News 2018-04-05T04:03:10+00:00

News

Selwyn Property Group Represents CRRA in Midtown Property Sale

Midtown Rendering

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.

For more information, please reference the link below.

https://www.bizjournals.com/charlotte/news/2017/09/12/sale-of-midtown-property-slated-for-redevelopment.html?ana=e_ae_set1&s=scroll&ed=2017-09-12&u=AkjEmifvUOfhhOpJ20kbXg0d146873&t=1505249224&j=78813211

September 13th, 2017|

Second Hotel Site at Crescent Stonewall Station Acquired

Stonewall Station

The second of two planned hotel sites at Crescent Communities’ mixed-use development project in uptown Charlotte has been acquired. Mayfair Street Partners purchased a 0.4-acre site on the block where Crescent’s apartments, 47,000-square-foot Whole Foods Market and parking deck have already topped out. Mayfair Street Partners acquired the site for $4,500,000 on August 30th.

Kurt Schoenhoff, with Selwyn Property Group, represented both Mayfair Street Partners and Crescent Communities in the land transaction. MSP plans to develop a 10-story, 181-room hotel on the site in a joint venture with Sefira Capital, a real estate private equity group based in North Miami Beach, Florida.

For more information, please reference the link below.

https://www.bizjournals.com/charlotte/news/2017/08/31/second-hotel-site-at-crescent-stonewall-station.html?ana=e_clt_bn&u=AkjEmifvUOfhhOpJ20kbXg0d146873&t=1504891393&j=78767531

 

September 8th, 2017|

Selwyn Property Group Represents Seller of 326 W. 10th Street

Coleman Lew Exterior Photo 1

Roger Cobb and Liz Wohlrab, with Selwyn Property Group, represented Coleman Lew and Associates in the sale of 326 W. 10th Street. Lindley Law, represented by Rusty Gibbs with The Nichols Company, paid $975,000 for the Fourth Ward property. The 4,296 square foot, two story house was moved from Church Street in the mid 1980’s and converted to an office building.

August 15th, 2017|

Selwyn Property Group Represents Seller of 1712 Euclid Ave.

1712 Euclid Ave. Main Photo

Roger Cobb and Liz Wohlrab represented Carolina Copy Services Property, LLC in the sale of 1712 Euclid Ave. Spaniel Commercial Properties, LLC, represented by Marissa Boyle with Keller Williams, purchased the property. This three-story, 4,271 square foot office building sold for $910,000.

April 26th, 2017|

200 Clanton Road Self Storage Update

200 Clanton 3.9.2017

Selwyn Property Group’s self-storage redevelopment project is complete and opened according to schedule and budget in early February. This project, located at 200 Clanton Road, contains 490 newly manufactured self-storage units. CubeSmart, a national company and leading storage operator, is now managing, operating and leasing the facility. Selwyn Property Group is optimistic about the project’s lease up potential and believes that it is well positioned to capture the increased demand for storage in its submarket. The 83,648 square foot building was purchased in April of 2016. The entire building was redeveloped with the exception of 18,000 square feet of office space. Selwyn Property Group worked on this project in a join venture with Providence Group Capital and Outbox Self Storage.

March 9th, 2017|

Selwyn Property Group Brokers Sale of 407 East Blvd.

FullSizeRender (8)

Roger Cobb and Liz Wohlrab recently brokered the sale of 407 East Blvd. The two-story, 2,532 square foot office building sold for $695,000. The buyer plans to occupy the first floor, and Remington & Dixon Law Firm will continue to occupy the second floor.

February 10th, 2017|