CHARLOTTE-Industrial-themed West Morehead Street is getting new neighbors in the office and condominium sectors. Neighboring Concepts plans to develop a three-building, 120,000-sf mixed-use venture on a 2.5-acre parcel.

The design firm paid $301,500 or $120,600 per acre ($2.77 per sf) for the dirt. The buildings will have 40,000 sf each with condos sitting atop street-level office space. Development costs have not been determined.

Keith MacVean of the Charlotte-Mecklenburg planning department, thinks the growth of residential development in the area could promote more retail.

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