Development

Charlotte firm planning to remake part of Durham with $400 million development

Rendering of the proposed development.
Rendering of the proposed development.

Charlotte-based CitiSculpt is planning to build an ambitious project on a 12.1-acre parcel in downtown Durham, with apartments, offices and maybe a corporate headquarters slated for the site.

CitiSculpt, which is also building an office building and apartment complex on West Morehead Street in Charlotte, plans to start demolition soon on the Durham site, a former car dealership.

In the first phase of development, CitiSculpt plans to build 300 units of multifamily housing, near the Durham Bulls stadium. Construction should begin in the next few months.

Next, CitiSculpt is planning to build Class A office space. Lindsey McAlpine, co-founder of CitiSculpt, said he expects to lure a corporate headquarters to help anchor the site.

“The likely corporate headquarter sites within this new development will have as much impact on Durham and the Triangle region as anything in recent history,” said McAlpine, main a statement.

In all, the development will total more than a million square feet of retail, office, hotel and multifamily space. The development is also expected to include a park and public art.

“The ‘live, work, play’ environment is a guiding principle for this development,” said McAlpine. “To ensure the best possible outcome, we are fully integrating local professionals and talent into our experienced CitiSculpt development team.”

Ely Portillo: 704-358-5041, @ESPortillo

  Comments