Novant Health Joins 90-acre Waverly as Medical Office Anchor

By Eliza Theiss, Associate Editor

Peter B. Pappas, Crosland Southeast

Novant Health will be the anchor for developers Crosland Southeast and Childress Klein’s 90-acre mixed-use, master-planned development Waverly.

Novant Health, a regional medical provider, will relocate an existing facility from Providence Road to Waverly, expanding by 8,000 square feet. The healthcare provider will occupy 23,000 square feet of the first 33,000-square-foot building.

Set to open in fall 2015, Novant Health’s Waverly location will include urgent care, physical therapy, family healthcare, including pediatrics, as well as other services.

Novant Health was represented by Mike Wiles, CCIM of NAI Southern Real Estate. The owners were represented by Crosland Southeast and Childress Klein. Childress Klein is working on pre-leasing the remaining medical office space. CNL Commercial Real Estate has also been involved with the leasing process.

Waverly’s has also signed a number of retail tenants, among them Whole Foods, which will open a 40,000-square-foot location in mid-2016. Other tenants include a 6,073-square-foot Novanta Pizzeria Napoletana, a 4,300-square-foot Bad Daddy’s Burger Bar, a 2,500-square-foot Modern Salon & Spa, a 2,500-square-foot Polished Nail Bar, 1,498-square-foot Menchie’s Frozen Yogurt and a 938-square-foot Quail Dry Cleaners. Waverly’s leasing team is working on further additions and expects to make three additional announcements within a month, involving local and national sit-down restaurants.

“We put a great deal of time into hand selecting best-in-class restaurateurs and operators (…) at a variety of price points to join Waverly,” said Peter B. Pappas, lead developer from Crosland Southeast. “The next dimension is to design, along with Shook Kelley, a synergistic layout that intentionally organizes most of the restaurants around the primary public space, which we are calling The Terrace. These restaurants activate The Terrace, creating an environment where people want to come and stay.”

Waverly medical office

A joint venture between Childress Klein, Crosland Southeast and the Matthews family, Waverly will feature 250,000 square feet of retail space, anchored by Whole Foods, two five- to six-story Class A office buildings and medical office buildings. Waverly will also include 275-unit high-end Solis Waverly apartment project developed by Pappas Multifamily Partners, as well as 150 single family homes developed by David Weekley Homes.

Click here for further Charlotte market data

Images courtesy of Childress Klein and Crosland Southeast