By Ashley Fahey, Charlotte Business Journal
A highly anticipated redevelopment in SouthPark at the Sharon United Methodist Church site appears to have a name: Apex SouthPark.
A website includes details like an updated site plan, timeline and renderings for the project, which is at a 7.1-acre parcel at Morrison Boulevard and Sharon Road that was rezoned in 2016. The “ski-slope” church there will be demolished and replaced by a new church facility, in addition to new mixed-use development.
Developer Childress Klein could not be immediately reached on Thursday for more details about the project. A spokeswoman for the firm declined to provide more information about the project when reached earlier this month.
According to the Apex SouthPark website, the project will include 90,000 square feet of retail and restaurant space, 175 hotel rooms, 355 apartments and a 35,000-square-foot church, in addition to four levels of parking. An interactive map by construction firm J.E. Dunn shows foundation work being done this spring, followed by vertical construction later this year. The parking garage and a temporary certificate of occupancy for “Sharon Tower” is shown for fall of 2019. “Morrison Tower” is shown to have a temporary certificate of occupancy by spring of 2020. “Element SouthPark” has a target completion for summer 2020, according to the timeline.
The Apex SouthPark website says Childress Klein is working in a joint venture with Ascentris, a real estate private equity firm based in Denver, Colo. Ascentris has nearly $1 billion in assets under management, according to its website, and targets office, multifamily, industrial and retail investment in primary and secondary U.S. markets.
SouthPark is amid a wave of revitalization that includes new, denser development as it evolves from a suburban mall-centric submarket to an urban, mixed-use environment. In addition to private development, a public $10 million Comprehensive Neighborhood Improvement Program is on the table to help fund infrastructure projects in the submarket.
This article originally appeared in the Charlotte Business Journal.