CHARLOTTE – The Arden Group, a developer from Winston Salem, has filed a request with the city to rezone about 39 acres in the University Area for up to five automobile dealerships. In the petition, Arden is asking to rezone the land from a Commercial Center use to a B-2 general business use, said Sonja [...]
CHARLOTTE – Mecklenburg County has issued two more permits to suburban Cleveland-based DDR Corp. for construction on the Belgate shopping center, off Ikea Boulevard in northeast Charlotte. The two latest permits were for construction on 10,551 square feet of space apiece in what DDR is calling “Block C Small Shop A” and “B,” according to [...]
Suburban Cleveland-based DDR Corp. owns hundreds of shopping centers throughout the U.S. But when the retail giant bought Cotswold Village Shops in December 2011, it stepped slightly out of its comfort zone.
CHARLOTTE – Weekes Construction has been cleared to begin interior construction on an Old Navy being built next to Charlotte’s Ikea. The University City store is among others under construction in the Belgate Shopping Center — owned by suburban Cleveland-based DDR — off Interstate 85 at Ikea Boulevard. On Friday, Mecklenburg County issued a permit, valued [...]
Two Charlotte shopping centers centers, Cotswold Village and The Terraces at SouthPark, have been sold for $85 million. Greensboro-based Bell Partners said this week that it has sold the properties to DDR, a Beachwood, Ohio–based owner and manager of shopping centers. Bell said the sale reflects its focus on multifamily properties as opposed to retail, [...]