Real estate notes: Charlotte's Hostess Building to be 'reinvented'

Also: Florida firm buys apartments

The former Hostess building at 42nd and Charlotte avenues has sold to Commercial Realty Services, the Mt. Juliet company responsible for, among other things, the Providence MarketPlace in Wilson County.

According to an interview with a Charlotte Avenue blog, CRS' Will Tyner said the company plans an adaptive re-use of the abandoned Hostess property, with a 1,000-square-foot expansion. Plans for the project — available in PDF form here — indicate four tenant spaces with a 30-space parking lot.

"We believe there is going to be a number of redevelopment opportunities along the Charlotte corridor over the next few years and that as the affluence and population of the area continues to rise you will see a demand for much more commercial space. The growth in the Sylvan Park, Sylvan Heights, and Nations neighborhoods are already creating demand for more neighborhood restaurants, retail, and other commercial uses," Tyner told the blog.

Here are views of the planned project, first from Charlotte, then from 42nd.


boro Road apartments sell for $6.4M

Altamont Pointe Apartments, on Murfreesboro Road near the I-24/I-40 interchange, sold this week for $6.4 million. Florida's G&C Altamont Investors made the purchase from Altamont Pointe Apartments LLC, which paid $7.3 million in 2008.