8 most anticipated Charlotte developments of 2025
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A construction site on Charlotte's North Davidson Street. Photo: Alexandria Sands/Axios
Development has slowed across the Charlotte region, but a handful of transformational projects are still expected to break ground in 2025.
Why it matters: So many new housing and office developments have been built in recent years that supply has outpaced demand. Many cranes that once filled the sky were taken down and haven't yet gone back up. But Charlotte is still growing, and newcomers need places to live and work.
- Developers breaking ground in the coming year hope this risk will give them an edge.
Editor's note: This list doesn't include all the developments happening across Charlotte — just some of the most impactful ones are getting off the ground soon.
- Other game-changing construction projects underway include The Pearl, Queensbridge Collective, Eastland Yards, Commonwealth, The River District and The Pass.
Iron District
The Iron District is 55 currently industrial acres on West Morehead, where until recently Charlotte Pipe operated. In the coming years, it will transform into a destination that's more on par with its South End surroundings.
- The first phase will include a 150-room hotel, 500 residential units, 100,000 square feet of retail space, 150,000 square feet of office and more than 1,200 parking spaces.
- Charlotte Pipe this year named Dallas firm Trammell Crow Company as the lead developer for the northernmost 12 acres.
Timeline: "Trammell Crow is currently in their due diligence phase and infrastructure development should begin in 2025," says Charlotte Pipe spokesperson Bradford Muller.
- Construction on the first phase is expected to take two years.
Why it matters: This much developable land in such a prime location is hard to come by. The site is along the Silver Line route, a future light rail, close to Bank of America Stadium.
Centre South
Boston developer The Fallon Company has long planned to build apartments and other uses on an open field off South Boulevard. After years of delay, momentum is growing behind the project, known as Centre South.
- The first phase will include a 329-unit apartment building with affordable housing. The Fallon Company is partnering with Inlivian, Charlotte's housing authority.
- The 16.7-acre site on the edge of Dilworth is permitted for up to 975 residential units, including 21 townhomes, 405,000 square feet of office space, 36,000 square feet of retail and a 180-key hotel.
Timeline: The Fallon Company CEO Michael Fallon says they're awaiting final permits and will move forward with financing. The hope is to break ground in 2025.
Why it matters: Low-income senior housing was demolished to make way for this project. Years later, those units have not been replaced. Centre South has yet to accomplish its goal of generating revenue for Inlivian, as WFAE reported.
Dilworth luxury high-rise
Tyber Creek regulars shed a tear when this corner at South Boulevard and Tremont Avenue was cleared in 2024. But it came as no surprise: Nashville developer Southern Land Company has long planned a 300-unit luxury high-rise for the site.
Timeline: Construction is projected to begin in spring 2025, Southern Land Company tells Axios.
Why it matters: South Boulevard has become a corridor of towers over the last decade. The next one to rise will include space for Tyber Creek's owners to build out a new restaurant. Tyber Creek is relocating to Mint Street.
- Also on the site was a historic grocery store building. Tonidandel-Brown Restaurant Group — the restaurateurs behind Supperland — relocated the Leeper Wyatt Building in 2024 and may turn it into a restaurant one day. The building would have been demolished otherwise.
Metropolitan apartments
Northwood Ravin has started construction on a 27-story, 283-unit luxury residential tower next to the Metropolitan, the complex that houses Trader Joe's.
Timeline: Ground broke in 2023 and is slated to be completed in late fall 2026.
Why it matters: Midtown is getting taller and taller as the growth from Uptown expands outward.
- Northwood Ravin is also progressing on a 157-unit "boutique tower" on Tremont Avenue in South End. It'll finish in late 2025.
Carson & Tryon
Charlotte developer Crescent Communities is expected to start work on a long-awaited, 31-story mixed-use tower this coming year. It'll rise where the Enterprise Rent-A-Car is in South End.
- The tower, known as Carson & Tryon, will have around 200 apartments, a 200-room hotel, 565,000 square feet of office space with balconies, and 10,000 square feet of ground-level retail.
Timeline: There's no confirmed timeline, but Crescent's Sagar Rathie tells Axios he feels confident about the development's progress in 2025. Construction should take roughly three years.
- "There's a ton of interest and momentum behind it," Rathie says. "Fortunately, as the capital markets seem to be improving, and this momentum picks up, I think we're in a really good position for next year."
Why it matters: Demand for office has sunk since the pandemic. Carson & Tryon would be Charlotte's next big office tower amid an office construction dry spell.
- Charlotte Business Journal reported, citing sources, that law firm Moore & Van Allen will relocate from Uptown to anchor the tower.
VeLa Uptown
VeLa Uptown will be a 38-story tower where the Levine Museum of the New South building was in Uptown. It'll house 412 units with amenities like a dog spa, club room, fitness center, resort-style pool and spa, and co-working space.
- Plus, there will be 4,000 square feet of retail space.
Timeline: Construction is anticipated to start in 2025, a spokesperson tells Axios.
Why it matters: A snazzy apartment tower breaking ground would be another "Uptown is back" moment, signaling renewed interest in center city.
- Since the pandemic, Uptown planners have increasingly acknowledged a need for more retail and residential and less reliance on office.
- Details for VeLa Uptown were originally unveiled in 2022, with construction expected to start in 2023. But like many other projects, it's been delayed.
Providence Square
Levine Properties and Northwood Ravin are beginning the work to transform 105 acres in south Charlotte, off Providence Road and Sardis Lane.
- The plan for "Providence Square" includes 100,000 square feet of grocery, 80,000 square feet of retail, 45,000 square feet of office, 220 townhomes and 1,529 multi-family units.
- Levine Properties will build 100 units targeting households earning 80% of the average median income and eight units for households earning up to 60% of the average median income.
Timeline: Demolition is complete. Site work will start in 2025, with the first phase completed in 2027, says Levine Properties' spokesperson Colleen Brannan.
Why it matters: The city believes Providence Square will be of such public benefit that it agreed this month to $6.87 million in tax incentives. The developers will donate 4.4 acres for a park and make traffic and other infrastructure improvements.
- The county will vote early next year on $12.12 million in incentives.
Brooklyn & Church
One of Uptown's many vacant office buildings is slated to turn into a 448-unit apartment tower with 55,000 square feet of pedestrian-inviting, ground-floor retail.
- Charlotte-based Asana Partners and Washington, D.C.-based MRP Realty are behind the conversion of the old 70s-era Duke Energy headquarters.
Timeline: If construction begins soon, it could finish by late 2026.
Why it matters: The $250 million Brooklyn & Church project next to Bank of America Stadium would bring new life to a drab, gray block of Uptown that should be livelier than it is.