Tenants Begin Moving Into SECU The Rise on Clanton, Apartments by Roof Above

Khris became the first tenant of SECU The Rise on Clayton.

Charlotte’s first adaptive reuse, permanent supportive housing for 88 individuals
experiencing chronic homelessness

CHARLOTTE, N.C., (August 3, 2022) – Last week, Roof Above began moving in the first tenants of SECU The Rise on Clanton, Apartments by Roof Above. SECU The Rise on Clanton will provide permanent supportive housing for 88 individuals experiencing chronic homelessness and is anticipated to make a significant impact on chronic homelessness in our community. According to the latest Charlotte-Mecklenburg Housing and Homelessness Dashboard, there are 422 people in Mecklenburg County experiencing chronic homelessness. These are people with a disabling condition who have experienced homelessness for at least a year. Ten of the first tenants will be individuals who were displaced from the North End Encampment when it was cleared and were moved to a Mecklenburg County-funded motel-based shelter.


SECU The Rise on Clanton is Charlotte’s first adaptive reuse, permanent supportive housing solution. Adaptive reuse is the process of renovating buildings that have outlived their original purposes and modifying them for different functions. The pandemic revealed an innovative opportunity to purchase and convert an underutilized hotel into affordable housing, making adaptive reuse a tool to serve some of our community’s most vulnerable residents.


In December 2020, Roof Above announced the purchase of the hotel at the intersection of Clanton Road and Interstate 77. Through a partnership with the Salvation Army Center of Hope, the hotel served an immediate need as an emergency shelter for women and families. In May 2021, Roof Above began construction on the hotel, renovating the hotel rooms into apartments including the addition of kitchens, and building an addition to provide space for on-site support services. Beyond the affordable housing, tenants will have onsite access to case managers, a full-time nurse, a learning lab, and community space for support activities. Tenants will be primarily selected through the Charlotte-Mecklenburg Coordinated Entry process, which uses a common assessment to identify the most vulnerable people in need of permanent supportive housing. Tenants will move in through a phased approach, six to eight people each week, to ensure they are fully supported in their transition.


Many generous gifts made the project a reality, including $2 million from State Employees Credit Union (SECU), $2 million from the City of Charlotte, $1.5 million from Covenant Presbyterian Church, $1 million from the Lowe’s Foundation, $1 million from the Springsteen Foundation, and a significant gift from John McKibbon and the McKibbon Family Foundation. The total project cost was just over $13 million, inclusive of the purchase price, renovation of the existing building, and construction of a wing to provide onsite case management and health care support. We are grateful to our operating partners like Mecklenburg County for funding case management for tenants and Novant Health for supporting our full-time nurse and other healthcare needs of tenants.


“This opening comes with our deepest appreciation to everyone who accepted the challenge to dream big and meet the moment to make this new apartment community possible. We hold to the vision that everyone is worthy of the safety, stability, and dignity of a home. Together, and one life at a time, we end homelessness,”
said Liz Clasen-Kelly, Roof Above CEO.


With the opening of SECU The Rise on Clanton, Roof Above now provides nearly 700 units of supportive housing within Charlotte-Mecklenburg. Generally, tenants pay 30% of their income towards rent plus basic utilities. Learn more about the permanent supportive housing options and eligibility by visiting
https://www.roofabove.org/permanent-supportive-housing/.

The hotel conversion was led by JE Dunn Construction with architecture by Axiom Architecture, interior design by ODA, and project management by McKibbon Places

Roof Above is an interfaith nonprofit with the mission of uniting the community to end homelessness, one life at a time. The organization’s vision is that every person has the safety, stability, and dignity of a home. The organization operates a day services center, three year-round shelters, nearly 700 units of supportive housing, and a treatment program for substance use disorders. For information, please visit www.RoofAbove.org.


Media Contacts: Melinda Wilshire, mwilshire@roofabove.org 443.540.0593; Randall Hitt, rhitt@roofabove.org; 704.618.1329.
Liz Clasen-Kelly will be available for scheduled interviews.

