Charlotte developer plans apartments haul
October 22, 2013 by James
Paul Trotter of Trotter Builders has confirmed that he wants to put up 220 new apartments near the upscale Ballantyne area, although it will be necessary to rezone 11 acres of land in order to do so.
The company recently filed an application for zoning the property, which is north of I-485, near the intersection of Misty Ridge Lane and Endhaven Lane.
Although the land is presently zoned for single-family housing, Trotter says he wants to build one and two bedroom units that would range in size from 900 to 1,250 square feet. Rents would fall in the $900-$1,400 per month range, and the units would come with amenities such as stainless steel appliances and granite counters.
The project, which could cost approximately $30m, would comprise two buildings, neither of which would be more than five stories high. Trotter argued that the parcel’s size makes apartments more practical than houses, particularly in light of the MetLife move to Ballantyne. The company will bring approximately 1,380 employees to Charlotte, and they will need housing.
Trotter hopes his company will be able to start construction on the buildings in late 2014, with renter able to move in a year later, in late 2015. He might consider working with a brochure printer to create a mailer for area residents, explaining the new project, its amenities, the rents, and inviting them to come for a tour when the apartments are open. The brochure could include a list of things to do in Charlotte that make it an inviting place to live.