Selwyn Property Group is seeking to redevelop a site in east Charlotte at Idlewild and Monroe roads with new shops, restaurants and businesses, part of an ongoing wave of changes in the corridor.
The 17.4-acre site is at a new interchange that will offer access to Independence Boulevard, and across Idlewild Road from the new Meridian Station development that includes apartments, offices and retail.
“What attracted us to that part of the town is we think there’s going to be a resurgence of retail activity where there is good access to and from Independence Boulevard,” said Jensie Teague, of Selwyn Property Group. He said the developers have assembled the site and are under contract on the land.
They’ve filed a petition to rezone the site from business, office and residential uses to mixed-use development.
The site is mostly vacant, with some older buildings located there. Charlotte City Council will hold a hearing and vote on the plans in the next several months. If that goes smoothly, Teague said construction could begin by late 2017.
A preliminary site plan shows 10 buildings on the site, with some fronting Independence Boulevard, Idlewild and Monroe roads. A grocery store would be located at Long Avenue and Monroe Road. Teague said Selwyn Property Group has been in talks with a grocery anchor for the site. The buildings on side would total up to 106,000 square feet, according to the plans.
Teague said the plans are still early.
“Our uses are still mainly speculative,” he said. But Teague said the area needs more options for people to buy groceries, and that a grocery store would be a major boon for the neighborhood.
“We think it would be a big hit,” said Teague. “We believe this is a big step.”
He said Selwyn Property Group is committed to working with residents in the area to address any concerns.
“We know what we do has to really enhance that corner, because it will be a gateway to the east side,” said Teague.