City Council OKs SouthPark redevelopment

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The face of SouthPark is set to grow and change again after the City Council approved Jan. 19 a redevelopment plan that would raze and redevelop The Colony apartments, adding hotel, retail and residential space.

The $400 million plan passed unanimously, even with council members’ concerns regarding impact on the already-congested area. The new planned space will include more affordable housing and benefit the area, according to a Charlotte Observer report.

Fifty-five of the proposed 990 apartments will be designated affordable housing by the developers, the report said.

The project will turn the 27-acre, 353-unit Colony apartments into one of the largest mixed-use projects in the city.

In addition to building changes, the project will improve surrounding streets, traffic lights, turn lanes and pedestrian crossings.

Approved in the plans is a “225-room hotel, 250,000 square feet of office space and 300,000 square feet of retail space, including a grocery store,” the report said.

Construction could begin early 2017. The first phase would most likely include a grocery store, retail and apartments.

For more, see The Charlotte Observer report.