New Scout HQ to add more office space in Plaza Midwood

Plus: Checking out The River District; Prolific Charlotte investor picks up more real estate in hot neighborhoods; Tower coming soon across from The Pearl?

Today’s Real Estate Whispers is sponsored by The McIntosh Law Firm. At The McIntosh Law Firm, we offer experienced legal guidance in real estate development, property revaluation appeals, government relations, land use, estate planning, and business law—helping clients navigate complex legal and regulatory challenges.

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Welcome back to our weekly roundup of the latest cheat sheet on real estate and development news in Charlotte. In case you’re new here, Charlotte Commercial Real Estate Whispers is where I’m spilling the tea on transactions, rezonings, projects and market intelligence across the Queen City. Got a tip on a deal, a development or a debacle? Drop me a note at ashley@cltledger.com.

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In today’s edition:

1. What’s to come at Scout’s HQ site in Plaza Midwood

2. Sneak peek inside Scout’s new offices

3. What’s up next at The River District

4. Investor buys prime real estate in Plaza Midwood and Elizabeth

5. Northwood Ravin is plotting a tower near The Pearl

6. And a wrap-up of land deals and real estate news, from us and other sources

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Automaker’s HQ move will rev up more development in Plaza Midwood; 2nd office building to start ‘immediately’ at Commonwealth

This rendering shows what the future Scout Motors headquarters campus in Plaza Midwood could eventually look like. (Rendering courtesy of Scout Motors)

There was a time I would have been shocked to hear a major corporate headquarters was going to gritty Plaza Midwood — but Scout Motors is, in fact, putting its home base and, eventually, 1,200 employees in a site that’s become the central node of the neighborhood.

Scout will fully occupy the already finished main office building at Commonwealth, the 12-acre overhaul of a former strip center and massive surface parking lot at Pecan and Central avenues. The 145,000 sq. ft. office building wrapped construction earlier this year.

Scout can start upfitting its space in that building as soon as it wants, according to Bobby Speir, senior vice president of mixed-use investment at Crosland Southeast, the project’s lead developer alongside Nuveen. But it won’t be large enough to accommodate Scout’s (eventual) goal of having 1,200 employees in Charlotte.