Margaritas Mexican restaurant has nabbed an end-cap space at ReaFarms in south Charlotte.
That 4,220-square-foot space marks the third location for Margaritas, building on restaurants in Indian Land and Fort Mill, South Carolina.
It dishes up a lunch and dinner, with a menu including burritos, enchiladas, fajitas and other specialties. House-made guacamole and hand-crafted margaritas round out the menu.
Margaritas is targeting a May opening.
Four other retailers also have snagged space at that mixed-use center.
That list includes Massage Envy, which has leased 2,600 square feet next to the Improper Pig. That location — the sixth for the brand in the Charlotte market — will provide therapeutic massage and skin care.
It is expected to open in the coming weeks.
Restore Hyper Wellness + Cryotherapy will open its third Charlotte-area location. It has leased 2,800 square feet. The franchise’s wellness services include whole body cryotherapy, compression therapy, stretch therapy, Cryoskin and cryofacials, hyperbaric oxygen therapy, infrared saunas, IV drip therapy and micronutrient testing.
AT&T has taken 2,800 square feet at the entrance to the development off Ardrey Kell Road. That store is owned and operated by AT&T Authorized Retailer Anika Wireless Inc. It offers a full range of communications, entertainment and other wireless technology solutions.
And Sharonview Federal Credit Union opened a 1,600-square-footcenter in November.
Rea Farms is a master-planned development on the former Charlotte Golf Links course near the intersection of Interstate 485 and Providence Road.
The 188-acre property, at full build out, will contain retail and office space, a Life Time Fitness, apartments, for-sale homes, a Hyatt House hotel, senior housing and a magnet school.
Lincoln Harris is the master developer of Rea Farms along with the Rea family and Greg Currie, who developed Charlotte Golf Links.
RF Retail LLC, affiliated with Charlotte-based investment manager Barings, acquired on behalf of an institutional investor about 182,000 square feet of retail space at Rea Farms for $68 million in July 2019.
“Despite the current challenges in the market, Rea Farms has seen significant activity due to its ideal location and community-inspired design,” says Cassie McCrain, managing director for real estate asset management at Barings.
The Mexican restaurant concept that started in Indian Land and Fort Mill, South Carolina, is moving to Charlotte with a 4,220-square-foot location at Rea Farms. Look for a big menu of Mexican favorites, such as fajitas, burritos and enchiladas. It joins several new tenants in the development that’s managed by Lincoln Harris and Charlotte-based global asset manager Barings, including Restore Hyper Wellness + Cryotherapy.
When it comes to growth, one of Charlotte’s biggest developers is betting big on the city’s suburban markets.
But Johnny Harris, CEO of Lincoln Harris, isn’t thinking about single-family subdivisions. He’s counting on dense, mixed-use developments mixing houses, apartments, office buildings, shops and restaurants, sprinkled around Charlotte’s periphery and outlying areas.
“I’m not sure any of us working on it really understood the strength of the market…The young people want to be able to live, work and play in the same place,” said Harris, whose company is wrapping up development on the first phase of Rea Farms in southeast Charlotte.
One of the hottest trends in development right now is suburban shopping with an urban feel. South Charlotte will soon be saying hello to the latest iteration — Rea Farms.
Developer Lincoln Harris describes the 188-acre project alternately as its own little town and a “true destination.” By the end of the summer, they expect thousands of people to live, work, play and shop at Rea Farms — the urban planner’s dream.