By Amalia Otet, Associate Editor
Crosland Southeast, a real estate firm focused on the acquisition and development of retail and multi-use projects, started working on the much-awaited rehabilitation of the Quail Corners Shopping Center.
Located at the intersection of Park Road, Gleneagles Road and Sharon Road West in South Charlotte, the 113,000-square-foot neighborhood retail center has been providing shoppers with a wide array of specialty shops, restaurants and retail businesses for more than 27 years.
The $6 million revitalization project, announced in September 2010, aims to improve the shopping experience, attract additional tenants and allow expansion of existing tenants, add to the city’s tax base and create jobs. The Harris Teeter-anchored complex will undergo a series of renovations to remodel the exterior storefronts and improve the aesthetics of the property, including the installation of an open-air plaza for outdoor dining and potential live entertainment near the center of the developments. The Harris Teeter store will also grow by 1,800 square feet as part of the massive makeover, and TCBY announced it will open a new frozen yogurt shop as a new tenant of the shopping center this winter, taking over the space previously occupied by Dilworth Coffee.
“We are delighted to commence the much-needed infrastructure work to kick off the redevelopment,” Peter Pappas, partner of Crosland Southeast, told South Charlotte Weekly. “Ultimately, this will improve pedestrian and vehicular circulation which, along with building renovations, will enhance the shopping and dining experience for loyal customers of Quail Corners.”
Crosland Southeast also recently broke ground on a multi-use development in Chesterfield County, Va. in a joint venture with Hartford, Conn.-based Hutensky Capital Partners, according to Citybizlist. Stonebridge is a two-phased project that will include construction of 144,000 square feet of retail space in phase one. Of this, 123,600 square feet will be occupied by a Kroger Marketplace grocery store. Phase two, which is expected to kick off in mid-2012, will include 175,000 square feet of retail space and approximately 350 multifamily residences.