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Charlotte Airport Area Chosen for $70M Apartment Project
Middleburg Communities and KDM Development will break ground next month on a 280-unit apartment community near Charlotte Douglas International Airport. Construction is slated to take two years. The $70 million project will include five buildings and will go up at 3309 West Blvd. The property is about five miles to uptown and 3.5 miles to South End.
The Charlotte Business Journal reports KDM secured two parcels for $7.7 million and reached out to Middleburg to partner. Middleburg will build the project.
West CLT will feature one-, two-, and three-bedroom apartments ranging from 789 to 1426 square feet. The property’s amenities include a pool, fitness center, dog park and pet spa, coworking spaces, package lockers and electric vehicle charging stations.
Construction financing for the project has been secured from Trustmark Bank, with CIBC as a participant. Phoenix Capital Partners has made an equity investment.
Cline Design Associates is the architect on the project.
- ◦Development
