What’s next for big undeveloped NoDa site
Plus: County weighing land-banking policy; New-to-Charlotte restaurant heading to Legacy Union?; Behind the Pacific Life deal
Today’s Real Estate Whispers is sponsored by The McIntosh Law Firm. At The McIntosh Law Firm, we offer experienced legal guidance in real estate development, property revaluation appeals, government relations, land use, estate planning, and business law—helping clients navigate complex legal and regulatory challenges.
I’m back to helming this newsletter after doing some crane watching in Hyderabad, India. I appreciate you all bearing with Tony in my absence. Let’s get into the latest edition of Charlotte Commercial Real Estate Whispers, the best way to get the hot goss on transactions, rezonings and projects happening across the Queen City. Got a tip on a deal, a development or a debacle? Drop me a note at ashley@cltledger.com.
In today’s edition:
A new “retail node” for NoDa?
A county land-banking policy is being considered
What we know about a potential F&B tenant at Legacy Union
How the Pacific Life deal came together
And a wrap-up of land deals and real estate news from other sources
Let’s get to it!
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Where The Pass co-developer is setting his sights next
Although still in some respects a construction zone, The Pass mixed-use project at the Lynx Blue Line Sugar Creek Station — north of “core” NoDa — has been making a long-awaited debut, in phases, this year.
The reopening of Soul Gastrolounge this summer after its Plaza Midwood exit was one big milestone. Hundreds of apartments finished construction last month. A vinyl listening room and a luxury dog-grooming salon — very NoDa-coded businesses, if you ask me — are the latest businesses to sign on.
Although technically in NoDa, The Pass feels a bit removed from the core 36th Street portion of NoDa, and is one light rail stop away from that area, too. But what’s becoming a new neighborhood in some respects didn’t happen overnight.
Charlotte-based Flywheel Group is a minority partner in the commercial development and project, with Atlanta-based Third & Urban serving as majority partner. But Flywheel, helmed by Tony Kuhn, has for years been purchasing and rezoning land in the greater NoDa area to set up the mixed-use vision that’s starting to come together.
