Chicago developer planning high-rise apartments on South Boulevard

Charlotte Business Journal
·1 min read
2

Chicago-based Sterling Bay has big plans for its entry into the Charlotte market, beginning with a best-in-class apartment tower in South End.

The developer paid $6 million for 0.6 acres at the corner of South Boulevard and East Park Avenue. The sale closed on Dec. 16, according to Mecklenburg County real estate records.

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Ryan Walsh, Sterling principal and acquisitions lead, said the project is still in the early design phases. Sterling intends to build luxury, high-rise apartments on the site.

“In South End, you have a sea of low-rise and mid-rise apartments,” he said. “We see that as the real opportunity, to create an ultra-luxury, elevated living experience, similar to what you might traditionally see in uptown.”

The property is currently home to Sandwich Max, which previously operated as Sub Station II, and Beijing Chinese Restaurant. It’s unclear what will happen to the two businesses.

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