Developer takes over long-stalled hotel project in uptown

CHARLOTTE — St. Louis-based Midas Hospitality has started construction of an Element Hotel on the edge of uptown, filling a gap in the mixed-use development that was once known as Stonewall Station.

Project Manager Chris Holtsman said construction resumed at the site last month. The hotel is scheduled to open at the end of 2023. It joins apartments, another hotel and retail space including a Whole Foods on the block that was originally developed by Crescent Communities before individual elements were sold.

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Midas purchased the second hotel pad from Cummings, Georgia-based Mayfair Street Partners last September for $13.8 million, according to county property records. Holtsman declined to provide the project cost.

“It was designed to be a different brand, and the previous owner had forged some of the foundation before construction stalled,” Holtsman said. “Midas got involved and will use the existing pad and build it out from there.”

Developer takes over long-stalled hotel project in uptown

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