Charlotte Group Building 290-Unit Affordable Apartment Project
Historic West End Partners has amassed several parcels on West Trade Street, allowing the company to pursue a mixed-use development that’s expected to be anchored by a grocery store.
Historic West End Partners will collaborate with Chotomy, the development arm of local architecture firm Shook Kelley; The Integral Group; and Charlotte nonprofit P3 Foundation on a six-story, 290-unit apartment building that will include a 15,000-square-foot market as the ground-floor anchor tenant. The five-parcel assemblage will total just over 1.5 acres and cost $100 million to build. Funding will come from donations and privately placed tax exempt bonds.
The Charlotte Business Journal reports the affordable housing development will be unlike any other project the city has seen because it will be wholly owned by a group of nonprofits. As co-developers, Integral and Chotomy will only be compensated on a fee basis with no ownership in the project.
The groups hope to break ground in 2026 and deliver in late 2027.
