The demand for apartments is strong enough in Charlotte that developers aren’t just looking around for underutilized patches of ground—they’re beginning to eye existing properties of other kinds as sites for new apartments. (It's strange how we never notice those thick red lines when we're on the ground... birds really do have all the fun.) Recently, Carolinas AGC sold a 2.6-acre site in Dilworth at Euclid and Templeton that’s home to three small office buildings totaling 40k SF to Marsh Realty Co. Carolinas AGC wanted a new HQ and found one in SouthPark. Marsh wants to put apartments there (we'd found a micro-nation there, but that's just us).
“While there’s a great deal of apartment development activity occurring along Morehead Street and in the South End corridor, I’m very bullish on the Marsh multifamily development project proposed for the former AGC property,” MPV’s Bailey Patrick tells us. Along with colleague Stephen Woodard, he repped Carolinas AGC in the deal. “This infill Dilworth development opportunity has a much broader appeal than much of the product being built along the transit corridor.”
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