What's In Store

New retailers coming to development in fast-changing area southeast of uptown

Rendering of the MoRA Point development under construction at Monroe and Idlewild roads
Rendering of the MoRA Point development under construction at Monroe and Idlewild roads

The development under construction at Monroe and Idlewild roads will soon get a few new tenants: Starbucks, Supercuts and Verizon.

The MoRA Point development, anchored by an Aldi grocery store, is a 13-acre site that will include 80,000 square feet of retail once it’s complete, according to a statement Thursday from Selwyn Property Group and SunCap Property Group, the developers behind the project.

Starbucks will be in a 2,200-square-foot space in the in MoRA Point development, while Verizon and Supercuts will take 1,500 and 1,100 square feet, respectively, the developers said. Each of the new tenants is expected to open in the third quarter of next year.

The 22,000-square-foot Aldi store is expected to open sometime in the first quarter of 2019.

The Germany-based chain is re-opening a location in Fort Mill, S.C. It is one of more than 30 ALDI supermarkets in the Charlotte region re-opening with more items for customers.

After buying the site for $5 million in February, developers soon began construction of the new MoRA Point center, which is intended to bring fresh retail options to an under-served but growing area.

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The development’s name comes from the neighborhood’s attempt to establish a new name and brand to distinguish itself.

“These tenants are consistent with our vision and reflect the kind of interest that we are seeing in MoRA Point,” said Mac Barksdale, the Selwyn Property Group partner in charge of the leasing at the center.

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