PROFFITT ACQUIRES SITE FOR $40M APARTMENT COMMUNITY

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CHARLOTTE, N.C. — Proffitt Dixon Partners has acquired a site for its newest Charlotte-area apartment community, Fountains Uptown. The $40 million, six-story community will include 230 apartments, located at 900 E. Stonewall St. Nearby employers include Duke Energy, Wells Fargo, Bank of America and NASCAR. The apartments will include 10-foot ceilings, granite countertops, stainless steel appliances, built-in microwaves and ceiling fans. Select apartments will have oversized garden tubs, large master closets and moveable kitchen islands. The 8,000-square-foot clubhouse will feature a fitness center and pet spa. Construction is expected to start in early fall with move-ins expected to begin in 2015.

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