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HDP Announces Developer for 16 acre site in Dilworth

October 19, 2016

(October 19, 2016 - CHARLOTTE, NC)Horizon Development Properties (HDP), Inc., is pleased to announce its selection of The Fallon Company to serve as the Master Developer for redevelopment of the 16.2 acre Strawn Cottages site. The project site, situated immediately adjacent to South End in the Dilworth neighborhood, offers one of the largest fully entitled, transit oriented development sites in the region due to its close proximity to Charlotte’s Central Business District, numerous transit, trail and highway connections.  With this project, HDP is signaling a paradigm shift in how developers can and should approach development opportunities that includes housing for Charlotte’s workforce in a mixed use environment.  Once completed, the new $330 million mixed-use mixed-income development will feature:


  • 725 new mixed-income apartments (145 of the 725 apartments will be affordable);
  • 20 units of for-sale townhomes;
  • Approximately 57,000 SF of retail space;
  • Approximately 330,000 SF of office space;
  • Hotel featuring approximately 180-rooms


“HDP is excited about The Fallon Company’s vision that will create an ‘inclusive housing strategy’ within a dynamic mixed use community,” said HDP CEO A. Fulton Meachem Jr.  “The Fallon Company will ensure that HDP’s goal of providing 20% of the new rental apartments are affordable to families earning between 65-80% of the area median income, becomes a reality. Our model is an essential smart growth strategy that can be duplicated all over our great city.”


Experts in master planning and urban design, The Fallon Company, established by Founder & CEO Joseph F. Fallon in 1993 and headquartered in Boston, Massachusetts, has successfully developed billions of dollars of mixed-use real estate, and has earned a reputation for transforming neighborhoods throughout the Northeast into exceptional environments that offer best-in-class residential and commercial experiences. Managing Director Michael Fallon will oversee all of The Fallon Company’s efforts in Charlotte and throughout the Southeast.


“Charlotte is one of the fastest growing real estate markets in the country and we’re proud to contribute to its evolution and vitality as master developer of the Strawn project,” said Michael Fallon. “Both HDP and the City of Charlotte recognized the site’s potential many years ago, and we look forward to working together to create new opportunities for area residents and businesses as we bring the shared vision for a dynamic mixed-use neighborhood at Strawn to life.” 


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