The Charlotte City Council has approved Rezoning Petition 2024-130 by Abacus Acquisitions LLC, changing the zoning of a 1.44-acre site from Manufacturing & Logistics (ML-1) to Innovation Mixed Use Conditional (IMU(CD)). The rezoning allows for the development of up to 28 townhome-style residential units in an area undergoing transition from industrial to mixed-use development. The project aligns with Charlotte’s growth strategy by introducing residential units in an evolving neighborhood with existing commercial and office conversions. The development includes enhanced pedestrian infrastructure, such as an 8-foot sidewalk and planting strip along West Tremont Avenue, internal alleyways, and a $10,000 contribution to Charlotte Department of Transportation (CDOT) for pedestrian improvements. The site’s location near Abbott Park and within walking distance to public transit makes it a strategic addition to the area’s housing stock.
This rezoning supports the conversion of aging industrial land into residential development, fostering walkability and community vibrancy. It increases workforce housing availability in a high-demand area while maintaining compatibility with adjacent mixed-use projects.