The owner of CrossRidge Center is putting $150 million into the retail portion of its 190-acre development in Indian Land, South Carolina.
The project, about 30 minutes south of Charlotte, will feature 270,000 square feet of retail, restaurant and entertainment space on the south side of the property, the Charlotte Business Journal reported.
Started in 2018, CrossRidge Center is owned by CrossRidge Development, whose CEO is David Cerullo, a pentecostal minister and televangelist who promotes prosperity doctrine. The development is adjacent to the headquarters of Cerullo’s TV station INSP.
It neighbors the Exchange at Indian Land, which was developed by Crossland Southeast and will soon be home to major retailers Costco and Lowes Foods.
Leasing efforts have surged following the announcement of Target as CrossRidge Center’s anchor tenant, securing 147,000 square feet for the retailer’s latest prototype.
The development, slated for completion by early 2026, will offer office space, retail and restaurants, along with amenities such as an amphitheater, walking trails, splash pads and green spaces.
JLL’s Lindsay Stafford and Margot Bizon are tasked with leasing the complex. Phase one, scheduled to commence in June, will introduce 28,200 square feet of restaurant and retail space. Phase two, set for a 2025 opening, will add 35,600 square feet, featuring upscale dining options and a brewery with outdoor seating.
With approximately 30 tenant spaces available, excluding Target and outparcels, the center aims to attract a regional audience, drawing from Charlotte, as well as Waxhaw and Fort Mill, South Carolina.
Construction on subsequent phases, totaling 150,000 square feet of retail and dining space, is scheduled to last through 2026. In addition, discussions are underway for four outparcels, with premier brands expressing interest in joining the development, the outlet said.
On the north side of CrossRidge, plans call for more than 240,000 square feet of Class A office space and 300 multifamily units. The Indian Land YMCA, spanning 75,000 square feet, further enhances the community-centric vision.
—Quinn Donoghue
Read more
Commercial
Charlotte
Charlotte’s development pipeline is slowing
Residential
Charlotte
TriBridge to add apartments, townhomes to Loray Mill