New owners of VanLandingham Estate disclose plans for Plaza Midwood property

CHARLOTTE, N.C. — The joint venture that purchased the historic VanLandingham Estate earlier this year say they plan to retain the estate and also build new development on parts of the Plaza Midwood property.

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Charlotte real estate investment firms Stono River Partners and Ascent Real Estate Capital acquired the VanLandingham, a 7,088-square-foot home built in 1913, for $1.5 million in March. In April, the group filed to rezone the property — at 2010 The Plaza — to add two new buildings on the portion it acquired: a two-story, 18,000-square-foot building and a two-story, 5,000-square-foot building, called the Topiary Building and the Belvedere Building, respectively.

As for the actual home, which is a historic landmark, the group intends to embark on extensive renovations and restoration. It may be retained as an events venue or could be converted into office space.

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Cox Media Group