News
COLONIAL GRAND EXPANSION SOUGHT
January 23, 2012
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| Birmingham, Ala.-based Colonial Realty, owner of the Charlotte garden apartment community Colonial Grand at University Center, hopes to start adding almost 100 more units before year's end. (If you wanna get there just take McCullough Drive, make a left at Collins-Aikman Drive, then look for the giant red bars painted on the ground.) Rental rates at the existing 156-unit complex run from about $715 per month for a one-bedroom to about $1,140 for a three-bedroom. Units in the proposed addition should be comparable, Colonial?s Ed Wright tells us. A project cost has not been determined. Colonial has filed a rezoning petition with Meck County. A public hearing is scheduled for March 19. |
