05 Aug Catellus Group has purchased site for the future Worthington Hotel
An affiliate of Catellus Group called Worthington Partners purchased the property, located at the northwest corner of East Worthington Avenue and Cleveland Avenue, for $2.5 million last month.
Catellus Group won a rezoning in March for the property, where the firm is planning a full-service, upscale hotel with amenities such as a sixth-floor restaurant with skyline views plus a courtyard and pool.
Catellus, headed by CEO Stephen Barker, has its headquarters on the same block, in a Charleston-style row house at 217 E. Tremont Ave. Ben Cassarino, president of Catellus Group, says the firm is still in the planning stage and doesn’t have a set construction date at this point.
Josh Beaver of The Nichols Co. represented Catellus on the purchase.
Article by: Will Boye for The Charlotte Business Journal
For full article go to: http://www.bizjournals.com/charlotte/blog/real_estate/2014/08/catellus-group-purchases-dilworth-site-for.html?ana=e_du_pub&s=article_du&ed=2014-08-04&u=nhDuY3b3EvqxnjLliRUAWA0af320f8&t=1407187746&r=full