5 Points Realty keeps a close eye on and ears to the ground for all Charlotte real estate and we are thrilled to welcome the Charlotte River District to the city’s west side. The ceremonial groundbreaking for this long-time coming development was held just last week. We think you’ll be as excited about what’s coming as we are!
The west side of Charlotte is a vibrant section of our city and a special place for us personally. Our first office proudly resides in Biddleville on Beatties Ford Road and is now on a stop for the CityLYNX Gold Line.
The development will be nestled on 1400 acres of land between the sixth busiest airport in the nation, Charlotte-Douglas International Airport, and the mighty Catawba River. According to Axios, for the past seven years, Charlotte developer Crescent Communities has been planning the mixed-use development. Now, it’s happening.
The soul of the city in the heart of nature
That’s the way Crescent describes The River District on Instagram. The development is designed for our reimagined lifestyle, post-pandemic. We simply feel different about where we want to work, live and play. We are excited that it’s mixed-use because that’s a more sustainable way of developing. It eases unnecessary urban sprawl by putting resources and housing in very close, easily accessible proximity. You might not even have to get in your car.
The River District will have:
- 2,300 single-family homes
- 2,350 multi-family units
- 124 affordable housing units
- 1,000 hotel rooms
- 200 retirement units
- 8 million square feet of commercial space
- 500 acres of preserved land
It’s all about connectivity
The River District is designed to connect city living with outdoor experiences, bringing together parks, green spaces, art, gardens, homes, offices and shops. Some 40% of the acreage is reserved for open space, including a riverfront park and 30 miles of trails. There will be three water access and launch points.
First things first
Long before the first home will be built, Crescent has been working with the City of Charlotte on infrastructure improvements. The city approved millions of dollars to help extend West Boulevard, widen Dixie River and Garrison Roads, build a water line and make streetscape improvements for pedestrians and bicyclists.
The First phase of construction is on the Westrow area, a 70-acre town center. It will have 514 apartments, about 40,000 square feet of office and retail, restaurants, event space, and a two-acre working farm.
Building construction will start by early 2024. It will be about a year after that before they’re ready for tenants.
Nothing else like it
“You could be paddle boarding on the river and in no time at all be at the airport or be in your office,” Charlotte Assistant City Manager Tracy Dodson told Axios. “It’s a pretty cool thing that we just don’t have anywhere else in Charlotte.”
Imagine going canoeing, going back home then grabbing a cocktail with a neighbor, all without getting in your car. 5 Points Realty keeps a close eye on and ears to the ground for all Charlotte real estate news. This is one project we are particularly excited about.
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