Nov 16, 2021 | By Collin Huguley — Staff Writer, Charlotte Business Journal
A new residential tower is targeted for a key block of South End.
Catalyst Capital Partners and Stiles Corp. announced today they are partnering to develop a 30-story tower that will cover both 1600 and 1614 Camden Road. The development includes the former Price's Chicken Coop site.
The project calls for 291 apartments and 9,500 square feet of ground-floor retail and restaurant space at the southwest corner of Camden Road and West Park Avenue. Catalyst will occupy the tower's 10,000 square feet of office space upon the project's completion.
The multifamily tower is described as "ultra-luxury" and will include studio and one-, two- and three-bedroom units. The total projected investment for the development wasn't disclosed.
Construction is expected to begin in the third quarter of 2022, the joint venture announced. Hastings Architecture is the architect; it will also handle interior design. LandDesign is the civil engineer and landscape architect.
Catalyst is based in Charlotte and owns the 0.28-acre parcel at 1600 Camden Road, neighboring the shuttered restaurant. Price's closed in June after operating for 59 years. It is unclear how much the joint venture will pay for the Price's site. A search through Mecklenburg County real estate records on Tuesday afternoon did not return a deed.
"South End has been our home for several years and we are privileged to be able to contribute to its growing skyline," said Beau McIntosh, Catalyst managing partner. "We always envisioned a landmark high-rise development at this incredible location — what we feel is the best in all of Charlotte. The Stiles team has been longtime friends of Catalyst and this partnership is very complementary for both firms. We are all quite confident that the Charlotte market is ready to embrace the unique, luxury high-rise lifestyle this tower will offer."
Stiles, which is headquartered in Fort Lauderdale, Florida, and has a Charlotte office, is involved in another South End joint venture called 110 East. The developer is working with Shorenstein on the $165 million, 370,000-square-foot office tower that was announced earlier this year.
Catalyst Capital Partners, Stiles to develop mixed-use tower at former Price's Chicken Coop site in South End
Posted on 11/17/2021