CHARLOTTE, N.C. - Residents at a local apartment complex have a few weeks to move. Management told them Thursday that the Stratford Apartments on Park Road have been bought by a major redeveloper, and now their homes are being turned into a luxury community.
They have to be out before April.
"The acquisition of this property and the proposed new development offer a unique opportunity for us to provide a high-design, high-quality multi-family residential community within the prestigious Myers Park neighborhood,” said Michael Blair, managing director of development for Pollack Shores Real Estate Group.
Residents were given a 30-day notice they'll have to find new places to live, with some on a month-to-month rent basis, while others had leases with a 30-day termination clause. Treshawn Stuckey said she signed a lease in August.
"I had a year contract. I had a one-year contract,” Stuckey said.
She has one of the 103 occupied apartments and she has no idea where she's going to live.
"It's mind-boggling really. I just don't know what I'm going to do right now," she said. "Very upsetting. Very short notice. It's crazy."
There is some good news for residents. They don't have to pay the last month's rent but that will be during March when they have to find a new place to live.