Commercial Real Estate Roundup – April 2021

Apr 27, 2021 | Business Growth, Commercial real estate, Economic Development

TopGolf is the first of several attractions coming to University City’s emerging Entertainment District. Graphic courtesy of Cambridge Properties

April 21, 2021 – University City CRE News

Rezoning filed for next phase of University City Entertainment District

• Cambridge Properties seeks to rezone 40 acres, Business Journal reports.

• Petition calls for office building, hotel, apartments, commercial space and structured parking.

• Topgolf facility opening date not announced yet; WoodSpring Suites opened earlier this year.

• View University City Entertainment District plans.

• MORE

 

Apartments on campus edge sell for $12.5 million

• Mallard Creek Apartments has 11 buildings, 8 acres at 9800 Mary Alexander Road.

• New owner is Cedar Grove Capital, Charlotte Business Journal reports.

• Two-story garden-apartment buildings and clubhouse were built in 1985.

• View property report.

• MORE

 

Popeye’s Louisiana Kitchen coming to University City Blvd east of I-485

• Fast-food restaurant nearing completion at 11859 University City Blvd.

• Franchisee is Leblon Franchising, which operates 17 other Popeyes in Charlotte area.

• Wertz Real Estate Investments is marketing 1.1-acre site and 2,400 SF building.

• LoopNet listing and Marketing Package

 

Wild Wing Café opening at University Place

• Final landscaping work under way at 8760 J M Keynes Drive near N. Tryon St.

• Website up and running. Wild Wing Café hiring for new location.

• Facebook page shows Wild Wing Café at Pinnacle Drive permanently closed.

• Read FSR Magazine article about new Wild Wing Café.

• MORE

 

Lidl planning summer opening of Mallard Creek store

• Building at 615 W. Mallard Creek Church Road at Berkeley Place Drive

• German discount grocer just opened 8th Charlotte store in Steele Creek

• Mallard Creek store to have 25,656 heated SF, 2.9-acre site.

• Charlotte Observer shares Lidl expansion plans – MORE

 

Rezoning may add 131 townhomes for sale near Commons at the Park

• Petitioner DR Horton seeks rezoning of 22 acres at 7208 Mallard Creek Road

• Rezoning petition 2021-106 shows link to Penninger Circle, which runs by Commons

• Commons owner Shorenstein is renovating massive building for offices

• More about townhouse rezoning

• More about Commons at the Park

 

Work expected to start in July on apartments near Tom Hunter station

• The Oliver on Tom Hunter to have 221 units, cost $40 million, Business Journal reports

• J. Forrest Development hopes to close on 7-acre site in May, complete in 2023

• The Oliver to include eight units classified as affordable housing

• MORE

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