CHARLOTTE, N.C (December 10, 2018) – CitiSculpt, a visionary real estate development company based in the Carolinas, is pleased to announce plans to invest up to $500 million in Opportunity Zones throughout the Southeast over the next two to three years.Read More
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Charlotte Business Journal - Dec. 5, 2018 - The first phase of a mixed-use project in midtown Charlotte has wrapped up, with the next phase potentially breaking ground within the next year.
Charlotte-based CitiSculpt first proposed the development two years ago. Plans called for 255 apartments, a shared parking deck and what's now a seven-story, 90,438-square-foot office building on a site generally bounded by Kenilworth Avenue, Greenwood Cliff and Harding Place. CitiSculpt and partner Armada Hoffler Properties have finished the apartments, called Greenside.Read More
Charles Lindsey McAlpine joins Skyline Forum host Ben Stevens to discuss his perspective on pre-development planning. Charles shares from his experiences on the items in pre-development, their timing in the process, and also their sensitivity to the scale of a project.Read More
Charlotte Business Journal - Sept. 2, 2016 - A venture between an entity of Florida-based Ram Realty Services and Charlotte’s CitiSculpt recently closed on a land purchase surrounding a NoDa brewery site to develop a multifamily project. Under the entity RRPIV Noda SAG JV LLC, Ram and CitiSculpt subsidiary, Southern Apartment Group, purchased the 3.6-acre site containing vacant land and Free Range Brewing at North Davidson and East 27th streets for nearly $5 million in a deal that closed Aug. 29, according to Mecklenburg County property records. The site was formerly co-owned by several entities, including a subsidiary of Legacy Real Estate Advisors.Read More
A joint venture of two development firms plans to start construction in November on a new apartment building and mixed-use development planned at 27th and North Davidson streets. Florida-based Ram Realty and Charlotte-based CitiSculpt, the parent company of Southern Apartment Group, are partnering on the project, which will include 250 apartments in a new, five-story building and the renovation of an existing commercial building on the site, currently home to Free Range Brewing.Read More
In 2015, Charles Lindsey McAlpine, managing partner of Charlotte-based CitiSculpt, bought the 12-acre former Hendrick auto mall property at the Durham Freeway and South Roxboro Street and has already sold off a piece of the property for the new Gateway Center apartments. He says he’s in final negotiations with an equity partner to begin construction of a 200,000-square-foot, speculative office building at Gateway by early 2017. “We’ve had a lot of interest from financial institutions to be a backer in our projects, so we’re feeling good about what’s happening in Durham,” McAlpine says.Read More
The redevelopment of Brooklyn Village will be an immense task due to its complexity on multiple levels. Success will require more than desire, optimism and a superficial connection to Charlotte. It will require a combination of proven experience, financial capacity, realistic expectations, and decades of actual ties to our community. Grand concepts mean nothing if the selected development group does not have the capability to deliver and restore a part of Charlotte's soul.Read More
More multifamily and office development is targeted for midtown. CitiSculpt is seeking to build a 221-unit apartment building and an adjacent six-story structure containing 65,000 square feet of office space, according to plans filed with the city and confirmed by a source close to the project. The development is planned for the intersection of Harding Place and Kenilworth Avenue.Read More
Woodfield Investments has been approved to build a 305-unit, low-rise apartment community, called Gateway, near where Pettigrew Street intersects with Roxboro Road and the Durham Freeway, a key gateway entrance into downtown Durham. The trio of apartment buildings is part of an ambitious $400 million mixed-use development project proposed last year by the new property owner, Citisculpt of Charlotte. Citisculpt bought the 12.1-acre former car dealership property from Hendrick Automotive for $5 million, demolished the building and sold a portion of the land to Woodfield for $6.1 million in July.Read More
Two Charlotte real estate firms plan to break ground on a 64,000-square-foot office and retail building in the first quarter of 2016 and have hired CBRE Group Inc. to lease the project. CitiSculpt and The Knox Group plan to start construction early next year on the 1213 Morehead building, which will be located on West Morehead, across from the southbound I-77 exit ramp. The two firms announced the project earlier this year.Read More
Durham’s skyline could be getting a major facelift, with at least two new high rises coming in. Two old car lots could be the driving force in Durham’s next big boom. “We look at things that look all flat and rubbled right now and to imagine that at some point tall glass towers and restaurants and shops,” said Geoff Durham, executive director of Downtown Durham Inc.Read More
Charlotte-based CitiSculpt is betting big that people in the Carolinas want to live and work closer to city centers. I sat down with CitiSculpt co-founder and managing partner Charles Lindsey McAlpine to talk about the firm’s projects in Charlotte, Durham and across North Carolina and South Carolina. The firm is developing or planning hundreds of apartments, as well as office buildings and a mixed-use development that could top $400 million worth of investment.Read More
Charlotte-based CitiSculpt is planning to build an ambitious project on a 12.1-acre parcel in downtown Durham, with apartments, offices and maybe a corporate headquarters slated for the site. CitiSculpt, which is also building an office building and apartment complex on West Morehead Street in Charlotte, plans to start demolition soon on the Durham site, a former car dealership.
With the recent sale of two former car dealerships near American Tobacco Campus, downtown Durham is poised to enter a new phase in its ongoing transformation. Encompassing about 18 acres directly southeast of the Durham Bulls Athletic Park, the land is a blank canvas where developers plan to invest hundreds of millions of dollars building a mix of office towers, apartments, retail and hotels.Read More
Charlotte-based CitiSculpt is planning to build an ambitious project on a 12.1-acre parcel in downtown Durham, with apartments, offices and maybe a corporate headquarters slated for the site. In the first phase of development, CitiSculpt plans to build 300 units of multifamily housing, near the Durham Bulls stadium. Construction should begin in the next few months.Read More
A local developer has big plans for West Morehead Street near Freedom Drive -- hoping the area that’s lined with vacant buildings and empty lots could become the next NoDa. Developer Lindsey McAlpine’s group, CitiSculpt, owns 6acres of land in the area, just a few blocks from Bank of America Stadium. The group wants to transform the old industrial corridor into an area they call Stadium West.Read More
A Charlotte developer has paid $5 million for a 12.1-acre site adjacent to the Durham Bulls Athletic Park in downtown Durham, according to property records. CitiSculpt acquired the site, a former car dealership, from Hendrick Automotive Group. The company announced this week that it plans to invest as much as $400 million in a project that would include a mix of office, retail, one or more hotels and apartments.Read More
A new real estate player to the Triangle market is making a big play in downtown Durham, and he made it official with deed records posted late Monday. Charlotte developer Charles "Lindsey" McAlpine, co-founder of the development firm CitiSculpt, confirms that his company has purchased for $5 million the former Hendrick Automotive-owned Durham Auto Mall site that's two blocks from the Durham Bulls baseball stadium and a major gateway into downtown Durham from the Durham Freeway.
The West Morehead corridor is popping these days, and a Charlotte developer plans to add to the boomlet with a 283-unit apartment complex planning to break ground in mid-summer. Southern Apartment Group - a subsidiary of CitiSculpt - bought the land at West Morehead and Summit Streets in 2013 and 2014. The two parcels total a bit more than 3 acres. Lindsey McAlpine, CitiSculpt's managing partner, said the company has already started early work on the site.Read More
CitiSculpt and The Knox Group are planning a new Midtown office and retail development at the intersection of I-77 and West Morehead Street, adjacent to the Uptown neighborhood of FreeMoreWest. Currently in the design phase, the project will have approximately 70,000 square feet of office and street level retail space when complete. Construction is scheduled to begin later this year.Read More