A wholly-owned subsidiary of developer Small Brothers, LLC, based in Naples, Florida, has contracted Cleveland Construction, Inc.’s Charlotte branch to complete The Park condo tower after acquiring the property from BB Syndication Services at a silent auction held on July 22, 2009.
The Park, a 21-story, 106-unit luxury tower at Caldwell and Third streets is currently 70 percent complete. Construction work has been frozen at the site since January 2008. The Park is still missing its exterior skin and has been exposed to weather and vandals.
This week and next, the developer's management team and construction crews will be on site assessing the building's condition, particularly any damage that resulted from its exposure to the elements. Crews will make sure the site is secure and then begin working with architects, engineers and others on the plans. Company officials will meet with city officials in coming weeks to discuss scheduling.
“We are very excited to complete the project as quickly as possible.” said Small Brother’s partner Mark Small. “We feel the location of the project is a critical component to the continued success of the city because of its strategic location to the NASCAR Hall of Fame and will enhance the downtown redevelopment.”
Construction is scheduled to begin within 6 months.