Sunday, June 8, 2008

Charlotte Uptown, projects under construction in Fourth Ward

500 West Trade Located at West Trade Street at North Graham Street and adjacent to the Gateway Multimodal Station and Johnson & Wales University, this project will include 600 residential units, retail space and a 980-space parking garage. Construction is set to begin this
year on the 27-floor building and should be completed by 2010.

701 North Church Completed in July 2007, this nine-unit residential project is at West 10th Street at North Church Street. Only a few units are for sale in the $500,000's - $600,000's price range.

Avenue Completed in November 2007, this 386-unit, 36-floor high-rise is at West Sixth St. at North Church St. Condos range from the mid-$200,000s to more than $500,000 and are 668
to 1,271 square feet. Retail space is also available. Currently aproximately 92% units are sold.

Citadin This yet-to-begin project is at West Eighth Street at North Graham Street. In January, the city approved 550 units and 30,000 square feet of commercial space for the mixed-use development. Plans are for an eight story building with condos from 570 to more than 3,000
square feet that range from the $170,000s to more than $1 million.

Garrison at Graham Construction began in summer 2007 and should be completed by spring 2009 on this 11-story, 41-unit property. Currently, the remaining 20 units are listed between $425,500 and the mid-$800,000s.

Uptown Village Located at Hamilton Street and Seaboard Street, this new entertainment and
retail center will consist of the North Carolina Music Factory and a residential area. Plans are to restore some of the historic buildings for housing, galleries, nightclubs and restaurants. Deco One will be a six-story, 139-unit building for residents. In total, more than 1,000 condominiums are planned. Pre-sale units are expected to run $195,000 to more than $600,000 for 558 to 1,835 square feet. The project is slated for completion in 2010, but currently units are not yet for sale.

The VUE Charlotte This 51-floor, 410-unit condominium high-rise will be at West Fifth Street and Pine Street. Units are 570 to 3,000 square feet and range from the low-$300,000s to more than $2 million. On February 6, the VUE received underground-easement approval and was scheduled to proceed with clearing and construction. The project is due for completion in 2010, and as of press time, the units were more than 60 percent sold.