Trehouse Condominiums a Dilworth Project Put on Hold

Posted On: November 5, 2008 By: admin

According to an October 31, 2008 article found in the Charlotte Business Journal, real estate developer, David Furman, has postponed the TreHouse Condominiums project in Dilworth due to declining condominium sales in Mecklenburg County this year. Furman hopes to reignite the TreHouse Condos project when the housing market corrects itself, which he hopes will be in 2009.
 
The TreHouse Condos, which was scheduled to be located on the corners of Euclid and Tremont Avenues, was slated to be a 50-unit, four-story, multifamily building in the heart of the Dilworth community.
 
Furman’s building of the Trehouse Condos went against recommendations from the Charlotte-Mecklenburg Planning Department (CMPD) since they recommend building multifamily buildings holding 22 units per acre. In December 2007, however, Charlotte City Council members approved Furman’s project to be built at 50 units on 1.5 acres of land, which is above what the CMPD recommends.
 
In addition, the Charlotte Historic District Commission disagreed with Furman’s plans to demolish several buildings in Dilworth in order to make room for the TreHouse and gave Furman a one year hold on building the condo. After the hold expired, Furman continued to build, but sales slowed down and the current project is now on hold until the economy and the Uptown Charlotte housing market improves.

David Furman who’s company Centro City Works has also built TradeMark Condos, Courtside Condos and Gateway Lofts.  They recently just finished a first ward project The Ledge Condos and The Row Condos.  The Garrison at Graham Condominiums which is a fourth ward project, is still under construction. 

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