Plans to reshape the next block of Stonewall Street uptown are moving forward, with a developer planning to bring hundreds of apartments, office space and retail.
Northwood Ravin’s project on the vacant site at Stonewall and South Caldwell streets will feature a mix of uses and a building reaching 20 stories.
“We’re positioning the product to offer something different,” said CEO David Ravin. “We’re always looking to see what’s not being offered.”
According to early plans filed with the city, Northwood Ravin is planning up to 421 apartments, 12,000 square feet of office space and 8,000 square feet of retail for the site, as well as 558 parking spaces. The development doesn’t yet have a name, but Ravin said construction could start in the fall.
Charlotte-based BB+M Architecture is designing the project.
Ravin said about one third of the site will be occupied by a 20-story high-rise. The other part of the site will be configured as a six-story building, with four stories built over two stories of parking.
Ravin said the plans call for a restaurant at the corner of Stonewall and Caldwell, and high-end touches such as gas cooking available in residential units in the high-rise.
Northwood Ravin acquired the 3.76-acre parcel – which was left over after completion of the I-277 loop – from the city of Charlotte in February for $14.2 million. It’s directly across South Boulevard from Crescent Stonewall Station, a mixed-use development under construction that will feature 450 apartments, two hotels and a Whole Foods.
The Stonewall corridor is undergoing a wholesale transformation. Down the street from Northwood Ravin’s site, at Stonewall and McDowell, Proffitt Dixon is completing work on The Pressley apartments and eying a new apartment building at the Actor’s Theatre site.
Lincoln Harris is starting demolition on the Observer’s former building at Stonewall and Tryon to make way for a new major mixed-use development. Across Tryon Street, Crescent Communities is planning to build a new office tower and retail complex called Tryon Place. And Mecklenburg County recently picked a master developer for Brooklyn Village, a new mixed-use development that will replace the Bob Walton Plaza government building on Stonewall Street.