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Wednesday, March 25, 2009
News / Biz NoDa project will start small, expand later
Posted By Rhiannon Fionn-Bowman on Wed, Mar 25, 2009 at 12:45 PM
The mix residential and commercial building boasts 100 percent financing for first-time buyers. Talks are in the works for a grocery store, too.
The first building in MercuryNoda at North Davidson and East 36th streets would have 28 condos in a three-story structure with 16,000 square feet of street-level commercial space. Tyler Foster of Hyperion Group had planned to launch with a six-story, 130-unit condo building, but the economic downturn made pre-selling difficult for new projects.Foster said that when MercuryNoda sales leveled off at 22 units, he shifted gears and decided to do the larger building later.
Read the rest of this Charlotte Observer article here.
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