Retail center's redevelopment among projects gaining City Council approval

CHARLOTTE, N.C. — A range of rezoning petitions were given the stamp of approval by Charlotte City Council on Monday night.

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One of the more significant projects approved will allow an overhaul of a dated, suburban-style shopping center in University City into a dense, mixed-use development that will bring new office space to the submarket — something that hasn’t been done in a decade, developer EB Arrow says.

That project, Waters Edge at University Place, will include a five-story, 182,000-square-foot building with office and retail space and, potentially, a library and 308 apartments by Crescent Communities in the first phase, in addition to renovations to the project’s lakefront park and walking trails. The 20.6-acre site is on J.W. Clay Boulevard, near a Lynx Blue Line station.

Waters Edge will be developed on part of the two retail centers that EB Arrow acquired last year for about $18.2 million. The big-box stores at the site pegged for redevelopment would likely move to the other portion of the retail center, EB Arrow previously said.

Read more here about other projects approved on Monday.

Cox Media Group