Pappas Properties Green Lighted for Charlotte Venture

Pappas Properties received approval from the Charlotte City Council to move ahead on Phase III of its mixed-use project on Pearl Park Way. The Charlotte Business Journal reports the okay will allow for a planned multifamily tower to reach a maximum height of 275 feet with 425 units. Ten units have to be rent-restricted. This final phase also includes a 150-room hotel, up to 100,000 square feet of office space and up to 35,000 square feet of retail.

Solis Midtown, the project’s most recent phase, delivered last summer. That 329-unit property at 1133 Harding Place, was developed by Terwilliger Pappas. Atrium Health’s Kenilworth Medical Plaza I and II, also the project’s second phase, opened in April 2021 at Kenilworth Avenue and Harding Place. The $228.1 million medical plaza includes more than 250 exam rooms.

Phase one included a $28 million headquarters building for Canopy Realtor Association. That 60,000-square-foot building opened in September 2019.