‘Extreme makeover’ Another New Building Goes Up In Charlotte

‘Extreme makeover’ of fast-growing Charlotte area continues with another new building

http://www.charlotteobserver.com/news/business/article205976599.htmlWinter may have staged a comeback Wednesday, but it’s golden shovel season again in Charlotte, as developers broke ground on the newest office building in the fast-growing midtown area. The Charlotte Regional Realtor Association’s new headquarters is expected to be complete in just over a year, behind its current building on Kenilworth Avenue.

The 58,000 square-foot, glass-sheathed building will replace the tan brick, mostly windowless building occupied by the CRRA and the Mingle School of Real Estate, The new building will house the Carolina Multiple Listing Services, the Mingle School and the Housing Opportunity Foundation, which is the association’s charitable group. They’ll move in once the new building is finished in March 2019, and the current building will be torn down.

It’s the first phase of a large new mixed-use development planned by Pappas Properties. Pappas has spent $14 million assembling land for the planned mixed-use development around the Realtor association building, and the association has agreed to sell its holdings to Pappas for $20.

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