The Fold at Savona
Charlotte NC Unanchored Retail / Showroom
Marketing description
The Fold at Savona Mill benefits from its strategic location within the thriving Charlotte Metropolitan Statistical Area (MSA), a dynamic 10-county region in southeast North Carolina. Charlotte is a coveted investment market due to its robust population growth, a diverse and resilient economy, and a strong track record of job creation fueled by business-friendly legislation and a vibrant cultural scene.
In 2023, Charlotte's economic performance outpaced the national average, with job growth reaching an impressive 3.1%, significantly exceeding the national rate of 1.9%. This strong economic momentum is further supported by a steadily increasing population, with the MSA experiencing significant net migration, particularly from northern states, contributing to high demand for housing and commercial spaces. The city's robust financial sector, anchored by major banking institutions, and its expanding technology and healthcare industries contribute to its diversified economic base, bolstering long-term investment prospects and solidifying Charlotte's position as a premier investment destination in the Southeast.
Investment highlights
- Renovated 9,843 SF Owner User Opportunity with surface parking
- Opportunity Zone - Tax Incentives
- Brownfield Tax Benefits - Environmental Incentives
- IMU (Innovation Mixed-Use) Zoning
- Adjacent to $70M Savona Mill redevelopment with 180,000 SF office, 20,000 SF retail, and 30K SF food hall (expected 2027)
- 10-Minute Drive to Uptown Charlotte
- Stewart Creek Greenway access
- Vera at Savona Mill (Phase 1) - 319 units delivered 2024
- Future Phase 2 - 330 additional units slated for 2026
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