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237 S. WESTMONTE DRIVE

ALTAMONTE SPRINGS, FL 32714

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PROPERTY MANAGEMENT

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THE ADDISON EIGHTY50 | CONCORD (CHARLOTTE), NC

The Addison Eighty50 Concord, NC
The Addison Eighty50 Concord, NC logo

The Addison Eighty50 is a wooded 26.1+/- acre property with rolling topography and an existing 2-acre lake at its center.  The development will realize several advantages from the site’s existing character.  Elevations on the north eastern portion of the site are some of the highest in the region.  This will grant our 4-story buildings exceptional visibility from anywhere in the surrounding area… including the 152,000 vehicles traveling daily along the local segment of I-85/Jeff Gordon Expressway and the 44,000 traversing Bruton Smith Blvd at Weddington Rd.[1]  The entire northern property line fronts along State Road 1520/Old Holland Road from which both access point to The Addison will originate.  The community’s main entrance will be located closest to the Old Holland Rd & Weddington Rd intersection with its secondary entrance further east.  Eighty50’s second entrance will eventually become a shared drive providing access to the adjacent lands.

 

Old Holland Rd runs NW from the site about ¼ mile and terminates just before reaching I-85.  Heading SE about 2/3 of a mile from the community’s main entrance, Old Holland terminates in Mecklenburg County at its intersection with Moerhead Rd.  Weddington Rd. on the other hand serves as a throat road from Bruton Smith Blvd. granting access to several commercial/retail developments and ultimately the Great Wolf Lodge.  Weddington’s current southern terminus is The Addison’s northern property line and to the north it extends roughly 6.5 miles into Cabarrus County towards downtown Concord.  Weddington Rd & Old Holland Rd are planned to have future extensions which is discussed in more detail below in “The Addison Eighty50 Advantages” section.                   

 

The Addison Eighty50 will further take advantage of the property’s topography by providing stepped slabs on each of the residential buildings facing the existing lake.  Their 4-story rear façade, versus 3-story front, will maximize the number of units with view premiums.  Finally, 3+/- acres along the western edge of the property will remain undeveloped.  A stream runs through this section of the property, from north to south, and has an associated protective buffer that is not allowed to be encroached upon.  A portion of this 3-acre area is also being reserved for the future Weddington Rd extension.  (Receiving compensation for its associated ROW is a potential future benefit for the JV).  A combination of The Addison’s lower density product, the existing lake, and these undeveloped areas will allow the community to maintain ample green space thereby offering a more traditional North Carolina feel to the community.

[1] NCDOT AADT, 2017

 

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