Commonwealth in Plaza-Midwood

The developers of the Commonwealth project in Plaza-Midwood have commissioned what they’re calling a “sizzle video” that showcases what life will be like there — and it’s unlike any rendering we’ve ever seen.

Hot rendering 🔥 alert: Developers have a new ‘sizzle video’ of the Plaza-Midwood Commonwealth project

The developers of the Commonwealth project in Plaza-Midwood have commissioned what they’re calling a “sizzle video” that showcases what life will be like there — and it’s unlike any rendering we’ve ever seen.

With a backdrop of upbeat music, the 2-minute, 19-second video blends footage of real people in actual existing neighborhood businesses — a woman shopping for a bracelet at Moxie Mercantile, and a family eating pizza at Emmy Squared — with real-looking animated renderings of people living their best lives: sunbathers relaxing by a rooftop pool that contains an inflatable pink squirrel, couples sharing an embrace on a lawn, folks enjoying drinks on a terrace overlooking uptown.

To be clear, those scenes don’t actually exist — yet. The development’s 383 apartments, 150,000 s.f. of office, and 100,000 s.f. of retail are under construction at the intersection of Central and Pecan avenues, on what was mostly a surface parking lot.

The video “provides an emotional attachment,” said Bobby Speir, senior vice president of mixed-use for Crosland Southeast. “Especially for those not in the real estate development world, if you go through 3D like that, you can put yourself in the middle of the project. You can visualize what’s there.”

He declined to disclose the cost of the video, other than to say: “They’re not cheap, especially for 2 minutes of the film.” It was made by Boston-based Neoscape, a marketing agency that has an office in the Plaza-Midwood area.

More sizzle: Speir says he foresees the use of more “sizzle videos” in Charlotte, as technology improves and developers look for new ways to engage potential tenants: “Not many projects in Charlotte have gone to this level to date, but I see that changing.”

Barry Fabyan of JLL, which is handling the office leasing for the project, said the video should be helpful.

“We are getting more and more, where you blur the lines and have to ask yourself if some things are there yet or not,” he said.

We should be able to compare the video to reality toward the end of 2023 when the first parts of the project are estimated to be completed. —TM

Renderings: Hundreds of Germantown apartments eyed for Q4 groundbreaking

Courtesy of Proffitt Dixon

North Carolina development firm Proffitt Dixon Partners is targeting the end of this year to start construction on hundreds of waterfront apartments in Germantown.

Stuart Proffitt, one of the company’s founding partners, told Nashville Business Journal that he’s in the review process with the Metropolitan Development and Housing Agency. If everything goes according to plan and there are no hang-ups, he’s hoping to break ground in the fourth quarter on 339 units at 900 Second Ave. N.

That first phase would be followed by the eventual construction of a second building, at 1000 Second Ave. N., which would hold more apartments, as well as retail and office space. The Music City Greenway would intersect the two structures.

The total 6-acre project site, which is bounded by First Avenue North, Second Avenue North, Stockyard Street, and Jefferson Street, sits just a few hundred feet from the Cumberland River, around 1,000 feet from First Horizon ballpark and a few thousand feet from the East Bank’s River North development district.

Everything in the East Bank’s radius — including Germantown, Dickerson Pike, and downtown — is expected to benefit from Oracle Corp.’s recent plans to create an 8,500-job tech hub there.

Proffitt Dixon spent $32.53 million on the two development parcels in October 2021.

The firm’s project, dubbed “Stockyard” in filings, comes during a push from real estate executives and the mayor’s office to better orient development toward the Cumberland River. Developers like Ray Hensler, for example, are underway on massive waterfront structures, and Mayor John Cooper announced plans to upgrade First Avenue North, which he referred to as “a front porch” for the river.

EOA Architects, Manuel Zeitlin Architects, and Axiom Architecture are a few members of Proffitt Dixon’s project team, according to documents.

The land at 900 Second Ave. N. currently holds a building that once housed the headquarters for Tennessee’s Department of Child Services. The second is a parking lot.

