Ballantyne rezoning applications submitted

Today's Charlotte Observer highlights two local proposed developments that may undergo rezoning from residential to office or retail uses.

Applications have been submitted to rezone 13 acres at North Community House Road and I-485 by Toringdon Future Development LLC and Trinity Capital Advisors and "Merrifield Patrick Vermillion, wants 4.65 acres at Ardrey Kell and Marvin roads rezoned from residential to medical and professional office."

Both applications have been submitted to match current market conditions, which may be "better served" by rezoning to commercial projects.

According to the article, public rezoning hearings regarding each application are scheduled for March 17.

Read more here: http://www.charlotteobserver.com/2014/01/23/4635001/experts-see-trend-in-zoning-changes.html#.Uuen5RAo7IU#storylink=cpy"

Read more here: http://www.charlotteobserver.com/2014/01/23/4635001/experts-see-trend-in-zoning-changes.html#.Uuen5RAo7IU#storylink=cpy

Local Multi-Family Announcements

The Enclave at Bailes Ridge
in Indian Land, SC

More new apartment complexes are planned for the South Charlotte and surrounding regions.

* As reported by the Charlotte Business Journal, "Trotter Builders is planning a 200-unit apartment complex on 10.3 acres near Toringdon in south Charlotte." The high-end apartment complex will be located at the corner of Endhaven Lane and North Community House Road, which will be extended over I-485. See also the related article in the Charlotte Observer.

* Construction has begun on TheEnclave at Bailes Ridge, a 246-unit apartment complex on S.C. Highway 160 in Indian Land, SC in Northern Lancaster County (Charlotte Business Journal).

* As part of a larger planned multi-use project, Terwilliger Pappas Multifamily Partners will develop 375 upscale apartments at Waverly, located at the corner of Ardrey Kell Road and Providence Road. The project at Waverly "will be called Solis Waverly and will offer on, two and three-bedroom floorplans, including many with optional direct access garages."

* A 70-unit subsidized apartment housing has been proposed on a 7.23-acre tract on Weddington Road near Portstewart Lane. The Charlotte City Council recently voted in favor of the rezoning that will allow the development of the complex by the Charlotte-Mecklenburg Housing Partnership.