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There’s a $30 million groundbreaking near Eastland Mall you probably haven’t heard about

No trespassing signs are posted along the 5800 block of Albemarle Road where a developer is building 128 apartment units. The affordable housing development is set to be finished by next summer. ALEX SLITZ alslitz@charlotteobserver.com Read more at: https://www.charlotteobserver.com/news/business/development/article264285401.html#storylink=cpy

By Gordon Rago, The Charlotte Observer

 

You’ve likely heard about plans for the old Eastland Mall site. The development opened to much fanfare last week with local officials and the developer giving speeches and shoveling dirt.

While crews officially started construction on the $175 million, mixed-use project, another, lesser-known development is happening just across the street.

An out-of-town developer already broke ground on a 128-unit apartment project with affordable housing along Albemarle Road. The two sites are just a few steps from one another, separated by Albemarle Road.

Some residents are encouraged to see another sizable investment — this one for $30 million — come into a corridor that’s been lacking on that front. Others are concerned about added congestion, especially when you have two projects under construction at the same time.

Read more at The Charlotte Observer