Local

Groundbreaking nears for next apartments coming to Gold District

CHARLOTTE, N.C. — Charlotte developer Grubb Properties has acquired land in the Gold District, where it will soon break ground on an apartment project.

Grubb recently purchased three contiguous parcels at South Mint, West Palmer and South Graham streets for $6.3 million, according to Mecklenburg County real estate records. There, Grubb will build a seven-story, 259-unit project, which will be one of its Link-branded developments, said Eric Applefield, director of development at Grubb Properties.

This will be the third Link project in Charlotte for Grubb, which is beginning site work for the second Link deal in Montford Park, Applefield said.

Grubb’s Link apartments tend to use a shared-parking model, in which apartments and an office building share one parking deck, to reduce development costs and rental rates.

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