Waverly Lands 4 New Tenants

By Laura Calugar

Two clothing boutiques and two restaurants will join the retail mix at the 90-acre Waverly community in southern Charlotte, N.C. The mixed-use project is being developed by a partnership between Childress Klein, Crosland Southeast and the B. Frank Matthews II family. The new tenants will occupy almost 14,000 square feet of retail space.

Located south of Interstate 485, at the intersection of Providence Road and Ardrey Kell Road, Waverly features 250,000 square feet of retail space. The project also includes restaurants, shops, two six-story office buildings that offer Class A space, and two medical office buildings. Solis Waverly, a 375-unit upscale community built by Terwilliger Pappas Multifamily Partners and Federal Capital Partners, is part of the project. David Weekley Homes is also building approximately 150 single-family homes and townhomes on 18 acres.

A retail offering expansion  

Aerial view of Waverly in Charlotte. N.C.

Fab’rik, Scout & Molly’s Boutique, Babalu Tapas & Tacos and DeSano Pizza Bakery have signed leases at Waverly. Gwen Glaeser with Foundry Commercial represented the landlord on the lease transactions. Rhett Batanides with Newmark Knight Frank represented Fab’rik, David Tschirhart with Legacy Commercial Real Estate represented Scout and Molly’s, Melissa McDonald with The Providence Group worked on behalf of Babalu, and Tommy Trimble with Foundry Commercial represented DeSano.

• Fab’rik will occupy 1,469 square feet for a new women’s clothing boutique. With more than 40 locations nationwide, Fab’rik offers private-label clothes and select brands such as Blank NYC and BB Dakota. The Waverly location is expected to open this fall.
• Scout and Molly’s Boutique will open a 1,436-square-foot store for women’s clothing, jewelry and accessories. The Scout and Molly’s location at Waverly is expected to open this fall.
• Babalu Tapas & Tacos signed a lease contract for 5,018 square feet. The company serves craft cocktails, Spanish-style tapas and tacos. The restaurant’s Waverly location will be its second in Charlotte, following the opening of its Dilworth neighborhood location in 2016.
• DeSano Pizza Bakery will occupy 6,065 square feet at Waverly, marking its second Charlotte location opened during the fourth quarter of this year. The company recently opened its first local store on Third Street in midtown Charlotte. DeSano specializes in Neopolitan pizzas.

Development update

Waverly’s retail anchor, Whole Foods Market, celebrated its grand opening in May. Chipotle, District 5 Interiors and Urbane South are all scheduled to open soon. Waverly’s medical office anchor, Novant Health, opened last fall. The Hub, a six-story office building, will be ready to welcome tenants next month, while a 141-key Hilton Garden Inn is expected to open by the end of this year. The Terrace, a public plaza with outdoor dining space and the community’s parking garage are also slated for completion next month.

Waverly will feature more than 40 retail shops and restaurants. Several retailers are already open at, including Chick-fil-A, Chuy’s, CycleBar, CVS, Firehouse Subs, Little Nest Portraits, Mattress Firm, McDonald’s, Panera Bread, PetPeople, The Porter’s House, Starbucks, Taziki’s, Ted’s Montana Grill, Truliant, ULTA Beauty and Wells Fargo.

Image courtesy of Waverly