Exciting New Affordable Housing Project Coming to Charlotte
Charlotte residents have some exciting news to look forward to! A new affordable apartment community is set to grace the area near Charlotte Douglas International Airport. The Charleston-based developer, Greystar, has filed plans for a rezoning of an 11.5-acre site on the south side of Tuckaseegee Road. This effort, initiated on October 15, promises to create much-needed housing options for those seeking affordability in the bustling Charlotte market.
What’s Being Planned?
Greystar is gearing up to develop up to 306 residential units designed primarily for young professionals and families. The anticipated layout includes a mix of one- and two-bedroom apartments, with a few three-bedroom units sprinkled in for those who need a bit more space. Residents can expect a host of amenities that will add to the community feel, including a fitness center, a clubroom equipped with workspaces, inviting common areas, and a refreshing community pool.
A Step in the Right Direction for Affordability
This development couldn’t come at a better time. The challenge of housing affordability is staring many in the face across Charlotte—especially in the west side of the city. According to Mike Sullivan, the director of development at Greystar, the project targets renters earning around 80% of the area median income. While specific rental rates haven’t been disclosed yet, the focus is clearly on providing affordable options to individuals and families, making life a bit easier in these challenging times.
Sullivan added, “This site created an opportunity to provide new housing at a lower cost that is close to jobs and people. Essential housing with lower rent checks will continue to be a big part of our business and growth strategy.” By positioning the community near essential services and employment opportunities, Greystar is making efforts to help residents lower their commuting times, and hence their overall cost of living.
Ongoing Projects by Greystar
This initiative is just a part of Greystar’s expansive approach to urban development. They are also currently managing another sizable project called Birchway Eastfield Station, which will feature 402 units at 6106 Hucks Road in north Charlotte and is expected to wrap up in 2026. This project is an exciting venture in partnership with a California-based investment firm, showing Greystar’s commitment to expanding affordable housing across the region.
Greystar’s portfolio includes notable apartment communities across the Charlotte region, like Kingston South End, Elan LoSo, Elan Prosperity, and Laurent, demonstrating their extensive experience in successfully delivering quality living spaces.
What’s Next?
As the rezoning process unfolds, many in Charlotte will be keeping a close eye on how this project develops. It’s heartening to see developers making strides towards addressing the growing need for affordable housing, and we can only hope that this trend continues throughout the city and beyond. With these ambitious plans in place, Charlotte is on the brink of a bright and more inclusive future for residents of all backgrounds.
A Bright Future for West Charlotte
As the Charlotte community eagerly anticipates the arrival of this new apartment complex, it’s clear that the city is heading in a positive direction, one that embraces affordability and accessibility. By offering quality apartments that don’t break the bank, Greystar is paving the way for a vibrant, thriving community that everyone can call home.
Stay tuned for more updates as more details are shared about this promising development in west Charlotte!
