MoRA Point to include community grocery store, restaurants and shopsMay 2018
CHARLOTTE, N.C. Selywn Property Group and SunCap Property Group are bringing a major re-development to the fast-changing Monroe Road corridor. Site improvements and construction began last week on a 60,000-square-foot commercial center at the confluence of the primary traffic corridors of Monroe Road, Idlewild Road, Long Avenue and Independence Boulevard.
The 13.6 -acre redevelopment will be anchored by a 22,000-square-foot community grocery store and 38,000 square feet of restaurants and other mixed use commercial including a coffee shop, gas station, and service providers. The developers have worked closely with the MoRA neighborhood group over the past year. The community group has been an advocate for the new development which will replace an aged and empty office park and dilapidated retail center at the highly visible and accessible site. The center will be named MoRA Point, a nod to its location at the gateway to the MoRA neighborhood, when approaching from Independence Boulevard.
"We are bringing neighborhood retail back to a fast-changing and underserved area with dense population", said Jensie Teague, Selwyn Property Group Partner spearheading the development. "This site's visibility and access to Monroe, Idlewild, Long and Independence at the newly completed Idlewild interchange, will allow for a new retail node with unique access that does not exist anywhere else along Independence or Monroe"," added Teague.
"It is great to be a part of bringing a transformative development like this to Charlotte," said Senior Vice President, Paxton Hollar. "SunCap is excited about the opportunity to bring our fifth project to Charlotte and to continue to diversify our portfolio into retail."
Selwyn Property Group's Mac Barksdale and Teague are handling leasing for MoRA Point and can be contacted at 704-343-2828.