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STERLING DILWORTH APARTMENTS IN CHARLOTTE NOW CONVERTING TO “1315 EAST” CONDOMINIUMS STERLING DILWORTH APARTMENTS IN CHARLOTTE NOW CONVERTING TO “1315 EAST” CONDOMINIUMS Urban Lifestyle In The Heart of Dilworth: 162 Studio, One-Bedroom, and Two-Bedroom Floorplans Priced From The $160s. Charlotte, NC – October 9, 2005 – Grubb Properties, the local real estate firm behind the 24-acre mixed-use Morrison neighborhood in SouthPark and the revitalization of six blocks along historic Elizabeth Avenue near Uptown, today announced that it will convert the upscale Sterling Dilworth Apartments on East Boulevard to condominiums as current leases expire. The new condominium, to be called “1315 East,” is located in the heart of Dilworth, Charlotte’s original streetcar suburb and one of the city’s most prestigious and desirable neighborhoods. It is situated in Latta Pavilion, a mixed-use landmark on East Boulevard featuring Patou Bistro and a number of upscale shops, boutiques, and professional offices. 1315 East will offer 162 condominium flats in a combination of studio, one-bedroom and two-bedroom floorplans – many overlooking a stunning two-level landscaped courtyard with waterfall and some featuring expansive views of the Uptown skyline. Prices will range from the high $160s to the $420s, with most homes selling in the $100s and $200s. "We've had renters tell us for years that they'd love to buy their homes here, so we finally decided to let them," said Missy Clements, property manager for the Sterling Dilworth Apartments. "It's a beautiful building - contemporary urban design, exceptionally quiet, with a stunning waterfall courtyard - so it's a very nice place to live.” “But as much as anything, they love the convenience and energy of Latta Pavilion and East Boulevard. They're steps from some of Charlotte's best restaurants, grocery stores, coffee shops; minutes from Uptown, Southend and SouthPark; and right in the midst of Dilworth's stately, tree-lined neighborhoods." "On top of that," added Brannon Gilliam, director of residential sales for Grubb Properties, “these are relatively unheard-of price points in Dilworth. With closings and move-ins possible within a few months, and with interest rates still at historically low levels, the time to buy an urban condominium in Charlotte is right now." Current renters have a 30-day right-of-first-refusal on purchasing their units, and none will be required to leave prior to the expiration of their current lease. Sales to the general public will begin in early November, and the company is already staffing a sales office on-site to handle inquiries and build a priority list for Phase 1 sales. Additional information is available by:
Click here to see Doug Smith’s article in the Charlotte Observer. http://www.charlotte.com/mld/charlotte/business/columnists/doug_smith/12856631.htm Posted: October 10, 2005 - News | More News |