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Uptown Condos Selling Like Hotcakes

CHARLOTTE-Pre-construction sales at the Park, a 20-story, 106-unit uptown condominium, are averaging 12 units per month--and the project hasn't even broken ground. Prices start at $150,000 and run to $550,000 for a penthouse.

By Robert Anthony | Updated on September 19, 2000

CHARLOTTE-Uptown residents are hungry for condominiums, developers Pete Verna and Tom Woollen are learning. Their 20-story, 106-unit project, the Park, is selling units at the average rate of 12 per month–and the venture hasn’t turned the first spade.

The four-month pre-construction sales mark of 48 units is prompting the developers to break ground by January. The price range is $150,000 to $550,000. The Park will be built atop a four-story parking garage and will be Uptown’s tallest residential tower.

The project is in the city’s Second Ward, which hasn’t seen any new residential development since the 1970s.

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