New Restaurants Announced for Mixed-Use Waverly Development

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Carolina Ale House, CO and YAMA join restaurant mix

Charlotte, N.C., Oct. 17, 2016 — Charlotte-based commercial developers Crosland Southeast and Childress Klein announced that restaurants Carolina Ale House, CO and YAMA have all signed leases at the 90-acre Waverly development near the intersection of Providence and Ardrey Kell roads in South Charlotte.

The new tenants join more than 30 other retail shops and restaurants that have signed leases at Waverly, with Carolina Ale House and CO both leasing retail space along a public plaza called The Terrace, which features outdoor dining space. YAMA has leased space next door to Viva Chicken in a nearby freestanding building that will start construction soon.

“With Carolina Ale House, CO and YAMA, we have added three proven restaurant operators from the Carolinas who share our vision for a vibrant, walkable retail destination at Waverly,” said Peter B. Pappas, managing partner of Crosland Southeast.

Carolina Ale House (6,500 square feet) has all the ingredients for an unrivaled good time–over 50 TVs to catch all the action, a large variety of craft beer and award-winning, scratch-made food served with a full measure of Carolina hospitality. Fan favorites include all-natural jumbo wings, fresh burgers, generous salads and hearty sandwiches. Carolina Ale House is the perfect gathering place for sports fans, beer lovers and supporters of fun alike.

Based in Raleigh, Carolina Ale House has more than 30 locations across the Southeast and opened its uptown location in 2011 and its Concord location in 2013. This will be the company’s third location in the greater Charlotte market.

Named for the Vietnamese word for “feast,” CO (3,180 square feet) is a contemporary Pan-Asian restaurant that serves menu items including banh mi, pho, dumplings, sushi and customer favorite Curry Laksa. The restaurant also serves a collection of signature cocktails including the Lemongrass Ginger Martini and the Sriracha Mary. Owned by Greg Bauer, CO opened its first location in Charleston four years ago and has since expanded to Savannah, Myrtle Beach and Charlotte. Heralded as one of the most anticipated restaurant openings of the year, CO opened its first Charlotte location at Park Road Shopping Center in late 2015.

Considered one of the best sushi restaurants in the city, YAMA (3,400 square feet) opened its first location, Yama Asian Fusion, in SouthPark in 2007, with Yama Izakaya opening in Plaza Midwood in 2014. Owned by Birdie Yang, the restaurants have earned a devoted following for their fresh ingredients, creativity, attention to detail and intimate, welcoming atmospheres. The new YAMA location at Waverly will feature a modern, sophisticated décor along with the acclaimed Japanese fare that locals love, including sushi, sashimi, hibachi entrees, specialty rolls and Asian fusion cuisine.

Gwen Glaeser with Foundry Commercial represented the landlord on the lease transactions. J.R. Dill represented Carolina Ale House, Jackson Hughes of The Navigator Group represented CO, and Bill Diehl of Diehl Properties represented YAMA.

The new tenants join more than 30 other retail shops and restaurants that have signed at Waverly, which will combine a light, contemporary architecture with traditional placemaking in south Charlotte. A 40,000-square-foot Whole Foods, Waverly’s retail anchor, will open early next year, and 22,000-square-foot medical office anchor Novant Health opened last fall.

Chick-fil-A and Panera Bread are both under construction at Waverly, and ULTA Beauty and Chuy’s have begun their upfits in preparation for occupancy this fall. The CVS store at Waverly opened in August along with Horizon Eye Care, and several other tenants are expected to open before the end of the year.

For a complete list of tenants, visit www.waverlyclt.com/interactive-siteplan.

About Waverly

Waverly is a multi-use, pedestrian-friendly, master planned development that is a joint venture between Childress Klein, Crosland Southeast and the Matthews family. Located just south of I-485 at the intersection of Providence Road and Ardrey Kell Road, this 90-acre project features a contemporary design and affords the residents of South Charlotte an inviting place to dine or shop. The 250,000 square feet of retail will be anchored by Whole Foods Market and have a focus on restaurants and outdoor dining. In addition, the project will provide two six-story buildings offering Class A office space for corporations to locate in a neo-traditional environment, as well as two medical office buildings.

The development also offers 375 upscale apartments called Solis Waverly on 18 acres, built by Terwilliger Pappas Multifamily Partners and Federal Capital Partners®. David Weekley Homes will build approximately 150 single-family homes and townhomes over 18 acres for residents who wish to purchase a home in a walkable community.

Waverly is located on the site of the former Matthews Family Farm. The Matthews family personally chose partners Childress Klein and Crosland Southeast to develop the land. The property has been in the Matthews family since 1860 when it was gifted to Sarah Houston by her parents as a wedding present upon her marriage to William McGill Matthews.

Neighbors can stay up to date about the development at www.waverlyclt.com.

About Crosland Southeast

Crosland Southeast and its partners have a long history of developing and leasing award-winning retail and mixed-use developments throughout seven southeastern states. The five Crosland Southeast partners previously served as officers of the 74-year-old Crosland LLC, and have a combined 115 years of experience in the shopping center industry.

Today, Crosland Southeast perpetuates excellence with its emphasis on retail acquisitions, advisory services, single-tenant development and the development of high-quality retail and mixed-use properties that epitomize placemaking at its finest. During their careers, the executive team has developed more than 24 million square feet of projects. For more information, visit www.croslandsoutheast.com.

About Childress Klein
Childress Klein has been in business in the southeastern United States since 1978. Throughout Virginia, North Carolina, South Carolina, Georgia and Florida, Childress Klein has been responsible for the development of over 40 million square feet of office, industrial, retail and multifamily properties. The company is active in markets across the Southeast through offices in Charlotte and Atlanta.

As one of the largest real estate developers in the southeast, Childress Klein has experience in a wide range of projects — from small flex buildings to multi-million-square-foot distribution parks; from small, freestanding retail buildings to large, multi-phase lifestyle centers; and from conveniently located suburban office buildings to 1 million+ square-foot, high-rise urban office towers. Childress Klein has also developed Class A+ apartments and self-storage facilities in prime submarkets in high-growth cities. With a portfolio of approximately 40 million square feet and more than $1 billion in assets, Childress Klein has the resources to undertake any size project. For more information, please visit www.childressklein.com.