FCP®, with joint venture partners Abacus Capital and Big Cypress Capital, has closed on a 6.7-acre land assemblage that includes 704 West Tremont and 2207-2315 Toomey Avenue for $10.6 million, expanding the venture’s assemblage for the 15-acre mixed-use creative district branded The Quarter South End in Charlotte, N.C.
The latest acquisition will be the site for a ground-up multifamily development that will include 306 apartments and 5,900 square feet of ground-floor retail space in four-story, surface-parked buildings. Construction on the multifamily phase of The Quarter is scheduled to begin later this year and deliver in phases in early/mid-2023.
Concurrent with the multifamily land closing, the venture is pleased to announce the commencement of construction at 2218 Toomey Avenue. Scheduled to deliver by year-end, 2218 Toomey is a 25,000-square-foot adaptive reuse office redevelopment of an existing mid-century warehouse building. The final commercial phase of Th
