Construction Begins on Hub South End, the Latest Mixed-Use Development from Ram Realty Advisors
(Charlotte, NC) – A highly anticipated multifamily mixed-use development recently started construction in Charlotte’s historic South End, bringing a street-activating concept to the currently underutilized corner at Dunavant and Hawkins Streets Slated for occupancy in spring of 2020, Hub South End includes 265 apartments – 29 of them two-story, street-level “townhome” designs — and over 22,000 square feet of new commercial retail, office, and co-working space, all with expanded sidewalks and porch areas to bring more energy to the public realm.
“Ram’s goal is to activate life at the street level,” says Rachel Russell Krenz, Ram Realty Advisor’s Director of Real Estate Development. “Hub South End will add a mixed-use development to what is currently a space poised for the changes that have been seen in the rest of South End, with careful attention to connecting all users of the future property to the dynamic neighborhood.”
The community is developed by Ram on an empty four-acre parcel in a neighborhood bustling with shops, breweries, art, restaurants, and entertainment. From Hub South End, residents have direct access to the Lynx light rail, a short commute to the Charlotte Douglas International airport, and quick access to major highways. Plus, Hub is less than two miles from uptown and its city nightlife, Bank of America Stadium, BB&T Ballpark, and more.
Ram has close to a decade of history in South End. The firm made a commitment to it by both placing a regional office there and investing in the strategic development of the area. Hub South End is another example of Ram’s belief in this vibrant neighborhood.
Ram, celebrating its 40th anniversary this year, is well-known for creating developments that offer a carefree-yet-sophisticated lifestyle. Its vision for Hub South End is a thoughtful design concept that allows residents to live in luxe brand-new apartments, work in private and shared co-working offices, and play in community spaces or simply enjoy the local flavor and nearby entertainment. The building includes studio, one-, two-, and three-bedroom apartments with the aforementioned handful of two-story floorplans with street- level entries.
The adjoining commercial space – significant in size when compared to other multifamily anchored mixed-use projects – is in addition to the professional co-working space within Hub South End’s multi-purpose Clubhouse. Ram efficiently accommodates its residents’ ever-evolving work-life balance by providing ultra-convenience.
“The mixed-use asset allows Ram to leverage its decades of dual expertise in multifamily and retail, and to continue the work begun more than a decade ago when we committed to purchasing Design Center and participate in South End’s success. Our office remains located in South End and we will be part of the community for the long term,” said Ms. Krenz. “The strategic partnership with Foundry Commercial on the office and retail leasing ensures quality tenants and continues Ram’s commitment to this up-and-coming destination.”
The Hub South End team includes partner Faison Associates, lender PNC Bank, architect Cline Design Associates, civil engineer and landscape architect McAdams, general contractor Concorde Construction, property manager 5/ten Management, and leasing broker Foundry Commercial.
Ram Realty Advisors LLC acquires and develops retail, multifamily, and mixed-use properties in select high-growth markets throughout the Southeast. The investments are capitalized by Ram-sponsored discretionary private equity funds and institutional co-investment vehicles. Since 1996, Ram has deployed in excess of $3.2 billion of capital. Ram and its predecessor entities were founded in 1978. The Company is headquartered in Palm Beach Gardens, Florida, and has offices in Charlotte and Chapel Hill, North Carolina.
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