Construction underway on luxury Stonewall Street apartments uptown

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.”

Apartment complex plans "transportation lobby" where light rail commuters can grab coffee, avoid bad weather

Residents at one of the area's newest apartment complexes will one day be able avoid bad weather, search the Web and grab a cup of coffee before hopping on the light rail line.

Developer Proffitt Dixon Partners has started construction on its 208-unit luxury community at New Bern Station along the Lynx light rail line.

Details released Monday show the company will build a "transportation lobby" so residents can wait for their train sheltered from the weather while having access to computer work stations, WiFi and a coffee machine. There will also be big-screen televisions and a camera along the tracks that will let passengers see when the train is nearby.

The lobby, which will have hardwood floors, will sit 50 feet from the light rail platform, according to developers.

“It’s so close that residents can wait comfortably in the lobby – protected from the weather – until the crossing arms begin to flash, signaling their train’s approach. In the mornings, they can relax and enjoy the coffee bar and morning news; in the evenings they can socialize before heading out on the town,” said Stuart Proffitt.

Developers have announced a spate of new projects for the Charlotte-region in the wake of the economic slowdown.

Many condominium projects planned for the popular light rail corridor have been shelved, but multifamily developers have continued building. Analysts expect more people to rent as the housing market remains weak and the number of younger workers grows. For example, developers recently announced plans for new apartments for Midtown near the Metropolitan project and uptown.

Proffitt Dixon's complex, Fountains at New Bern Station, will built on 4.7 acres.

To take a closer look, go to http://www.proffittdixon.com/.