Besides approving the project which will permit Hood Ventures to build a 210-unit multifamily community, the Concord City Council approved just over $170,000 in grants from the towns economic development office.

The $48.3 million project will also have 10,379 square feet of commercial space.

The project, that will have 148 two-bedroom units and 62 one-bedroom units, is going in between Bonnie Street Southeast and Woodsdale Place Southeast, along Cabarrus Avenue East.

The Charlotte Business Journal reports Concord city documents state that the area eyed by Hood Ventures is identified by the plan as one of nine opportunities for the public sector to intervene to help attract private investment.