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Childress Klein Erecting 500,000-SF Retail/Office Center Near I-485 Interchange

CHARLOTTE-A 135,000-sf Home Depot retail store and a 10,000-sf CBS Pharmacy will anchor the first 145,000-sf phase of Promenade on Providence, scheduled to open this summer. The estimated hard construction cost is $40 million.

By Brian Falk | Updated on February 20, 2001

CHARLOTTE-Locally based Childress Klein Properties Inc. has the first 145,000-sf phase of its planned 500,000-sf Promenade on Providence retail/office center under way at Providence Road and Ballantyne Commons Parkway near the Interstate 485 interchange. The developer did not disclose construction costs but industry estimators familiar with comparable projects tell GlobeSt.com the total hard cost of the 50-acre project will probably come in at about $40 million.

A 135,000-sf Home Depot retail store and a 10,000-sf CVS pharmacy will anchor the first phase. An outparcel has been sold to an unidentified buyer at an undisclosed price for an Exxon gas station but construction has not begun.

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