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What’s behind the ‘tsunami’ of 20,000 apartment units being built in the Charlotte area?

By Gordon Rago, The Charlotte Observer

 

Last March, construction began on 235 apartments along East 36th Street in Charlotte’s NoDa neighborhood. A few months later, in June, work started on another apartment project just steps away.

By next year, that project will bring 534 apartments. The work is centered around the LYNX Blue Line’s 36 St. light rail station, near the heart of NoDa’s bustling core of residential units and businesses.

The nearly 800 apartments are part of a record wave of apartments that are being built in the Charlotte area today. One developer likened it to a “tsunami” of new apartments coming to the area.

There are nearly 20,000 units under construction, according to CoStar Group, a real estate research firm. That set a record dating back to the year 2000.

Read more at The Charlotte Observer

The Charlotte Journalism Collaborative is supported by the Local Media Project, an initiative launched by the Solutions Journalism Network with support from the Knight Foundation to strengthen and reinvigorate local media ecosystems.

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About The Project

Solutions Journalism Network launched the Charlotte Journalism Collaborative in 2019, a partnership of six major media companies and other local institutions focusing on issues of major importance to the Charlotte region. The collaborative is supported by $150,000 from the John S. and James L. Knight Foundation, as part of its $300 million commitment to rebuild the future of local journalism, essential to a functioning democracy.

The Charlotte Journalism Collaborative (CJC) is modeled on the Solutions Journalism Network method of investigating and reporting news with a primary focus on solutions to community problems. “At a time when local journalism jobs are disappearing and trust in media has hit an all-time low, the Solutions Journalism Network has taken on the challenge by organizing collaborative journalism reporting projects that promote excellent reporting and civic dialogue. the model has the potential to be part of a new wave of great local reporting, which is vital to building strong communities,” said Karen Rundlet, Knight Foundation director for journalism.

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