The Charlotte Business Journal held its annual Heavy Hitters Commercial Real Estate Awards dinner at the Westin Hotel on Thursday, November 1, 2018, and on a night when the real estate industry recognized the best developments in commercial real estate from 2017-2018 in the Greater Charlotte region, it was Indian Land who walked away the big winner.
Winner Retail Development – RedStone
In the category of Top Retail Project, RedStone, MPV Properties’ retail and entertainment project located at the intersection of Highway 521 and Highway 160, was chosen as the Charlotte region’s most impactful new retail project.
“We are grateful RedStone was recognized by the real estate industry for being an exceptional retail project,” said Mike Bilodeau of MPV Properties. “It was our goal to establish RedStone as the premier retail center in northern Lancaster County and we believe we are on our way to making that happen.”
RedStone Phase I is anchored by a 14-screen Stone Theatres movie theater, and features several prominent restaurants (Portofino’s, Red Rocks, Viva Chicken, Moe’s, Margaritas, Freddy’s, Tropical Smoothie Cafe, Which Wich, Hazelnuts Creperie, Menchies Frozen Yogurt), service establishments (Sparrsh Massage, Med First, Tide Dry Cleaners, Salon 42, ReVive Spa, Grand Nails Salon, RedStone Family Vision, Sharonview Federal Credit Union), a woman’s boutique (Tallulah Graham) and Carolina DanceSport Academy.
Planning is underway for RedStone Phase II, which will more than double the size of RedStone to 60 acres and 300,000 SF. Phase II will also include an outdoor common area for weekend concerts and other special events.
Project Details – RedStone
Owner: Red Stone Investors, LLC
Developer: MPV Properties
Architect: Progressive AE
Contractor: Cummings Construction
Lender: Pinnacle Financial Partners
Brokers: Kivett Williams and Stephen Pharr of MPV Properties
Winner Office Development – CompuCom System’s Inc.
The new CompuCom Building, located within Bailes Ridge Corporate Park on Highway 160 in Indian Land, is a 150,000 square-foot, state of the-art office facility that houses CompuCom’s global headquarters and its primary global contact center operations.
The CompuCom building is entirely tech-driven: Mobile phones provide employees access, Cisco Spark systems monitor usage and give feedback for efficiencies, and building managers are able to access data via “the cloud.” The building is one of the first in the country to be exclusively powered by Power-over-Ethernet technology, a digital electrical system.
“(CompuCom) is a little bit on the front lines on this, but as it becomes a more proven technology and they can see the advantages of it, it will become the gold standard,” said Brendan Pierce, office development partner at The Keith Corp., which developed the building in a joint venture with MPV Properties. “We think this is the future of office development.”
Project Details – CompuCom
Owner/developer: The Keith Corp. and MPV Properties
Architect: LS3P Associates
General contractor: Choate Construction
Financial partner: First Tennessee Bank as construction lender
Brokers: Brian Brtalik and Landon Funsten at Foundry Commercial on behalf of CompuCom