Exciting New Developments in Charlotte!
Charlotte, the Queen City, is buzzing with excitement as it’s welcoming a shiny new addition to its urban landscape. The multifamily real estate developer, Westplan Investors, recently finished construction on its latest project, the Accent Berkeley Place, located at 12015 Accent Berkeley Court in the vibrant University City area. This three-story beauty boasts an impressive 198 units, featuring a variety of one-, two-, and three-bedroom apartments spread out over four charming buildings. But what’s the scoop on how much it costs to live here?
How Much to Expect on Rent?
If you’re eyeing one of these new apartments, you’d be looking at starting rent prices of around $1,260 for a cozy one-bedroom unit, $1,725 for a two-bedroom, and for those who need a little more space, a three-bedroom will set you back about $2,210.
The Accent Berkeley Place doesn’t just stop at offering stylish apartments. This community also has a lot to offer its residents! Picture this: a cheerful clubhouse for entertainment, cozy coworking offices for those who work from home, a 24-hour fitness center to keep you active, a resort-style pool to unwind in, and even a paw-some dog park for your furry friends. Sounds delightful, right?
Why University City?
So, why did Westplan Investors choose University City for this project? According to Patrick Foster, Westplan’s regional development partner, the area is rapidly growing and has great access to the Lynx Blue Line. “The light-rail extension really spurred economic growth in this submarket, and with that came employment and job growth,” he stated enthusiastically. Who wouldn’t want to live in an area so conveniently connected and booming with job opportunities?
In fact, Foster believes that University City is often underrated, noting that it is the second-largest employment hub in Charlotte. With all this growth and opportunity, it makes perfect sense for new developments to sprout up like daisies in the spring.
A Boutique Community Feel
One exciting aspect of the Accent Berkeley Place is its boutique community vibe. Unlike some larger developments, this place focuses more on community feel while still being cost-effective to build. Foster explained that the choice of surface parking instead of parking decks contributes to slightly lower rent prices, making it a win-win for future residents.
Westplan’s Vision for the Future
The completion of this project marks Westplan’s second multifamily development in Charlotte, with their first being Accent Southrail at 6026 Station Crossing Ave, which features 304 units and an amazing selection of 53 build-to-rent townhomes. After the successful launch of Accent Berkeley Place, Westplan is eager to keep the momentum going and grow their presence in the area.
While the specifics about upcoming projects are still under wraps, Foster assures that Charlotte is a top priority for their company. “Charlotte is one of the top markets we target as a company, so we wanted to grow more intentionally,” he revealed. “We don’t want to do projects for the sake of doing them; we want to do meaningful projects that we have high conviction in.”
What Does This Mean For Charlotte?
As Westplan continues to expand its footprint in Charlotte, the excitement about the city’s growth is palpable. With developments like Accent Berkeley Place emerging, it’s clear that Charlotte is evolving into an even more attractive place to live, work, and play. So get ready, Charlotteans! More options are on the horizon as your city keeps growing and thriving!
