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Atlanta & Southeast  + Carolinas  + Apartments  |  July 17, 2026
Phillips Place
Mike Boyd
By: Mike Boyd

Apartment Developer Pursuing Phillips Place for Multifamily Community

Mid-America Apartment Communities is seeking a zoning change to build a 275-unit apartment complex and 15,000 square feet of commercial space at Phillips Place in SouthPark.

The Charlotte Business Journal reports the apartment community would be built where the former Regal Cinemas used to stand. The movie theater was demolished in 2022. Phillips Place, a 134,000-square-foot mixed-use center, was built by Lincoln Property Co. and opened in 1997.

Phillips Place is now owned by Simon Property Group Inc. The national retail developer acquired the property in November 2025 from Lincoln and The Village Collection for $144.8 million.

MAA owns and operates more than 300 properties in 16 states and Washington, D.C. The firm entered the Charlotte market in 2010. Its local portfolio now includes more than 20 properties across the region.

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About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.
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