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Atlanta & Southeast  + Carolinas  + Retail  | 
Cambridge Properties to spend $13.5M on aging center

Cambridge Properties Bringing New Life to Aging Charlotte Center

Cambridge Properties plans to knock down a shuttered Kohl’s department store in Charlotte and build a 300-unit apartment project along with ground-floor retail space and a parking garage. Cambridge has already begun on a separate 400-unit rental community and 90,000 square feet of retail at the Mallard Pointe Shopping Center.

The latest permits for improvements have a total value of about $13.3 million. Crestline Construction is listed as the general contractor.

Cambridge is working with investment partner Withrow Capital.

Mallard Pointe is a Food Lion-anchored retail development off Grove Lake Drive. Cambridge purchased and developed the 15-acre property in 1996, alongside Withrow Capital.

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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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