Commercial real estate developer Providence Group Capital announced it has closed on four properties at a busy intersection in South End.
Providence Group Capital closed on four properties at the corner of Remount Road and South Tryon Street. Three businesses currently sit on those properties: Cheap Joe’s Art Stuff, Morales Tires and Auto Shop and Charlotte Community Tool Bank. Providence Group Capital said those businesses will continue to operate in their current locations before relocating at an unannounced date in the future.
The firm says it targeted South End due to its explosive residential, office, brewery, restaurant and entertainment growth.
“Cities are always in a constant state of change,” James LaBar, senior vice president of economic development for Charlotte Center City Partners, said.
READ MORE: https://www.wcnc.com/article/money/markets/real-estate/charlotte-north-carolina-south-end-commercial-real-estate-development-remount-road-south-tryon-street/275-648a475f-ab77-4518-ade3-a6118c7d060b