Dilworth is one step closer to having a new mixed-use development. The current site of Strawn Cottages and Strawn Tower will be totally overhauled to meet current demand. Located on South Caldwell Street, the property is also bounded by South Boulevard, Templeton Avenue and Euclid Avenue. This is a prime location just outside the I-277 loop, just a block away from the Dowd YMCA. Also two blocks away is the Bland Station on the Lynx Blue Line light rail.
Charlotte has been growing at a tremendous rate, and rental rates have been steadily rising. For this reason, city council has pledged to include 5,000 more affordable units in the next three years. This project, that has been in the works for years, will help meet that goal.
The 16.2 acre project will include 725 mixed-income apartments (145 of which will be affordable), 20 for-sale townhomes, 57,000 square feet of retail, a 330,000 square foot office building, and a hotel with 180 rooms. There will also be a central park, healing garden, and numerous other amenities.
The Fallon Company out of Boston was just selected as master developer. The $330 million project is expected to be underway late in 2017 or early in 2018. Fallon has selected architecture firm Odell to design the master plan. More renderings should be available from them soon.
Strawn Tower, containing 170 affordable housing apartments for ages 55 and older, was just renovated and will remain onsite. Residents will be relocated during construction, with the chance to return when the project is completed.
The new plan will be built in phases, with 160 mixed income apartments (20% of which will be affordable), and the hotel to be first.
Horizon Development Properties, Inc., a division of Charlotte Housing Authority subsidiary, has set hiring targets for the master developer. According the the Charlotte Business Journal “30% of the project’s development cost should be awarded to qualifying women-owned and minority-owned business enterprises. The project is also expected to provide job-training and hiring opportunities for low-income individuals.”
To read more about this development in the Charlotte Business Journal, click here.
To read more about this development in the Charlotte Observer, click here.