Crescent Communities Announces Five-Acre TOD in Uptown Charlotte
- Feb 16, 2015
By Eliza Theiss, Associate Editor
Uptown Charlotte is finally getting a full-sized grocery store.
Crescent Communities has announced plans to develop a transit-oriented, mixed-use project in Uptown Charlotte that will include a 47,000-square-foot Whole Foods grocery store. The yet-to-be-named project will also include a 450-unit luxury apartment community, a parking deck and up to two hotels.
Set to be developed on 5.4 acres at the intersection of Stonewall and Caldwell streets, the project will be located at the Lynx Right Rail’s Stonewall Station, offering residents, shoppers and hotel guests direct access to Charlotte’s growing public transit system. Stonewall Station provides easy access to Uptown destinations such as the Charlotte Convention Center, the NFL Carolina Panthers’ Bank of America Stadium, Levine Center for the Arts and Uptown’s millions of square feet of Class A office space and Fortune 500 companies. The new project will also complement Crescent Communities’ Tryon Place, a mixed-use development planned for the corner of Stonewall and Tryon streets. Tryon Place will comprise a full-service hotel, Class A office space, retail and restaurants.
The new Stonewall Station development will include a raised, transit-level public plaza, as well as a residents-only outdoor amenities area atop the parking deck, featuring a resort-style pool, outdoor living space and sweeping views of Tryon Street’s skyline. The project’s residential component will comprise of a mid-rise and high-rise structure. Apartments will provide generous, high-end living space.
The development team also includes Land Design as civil engineer. Lord Aeck Sargent and Preston Partnership LLC have provided site planning and design services. Moseley Real Estate Advisors represented Whole Foods Market.
The Stonewall Street community will break ground before the year is out and open in 2017. The Uptown Whole Foods location is part of the retail chain’s recently announced eight-store U.S. expansion
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Image courtesy of Crescent Communities