Green Light for Sharon Square Phase 2

Pappas Properties and Allen Tate Co broke ground on the second phase of the multi-use Sharon Square, at the corner of Sharon and Fairview Roads, adjacent to Phillips Place in the SouthPark market. The property will include 239 apartments and 22k SF of retail on its first floor. According to Pappas Properties' Peter Pappas, negotiations are under way with ?several retail prospects that are new to the market.? Look for retail and restaurants to open fall 2013. 

Here's the Charlotte Whole Foods when it first opened for business in late August. The momentum driven by Charlotte's first Whole Foods has created significant demand in all aspects of Sharon Square, Pappas tells us. The customers  that it brings, coupled with the strong demographics of the SouthPark market and the limited amount of space, drive demand for more restaurant and shop space.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Charlotte Newsletters
Related Stories

Community Pushback, Water Concerns Keep Charlotte Stalled On Data Center Rules

How Will Opportunity Zones 2.0 Impact Seattle? One Expert Weighs In

After Departing Trump Admin, HUD's Former Philly Head Joins Local Planning Commission

Investors Anchor Big Capital Into Marinas, Betting On Shallow Supply

Developers Eyeing Dallas' 50-Mile Trails Loop For Uptown-Like Opportunities

Large Commercial Real Estate Sales Up 30% Despite Economic Headwinds

Controversial $18M Charlotte-Area Hotel Project Gets Rezoning Approval

Chetrit Group 'Being Dissolved' As Family Turmoil Spirals

Avison Young Plans Second Major Recapitalization Since 2024

Judge Approves $70M Sale Of Philly's Largest Office Complex

Kidder Mathews Establishes First Texas Office In DFW, Adds 6 New Brokers

EXCLUSIVE: Building On Former Denver Johnson & Wales Campus To Sell For $11M