Charlotte’s Largest Rental Developments Deliver a Record 4,600+ Units in 2015: See the 10 Top Producers
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You may have noticed this past year a myriad of new mid-rise wood-framed buildings — almost look-alikes — popping up at prominent intersections throughout Charlotte. They are obvious signs of a tremendous increase in the number of new developments — as the city saw a record year for apartment construction in 2015, according to the Greater Charlotte Apartment Association.
A total number of 4,634 apartments for rent were delivered in 2015 by large residential developments (those with 50+ units) in Charlotte, according to data from Yardi Matrix, a 60 percent increase over 2014.
This is somewhat expected if we consider that in recent years Charlotte has repeatedly made the top of the list of fastest growing cities in the U.S., according to Forbes rankings, United Nations city population projections, and the latest U.S. Census Bureau data. The strong demand created a record-breaking boom in apartments for rent in Charlotte.
Here are Charlotte’s top 10 largest rental developments completed in 2015:
#10. Midtown205: 261 rental units
Completed: 2015
Address: 205 S Kings Dr, Charlotte, NC 28204
Rental types: 59 studios, 125 one-bedroom apartments, 77 two-bedroom apartments
Property size: 212,674 sq.ft., 5- and 6-story building
Short description: Located in one of Charlotte’s most desirable neighborhoods, Midtown 205 offers a highly functional mix of studio, one- and two-bedroom floor plans; access to the historic neighborhoods of Elizabeth, Myers Park and Dilworth, as well as the eclectic Plaza Midwood and NoDa neighborhoods; beautifully designed open spaces that promote connectivity and community; fitness center with separate yoga and cycle rooms; pet spa.
Photo credits: Midtown205 Official Website
#9. Gateway West Uptown Flats: 280 rental units
Completed: 03/30/2015
Address: 902 West 4 St, Charlotte, NC 28202
Rental types: 225 one-bedroom apartments, 55 two-bedroom apartments
Property size: 226,639 sq.ft., 6-story building – first floor includes parking and retail
Short description: Located in the Uptown neighborhood of Charlotte, with a view of Downtown Charlotte, Gateway West Uptown Flats offers 1- and 2-bedroom residences; heated saltwater pool; private theater; granite counter-tops in kitchens & bathrooms; outdoor grilling stations with flatscreen TV; 24-hour fitness center & yoga/spin room; entertainment lounge with billiards & gaming tables; automated pet washing station.
Photo credits: Gateway West Uptown Flats Official Website
#8. University House Boulevard: 300 rental units (Check availability)
Completed: 08/20/2015
Address: 9825 University City, Charlotte, NC 28213
Rental types: 30 studios, 74 one-bedroom apartments, 107 two-bedroom apartments, 4 three-bedroom apartments, 84 four-bedroom apartments, 1 five-bedroom apartment
Property size: 284,580 sq.ft., 5-story building
Short description: Walking distance to UNCC campus – at corner of University City Blvd and E. Mallard Creek; multi-level pool deck with outdoor living room and jumbo LED screen, pet friendly; hi-tech gaming lounge with multi-screen TV wall; group study rooms with smart boards; community recycling program, National Green Building Standard – Silver Rating; Student Housing; individually keyed bedrooms.
Photo credits: RentCafe
#7. Alexander Village: 320 rental units
Completed: 06/24/2015
Address: 9224 Graham Ridge Drive, Charlotte, NC 28262
Rental types: 164 one-bedroom apartments, 142 two-bedroom apartments, 14 three-bedroom apartments
Property size: 311,432 sq.ft., 4-story building
Short description: Alexander Village is a green take on neighborhood living; access to the University area’s best shops, entertainment and top employers; explore the luxury apartment experience and connect with nature in one, two and three-bedroom garden apartments along with cottages overlooking a tranquil pond; major street exposure – Mallard Creek Church Road, lake view.
