A new 30-story tower will go up where Price’s Chicken Coop operated for nearly six decades in South End.
What’s happening: Charlotte-based Catalyst Capital Partners is partnering with developer Stiles to build an “ultra-luxury” apartment tower at a site that includes 1600 and 1614 Camden, formerly home to the iconic chicken joint Price’s.
The tower will have 300,000 rentable square feet with 291 apartment units, the developers said in a statement Tuesday.
- The building will include 9,500 square feet of retail and restaurant space.
- Additionally, it’ll have about 10,000 square feet of office space that Catalyst will eventually occupy.
- Construction is expected to start in the third quarter of 2022.
- The property will include studio, one-, two- and three-bedroom floor plans.
Flashback: Price’s, which opened in 1962 changed very little over the years before closing last summer. The cash-only spot was a longtime favorite of corporate types and textile workers, drawing big names like Cam Newton and Jay Leno over the years, as I reported for the Observer.
Surrounded by sleek new offices and chain restaurants, Price’s wa one of the las holdouts in South End.
- Over the years, the neighborhood has lost spots like Mr. K’s, Phat Burrito and the original Amos Southend (it later reopened in a smaller spot).
For years, owner Steven Price rejected developers’ offers to buy his prominent property. In deciding to close up shop, Price cited the labor and coin shortage, as well as rising food costs, as Axios’ Paige Hopkins reported last summer.
What they’re saying: “This community will be incredibly well-suited to support the tremendous job growth in the immediate area, and we expect it to set a new standard for luxury living in Charlotte,” said Stiles Residential Group president Jeff McDonough.
Of note: Nearby, Stiles i partnering wit real estate firm Shorenstein on 110 East, a 23-story office tower at the East/West Station in South End. That property is currently a parking lot behind the Manchester.
Nashville-based Hastings Architecture will work on the 30-story apartment project. It’ll also handle interior design. LandDesign is the civil engineer and landscape architect on the project.