 100 single-story, wood-sided rental buildings spread out along the property. Brookhill Village has sat unchanged as booming South End redevelops around it, with almost 1,300 new, upscale apartments planned or under construction within a few blocks.
But recently, signs for a demolition company have gone up on some of the buildings near Remount and Tryon. A commuter noticed them and asked me if there are any new plans for the community.
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I reached out to Greg Pappanastos, head of Argos Realty, which owns the buildings. One thing that’s held back redevelopment of Brookhill Village is a complicated ownership structure, in which the buildings are owned by a company affiliated with Argos and the land is owned by a separate company affiliated with C.D. Spangler. He’s a prominent Charlotte business leader with a Forbes-estimated net worth of $2.6 billion.
Pappanastos said all tenants have been relocated to other places in Brookhill from the buildings on the parcel of Brookhill Village nearest Remount and Tryon, a site that totals about 7.8 acres. He said the company is awaiting permits to demolish some of the buildings, and is evaluating options for the site. Redevelopment could include market rate or affordable apartments.
So, keep watching the corner of Remount and Tryon. There should be demolition in the coming months, clearing the way for something new.
What would you like to see developed in that corner of South End?