CHARLOTTE-This area is getting a one-of-a-kind mixed-use development that developer Charley Hodges is betting will change how people live, work and play for the rest of their lives. The 129-acre project is Ayrsley, an urban village designed by noted town planner Andres Duany, a founding principal of Miami-based Arquitectonica. The project is scheduled to break ground by spring near the Interstate 485-South Tryon Street interchange.

The estimated $1-billion undertaking will take an estimated four years to complete. Instead of a segregated office park, shopping center, subdivision and residential complex, Ayrsley will be a large urban village with residences above stores, offices next door to restaurants, sidewalks and pocket parks, all linked in a pedestrian-friendly environment.

The project’s dense nature would allow more homes, stores and offices to fit in a much smaller area. The 10-story to 12-story hotels would be the tallest buildings. There would be no single-family homes, townhouses, apartment buildings or lofts. Hodges hopes the project will attract young professionals and technology workers.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.