CHARLOTTE — A significant mixed-use development in the heart of Plaza Midwood is set to break ground this fall.
Developer Crosland Southeast and Nuveen Real Estate are teaming up on Commonwealth. The project will span 12 acres at Central and Pecan avenues, where Central Square stands now. The two companies purchased the site last year for $50 million, the Charlotte Business Journal previously reported.
It will include retail, restaurants, a boutique hotel, office space and a 383-unit apartment complex, with a handful of current Central Square tenants expected to remain on site.
The first phase of construction, anticipated to be complete in spring 2024, will bring Plaza Midwood’s first midrise office building. It will contain more than 150,000 square feet of Class A office space.
About 100,000 square feet of retail and restaurant space will surround the office building.
Read more and check out additional renderings here.
(WATCH BELOW: Your704: Top 5 Things to do in Plaza Midwood)
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