Proffitt Dixon entered Nashville in 2014 when it pitched 220 units in Germantown, according to the previous reporting from the Business Journal. In September, the firm secured $37.3 million to build another apartment project in Wedgewood-Houston.

Drew Hutchinson

Reporter

Nashville Business Journal

The Best Multifamily Architects in Winston-Salem, North Carolina

Axiom Architecture

333 W. Trade St., Suite 200, Charlotte, NC 28202

Axiom Architecture specializes in multifamily and mixed-use development and design. Since its inception in 2007, the firm has delivered exceptional projects by combining inventive design with development expertise. Its team of expert designers and architects is dedicated to bringing new concepts and fresh perspectives to the multifamily and mixed-use design fields. The firm is dedicated to designing unique, economically successful, socially sensitive, and environmentally sustainable places. Its impressive portfolio contains more than 20,000 housing units. Many of Axiom Architecture’s designs have won awards from Multi-Housing News and Multifamily Executive magazines, The Charlotte Business Journal, USGBC Charlotte Chapter, Charlotte Center City Partners, and the American Institute of Architects.

The West End Station, a 229-unit apartment project in Winston-Salem, North Carolina, is one of the firm’s notable projects. The main front, along Green Street, is a three-floor structure that steps down an entire level toward the site’s back and Brookstown Avenue. A podium garage carves beneath the structure, accessed from the lower side of the site, with four complete floors of flats lying above and addressing the Brookstown border. One of two elevated passive courtyards atop the parking garage is flanked by a big pool courtyard and amenity plaza tucked behind the split portion of the Green Street arm of the building.

Click here to view the whole article

Developers bringing apartments, retail to lower South End site along light-rail line

By Jennifer Thomas  –  Senior Staff Writer, Charlotte Business Journal

This lower South End project will bring a mix of apartments and retail offerings to the neighborhood.

South & Hollis — a 322,000-square-foot development by Washington, D.C.-based Akridge, and Virginia-based Kettler — is under construction at 3441 South Blvd., in close proximity to the Scaleybark light-rail station.

The 310-unit, six-story building will have 9,500 square feet of ground-level retail. That project combines seven parcels for a total of 2.6 acres.

Akridge and Kettler paid $9.3 million for that land.

“When we look at the transformation of LoSo over time, there are certain sites that are holding the entire submarket back. This is one,” says Dan Outen, Akridge’s vice president for the Carolinas. “Not only can we transform this site into something better than it was before, but I think it will have an outsized impact in transforming LoSo as a whole.”

Plans call for a roughly 3,100-square-foot corner restaurant, complete with patio space. Local, regional, and national options will be considered.

“I think we would be open to a lot of different concepts. The use will be one that complements our residential experience,” Outen says.

Two additional retail tenants could split the remaining space — though those spaces could also be divided. Outen says a coffee shop, fitness concept, or other uses that would support the community will be considered.

“The way we look at this building — it’s also contributing to the larger community growth of LoSo,” Outen says.

Jay Royster of Royster Commercial Real Estate represented Akridge and Kettler in the property transaction.

Axiom Architecture is designing the project, LandDesign is providing civil engineering and landscape design, and Samet is providing construction services.

South & Hollis will deliver in the fall of 2023.

Davis Hahn of Ascent Real Estate Partners is leasing the retail space. Ascent is a boutique, full-service commercial real estate brokerage firm focused on retail leasing in Charlotte’s infill submarkets.

South & Hollis marks Akridge’s fourth project in North Carolina — and it’s second in the Queen City. Outen is leading its work in the Carolinas.

Kettler also continues to expand its footprint in North Carolina, with plans for long-term growth.

The firms are working on Hawkins Press, a 426-unit multifamily project that sits on 3 acres on Dunavant Street in South End. It is slated to deliver in late summer 2023.

“We have been pleased with the evolution of South End and the market,” Outen says.

