Another multi-use project is in the works, this time on the Southeast side of Uptown. Located at the corner of Kenilworth Avenue and Greenwood Cliff Road, the site is adjacent to Pearl Street Park. It is currently the home of the Charlotte Regional Realtor Association and the Mingle School of Real Estate.
This great location is walking distance to Midtown Park on the Little Sugar Creek Greenway. It is also walking distance to the Metropolitan Shops with plenty of shopping and dining locations.
The current building for the Charlotte Regional Realtor Association and Mingle School of Real Estate will be demolished to make way for the new project.
The first phase of construction will extend Pearl Park Way, Berkeley Avenue, and build the new headquarters for the Charlotte Regional Realtor Association and the Mingle School of Real Estate.
The subsequent three phases will have a mixture of retail, parking deck, residential, hotel, and office buildings. A timeline for construction has not yet been announced.
Pappas Properties heads up the project with the partnership with Selwyn Property Group. They now head into the planning and pre-development process. They just closed on the sale of 3.2 acres next to the current buildings which brings the total site to 5.2 acres.
This project is one to watch for sure as more and more high density projects move outside the I-277 loop. It will be a great location for millennials, families, or empty nesters alike. It remains to be seen if the units will be apartments or condos, that will depend on planning, zoning, and city council. We will be watching to see if this building follows the trends of having luxury amenities. Charlotte is teeming with projects similar to this one, so it has competition for sure.
If you are interested in learning more about this or any other project in the Charlotte area, give us a call at (704) 525-4045. You can view current listings on our website here.