FOR THE 24/7 SHOPPER

This gives new meaning to "she lives at the mall." Wood Partners has proposed construction of a 275-unit complex at Perimeter Parkway and I-77, near NorthLake Mall, aiming to rezone 11 acres to multifamily. The area is most certainly heating up for multifamily development, considering its proximity to interstates, employment centers, and, of course, the mall. Real Data?s Charles Dalton tells us five other projects representing 1,300 units are proposed for that submarket. ?Everybody is gravitating to multifamily right now,? Charles says, adding that apartment development benefits from poorsingle-family sales. A public hearing on Wood Partners' request is scheduled for July 18.

Continue reading this story with a free account

Log in or register
Related Topics: Charles Dalton , Northlake Mall
Sign up for more articles like this
Subscribe to Bisnow's Charlotte Newsletters
Related Stories

Downtown Atlanta Improvement Group Picks Food Bank Chief As Next Leader

Trump's DEI Crackdown Is Creating New Risks For Landlords That Lease To The Government

Brandon Johnson Seeks Second Term Amid Strained CRE Relationship

Luxury Marriott Hotel Will Take Space In Charlotte Office Conversion

Former CBRE Exec Suing Brokerage Giant Over Age Discrimination, Whistleblower Complaint

D.C. Investor Behind The Stacks Swaps CEO For First Time In 25 Years

CBRE IM Buys Net Lease REIT For $1.6B, Plans More Investment

The Difference Between Service And Hospitality That Makes A Flexible Workspace A Success

Beyond The Boom: How Miami's CRE Market Continues To Be Resilient

Sixers And Flyers Unveil Renderings Of South Philly Arena Due In 2030

The Opportunities, Limitations And Benefits Of Reserved Investor Funds

After 5 Years Of Gains, Commercial Real Estate's C-Suites Just Got Less Diverse