Light rail extension and apartment boom collide

screen-shot-2016-12-24-at-3-02-31-pmThe apartment boom continues in Charlotte as a new residential rental development was just approved by City Council for a small 40-unit building in NoDa just west of North Brevard Street between Faison Avenue and East 33rd Street.

The Blue Line Light Rail Extension just north of Uptown Charlotte is about to see a major influx of residential development, and this new apartment building is just one of the many projects that is about to get underway. Construction on the development is slated to begin in early 2018, pending final approval from the planning committee. The building will stand five stories tall and would include a parking garage.

The Blue Line Extension, a 9.2 mile stretch that will connect uptown to UNC-Charlotte should be open in August 2017. The hopes is that this rail extension, which has cost approximately $1.2 billion, will contribute to a significant development boom that seems to have already begun, as evidenced by the 2,000 new apartment units that are either in the planning stages or currently under construction between Uptown and 36th Street in NoDa along the Blue Line Extension.

Stay tuned for many new and exciting projects expected in this part of town as the light rail nears completion here and creates an increasing demand for the area. For more details on the newly approved apartment development or more information on the Blue Line Light Rail Extension, check out the article at CharlotteObserver.com.

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