Cambridge Properties Bringing New Life to Aging Charlotte Center

Cambridge Properties plans to knock down a shuttered Kohl’s department store in Charlotte and build a 300-unit apartment project along with ground-floor retail space and a parking garage. Cambridge has already begun on a separate 400-unit rental community and 90,000 square feet of retail at the Mallard Pointe Shopping Center.

The latest permits for improvements have a total value of about $13.3 million. Crestline Construction is listed as the general contractor.

Cambridge is working with investment partner Withrow Capital.

Mallard Pointe is a Food Lion-anchored retail development off Grove Lake Drive. Cambridge purchased and developed the 15-acre property in 1996, alongside Withrow Capital.