ROI Realty Partners- Development Update: Commonwealth

[Kasey Hardt]

🚨 BIG NEWS for Plaza Midwood! 🚨

The Commonwealth development is bringing a major transformation to the heart of Charlotte! 🏙️✨ This 12-acre, multi-phase project is set to introduce:

✅ Luxury Living – A 383-unit apartment community & boutique hotel

✅ Business & Retail Hub – Over 400,000 sq. ft. of office space & a variety of restaurants, shops, and fitness studios

✅ Pedestrian-Friendly Spaces – Green areas, public art, and a vibrant "main street" atmosphere

✅ Historic Charm Meets Modern Growth – Two historic brick mill buildings will be seamlessly integrated into the design

🏡 Market Insights:

📈 Avg. Home Price in 28205: $612,482 (+4.2% YoY)

🏠 Avg. Rent Price: $2,023

With residents already moving in and retailers like Uchi, Van Leeuwen Ice Cream, The Salty Donut, Solidcore, and Lucchese opening, Plaza Midwood is about to be even more 🔥!