Selwyn Property Group is planning to build a four-story boutique apartment complex near the corner of Park and Woodlawn roads, the Observer has learned.
Selwyn Property Group closed on the Park Road land about two weeks ago and
plans to build Park at Drexel, which will include 42 residential units, 4,500 square feet of commercial space and
58 surface parking spots.
Developers are betting that its location -- near popular restaurant row on
Montford Drive and across the street from Park Road Shopping Center -- will
attract younger professionals who like to walk to their shopping and
entertainment.
The land had been rezoned for luxury condominiums before the recession. But
plans fell through.
Park at Drexel will offer 15 lofts from 450 square feet to 650 square feet,
about two dozen one- and two-bedroom units, and one three-bedroom unit with
1,700 square feet. Amenities will include an outdoor grilling area and cyber cafe.
Projected monthly rents are less than $1,000 for the one-bedroom units and
under $1,500 for the two-bedroom units.
Friday, December 14, 2012
New apartments planned near Park Road Shopping Center
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24 comments:
There is no vacant land in that area currently, what is coming down to make room for the complex?
"near popular restaurant row on Montford Drive"... a collection of dive restaurants that many consider an option only if everyone theseis closed-- you have got to be kidding--
Good Food on Montford is one of the best restaurants in town.
What's coming down? All that junk at the corner of Park and Drexel that's zoned MUDD(CD).
Right across or next to Taco Bell?
9:30 cries in agony over the restaurants on Montford Drive.
Some are quite good (Good Food on Montford) some are take out, some are more drink than eat. Calling any of them dives suggests to me that you are severely spoiled and have never actually been in a dive.
Or maybe they're your competition and you're just bad-mouthing them.
Glad to hear about this redevelopment.
Why no mention of time frame for construction/completion? Wouldn't that be an important piece of information in a news story such as this?
Wonderful, more above "average salary" rent for the Myers Park school district area.
Wow! Why so negative, perhaps we can look at the glass half FULL!
Good to see more development coming to the Park-Woodlawn area...a nice mix of old school and new school developments.
Anon 10:51 - Not next to or across the street from Taco Bell. Park and Drexel, not Woodlawn and Montford.
I think this will be a nice improvement for the area. As a homeowner in nearby Madison Park, I'm glad to see some nice new development in the area.
Wait, I thought they only built apartments in prime locations because of light rail and street cars. You mean that's not the only reason apartments are built?
It would be a better area if you didn't have to put up with the attitudes and sorry driving of the soccer mom trash that constantly circle the area. Makes me sick to my stomach.
This should be affordable housing so as to even out the area. Too many around there with an elitist attitude that need to be taught a lesson.
What lesson would that be? Maybe, work hard and budget so you can afford to live where you want.
Hey Anon @3:46: There's plenty of "affordable housing" across from the old Eastland Mall location if you're interested.
A reasonably sized urban apartment project with retail is proposed in a middle-income neighborhood (no it's not Myers Park, just near it) full of low-rise apartments and ranch houses near some of the most popular restaurants shops and bars in the city.
And you're sitting here practically giving yourselves aneurisms TRYING to find a way to be upset by it. So sick of BANANAs (Build Absolutely Nothing Anywhere Near Anything).
No, the lesson that everyone should be provided with the chance to live in any neighborhood, and not be excluded by sorry elitists who have a God complex. You will burn in hell one day for that.
At least white drunk preppy teens don't push people out in front of traffic at Eastland Mall. Can't say the same for your trashy Park Road.
5:18
That's because no preppy, white teens live in East Charlotte. Forget the fact it was an adult who pushed the person in front of traffic. Instead, East Charlotte has packs of Mexican and black teens prowling the neighborhoods with automatic weapons.
5:16
Anybody can live in any neighborhood they want. Whether they can afford it is another question.
3:45
I'm still trying to figure out if you are one of those bitter, fat white women who drive around in a 1990 Oldsmobile, or one of the men who only own WWF and Nascar t-shirts who is married to the aforementioned fat woman who dives a 1990 Oldsmobile.
How about this, you sorry stuck up elitist:
#1 - Who gives a damn whether he was a teen or not. He was a rich 'self thought of protected class' a________ who thought he could do what he wanted. Just like the rest of you! We shall see. I would love to see him on the east side of Charlotte, since you obviously have no clue as to what you are talking about.
#2 - Everyone should have a taste of the good life. It's not just meant for those of you who were born privileged and think everything is yours. You make me sick.
#3 - No, I'm not overweight, or bitter, or do I drive a 1990 model vehicle, although what would be wrong with that? Doesn't fit your sorry as hell stereotype?
Finally - You ignorant teabaggers have ruined yourselves with your 'this is mine', 'this is my money' 'me, me me' mentality. You are a dying breed. You make fun of others and how they look and what they drive, yet you don't even realize YOU are the damn minortiy. And finally, I would like to slap your face.
Good day now.
Anon 7:18: Spoken like a true member of the FSA. The reason we are all in the Park Road area is so we don't have to live around bitter trash like you. Oh and dude... you have some serious anger issues... might want to talk to someone.
I really do need to call up President Obama and David Axelrod and other key members of the campaign. They have, since the 2008 campaign, done a magnificent job of throwing the USA into a Civil War, pitting Americans against each other based on total net worth. I'm amazed how well it has worked.
It doesn't matter where or what - every article or blog entry about a new development of any kind brings out people in the lower economic end screeching that every human being that has even 1 penny more is completely evil and that there is absolutely no way in the universe that they got that extra penny by anything other than illegal or immoral behavior. Those on the upper end scream and yell that they have to hide from the lower end folks. Just amazing.
How about each of us doing the best we can, whatever level we're on, and letting everyone else be?
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