Ohio-based NRP Group is about to start construction on a 298-unit apartment complex on Morehead Street at Church Street. The five-story complex, called the Quarters at Morehead, will be located on a 2.4 acre tract bounded by Morehead, Church and Winnifred streets and Carson Boulevard. NRP closed on the property Tuesday. "We're so ready to start," NRP's Mark Tipton said. "If I could get out there tonight with a hammer I would."
He said the new apartments will be aimed at the growing cadre of young professionals working uptown, but added that he imagines professionals of all ages will like its proximity to major employers such as Duke Energy and the fact that Bank of America Stadium is just down the hill and around the corner. The complex will have one-and two-bedroom units, and also will feature some townhouse units and units with two-story mezzanines. Tipton said workers should be on the site within a week starting the project, with an eye on finishing it next spring.
It will be the latest in a rush of new apartments sprouting in and around uptown Charlotte. Some analysts say Charlotte could find itself with an over-supply of apartments this year, but Tipton, like others developing the newest apartment complexes, doesn't sound worried. "Multi-family living has come of age. People want to be close to their work and don't want to drive," he said.