Developer in early stages of mixed-use project in Elizabeth
Fresh off the announcement of a multifamily project in South End, Chicago-based Centrum Realty & Development is turning its attention toward new mixed-use plans in Elizabeth.
Centrum filed a petition with the city of Charlotte on Jan. 31 to rezone 1.63 acres at 1801 E. Seventh St., from B-1 to MUDD-O. Larry Powers, the firm’s managing partner, told the Charlotte Business Journal that Centrum is in the very early planning stages for a mixed-use project there that will likely include multifamily and commercial components.
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The firm closed July 6 on its $8.5 million purchase of five parcels at East Seventh Street and Lamar Avenue, according to Mecklenburg County real estate records.
Powers said discussions are ongoing with the Elizabeth Community Association.
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