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Charlotte Condominium News-New Construction-Resales-Development


Feb. 10, 2005

Condos will refine home-office hybrid
South End homes to offer living space on floor above work space

DOUG SMITH

South End development pioneer MECA Properties is introducing a project aimed at business owners who work at home.

Abbott Street Professional Town Homes will have an office and a garage on the first floor, a living area on the second and two bedrooms on the third.

"More and more, people are telecommuting and working from home," said MECA Properties President Tony Pressley. "They don't need an office and a workplace, but they want to compartmentalize their lives."

The concept is a refinement in Charlotte of traditional live-work condominiums combining businesses and residences.

"This is not meant for businesses who employ people who come to work every day -- that's a different product," Pressley said.

"This more like a home office, where you can receive people without taking them into your living area."

Pressley said he discovered a similar project in south Florida and modified it for the Charlotte market.

The 16 townhomes will be constructed in two buildings on about an acre across Abbott Street from MECA's Camden Square Village West -- the multi-colored commercial lofts visible from the corner of South Tryon Street and Worthington Avenue .

The townhomes, which average about 1,800 square feet, are listed for sale at $225 a square foot, or roughly $405,000 each.

Pressley believes the project will dovetail with one of Charlotte 's newest initiatives -- attracting more workers in "the creative class" -- ambitious workers ages 25 to 44 more interested in quality of life than specific jobs.

"South End is on the forefront of this -- we've been trying to build a creative class down here for more than 10 years," he said.

The new project also will help reinforce MECA's strategy of attracting a diversity of businesses -- especially those related to the building trades and design industry -- to South End, off South Boulevard near uptown.

MECA helped ignite the district's redevelopment surge more than a decade ago with restoration of the Atherton Mill. More recently, it created the Design Center of the Carolinas in a cluster of renovated industrial buildings.

About 230 design-related businesses ranging from home accessories suppliers to technology firms now operate in South End.

MECA's professional townhomes likely will appeal to people in those fields or small operators who provide services to them, Pressley said.

Solo practitioners he envisions there include graphic artists, architects, engineers, interior designers, consultants and accountants.

"A secondary market might be the generation of workers who are finishing up their careers but are not ready to close their businesses," Pressley said. "They might have homes at the mountains or coast but need to be in town for business two or three days a week."

The design of the townhomes will be edgy with large windows, balconies, high ceilings, track lighting and stainless steel finishes, Pressley said.

Narmour Wright Associates designed the project, and David M. Sidbury Inc. will build it. LandDesign Inc. was the land planner. MECA's residential division is handling sales.

Pressley expects to begin site work soon and deliver the first townhomes in early 2006. He estimated the value of the project at $6.5 million.

MECA started neighboring Camden Square Village West commercial lofts in 2002.

Pressley said 18 of those units have been sold to businesses ranging from architects to building products firms. Six additional units were finished recently, and six are to be completed later this year.

The village's eye-catching red, blue and yellow buildings were inspired by a trip Pressley made several years ago to Vancouver , British Columbia .

He returned to Charlotte with photographs of a former Granville Island industrial area that had been transformed by urban pioneers operating from colorful corrugated metal buildings.

Architects Reg Narmour and Curtis Sloop of Narmour Wright Associates used the images as the starting point in designing Camden Square Village West.

"As I travel and see interesting urban areas ... I'm always looking for the next opportunity to do something different," Pressley said.

 
 

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