September 12, 2017

Contact: Kim McMillan, 704-940-3177

CHARLOTTE, N.C. – The Charlotte Regional Realtor® Association and Pappas Properties are pleased to announce that they have closed on the first phase of a high-density, mixed-use development in Midtown.  Phase one involves 3.8 acres of the overall 5.2-acre approved site.

The initial phase will consist of an extension of Pearl Park Way and Berkeley Avenue to the construction of a new headquarters for the Association and the Mingle School of Real Estate.

The land closing represents the first in many steps toward transforming this area into a walkable pedestrian-friendly enhancement with coordination of land use, open space and much-needed transportation improvements for the area.

“We look forward to working with Pappas Properties, Little Diversified Architectural Consulting and our general contractor Myers Chapman to transform this site to better serve our members and students as well as benefit the community,” said Association/CarolinaMLS CEO Anne Marie DeCatsye. “Additionally, we want to acknowledge the work of Roger Cobb and Grey Poole of Selwyn Property Group who represented us in the transaction.”

Selwyn Property Group will continue to provide consulting services to the Association during the planning and predevelopment process for their new headquarters building.

The Charlotte Regional Realtor® Association is a trade association that provides its more than 9,800 Realtor® members with the resources and services they need to conduct ethical, professional, successful and profitable businesses. The association is dedicated to being the region's primary resource for residential real estate information. The association operates the Carolina Multiple Listing Services, Inc. (CarolinaMLS), which has more than 11,500 Subscribers and is the private cooperative Realtors® use for access to tens of thousands of residential listings in a multicounty service area, including Charlotte, the Piedmont area of North Carolina and South Carolina, and beyond.

Original Publish Date: 9/12/2017