CHARLOTTE — Washington, D.C., developer Akridge and Virginia-based developer Kettler have partnered on two multifamily projects that will add a total of 865 new units to South End.
Both projects, a 450-unit, 31-story high-rise at 1427 South Blvd. and a 415-unit, seven-story midrise at 3119 South Blvd., are scheduled to break ground toward the end of the year.
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Akridge and Kettler purchased 1427 South Blvd., a 0.9-acre property at the edge of South End and Dilworth, for $13.5 million on Dec. 20. The small business plaza currently there is home to Modern Man, Savvy Seconds Consignment, Fresh Nails, Lucky Fish and Destined To Make It.
On Jan. 11, the firms closed on the $17 million purchase of 3119 South Blvd., spanning 2.8 acres near lower South End. The property, formerly home to Pattons, Inc., is now vacant.
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