Mixed-use project planned for church site in SouthPark

Childress Klein has filed two rezoning applications to allow for the anticipated redevelopment of the Sharon United Methodist Church property on Charlotte's Sharon Road as well as two adjacent parcels on Coltsgate Road. The rezoning for the church property, at the southwest corner of the intersection of Morrison Boulevard and Sharon Road, would allow for the development of the following: • Up to 170,000 square feet of commercial space, including office, retail, restaurant, personal services and…

Development firm could bring golf entertainment complex to southwest Charlotte

American Asset Corp. is looking to develop 19 acres it owns in southwest Charlotte at West Arrowood Road and Interstate 485, potentially for a 75,000-square-foot golf entertainment complex. The Charlotte real estate firm is seeking a rezoning for the property in order to develop a multi-use business park at the site, but AAC is asking City Council to approve two development alternatives. The first would include the golf entertainment complex, which would be housed in a building that would include…

Campus Crest nixes dividend payments

Campus Crest Communities Inc. (NYSE:CCG) is doing away with dividend payments for 2015, as the Charlotte-based company works to improve its operating results, sell assets, raise capital and refinance existing credit lines. “We remain extremely focused on pursuing Campus Crest’s strategic repositioning, and strengthening our financial and liquidity position,” Richard Kahlbaugh, nonexecutive chairman, said in a news release Wednesday. “The Board of Directors feels that suspending the Company’s…