Modern Office Space Now Under Development at Waverly
Charlotte, N.C., September 13, 2016 — Charlotte-based commercial developers Childress Klein and Crosland Southeast and the Matthews family have begun construction on The Hub, their six-story, 154,000-square foot office building. The Hub is the first of two corporate office buildings at Waverly, a 90-acre development at the intersection of Providence and Ardrey Kell Roads in South Charlotte. The Hub frames the east end of Waverly Town Center. General contractor Shelco, LLC is scheduled to complete construction in May 2017.
“We are thrilled to begin this phase of development at Waverly,” commented Paul Devine, office partner at Childress Klein. “Waverly will fulfill the growing demand from businesses for a suburban location with an urban feel. We have carefully planned this project to ensure it provides the activity, walkability and vibrancy of Uptown while remaining close to employees’ homes.”
The Hub, designed by RJT+R, will be LEED® certified. The building will have an architectural precast and brick façade with high performance glass. Exposed ceilings, upscale modern lobbies and restrooms, a 4-level 840-space parking garage, and flexible floor plans make this property a desirable location for tenants of any size.
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 affords the residents of South Charlotte an inviting place to live, work, 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 6-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.