Crescent Communities announces significant leasing at Elizabeth on Seventh, a mixed-use community in Charlotte’s burgeoning Elizabeth neighborhood.
Tenants will join the recently announced Catalina Kitchen + Bar, a new restaurant concept from Ditka’s Restaurants, which will be located on the corner of East Seventh Street and North Caswell Avenue. Other retail tenants include Rosemont Market and Wine Bar, a new concept from the team behind The Crunkleton and the nearby Cheat’s Cheesesteak Parlor.
Catalina Kitchen + Bar will bring a casual upscale, full-service restaurant to the lively Elizabeth neighborhood. Set to open in early fall 2023, the American fare menu will be available for guests to enjoy on-site or take-away. The bar will have a daily social hour with specialty cocktails, an extensive wine list, and local beers. Catalina Kitchen + Bar’s relaxed atmosphere will complement the diverse dining scene in Elizabeth, initially open for dinner, with plans to add lunch service at a later date.
Office leases at Elizabeth on Seventh have been signed for approximately 34,000 square feet by companies including Lodging Capital Partners, Hord Coplan Macht, and LifeStance Health. In addition, construction of five move-in ready suites totaling 16,000 square feet will offer newly constructed offices to potential tenants. One of the five suites has been pre-leased.
“We are excited by the leasing activity from retail, restaurant, and office users,” said Ned Austin, Vice President of Leasing at Crescent Communities’ Commercial Business Unit. “With state-of-the-art amenities, tenants at Elizabeth on Seventh will be met with a superior, modern office experience that’s unique to the Elizabeth neighborhood. We are eager to meet the market with move-in ready spec suites ranging in size from 2,200 square feet to 4,900 square feet that will deliver in Spring 2023.”
Elizabeth on Seventh is a four-story building with exceptional top floor views of Uptown, multiple outdoor balconies, and an unparalleled location with convenient access to the central business district, I-77, I-74, I-277, and the CityLYNX Gold Line. Additionally, Elizabeth on Seventh offers ground floor retail opportunities complete with ample adjacent parking and outdoor dining spaces along a vibrant, walkable street.
The flourishing Elizabeth neighborhood in Charlotte has quickly become a dining destination in recent years, and Elizabeth on Seventh fulfills a need for firms seeking a well-located office experience centered around convenience for employees. Recent notable activity in the area includes the opening of Menya Noodle Counter, a forthcoming Mexican concept from the team behind The Crunkleton, and Chicago-based Centrum Realty & Development’s expansion in with a new mixed-use development currently in the planning phases. Elizabeth on Seventh also recently received the ‘Great Urban Architecture’ award at the 2022 City of Charlotte Urban Design Awards, which celebrates how well the project blends into the residential community around it.
“It’s been fantastic to see the revitalization of the 7th Street corridor since Elizabeth on Seventh delivered,” said Charles Thrift, owner and partner of Thrift Commercial. “The renovation and tenant mix at the Shoppes at 7th Street, further commitments by the restaurant group behind the Crunkleton, and new-to-market deals like Catalina, are further cementing the intersection as a premier dining and after-hours location. Thrift Commercial is excited to be a part of it.”
Jaime Boast and Ross Howard with JLL represented Hord Coplan Macht. Spencer Hawkins and John Christenbury with CBRE represented LifeStance Health. Stephen Woodard with Thrift Commercial Real Estate represented Lodging Capital Partners. Barry Fabyan, Charley Leavitt and Grant Keyes with JLL and Charles Thrift and Cliff Benson with Thrift Commercial represented Crescent Communities.
Elizabeth on Seventh is owned in a joint venture with Faison Enterprises. Additional partners include Truist (construction financing), Choate Construction (general contractor), BB+M (project architect), and LandDesign (civil engineer and landscape architect).