Apartment Developer Pursuing Phillips Place for Multifamily Community
Mid-America Apartment Communities is seeking a zoning change to build a 275-unit apartment complex and 15,000 square feet of commercial space at Phillips Place in SouthPark.
The Charlotte Business Journal reports the apartment community would be built where the former Regal Cinemas used to stand. The movie theater was demolished in 2022. Phillips Place, a 134,000-square-foot mixed-use center, was built by Lincoln Property Co. and opened in 1997.
Phillips Place is now owned by Simon Property Group Inc. The national retail developer acquired the property in November 2025 from Lincoln and The Village Collection for $144.8 million.
MAA owns and operates more than 300 properties in 16 states and Washington, D.C. The firm entered the Charlotte market in 2010. Its local portfolio now includes more than 20 properties across the region.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout