Hines Eyes Charlotte for Major Redevelopment Project
Hines has its sights set on a 3.87-acre property in SouthPark to redevelop into something much larger. The site, currently a single-story retail building, could eventually be developed into a mixed-use complex featuring residential and office spaces, as well as above-ground-floor retail and restaurants. Hines will need a rezoning to make that happen.
The Charlotte Business Journal reports the rezoning would take the two-parcel site at 6601 and 6555 Carnegie boulevards (photo), just across the street from SouthPark mall, from mixed-use development and neighborhood business to regional activity center.
The site is currently owned by Camdee Properties I.
Hines has $91.8 billion in assets under management spanning 30 countries. It has six properties in North Carolina in its portfolio. That includes Blu South, a 551-unit townhome development in Pineville acquired in April 2024 for $156.5 million. The property was Hines’ first build-to-rent acquisition in the U.S.
Other News
Terra, Fortune Ink $220M Key Biscayne Condo Financing
Terra and Fortune International Group secured a $220 million predevelopment loan from Blackstone Real Estate Debt Strategies for their planned ultra-luxury condominium development on the former Silver Sands Beach Resort property at 301 Ocean Drive in Miami’s Key Biscayne. Walker & Dunlop Capital Markets Institutional Advisory, led by Keith Kurland, Aaron Appel, Jonathan Schwartz, Adam Schwartz, Dustin Stolly, Sean...
Learn more
Queens’ Tallest Tower Reaches 90% Leased, Adds First Retail Tenants
BLDG Management Co., Inc announced that The Orchard, Queens’ tallest tower, has surpassed 90% leased across its 824 units nine months after launching residential leasing. The milestone occurs as the 70-story Long Island City development recently signed its first three retail tenants: K-beauty brand Tokimo, Japanese tea and beverage brand Mollytea and financial technology platform...
Learn more
80-Unit Seniors Housing Development Opens in Suburban Chicago
Leyden Senior Apartments, a new four-story independent senior living development in Franklin Park, recently opened. Located at 2506 N. Mannheim Road, Leyden Senior Apartments offers one- and two-bedroom residences. The adjacent newly constructed Carl Fiorito Senior Center will be available to the entire community. Owned by Leyden Apartments LP, Leyden Senior Apartments was designed by...
Learn more
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout