150-Unit Rental Project Slated for Mount Pleasant Site
HAVN Developments have submitted a rezoning application under the Broadway Plan to redevelop a 4-lot land assembly at the corner of East 10th Avenue and Carolina Street in the Mount Pleasant area.
The 16,000 SF site is located immediately adjacent another recent rezoning proposal by Fastmark Development for a 19-storey, 175-unit rental tower.
The Broadway Plan only permits one tower in this block, and so the proposal requires a relaxation of that policy, as well as some minor relaxations on building setbacks. The application makes light of an ongoing issue surrounding LOE applications made by property owners in the Broadway Plan to secure tower placements. From the submission: “Due to the extraordinary volume of LOE applications, the processing period took over six months; while we were waiting for a response to our application, another project on the same block bypassed the LOE process and submitted for Rezoning. As there is a one tower limit on the block, we understand that by opting for the reccommened LOE process, 2535 Carolina has lost its position as the only tower on this block, and the opportunity to be a compliant project under the current policy is no longer possible.”
The proposal for the site at 2535 Carolina Street is to allow for the development of an 18-storey rental building that includes:
- 150 rental units with 20% below market rental units (approx. 33 units);
- 828 SF corner store;
- a total density of 5.80 FSR;
- A building height of 204 ft.; and
- 53 vehicle parking spaces and 250 bicycle spaces.
The site is located in the Broadway Plan.
The architect for the project is MCMP Architects.