What’s next for this commercial microdistrict in South End? – WSOC TV

CHARLOTTE – Three companies that have teamed up to turn a block in the South End area into a creative, multi-purpose commercial microdistrict called The Quarter have taken another step in that endeavor.

The most recent addition to The Quarter came Tuesday when FCP, Abacus Capital, and Big Cypress Capital were 6.7 acres at 704 W. Tremont Ave. and 2207-2315 Toomey Ave. for $ 10.6 million. A four-story apartment building with 306 units and 5,900 square meters of retail space on the ground floor is being built on the property.

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Plans for The Quarter took shape last November when the trio of commercial real estate firms built two existing mid-century warehouse buildings on Toomey Ave. 2213 and 2218 in the Wilmore neighborhood closed to convert them into adaptable commercial space. In May the joint venture group acquired a third single story former warehouse at 2320 Toomey Ave. for the same use.

While the commercial part of The Quarter already broke ground, multi-family development is scheduled to begin in late 2021 and is expected to be completed in early to mid-2023.

Read the whole story here.

(SEE BELOW: USAA Opens 6-Story Office in New South End Building with Approximately 750 Employees)

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