Development

Developer buys NoDa-area site for $2.27 million, more apartments possible

The site on East 26th Street in NoDa.
The site on East 26th Street in NoDa.

A Charlotte developer has purchased an industrial site near NoDa and is weighing its options for future development.

Proffitt Dixon, which develops apartments, paid just under $2.3 million for a 2.8-acre site at East 26th Street near North Davidson Street. The company bought the site, behind NoDa Brewing’s original location and across from event venue CenterStage@NoDa, from Southern Wipers, Inc., in a deal that closed in February. Industrial buildings and warehouses currently occupy the site.

“We love the NoDa neighborhood and think the confluence of the light rail and the Cross Charlotte Trail will make this already great neighborhood an even better place to live,” said Wyatt Dixon, managing principal at Proffitt Dixon. The company is evaluating plans for the site. Proffitt Dixon has typically built apartment buildings between 200 and 300 units, in areas ranging from Matthews to Stonewall Street uptown to the Toringdon mixed-use development in Ballantyne.

The site is now owned by a Proffitt Dixon-affiliated entity called Fountains NoDa. It’s about a block from the future Blue Line light rail extension to University City, set to open next summer. The area is seeing a major surge of new development, with companies rushing to start apartment and mixed-use projects along the Blue Line’s path. More than 2,200 apartment units are on the drawing boards or under construction, including Belle NoDa, Crescent NoDa and a host of closer-in projects.

Ely Portillo: 704-358-5041, @ESPortillo

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