What’s next for part of Brookhill Village site after sale

CHARLOTTE — A portion of a large affordable-housing development near Charlotte’s booming South End is under new ownership, and redevelopment plans call for new affordable and market-rate housing on the site.

[Charlotte housing crisis forces families to live in substandard conditions]

An entity called the South Tryon Community Development Corp. acquired the land lease at Brookhill Village, which covers about 36 acres at South Tryon Street and Remount Road, on Dec. 31 for $792,000, according to Mecklenburg County real estate records.

What’s being called the New Brookhill is being led by South Tryon Community Development, a nonprofit, as well as Tom Hendrickson, president of Lookout Ventures. An affiliate of Lookout will serve as the developer while Brookhill Land Lease Ventures LLC will serve as leasehold tenant for the proposed project.

Plans call for a 324-unit multifamily community with three-story flats and two-story townhouse buildings on about 15.5 acres of the Brookhill Village site.

Read the full story here for more on what’s to become of that site.

Residents celebrate one of Charlotte's oldest affordable housing communities Residents celebrate one of Charlotte's oldest affordable housing communities

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