Construction is under way on Fountains Uptown, a luxury apartment complex at
East Stonewall and McDowell streets.
Work on the the six-story, 230-unit complex began in early January, after Charlotte-based Proffitt Dixon Partners bought the 2-acre site from the city of Charlotte for $3.8 million last year. It will feature a two-level clubhouse, an elevated saltwater pool and a rooftop patio with skyline views. The project’s first units will be completed by mid- to late-summer with full completion in 2015, said Wyatt Dixon.
The project comes amidst an apartment complex building boom, with 14 projects under construction in uptown and South End, according to Center City Partners.
“We certainly see a lot of competition out there over the next 18 to 36 months,” Dixon said. “While we don’t have plans to begin pursuing other infill opportunities right now, we believe that quality urban living in Charlotte is here to stay. This will bode well for Charlotte’s long-term prospects. It will certainly be more challenging in the short term, however.”