The Fulcrum, a new condo building in South End, hopes to have its first 45 units complete by fall 2021. There are one- and two-bedroom options, priced from $305,000 to $449,000.
“We are targeting millennials who want to make an investment in themselves by owning their own home,” Phil Smith, CMO of Fulcrum Living, told the Agenda. “The key piece being they don’t want to give up the lifestyle they currently enjoy by having to move further from Uptown and away from the South End neighborhood they enjoy.”
Options: There are two one-bedroom layouts, from 719 to 780 square feet and three two-bedroom layouts at 1,072 to 1,220 square feet. There are 45 units in this first building, with another six buildings planned, Smith said.
Cost: One bedrooms range from $305,000 to $334,000, and two beds are $391,000-$449,000. That means your estimated monthly mortgage would be $1,700 on the low end and $2,300 on the high end.
Price comparison: The cost of owning a Fulcrum condo is comparable to and even cheaper than rent at many of South End’s apartment complexes. For example, one-beds at Camden Gallery, one of South End’s more affordable luxury complexes, ranges from $1,279-$1,439 a month. One-beds at Novel Atherton are $1,575-$2,310 a month.
The price tag is also slightly less than other condos currently on the market in South End; including a couple in the old Lance building — starting at $425K for a one-bed — and at The Arlington, the pink glass building, — starting at $349.5K for a one-bed.
Design: The vibe they’re going for is “industrial chic” with brick backsplashes and butcher block islands in each of the units. Also expect 11-foot ceilings, open floor plans, and modern white cabinetry. Each floor will also be designed to have a neighborhood feel.
Amenities: The building has some features South End renters are used to, like controlled access to the building and parking, a package drop off area, dog-friendly green space, electric vehicle charging stations, storage units, and a courtyard.
Timeline: The aim is for move in to start fall 2021.
original article via Charlotte Agenda