Fourth and Main wrote:
Northwest Blvd., Mixed-use:David Eagan
https://www.cmc-nc.com has 1040 and 1064 Northwest Boulevard and 1149 Canal Drive under contract and is expecting to close at the end of next month. This site is between Hanes Park and West End Millworks, near the main retail area at Hanes Park. You may know these buildings as Forsyth Tire? These buildings will be renovated into 100 affordable apartments, retail, and possibly office space.
Do you remember this project? It's now under the working name
Canal Drive Apartments (subject to change?). The developer will
demolish the existing building or buildings and construct
a new apartment building with retail space and parking under the building. It will have the usual amenities. Look for demolition to start in the next month or two and for a new building to begin rising around the July 4th holiday (Timelines can be impacted by COVID-19 issues).
So, we have two apartment buildings that could be completed later this year, one that is starting to rise-up, another starting interior demolition, and now four or five more that are starting or about to start the permitting process. And, of course, there is a condominium building we are still waiting for and talk of another 450 apartments in the iQ. Downtown is really booming right now. So many different developers that view downtown as a great market to invest, too!
Building to be demolished for a new apartment building:
https://www.google.com/maps/place/1064+ ... 80.2610991It should be a great location, with a view of Hanes Park and in walking distance of restaurants and retail. Maybe this will reduce the parking concerns in the area, since these residents can walk or bike to the neighboring businesses and park. The building is also designed for cyclists. This is very exciting and a next step for Northwest Boulevard. Will we see this area go vertical with 4-6 storey apartment buildings?