Noted Charlotte real estate developer Peter A. Pappas, whose body of work includes some of Charlotte's best-known mixed-use real estate projects, was honored today by the Charlotte Chamber's SouthPark chapter as its 2014 SouthPark Citizen of the Year.
Pappas, founder and president of Pappas Properties, received the award during a luncheon at Maggiano's Little Italy restaurant in SouthPark Mall. Among those present to congratulate him were businessmen Nelson Schwab and Johnny Harris, former Mecklenburg County Manager Harry Jones and Charlotte Deputy City Manager Ron Kimble.
Chamber President Bob Morgan introduced Pappas by noting his role in helping develop signature high-end projects such as the Metropolitan, Birkdale Village, Phillips Place, the Berewick subdivision in southwest Charlotte and the Sharon Square neighborhood in SouthPark.
"Anything we do, we want it to be an asset to the community," said Pappas, who is also CEO of Terwilliger Pappas, a firm he formed with Ron Terwilliger last year to develop multifamily properties. "We want to be able to look back on it and say, 'This has added value.'"
Digital Access for only $0.99
For the most comprehensive local coverage, subscribe today.
Pappas joined Morgan for a question-and-answer session in which the developer talked about the evolution of SouthPark and trends in the real estate development industry. Asked by Morgan whether he sees any lessons to learned for SouthPark in the demise of Eastland Mall, Pappas said areas shouldn't be taken for granted just because they're successful.
"That doesn't mean we should quit investing in that area," he said.
After the luncheon, Schwab called Pappas "one of the most hard-working guys you'll ever meet." He added: I think by sheer hard work, grit and determination he gets things done that otherwise wouldn't get done. I think we're the beneficiary as a community of some great projects."
Pappas said he is honored to join Tim Belk of Belk Department Stores, Allen Tate of the Allen Tate realty firm, Piedmont Natural Gas CEO Thomas Skains and real estate developer Johnny Harris as recipients of the award.
"I'm truly flattered to be a part of that group," he said.