CAREER OPPORTUNITY — ARCHITECTURAL DESIGNER POSITION AVAILABLE

Axiom Architecture is a creative, award-winning firm specializing in multi-family residential, mixed-use, office, and light commercial design. Currently, Axiom is seeking candidates to fill a new position on our architectural staff.

The position considered is for full-time employment with long-term growth opportunities. Full benefits are included with salary consideration commensurate with position level.

We will consider the following while evaluating prospective candidates:

1–3 years experience in an architectural office

Should possess good people and communication skills

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Experience in Revit required

Minimum of 4‑year architectural undergrad degree preferred

For more information, please visit our website www.axiomarchitecture.com or contact Matt Majors: mmajors@axiomarchitecture.com

Kaplan Residential, Origin Investments to develop $76M Multifamily project in Belmont – Charlotte Business Journal

Courtesy Kaplan Residential and Origin Investments

From the Charlotte Business Journal: Full Article Here

Two real estate firms have partnered to develop a major multifamily project just west of Charlotte.

Multifamily developer Kaplan Residential announced yesterday it had partnered with Origin Investments to develop a $76 million project in Belmont. The project calls for 322 units, including apartments and townhouses, and would be completed in late 2023 or early 2024. The project is the first between the two companies.

The development will include 32 townhomes, along with a mix of one-, two-, three-bedroom apartments. A name for the project was not announced.

“We are excited for this investment, as it represents a tremendous opportunity to leverage Belmont’s continued growth as an increasingly desirable submarket with limited supply,” said, David Wlek, managing director of acquisitions at Origin Investments. “The submarket’s 99% occupancy rate, limited pipeline, and a protracted approval process pave the way for continued strength in the market and strong performance for our investors.”

The project will be on a 39-acre site at 6900 Wilkinson Boulevard.

That is the same site where Kaplan Residential previously intended to develop a project called The Morris at Belmont while partnering with Charlotte-based Catalyst Capital Partners. In 2019, the developer won rezoning approval for the project, the Charlotte Business Journal reported at the time, which called for 325 apartments. Catalyst was not mentioned in yesterday’s announcement for the project.

The project is the latest for Kaplan, which focuses on multifamily and build-to-rent developments in the Southeast. The developer has offices in Atlanta and Miami. Origin Investments is headquartered in Chicago but has regional offices in Nashville, Tennessee, and Dallas, according to its website.

“We are pleased to partner with the Origin Investments team as fee developers to bring this project and additional timely, build-to-rent concepts of life,” said Morris Kaplan, founder, and president of Kaplan Residential. “Together, we will produce developments that fit the rapidly-evolving renter demographics and deliver needed luxury amenities and expansive floorplans in markets we serve.”

Developers break ground on major mixed-use redevelopment in Plaza Midwood

By Liz O’Connell – Staff Writer, Charlotte Business Journal

http://Click Here for Full Article

A groundbreaking ceremony was held today for a redevelopment project that will bring retail, restaurants, office space, apartments, and a boutique hotel to the site of Central Square in Plaza Midwood.

City officials, developers, and other partners gathered today for the groundbreaking ceremony of the Commonwealth project in Plaza Midwood.

The mixed-use development from Crosland Southeast and Nuveen Real Estate will bring retail, restaurants, office space, apartments, and a boutique hotel to the current site of Central Square. It spans 12 acres at Central and Pecan avenues. Project leaders released renderings for Commonwealth in September.

A handful of current Central Square tenants are expected to remain onsite. the ABC store at Central Square temporarily closed on Oct. 30 to accommodate the redevelopment project, but it is expected to reopen in early 2022. The Roasting’s Co.’s location at Central Square was among the most recent closures there, shuttering Nov. 14, following Elizabeth Billards, Sammy’s Deli, and Yama Izakaya.

The joint venture purchased the site in November of 2020 for $50 million, the Charlotte Business Journal previously reported.

Once complete, the 383-unit apartment complex is expected to bring nearly 500 residents to the area and about 3,000 employees to the 150,000 square-foot office space that will be part of the Commonwealth, Bobby Speir, senior vice president of acquisitions at Crosland Southeast, said today.