Photo credits: Alexander Village Official Website
#6. The Addison at South Tryon: 321 rental units
Completed: 01/19/2015
Address: 7000 Modern Way, Charlotte, NC 28217
Rental types: 18 carriage, 119 one-bedroom apartments, 156 two-bedroom apartments, 28 three-bedroom apartments
Property size: 332,661 sq.ft., 3-story building, first floor includes retail
Short description: The Addison at South Tryon has a central location with twenty-five beautiful acres with direct access to South Tryon Street, sparkling pool, covered outdoor entertainment lounge, exclusive pet park, high-tech athletic club, genuine granite countertops, garden soaking tubs & double sinks, spacious wall-to-wall closets; first floor includes parking, major street exposure – Tryon Street/US Route 29/NC 49.
Photo credits: The Addison at South Tryon Official Website
#5. Crescent SouthPark: 321 rental units
Completed: 12/29/2015
Address: 5725 Carnegie Blvd, Charlotte, NC 28209
Rental types: 234 one-bedroom apartments, 87 two-bedroom apartments
Property size: 271,806 sq.ft., 5-story building
Short description: Located in Charlotte’s most fashionable neighborhood; gorgeous studio, one- and two-bedroom apartments, sophisticated amenities and services just minutes from designer shops and gourmet restaurants; lake view.
Photo credits: Crescent SouthPark Official Website
#4. 1100 South: 331 rental units
Completed: 10/19/2015
Address: 1100 South Blvd, Charlotte, NC 28203
Rental types: 229 one-bedroom apartments, 102 two-bedroom apartments
Property size: 266,282 sq.ft., 6-story building
Short description: Class and sophistication within the exciting neighborhood of South End in Uptown Charlotte; an outstanding residence with luxurious features and spectacular amenities; electric charging stations, rooftop, green roof.
Photo credits: 1100 South Official Website
#3. SkyHouse Uptown: 336 rental units – (Check availability)
Completed: 08/20/2015
Address: 640 North Church Street, Charlotte, NC 28202
Rental types: 80 studios, 166 one-bedroom apartments, 72 two-bedroom apartments, 18 three-bedroom apartments
Property size: 266,548 sq.ft., 24-story building with retail on ground floor
Short description: Located in Uptown Charlotte, near the financial banking center; modern residence in a thriving metropolitan community; minutes away from Fortune 500 companies, such as Bank of America, Wells Fargo, and Duke Energy.
Photo credits: RentCafe
#2. Allure: 350 rental units
Completed: 09/04/2015
Address: 5720 Carnegie Blvd, Charlotte, NC 28209
Rental types: 253 one-bedroom apartments, 97 two-bedroom apartments
Property size: 339,312 sq.ft., 4- and 5-story building
Short description: One of Charlotte’s newest luxury apartment communities; resort-style amenities and custom home finishes in the desirable neighborhood of SouthPark; business center; clubhouse; swimming pool.
Photo credits: Allure Official Website
#1. Element Uptown: 352 rental units
Completed: 06/24/2015
Address: 355 West Martin Luther King Jr Blvd, Charlotte, NC 28202
Rental types: 1 guest suite, 260 one-bedroom apartments, 91 two-bedroom apartments
Property size: 310,402 sq.ft., 22-story building
Short description: Located in the Uptown neighborhood; nightlife, restaurants and entertainment within walking distance; saltwater pool, club room, fitness center; view of Bank of America Stadium/BB&T Ballpark and Downtown Charlotte.
Photo credits: Element Uptown Official Website
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Nadia Balint is a senior creative writer for RENTCafé. She covers news and trends in residential and commercial real estate and their impact on our everyday life, including rental housing, for-sale housing, real estate development, homeownership, market reports, insurance, landlord-tenant laws, personal finance, urban development, economy, sustainability, and social issues. Nadia holds a B.S. in Business Management from Northeastern Illinois University in Chicago. You can connect with Nadia via email.
Nadia’s work and expertise have been quoted by major national and local media outlets, including CNN, CNBC, CBS News, Curbed, The NY Post, The Chicago Tribune, The Denver Post as well as industry publications, such as GlobeSt, Bisnow, Inman News, Multifamily Executive, and The Commercial Real Estate Show. Nadia also wrote for Multi-Housing News, Commercial Property Executive, HubSpot, and more. Prior to entering the real estate industry, Nadia worked in the legal field, where she gained over 10 years of experience in business, corporate, and real estate law.
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