Charlotte, N.C., Feb. 14, 2014– Acclaimed Charlotte-based commercial developers Crosland Southeast and Childress Klein Properties announced that they have signed a lease agreement with Whole Foods Market for Waverly, their proposed multi-use pedestrian friendly master planned development at Providence and Ardrey Kell Roads in South Charlotte. The newest Charlotte store for the natural and organic foods supermarket will occupy approximately 40,000 square feet of retail space and is slated to open in late 2016. This will be the third Whole Foods Market in the Charlotte area.
“When we started planning Waverly, we wanted Whole Foods Market as the retail anchor because they would bring something different to the surrounding neighborhoods,” said Peter B. Pappas, partner of Crosland Southeast. “Whole Foods is known for their fresh organic produce, in-store café and wine bar, gourmet prepared food and even cooking classes. We want to emphasize outdoor dining and healthy living, so we know our future residents and office workers would want to walk to a great store like that.”
Whole Foods Market’s presence in Charlotte includes SouthPark, and another store opening later this year in Huntersville. The retailer also has nine other stores across North Carolina. Each Whole Foods Market has an in-store Community Manager who works on becoming part of the neighborhood through outreach efforts.
“Charlotte is a great market and there is a lot of opportunity here,” said Marc Mastropaolo, Whole Foods Market South region executive coordinator of operations. “The Charlotte community has been very receptive to us, there is a lot of interest in good, healthy food options, and we are excited to be adding to our roster of stores in the area and to be bringing a new store to the market.”
The Crosland Southeast/Childress Klein team is taking Waverly through the rezoning process and will have a public hearing before the Charlotte City Council on March 17. The team’s vision, in conjunction with the Matthews family, of the multi-use development would be to bring long term value to the surrounding community by bringing best in class tenants to the development and create a vibrant gathering place.
Peter Pappas of Crosland Southeast and David Haggart of Childress Klein Properties negotiated on behalf of the development. Representing Whole Foods Market was Bill Moseley of Moseley Real Estate Advisors.
Waverly is a multi-use pedestrian friendly master planned development, which is a joint venture between Childress Klein, Crosland Southeast and the Matthews family. Located just south of 485 at the intersection of Providence Road and Ardrey Kell, this 90-acre project affords the residents of South Charlotte an inviting place to dine or shop. The 250,000 square feet of retail will be anchored by Whole Foods Market and have a focus on restaurants and outdoor dining. In addition, the project will provide two five- to six-story buildings offering Class A office space for corporations to locate in a neo-traditional environment and separate medical office buildings.
The development will also offer approximately 375 upscale apartments called Solis Waverly on 18 acres, built by Terwilliger Pappas Multifamily Partners. David Weekley Homes will build approximately 150 single-family and town homes over 18 acres for residents who wish to purchase a home in a walkable community. The project is anticipated to be built over the next couple years after rezoning approval. Neighbors will be able to stay up to date about the development at www.waverlyclt.com.
About Crosland Southeast
Crosland Southeast and its partners have a long history of developing and leasing award winning retail and mixed-use developments throughout seven southeastern states. The five Crosland Southeast partners previously served as officers of the 74-year old Crosland LLC, and have a combined 115 years experience in the shopping center industry.
Today, Crosland Southeast perpetuates excellence with its emphasis on retail acquisitions, advisory services, single-tenant development and the development of high-quality retail and mixed-use properties which epitomize placemaking at its finest. During their careers, the executive team has developed more than 24 million square feet of projects. For more information, visit www.croslandsoutheast.com.
About Childress Klein
Childress Klein Properties has been in business in the southeastern United States since 1988. Throughout Virginia, North and South Carolina, Georgia and Florida, the partners of Childress Klein Properties have been responsible for the development of over 40 million square feet of office, retail and industrial properties. The company is active in markets across the Southeast through offices in Charlotte and Atlanta.
As one of the largest private real estate developers in the Southeast, Childress Klein Properties has experience in a wide range of projects – from small flex buildings to
multi-million square foot distribution parks, from small, freestanding retail buildings to large, multi-phase lifestyle centers and from conveniently located suburban office buildings to 1 million+ square-foot, high-rise urban office towers. With a portfolio in excess of 23 million square feet and more than $1 billion in assets, Childress Klein Properties has the resources to undertake any size project. For more information, please visit www.childressklein.com.
About Whole Foods Market
Whole Foods Market features a fresh and enticing selection of natural foods in their purest state, free of artificial flavors, colors, sweeteners, and preservatives as well as hydrogenated fats. Whole Foods Market offers shoppers the highest quality, best-tasting and freshest foods in an inviting setting. Each store is unique and is designed to meet the needs of the neighborhoods they serve. Combine the great-tasting food with outstanding customer service and the result is a pleasantly atypical grocery shopping experience.