Catalyst Capital Partners, Stiles to develop mixed-use tower at former Price’s Chicken Coop site in South End

Source: Stiles

 Catalyst Capital Partners, a Charlotte-based real estate development and investment firm, recently formed a joint venture with 70-year-old real estate development firm Stiles to develop an ultra-luxury multifamily/mixed-use tower located at the SW corner of Camden Rd. and W. Park Ave. in the fast-growing South End submarket of Charlotte, N.C.

Comprised of 315 units, the tower will include 9,500 square feet of retail and restaurant space on the ground floor with a highly activated streetscape, and approximately 10,000 square feet of office space that Catalyst will occupy upon completion. The project will feature market-leading indoor and outdoor amenity areas and contemporary, top-of-market unit finishes in a variety of studio, one-, two-, and three-bedroom floor plans. Nashville-based Hastings Architecture is the architect of record and will also handle interior design, and LandDesign is the civil engineer and landscape architect. Construction is targeted to commence in Q3 of 2022.

“We are thrilled to be developing our third apartment community in North Carolina and our first in Charlotte in the heart of South End,” said Jeff McDonough, President of Stiles Residential Group. “We are also excited to partner with a talented and experienced group like Catalyst to bring a project of the highest caliber to this incredible location and vibrant submarket. This community will be incredibly well-suited to support the tremendous job growth in the immediate area, and we expect it to set a new standard for luxury living in the Charlotte.”

“South End has been our home for several years and we are privileged to be able to contribute to its growing skyline. We always envisioned a landmark high-rise development at this incredible location – what we feel is the best in all of Charlotte,” said Catalyst Managing Partner Beau McIntosh. “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.”

Located directly on the Light Rail’s Blue Line between East/West Station and Bland St. Station., the project will be a transit-oriented development that features connectivity with the Rail Trail as well as easy access to Uptown, Charlotte Douglas Airport, and over 200 walkable amenities including retail, restaurants, and nightlife. It will be surrounded by several employment centers and newly delivered office towers, including Stiles’ 110 East development, a planned 23-story office tower immediately adjacent to the East/West Station light rail stop.

“Over the next few years, we’re going to see the multifamily offerings in South End make the move upmarket with regard to finishes, views and amenities,” said Justin Siemens, President of the Carolinas at Stiles. “We believe this move will complement the various commercial endeavors currently shaping South End and we are excited to be a part of it.”