West Charlotte will have an enormous master planned community. The project, expected to take 20-30 years to fully develop, won unanimous zoning approval with City Council this week. Developers Crescent Communities and Lincoln Harris are now working on more detailed plans for the three phase 1,370 acre development.
River District is located between the Catawba river and Charlotte Douglas International Airport. The plan calls for 8 million square feet of office space, 4,650 residences, 500,000 square feet of retail, 200 retirement units, and 1,000 hotel rooms. 550 acres of green space will be preserved.
This is welcome news as the project is potentially worth billions of dollars. This money should be a large boost to the economy of West Charlotte. There are some challenges that must be faced before the main thrust of the project can begin. Road projects for River District’s first two phases must be completed. These road projects will cost around $131 million and will be paid for by public and private money.
Once the roads are in place, there will also be other infrastructure, transportation, and schools to be put in place. Public services such as fire department, police department, and sanitation will need to be considered as well.
There will be many more meetings and many additional changes to the plans as this massive undertaking becomes reality. It will take coordination between many different departments.
The project will have everything you need including jobs, housing, shopping, restaurants and more. This makes it more of a satellite city instead of just a suburb.
For more information on this community, call us at (704)525-4045 and let us know what you are looking for. Or check out our listings here.