A new high end condo project will soon be built in Myers Park. This week, the Charlotte Business Journal reported that Opus Myers Park LLC, a company affiliated with developer Jim Gross, has bought a .7 acre parcel from Queens University at 1333 Queens Road. The land currently houses students in 28 apartments in North Hall, a residence dorm.
The location, at the heart of Myers Park, is in a great walkable spot. There are restaurants, a library, shopping, banking, and churches all within a quick walk. Edgehill park is a few blocks north with a picnic area, tennis courts, playground, and walking/fitness trails.
A short drive will have you in Uptown Charlotte for nightlife, museums, theater, sporting events, fine dining and more. SouthPark is just a quick drive south with world class shopping, dining, and open air concerts.
According to Mecklenburg County property records, the property was purchased for $4.2 million. This is more than the $3.1 million Queens University paid in 2008. The current building is 5 stories and was built in 1967 as an apartment complex called Providence Place Apartments. Queens University bought it in 2008 and converted it into student housing. This building would be razed to make way for the new project.
Gross is reportedly planning a high-end condo project to contain a number of four and five story buildings. The project is expected to keep existing zoning allowing for 43 multi-family units per acre. The developer has been working with the surrounding neighborhoods and Myers Park Homeowners Association during the conception of the project.
The project would likely not get underway until after graduation in the spring as there are currently students living in the dorm. They will be allowed to stay through a rental agreement with the buyer.
Jim Gross has spearheaded a number of high profile luxury condo developments in recent years. Kenwood Myers Park, developed in 2013 has 7 units priced from $1.1 million to $1.4 million. He is currently developing Kenwood Cottage Place, with 6 units in Eastover priced from $1.6 million to $1.7 million. There is no word yet about a name or price point for this new project.
If you are interested in a luxury condo close to Uptown, give us a call at (704) 525-4045. We would love to show you properties and help you find your next home. You can also view homes on our website here.