CHARLOTTE — 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.
[PAST COVERAGE: Major redevelopment in Plaza Midwood to break ground this fall]
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 Co.’s location at Central Square was among the most recent closures there, shuttering Nov. 14, following Elizabeth Billiards, 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.
(Watch the video below: Significant affordable-housing development breaks ground)
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