X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

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.

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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. Apartments 2020Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt

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

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.