Property Showcase: Hanover Company Caters to Charlotte’s Upscale Renters-By-Choice

By Erika Schnitzer, Associate EditorIn Charlotte, N.C., single-family living tends to dominate, notes Bo Buchanan, development partner at The Hanover Company. But at The Residence at SouthPark, a luxury, mixed-use development adjacent to the open-air SouthPark Mall, renters-by-choice can find the same high standard of living found in single family homes, Buchanan asserts. “We’re not putting in apartment finishes. If someone sells his house but doesn’t want to buy another one, he’s going to feel at home [at The Residence at SouthPark],” adds Buchanan. “We’re not catering to roommates.”With 1,025 to 3,057-sq.-ft. residences that feature walk-in closets, separate showers and tubs, and double bathroom vanities, The Residence at SouthPark is designed to please the area’s upscale demographic. “The level of finish [is that of] a boutique hotel,” Buchanan says. “We’re not competing on price because we have this product—no one else has it,” he says. With this concept in mind, The Hanover Company ensured high-end finishes throughout its 150 units. Travertine tile, stainless steel appliances, flat top ranges with vented hoods and three-cm. granite countertops are all standard. The flooring “is a combination of walnut hardwood and ivory-colored travertine,” says Randy DiStefano, director of interior architecture for The Hanover Company.The style of the one-, two- and three-bedroom units is warm but not too contemporary, explains DiStefano. This aesthetic is on par with the target demographic—which Buchanan describes as “wealthy individuals used to a certain standard of living [they] won’t get at an apartment complex.” While the woods are mostly a walnut tone, “We try to offer a little color in the unit so it’s not so bland,” DiStefano says. The ivory travertine tile, dark grey-green accents with hints of gold, and dark woods “add warmth and make it a little less white, less vanilla,” DiStefano notes. Residents can choose between three available color schemes. Click here for a slideshow of images.THE RESIDENCE AT SOUTHPARKLocation: Charlotte, N.C.No. of Units: 150Completed: 2008Monthly Rents: $1,900- $7,000Unit Size 1,025-3,057 Sq. Ft.Leased: 75 percentProject TeamDeveloper, Interior Architect: The Hanover CompanyBuilding Architect: Design CollectiveInterior Furnishings: Kathy Andrews InteriorsMaterialsPaint: Benjamin MooreLighting: Nora, Forte, Transglobe, CraftmadeFlooring: Pollmeier Inc.Carpeting: MohawkAppliances: Maytag, Amana, WhirlpoolDoors: Builder’s First SourceCabinetry: LeedoCountertops: Thorntree Slate