Apartments, offices to transform historic building in downtown Concord

CONCORD, N.C. — A local developer plans to open a $7 million apartment, office and commercial project in the former Cabarrus Savings Bank on historic Union Street in downtown Concord later this year.

Justin Mueller, principal at Sherwood Development Group in Concord, says the conversion project shows that the city is able to do something that Charlotte hasn’t been able to do during the last century: preserve and reuse its charming, old buildings.

“Concord has the right attitude towards it,” says Mueller, referencing the renovation of historic buildings. “I don’t want to see buildings like this torn down. This is part of architectural history.”

57 South and Residences at 57 South should be ready for tenants by the end of 2019, with retail space along Union Street coming online a little earlier — by the third quarter of this year. They’re located in the five-story building at 57 Union Street South, about 25 miles northeast of Charlotte.

Read more about plans for transforming the site — and see photos inside the space — here.

Cox Media Group