• Charlotte developer gains neighborhood support for project at prime site in Elizabeth

    By: Ashley Fahey, Charlotte Business Journal


    CHARLOTTE, N.C. - Despite the headwinds a previous petitioner faced for a prime intersection in the Elizabeth neighborhood, a local community group is in support of a new plan to build a boutique office building on that site.

    [ALSO READ: Busy Elizabeth intersection shuts down for trolley line construction]

    The parcel, at Seventh and Caswell streets, was rezoned in 2016 to allow a project by Faison with 100 apartments and 30,000 square feet of ground-floor commercial space. Though the site was cleared to make way for that development, an executive with Faison later said project costs came out too high. Last year, the firm exited the development business altogether, opening up an opportunity for the 1.7-acre site, which sits vacant today.

    Charlotte-based Crescent Communities filed a rezoning petition early this year to develop office and retail space, a project that’s since been modified slightly to allow a 103,000-square-foot building with up to 23,000 square feet of retail space.

    Read the full story and check out renderings of the project here.

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