Developer Childress Klein said Wednesday that construction will start in March on a new office building in the Waverly development, on Providence Road just south of Interstate 485.
The project is the second office building at Waverly, a mixed-use development that also includes a Whole Foods, dozens of shops and restaurants, apartments and houses. Called The Nexus, the new building will be six stories tall and total about 154,000 square feet.
Childress Klein is partnering with Crosland Southeast and the family of B. Frank Matthews II, the same members of the joint venture behind Waverly. The first office building at Waverly, a similarly sized structure, was completed in August, with tenants including NN Inc., Esri and Horizon Investments.
The Remi Group, a company that manages equipment maintenance, has leased 31,000 square feet of the new Nexus building and plan to relocate there when it opens. They’re currently based in Ballantyne.
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Paul DeVine, partner at Childress Klein, said the developers are courting employers who want an urban vibe with walkable amenities, such as bars, restaurants and shops, but in a suburban location.
“With millennials now moving to the suburbs in significant numbers, we believe we’ve created that nexus of the suburban location and the urban experience,” said DeVine. He said the new building will include exposed ceilings, bike storage, outdoor meeting spaces with WiFi and a connection to Waverly’s park.
“It offers modern workspace at the center of an active, mixed-use environment that today’s employers seek, but are unable to find outside of the urban core,” said DeVine.
Waverly is one of three major developments taking shape at Providence and 485, an area that was, until recently, largely undeveloped land. Rea Farms, a huge mixed-use project, is replacing the defunct Charlotte Golf Links, while Novel Providence Farms, an apartment development, is just north of Waverly.
“The fact that Waverly’s 40-plus restaurants and shops are walkable from the front door of The Nexus is an incredible differentiator,” said Dan Schuster, founder and CEO of Remi Group.
Wells Fargo is providing financing for The Nexus, while Shelco is the general contractor and Rule Joy Trammell Rubio is the architect. Ben Speir with Cherry & Associates represented the Remi Group in the anchor lease, while Travis Hart and
Jenny Fowler represented Childress Klein.