Choate Construction says it has been selected to partner with Crosland Southeast and Nuveen Real Estate on a $152 million project to transform 12 acres in the heart of Charlotte’s Plaza Midwood neighborhood.
“Choate Construction is honored to be partner with Crosland Southeast and Nuveen,” Choate’s Charlotte division manager John Dudas, said in an Oct. 6 statement. “We are sincerely grateful to work with developers that take great care in the pre-planning and design stages to create communities that flourish for years to come.”
The development will occupy 400,000 sq. ft. at the Central Square property near the intersection of Central and Pecan. Most of the businesses at the shopping center have closed, but a few remain.
The developers say they want to create a pedestrian-friendly area with green spaces. Two of the historic brick mill buildings will remain and be incorporated into the new development.
“Crosland has worked extensively with the Plaza Midwood community to design a development that honors the traditions of the past, with an inspired vision for the future,” said Bobby Speir, senior vice-president, mixed use investment at Crosland Southeast.
“Our team has spent the last year diving deep into preconstruction efforts to navigate through pandemic price spikes, structural examination, various construction types, construction phasing and logistics, and early buyout of the project. We are ready and excited to kick off this project,” said Charlie Blanton, senior preconstruction manager at Choate.