Faison & Associates LLC — the Charlotte, N.C.-based company whose Demonbreun-FCA subsidiary is expected to develop a key parcel on the Music Row Roundabout — offers a mixed-bag history of developing urban properties.
Earlier this week, Demonbreun-FCA paid $6.75 million for the 3-acre site at 1515 Demonbreun St. The seller was Houston-based The Lionstone Group. Faison’s website is limited in specificity but references projects “from Washington, D.C., to Florida.” Not surprisingly, Charlotte is the key city of focus, with Faison most recently announcing a sleek-looking luxury apartment development near Uptown’s Johnson and Wales campus (see rendering above).
The site includes a handful of other contemporary and urban buildings. In contrast, Faison has undertaken various suburban strip mall projects, none of which — based on a quick scan of the website – look distinctive. See here.
Henry J. Faison serves as company chairman and founder and is a member of the Urban Land Institute — a good thing, on paper, as it relates to urban development.