#Abacus capital group full#

McAdams continued, “With its synergistic parking strategy, The Quarter should be able to offer prospective commercial tenants attractive above-market parking ratios while the multifamily component’s surface parking program, in what has become an otherwise structure-parked South End submarket, should ensure a value-oriented price point for the benefit of future prospective residents.”

#Abacus capital group full#

Upon full buildout and delivery in mid-2023, The Quarter South End will include the single largest collection of adaptively reused creative commercial space in Charlotte’s South End, able to accommodate corporate users sized from 25,000 to 77,000 SF in a single authentic and curated facility,” said Wes McAdams, Managing Partner of Charlotte-based Abacus Capital. “Abacus and its partners are thrilled to be expanding our Quarter South End creative micro-district to now comprise over 15 acres and encompass a full city block in one of the most dynamic and investible submarkets in the country. Cathcart continued, “We believe an apartment community in The Quarter will complement the creative office project and will generate a vibrant live-work-play district close to everything Charlotte’s South End has to offer.” “We are excited to bolt this multifamily development onto a one-of-a-kind commercial redevelopment in one of the most exciting markets in the country,” said FCP Vice President, Alex Cathcart. More information about the project can be found at.

The Quarter’s nearly 150,000 square feet of redeveloped commercial space along Toomey Avenue will, when completed, offer tenants a first-generation, Class A creative commercial environment with 18–24-foot ceilings, expansive window lines, and an exposed brick and steel beam aesthetic in one of the most dynamic submarkets in the Southeastern US. The final commercial phase of the The Quarter, consisting of 2213 Toomey and 2320 Toomey, is anticipated to commence later this fall and deliver in late Q1 2022. Scheduled to deliver by year-end, 2218 Toomey is a 25,000 square foot adaptive reuse office redevelopment of an existing midcentury warehouse building. Construction on the multifamily phase of The Quarter is scheduled to begin later this year and deliver in phases in early/mid-2023.Ĭoncurrent with the multifamily land closing, the venture is pleased to announce the commencement of construction at 2218 Toomey Avenue.

The latest acquisition will be the site for a ground-up multifamily development that will include 306 apartments and 5,900 square feet of ground floor retail space in four-story, surface-parked buildings.

Land Closings for Multifamily Development Set the Stage for 15-Acre Mixed-Use DistrictįCP®, with JV partners Abacus Capital (Abacus) and Big Cypress Capital (Big Cypress), has closed on a 6.7-acre land assemblage that includes 704 West Tremont and 2207-2315 Toomey Avenue for $10.6 million, expanding the venture’s assemblage for the 15-acre mixed-use creative district branded The Quarter South End in Charlotte, NC. Chevy Chase, MD JFCP, ABACUS CAPITAL & BIG CYPRESS CAPITAL EXPAND ASSEMBLAGE FOR THE QUARTER SOUTH END IN CHARLOTTE, NCįCP, ABACUS CAPITAL AND BIG CYPRESS CAPITAL EXPAND ASSEMBLAGE FOR THE QUARTER SOUTH END CONSTRUCTION STARTS ON 2218 TOOMEY AVENUE ADAPTIVE REUSE