Roger Cobb and Grey Poole represented the Charlotte Regional Realtor Association in the first stage of the sale of their property located adjacent to Pearle Street Park on Kenilworth Avenue and Greenwood Cliff Road. Pappas Properties purchased 3.54 acres for $14,000,000 with plans for a mixed-use development at the overall 5.2 acre site. The first phase of the project will include an extension of Pearl Park Way and Berkeley Avenue to the construction of a new headquarters for the CRRA and the Mingle School of Real Estate. The final goal is a “high-density, mixed-use development in Midtown”, the Realtor association’s officials said in a statement. Initial plans from Pappas Properties included almost 200 apartments, 168,000 square feet of new office space, a hotel with up to 150 rooms, shops, restaurants and changes to adjacent Pearl Street Park. Selwyn Property Group will continue to provide consulting services to the CRRA during the planning and predevelopment process.
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