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The Park Condos in 3rd Ward gets “OK” for Hotel Rooms
Posted On: May 17, 2010 By: admin
Another chapter goes down in the books as The Park Condos gets “OK” for hotel rooms. The Park which is located in 2nd Ward, was one of the earlier projects during the economic boom, however was never completed. Many buyers lost their earnest money and have sued the developer to reclaim lost funds. Due to the developer filing chapter 7, it is highly unlikely they will ever seen any return of their monies.
According to recent reports the Charlotte City Council has approved hotel rooms and a rooftop restaurant to the unfinished condo tower. The new zoning calls for up to 148 hotel rooms and 74 residential condo units.
The building is currently 70% complete and would take up to 20 months to finish once construction begins.
We have also blogged about The Park Condos in these related stories.
On May 25th, 2009 – The Park Condos Developer Files Chapter 7
On August 19th, 2009 – Park Condos in Uptown Charlotte get a buyer
Category: Second Ward
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