CHARLOTTE, N.C. — A real estate developer with properties around the world, including in New York and San Francisco, announced it has closed on purchasing 1.9 acres of land in Charlotte's South End for a new development.
Portman Residential is planning a retail and residential complex on South Tryon Street, near the intersection with Tremont Avenue. In a press release, Portman said the land was purchased as part of a partnership with an undisclosed investor. Portman Residential officials said South End's access to the light rail and walkable living areas made it an attractive option for the new development.
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“The South End is known as Charlotte’s heartbeat, and we are proud to contribute to South End’s continued vibrancy with a high-quality mixed-use development,” Harvey Wadsworth with Portman Residential said. “This area offers residents a little bit of everything, and we are excited to develop a centerpiece of this thriving submarket.”
Groundbreaking on the development is expected to happen in early 2023. No further details were released at this time.
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