Charlotteans took to social media with a range of opinions when the news of the redevelopment first broke. Some claimed the development would take away from the Plaza Midwood’s identity or history would be lost.

But Councilman Larken Egleston, whose district covers Plaza Midwood, said he has been adamant about keeping the neighborhood’s history alive with this development since its inception.

“I think there is a lot of benefit to (Commonwealth) and change is always met with a mixed bag of reactions,” Egleston said. “But there is a lot of good coming out of this.”

The site includes two vintage buildings that were once home to a Cole Manufacturing facility. Egleston believes those buildings are among the oldest in the neighborhood.

When the project was first being discussed, many developers said preserving those buildings would be hard work, Egleston noted during the event. But Egleston, who backs the idea of preserving historic buildings, said some things worth doing are bound to be hard, ultimately leading to Crosland Southeast landing the project.

Speir spoke during the ceremony about the site’s history and how the vintage buildings will set the project apart. Aside from the buildings, the site is where the late Rev. Billy Graham professed his faith in Christ at a tent revival at what is now the Central Square parking lot, Speir remarked.

Commonwealth will give a nod to the past while also looking to the future, Speir said. The new buildings will include balconies overlooking the historic structures, for instance. A curved road will also be built on the site in such a way to highlight the 100-plus-year-old buildings.

The mixed-use development will include micro-retail opportunities, murals from local artists, and green wall installations. A main street connecting to Central and Pecan avenues will be added, making the development a walkable live-work-play area.

The first phase of construction is expected to be complete in the spring of 2024. a second phase is slated to kick off in 2023.

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$72 Million Apartment Building Coming To West Charlotte

New North Carolina Law Makes It A Felony To Fly Drones Over Jails -  Charlotte Stories

A $72 million apartment building is coming to the FreeMoreWest area of Charlotte, through a joint venture with New York City-based GTIS Partners and Atlanta-based Wood Partners.

The five-story, 308-unit building will feature more than 260,000 square feet of residential area and 429 parking spaces.

The new development will be located at 2016 W Morehead St., across the street from Legion Brewing’s planned West Morehead location and half a mile from the popular Pinky’s Westside Grill. The project is scheduled to be complete by mid-2023.

The property was purchased by Alta West Morehead in August for more than $3 million, according to Mecklenburg County property records. Wood Partners also developed the nearby Wesley Village apartments.

The FreeMoreWest neighborhood in Charlotte, centered at West Morehead Street and Freedom Drive, is in one of Charlotte’s Opportunity Zones. The program offers tax benefits to investors in designated Opportunity Zones, including 17 in the Charlotte area.

Opportunity Zones, a President Donald Trump-era program, had been hailed as a way to bring investments into previously neglected areas across the country. But community activists in Charlotte and around the U.S. have said the government program may increase gentrification in those areas, pushing low-income residents out.

And Mecklenburg County already faces a shortage of affordable housing, the Observer reported earlier this month.

GTIS spokesman Josh Pristaw did not say whether any units would be set aside for affordable housing.

“The project will not be leasing for several years, but we anticipate targeting the housing needs of the existing community,” Pristaw said in a statement. “Rent levels will be determined based on the market at the time of delivery.”

GTIS Partners has invested in 14 deals located in Opportunity Zones, according to a statement from the joint venture.

The location in a rapidly growing area of Charlotte, near uptown and the Carolina Panthers’ Bank of America Stadium, was a driving factor for the project.

Amid a surge in commercial development, with more than 430,000 square feet of new retail and office spaces in the neighborhood, residential home prices in that area have been pushed up by 22% annually from 2015 to 2019, according to a statement from GTIS Partners and Wood Partners.

The building will feature a range of amenities, including a fitness center, club room, resort-style pool, courtyard, dog spa, and a virtual concierge.

Click the link below to see the original article:

https://www.charlotteobserver.com/news/business/development/article254590277.html?utm_source=newsletter&utm_medium=email&utm_campaign=newsletter_axioslocal_charlotte&stream=top