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Developer Overcomes Hurdles to Build $45-Mil Mixed-Use Project

CHARLOTTE-Dennis Richter plans to break ground shortly on Latta Pavilion, a challenging, $45-million mixed-use project in Dilworth, one of the city's oldest neighborhoods. The three-acre venture took three years of planning and will comprise 150 apartments, 100 condominiums, 28,000 sf of office and 20,000 sf of retail.

By Robert Anthony | Updated on October 24, 2000

CHARLOTTE-Dennis Richter, president of Richter & Associates, will be breaking ground shortly on Latta Pavilion, a challenging, $45-million, three-acre, mixed-use project in Dilworth, one of the city’s oldest neighborhoods. The project will comprise 150 apartments, 100 condominiums, 28,000 sf of office and 20,000 sf of retail. Completion is scheduled for 2002.

Richter first spotted his dream parcel about three years ago. The only structures on the site were small, dilapidated shops. The developer envisioned a mix of residential, office and retail.

The project has been a struggle from the start, but Richter refused to be discouraged. Talks with Texas-based Whole Foods Market as an anchor tenant collapsed. With no retailer signed, Richter concentrated on bringing more residential units into play.

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