A new phase of construction at Pappas Properties’ Berewick Town Center in south Charlotte is underway.
Charlotte-based Taylor Capital broke ground last month on Berewick II, a 5,100-square-foot medical office building at 8705 Rachel Freeman Way.
Wright Varn, director of business development at Fourth Elm Construction, said site work began in early June and crews should start vertical construction in the next four to six weeks. The project is expected to deliver in October.
Fourth Elm is the general contractor on the project. Playbook Management is the project manager. Ragona Architecture & Design is the architect, and V3 Southeast is the civil engineer.
“Taylor Capital has recognized real opportunity here in the Charlotte market and has done a great job on these kinds of real estate plays,” Varn said.
Rob Taylor, managing partner at Taylor Capital, said the firm is investing about $3 million into the building’s construction. Taylor Capital is in late-stage negotiations with a major local health-care provider to lease Berewick II, he said.
The firm is currently wrapping up construction on another medical office building at the development. Berewick I is an 8,500-square-foot medical office building at Brodie Lake and Rachel Freeman Way. Novant Health Primary Care is leasing the building.
“We deliver amenity-rich medical office product, and our goal is to work with medical groups that are patient-focused,” Taylor said. “We look at acquiring properties all around Charlotte that provide that, and it starts with not just having highly amenitized buildings but amenities in the surrounding community. Berewick is a classic example of that.”
Berewick Town Center currently has 78,000 square feet of retail space, 773 apartments, a 130-room hotel and 16,000 square feet of medical office space. It’s located at 4820 Berewick Town Center Drive. Charlotte-based Pappas Properties is the project’s master developer.
Taylor said demand in the Charlotte market for high-quality medical office is high and will remain so.
“Berewick really is a project that is driven by the demand we see now as well as into the future,” he said. “There is tremendous demand for medical space, especially all around the 485 corridor, so we listen to tenants and they tell us, ultimately, what they’re looking for.”
Taylor Capital is also the developer behind a $45 million sports medicine center that’s under construction now at 11415 Golf Links Drive in Lincoln’s Rea Farms development. Carolina Sports Medicine Center will be a 71,000-square-foot, professional-level facility set to deliver in 2026. Carolina NeuroSurgery & Spine will anchor the project, leasing 27,500 square feet.