CHARLOTTE, N.C. — Two Charlotte real estate firms are preparing to break ground on their second apartment project in the South End area after closing on the land Thursday afternoon.
Centro Cityworks and Ascent Real Estate Capital paid $4 million for a portion of the land at 222 West Blvd., in the Wilmore neighborhood, according to Mecklenburg County real estate records. They will develop 132 apartments and 7,300 square feet of ground-floor retail space in a project called Centro Square. It’s part of a larger mixed-use development, The Square at South End, led by Beacon Partners.
The project is the second for David Furman’s Centro Cityworks and Ascent Real Estate Capital, which developed Centro Railyard on Winnifred Street. The apartments and retail space wrap a parking deck for the residential units and Beacon’s office component, similar to what will be built at The Square.
Read more about the project here.
Cox Media Group
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