Kaplan Residential to develop Belmont Apartment Project

Why multifamily firm with local presence went farther from Charlotte for latest development.

Kaplan Res­i­den­tial, in a joint ven­ture with Char­lotte-based Cat­a­lyst Cap­i­tal Part­ners, last week won zon­ing approval from the city of Bel­mont to build 325 apart­ments on a 39-acre par­cel at 6900 Wilkin­son Blvd., about a mile from down­town Bel­mont. The project is the lat­est for Kaplan Res­i­den­tial, which keeps offices in Flori­da and Atlanta.

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David Furman calls on industry to continue building ‘a great city’ at Heavy Hitters awards event

Thurs­day night revealed a lot of win­ners — and a lot of ties — at the Char­lotte Busi­ness Jour­nal’s fifth annu­al event hon­or­ing com­mer­cial real estate projects com­plet­ed over the past year in the Char­lotte region.

Twen­ty-five region­al real estate devel­op­ments across eight cat­e­gories — rang­ing from cor­po­rate office build­ings to ameni­ty-rich mul­ti­fam­i­ly com­mu­ni­ties to non­prof­it and civic projects — sub­stan­tial­ly com­plet­ed between July 1, 2017 to June 30, 2018, were hon­ored at The West­in Char­lotte in uptown.

Among the win­ners was 2018 Pil­lar Award recip­i­ent David Fur­man, whose archi­tec­ture and devel­op­ment has helped trans­form the urban land­scape of cen­ter city Char­lotte for more than three decades.

Fur­man has been a pio­neer and leader in cre­ative, cool and funky real estate projects — pri­mar­i­ly in the res­i­den­tial space but more recent­ly in com­mer­cial and mixed-use deals in South End and uptown — as well as a civic leader. He serves on the board of Char­lotte Cen­ter City Part­ners as a dri­ving force behind Rail Trail projects and doing pro-bono design work for local non­prof­its like the Cri­sis Assis­tance Min­istry, the Urban Min­istry Cen­ter and the Men’s Shel­ter of Char­lotte.

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Massive 8-story mixed-use development coming to the corner of S. Tryon and West Boulevard

Com­mon Square, an 8-sto­ry mixed-use devel­op­ment from Bea­con Part­ners, is com­ing to the cor­ner of S. Try­on Street and West Boule­vard.

The site is bound­ed by West Boule­vard, Try­on, Hawkins and the future Wilmore Park. It’s is the cur­rent site of Sauceman’s but don’t pan­ic; the bar­be­cue restau­rant is relo­cat­ing to a big­ger space.

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Beacon Partners to redevelop key intersection near South End

The inter­sec­tion of South Try­on Street and West Boule­vard in Wilmore, and the cur­rent home of Sauceman’s, will soon be rede­vel­oped with a mixed-use project.

Char­lotte devel­op­er Bea­con Part­ners said ear­ly Wednes­day that it will devel­op an eight-sto­ry, 130,000-square-foot office build­ing with 10,000 square feet of retail on the first floor in addi­tion to mul­ti­fam­i­ly units, poten­tial­ly a bou­tique hotel and a large out­door plaza con­nect­ing West Boule­vard to the future Wilmore Cen­ten­ni­al Park.

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4-level luxury townhomes with elevators and rooftop terraces are renting for $3,800+ on South Boulevard

Cam­den Grand­view unveiled the first wave of its new lux­u­ry town­home devel­op­ment with a grand open­ing over the week­end.

The project adds 28 2- and 3-bed­room town­homes to the for­mer­ly vacant prop­er­ty adja­cent to the exist­ing Cam­den Grand­view apart­ment com­mu­ni­ty.

You’ve prob­a­bly seen it under con­struc­tion at the South Boule­vard bridge over I-277 just out­side Uptown.

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LMC’s apartment division to build first SC complex in Charleston


One of the nation’s largest home builders is plan­ning a huge new apart­ment devel­op­ment on Charleston’s upper penin­su­la, its first in South Car­oli­na.

Mia­mi-based Lennar’s LMC apart­ment divi­sion recent­ly bought 2.82 acres at 1304, 1312 and 1330 Meet­ing St. from the own­ers of Charleston’s Marine

and Rig­ging for near­ly $10.5 mil­lion, accord­ing to Charleston Coun­ty land records.

The devel­op­er plans to build 303 units in an eight-sto­ry struc­ture, said Jeff Har­ris, divi­sion pres­i­dent of Char­lotte-based LMC.

The build­ing will include two ground floors of retail and com­mer­cial space with pub­lic court­yards. High­er tiers of the struc­ture will offer pri­vate court­yards for res­i­dents, Har­ris said. The park­ing deck is three lev­els. The building’s design pro­vides some apart­ment units from the ground up while oth­ers are above park­ing and com­mer­cial space.

The project does not have a name yet.

We still have some brand­ing exer­cis­es to do,” Har­ris said.

The tract, just north of Santi’s Restau­rante Mex­i­cano, sits where Mor­ri­son Dri­ve meets Meet­ing Street Road. The hard­ware busi­ness, owned by broth­er and sis­ter Skip Saw­in and Jes­si­ca Sage, moved to Trux­tun Avenue on the for­mer Charleston naval base in North Charleston ear­li­er this year.

Saw­in sold a 1.64-acre tract for $6.1 mil­lion while his sis­ter sold two small­er adjoin­ing parcels totalling 1.18 acres for $4.394 mil­lion. Com­bined, that comes out to about $3.7 mil­lion an acre.

Con­struc­tion could begin as ear­ly as next sum­mer, Har­ris said.

LMC oper­ates in 51 com­mu­ni­ties in 17 states, accord­ing to its web­site.

The pro­posed devel­op­ment is one of many oth­ers march­ing up the penin­su­la, along King, Meet­ing, Huger and Brigade streets and oth­er areas north and south of the Ravenel Bridge ramps.

Name set for high-profile South End project as it moves toward completion



LMC’s mixed-use apart­ment com­mu­ni­ty will be known as Brad­ham at New Bern Sta­tion.

That moniker is a nod to the 5.2-acre site’s his­to­ry. It once housed the first Pep­si bot­tling fran­chise — and New Bern res­i­dent Caleb Brad­ham cre­at­ed Pep­si-Cola.

We kept com­ing back to the his­tor­i­cal sig­nif­i­cance,” says Jeff Har­ris, divi­sion pres­i­dent of the Car­oli­nas for LMC.

LMC, the mul­ti­fam­i­ly arm of nation­al home­builder Lennar (NYSE: LEN), is devel­op­ing that project.

It pur­chased two parcels for near­ly $18 mil­lion in 2016. Har­ris declined to share total cost for the project, instead say­ing that it was a sig­nif­i­cant invest­ment.

The 432-apart­ment com­plex will fea­ture a mix of stu­dio, one-bed­room and two-bed­room units.

 It is slat­ed to open in ear­ly 2019.

Things always come up, but we’re high­ly con­fi­dent we’ll have our first ten­ants in ear­ly Feb­ru­ary,” Har­ris says.

It also will have 25,500-square feet of street-lev­el retail space, which will open on a rolling basis.

In total, plans call for 15,000 square feet to be ded­i­cat­ed to restau­rants, and anoth­er 10,000 square feet to be focused on retail.

We look for a num­ber of things our res­i­dents will per­ceive as ben­e­fi­cial and make them want to live there,” he says.

To date, restau­ra­teur Rob Duck­worth has announced plans for a restau­rant there. A new con­cept from the own­er­ship of Inizio Piz­za Napo­le­tana is also planned.

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