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June 2, 2005
Parkwood Knolls
Doug Smith's Notebook
• The goal of Via II Architects
principal Ed Hickman was to make a new
Park Road
luxury condo project "look like it has been there for 100 years the
day it opens."
Check out his firm's accompanying
rendering of 24-unit Parkwood Knoll, planned near the Park Road YWCA and
Hillside West condominiums.
"We studied a lot of
northeastern residential architecture, primarily
Georgetown
style in the
Washington
,
D.C.
, area," Hickman said. "This is a hybrid with a little French;
what we believe is a really historical, vintage piece of
architecture."
Prices are from $404,125 to
$607,500 for condo flats ranging in size from 1,525 to 2,250 square feet.
The three-story, brick-and-stone
building will be complemented on the 2-acre site by gated, landscaped
grounds and a courtyard.
Owners will have two spaces per
unit in an underground garage, plus guest and overflow parking.
The developers -- Charlotteans
Linwood Bolles, Tom Ross and Billy Graves -- plan to start the $11 million
project by August and finish by fall 2006.
They're negotiating with
Charlotte
's Cox & Schepp Construction Inc. to build it.
Bolles, of Allen Tate Realtors,
also is the listing agent for Parkwood Knoll He said six units are
under contract.
• Post Properties Inc. has
acquired 319-unit
Ballantyne Place
apartments in south
Charlotte
for $37.3 million in a tax-deferred, like-kind exchange transaction.
The Atlanta-based real estate
investment trust said it also expects to incur other costs totaling about
$2 million in connection with the acquisition.
Ballantyne Place
,
14205 Ballantyne Lake Road
, will be renamed Post Ballantyne. Completed in late 2004, it's 77 percent
leased. Post bought the complex from Roberts Realty Investors Inc.
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