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The Vue Converts Condos to Rentals

Posted: Oct. 24th, 2012  |  By Michael Pearse
The Vue
Mark Hames

With numerous expansions and leisure spots being added to The Vue in uptown Charlotte, renters are getting a taste of luxury right alongside the handful of condo owners who already reside in the location. As the apartment rental industry continues to rise in the North Carolina city, the new owners of The Vue should expect to see more and more of their unites leased.

The Vue has leased 70 apartments since the summer, when the uptown high-rise building’s new owner converted 392 condominium units into rentals.

“We have had overwhelming interest from people wanting to be uptown and to live in the one-of-a-kind Vue high-rise,” said David Ravin, president and chief executive officer of Northwood Ravin, which manages the property. Northwood Ravin is an affiliate of Northwood Investors, which purchased the Vue at foreclosure auction in June.

“We are seeing interest actually accelerate into the fall as people become aware the building now has luxury rental options,” Ravin said.

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