Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Good dirt doesn’t come cheaply in these parts, Crosland Properties is finding out. The firm paid Carolinas Brownfield Development Group $1.3 million for 4.6 acres of decontaminated textile land at south Boulevard and Griffith Street. The price equates to a lofty $282,609 per acre or $6.49 psf.

Crosland plans to break ground in February on 25,000 sf of office/retail and 94 residential units. The site was previously occupied for 50 years by Terrell Machine Co.

Crosland is also working with Pappas Properties at Birkdale Village, a mixed-use project under construction near Interstate 77 in Huntersville. The venture will comprise 325,000 sf of retail, restaurants and entertainment; 75,000 sf of offices; and 180 apartments atop three-story commercial buildings.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.