Trammell Crow Kicks Off Charlotte Foundry Redevelopment Project
Trammell Crow Co. pulled its first permit for a Charlotte mixed-use project featuring apartments, a hotel, office and retail at the former Charlotte Pipe and Foundry site.
The Charlotte Business Journal reports that first up for the Iron District is a six-story, 278-unit apartment building with a parking structure and 24,333 square feet of retail space. Phase one is expected to include up to 500 residential units, 150,000 square feet of Class A office space and 100,000 square feet of retail space. That will include repurposing two existing buildings.
Development partners include architecture firm LandDesign and S9 Architecture. The project’s office portion will be marketed and leased by Trinity Partners’ Rhea Greene and John Hannon. The retail portion will be marketed and leased by CBRE’s Charlie Coyne and Kaitlyn Fitch as well as Foundry Commercial’s Keely Hines and Rhett Batanides.
The overall project could bring as much as 7.75 million square feet of residential, office, retail, restaurants and parking to the site. Buildout is expected to take up to 25 years.
Other News
Ontario Cuts Housing Forecast Despite New Development Incentives
Ontario Finance Minister Peter Bethlenfalvy told the legislature Thursday that the province’s response to economic uncertainty is to “build, and to build together.” But the Fall Economic Statement he delivered forecasts considerably less building than the government expected just six months ago. Ontario now projects 65,100 housing starts in 2027, down from 70,300 in its...
Learn more
Five Major Banks Finance 917-Unit Etobicoke Rental
Five major Canadian banks are financing a 917-unit rental development in Etobicoke, where construction is now underway on a site previously planned for condominiums. CBRE Capital arranged the conventional, uninsured construction financing for EllisDon Developments and Windsor Private Capital’s two-tower project at 80–90 Fieldway Rd., near Kipling station. The LiUNA Pension Fund is also an...
Learn more
Peakhill Launches $750M Rental Construction Lending Program
Peakhill Capital has launched a $750-million construction lending program for rental housing developments across Canada, with $450 million in loans already closed under the new platform this year. The Toronto-based lender announced Thursday that its Everest program, backed by an initial institutional commitment, will provide CMHC-insured construction loans ranging from $4 million to $200 million....
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