Grubb adding to Elizabeth project
Mixed-use building to include 15,000 square feet of retail
J. Lee Howard
Senior staff writer
Grubb Properties Inc. hopes to start construction in about 45 days on a $9 million, 38,000-square-foot retail and office building -- its latest addition to the $240 million Elizabeth Avenue redevelopment project.
The two-story, 1523 Elizabeth Ave. building should take about a year to complete and will feature about 15,000 square feet of ground-level retail space.
The building also is being designed to incorporate a two-story restaurant with balcony seating.
Discussions with prospective tenants are ongoing, says Laura Smith, Grubb marketing manager. The company declines to identify would-be occupants.
The building will be adjacent to the 1535 Elizabeth Ave. building, home to Carpe Diem restaurant and a centerpiece of the Elizabeth redevelopment.
The overall project is an ambitious mixed-use development Grubb is coordinating with Central Piedmont Community College and Presbyterian Hospital.
The project, expected to take about 10 years to complete, eventually will include as much as 340,000 square feet of offices, 800 residential units and up to 250,000 square feet of retail.
The mix also is expected to include high-end grocers, boutiques, service-oriented shops, a 150-room hotel, as many as 25 restaurants and an eight-screen movie theater.
More here: http://charlotte.bizjournals.com/charlotte.../01/story3.html
I'm excited about this project, especially since it is getting started for real. This area is perfect for such a project too since it bolsters the SE side of Uptown... Though the Elizabeth Ave area has also been called "Midtown" for a long time, a project like this (once completed) will definitely make it more of a destination for people other than CPCC students or hospital patients. "Midtown" will certainly mean something to more people.