Portman Holdings has acquired a development site at 2151 Hawkins Street in Charlotte’s SouthEnd neighborhood, located directly on the Charlotte Rail Trail and Light Rail, next to Sycamore Brewery and across from Atherton Mill Market.
The project plans to break ground in late 2019. Current plans for the property include up to 260,000 square feet of office and 20,000 square feet of retail.
“Portman Holdings is pleased to be able to continue creating significant developments in Charlotte, and this time on the exciting Blue Line corridor which is among the most walkable transit-oriented, mixed-use neighborhoods in Charlotte,” said Ambrish Baisiwala, CEO of Portman Holdings.
The project represents Portman Holdings’ third development in Charlotte. Portman Holdings opened the 700-key Westin Charlotte in 2003 and the 375,000 square feet office building at 615 South College in May 2017.
About Portman Holdings
Throughout the past 65 years, Portman Holdings has developed over 65 million square feet of premium real estate across the world with a focus on hospitality, office and mixed-use properties. The vertically integrated real estate development, investment and management company commands a successful global network and has a proven track record with the world’s top financial institutions. Teams in the company’s global offices seamlessly connect to develop, finance and manage a diverse portfolio in the world’s core and emerging markets. Portman Holdings continues to achieve success through investor, partner, and client relationships that deliver exceptional real estate projects. For additional information, visit https://www.portmanholdings.com and follow the company on Twitter via @PortmanRE.
Media Contact: Jennifer.Graham@PortmanHoldings.com