Developer starts work on $166 million residential tower near BoA Stadium in Charlotte

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aspen heights charlotte

Texas developer Aspen Heights Partners has started work on a $166 million tower near the Bank of America Stadium in Charlotte.

The 12-story structure will include 393 apartment and townhouse units, and a five-story parking deck, the Charlotte Observer reported on April 29.

“The development of the high-profile site near Interstate 277 follows a decision last year by Charlotte City Council to rezone the nearby 55-acre Pipe and Foundry site,” the published report says. “It paved the way for additional development, including the possibility of a new stadium, as well as retail, hotels and restaurants.”

Meanwhile, a company with ties to the Austin-based Aspen Heights recently paid $16.25 million for six parcels totaling roughly 1.4 acres around 315 W. Morehead St.

Six vacant buildings on the site will be demolished, a spokeswoman for Aspen Heights told The Charlotte Observer in an email.

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