CHARLOTTE — Flywheel Group has plans to deliver more than 1 million square feet of development in the NoDa community over the next several years. Tony Kuhn, company president, shared with Charlotte Business Journal how the local developer intends to do it.
Flywheel, founded by Kuhn in 2013, has been scooping up land along North Tryon Street for the last three years as it prepares to break ground on what he hopes will become the “center of gravity” in NoDa.
Flywheel now owns about 17 acres along North Tryon, all rezoned as TOD-NC. The plan, Kuhn said, is to create a multi-phased mixed-use development there called Queens Park Commons. The project will run along North Tryon, from Matheson Avenue to just north of the Allison-Erwin Building. That building was the developer’s most recent acquisition. Flywheel paid $10 million to purchase the property in March.
Kuhn said they’ve spent the last three years assembling land, working on plans and putting together a team. He expects to break ground on the first phase in late 2023. It will include 600 multifamily units, up to 300,000 square feet of office space and 100,000 square feet of ground-floor retail.
(WATCH BELOW: Councilman tours apartments where residents live in poor conditions)
©2022 Cox Media Group
