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Editors, Charlotte Magazine Real Estate Roundup .
Feb. 06, 2003 
Townhomes to be just trot from transit
Sedgefield Station units go for under $110,000
DOUG SMITH

Gateway Homes has started a 45-unit townhome project in Sedgefield within walking distance of a planned light-rail station.

The proximity of the 3-acre site to the proposed New Bern Street Station off South Boulevard influenced Gateway's decision to develop Sedgefield Station, said company president Doug Levin.

The project, on Weston Street just off Greystone Road, is within three blocks of 3030 South at New Bern Street Station, a $19 million urban village planned at the transit stop by Crosland Heath Partnership.

The south transit line, a 10-mile link from uptown to near Pineville, will roughly parallel South Boulevard. Trains are expected to start running on it in 2006.

"Our townhomes are connected to the Sedgefield neighborhood, but they're still close enough to the tracks for residents to leave the car in the garage and ride the train to work," Levin said.

The two-story units, about 1,300 square feet with two bedrooms and 2 1/2 baths, are selling for $105,000 to $109,000.

Levin, who said nine people have signed purchase contracts, expects the first units to be completed by June.

The townhomes were designed by Cline & Associates of Raleigh with front porches, columns, shingles, brick and siding to resemble Dilworth homes.

Large, open floor plans include a master suite, separate dining and living areas and a kitchen. Eight buildings will be clustered around 40- to 50-foot-wide courtyards. Single-car garages open on rear alleys.

Levin estimates the value of the project at $5 million. More information is available on the Web at www.sedgefieldstation.com.

Gateway Homes is the builder, as well as the developer.

Among the company's previous projects are The Colony Lofts -- 25 townhomes and nine lofts in the North Davidson Arts District -- and 129 townhomes at Birkdale Village in Huntersville.

 

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