A Miami developer will transform a 50-year-old condo complex in SouthPark into a sprawling development with housing and retail.
Charlotte City Council last week unanimously approved the rezoning, which the Related Group filed last year.
Details: The Related Group plans to turn the Trianon Condominiums into 60,000 square feet of retail and restaurant space, 730 multifamily units and 18 to 24 townhomes, as CBJ reported.
- The project — which is on 9.1 acres at Roxborough, Rexford and Colony roads near the AC Hotel — features two apartment buildings, including one that’ll be up to 15 floors.
- The development will not have any affordable housing. Instead, the Related Group has promised to make a number of community-related contributions as part of the project, including $1 million toward the Housing Trust Fund, as the Observer reported.
Why it matters: The Related Group’s plans are the latest indication that SouthPark is evolving.
- Leaders aim to make the area more walkable through a 3.2-mile loop, for instance.
- The neighborhood is getting taller too. Last year, the city approved plans for a 10-story office tower at Phillips Place, where the movie theater is.
Yes, but: Some neighbors, including those at the Barclay Downs Homeowners Association, oppose the height and density of the project, per CBJ.
Of note: In addition to a contribution to the Housing Trust Fund, the Related Group is putting up $8 million to fund amenities and other public benefits related to the SouthPark loop.
What they’re saying: In a statement sent to Axios, a Related Group spokesperson said the loop will serve as an “incredible amenity” for their project and the surrounding community.
- “Our support for The Loop includes financial contributions over time for nearby improvements, on-site infrastructure, and other efforts to raise additional funding to support this important community initiative,” the statement read.
Flashback: When Trianon Condominiums opened in the early 1970s, it boasted “the ultimate in luxurious apartment living,” including private patios and deluxe appliances, according to an October 1973 ad in the Charlotte Observer.
- Back then, nearby SouthPark mall had only been open for a few years on land that was formerly a dairy farm.
- A few years ago, all of the property’s 100+ owners decided to sell.
Charlotte City Council member Tariq Bokhari, whose District 6 includes SouthPark, told Axios the Trianon site is “one of the most important parcels in the transition from dairy farm to mall to dense area.”
Renderings courtesy of the Related Group.