Crescent Communities and Lincoln Harris are teaming up to build one of Charlotte’s largest developments in decades.
The new ‘River District’ will be built on a massive undeveloped stretch of land between the Charlotte Douglas Airport and the Catawba River.
The plans currently include thousands of new homes, several office towers, retail corridors, hotels, waterfront parks, and plenty of new dining and entertainment options.
It will be split up into 3 distinct ‘districts’; the gateway district, transitional district and the town center district.
The gateway district will include several office buildings, totaling 500,000 square feet, at least 50,000 square feet of retail space, and several new hotels. 250 hotel rooms. The transitional district will have 300 multifamily units, 1 million square feet of office space, and 25,000 square feet of retail. The heart of the new community will be the town center district, which will extend up to the Catawba River – it will feature 1,250 multifamily units, 300 single-family units, 2 million square feet of office space, 300,000 square feet of retail and 500 new hotel rooms.
The development will be somewhere between Ballantyne (2,000 acres – heavy office with a golf resort) and Rock Hill’s new Riverwalk community (1,008 acres – mostly residential with water-front shops and parks).
With over 500,000 square feet of retail and over 8 million square feet of office space proposed, the development would actually be larger in density than the original Ballantyne development.
Crescent Communities and Lincoln Harris have just submitted re-zoning proposals with the City of Charlotte, which could take about 6 months for approval.
What do you think about Charlotte’s new development?