The second of two planned hotel sites at Crescent Communities’ mixed-use development project in uptown Charlotte has been acquired. Mayfair Street Partners purchased a 0.4-acre site on the block where Crescent’s apartments, 47,000-square-foot Whole Foods Market and parking deck have already topped out. Mayfair Street Partners acquired the site for $4,500,000 on August 30th.

Kurt Schoenhoff, with Selwyn Property Group, represented both Mayfair Street Partners and Crescent Communities in the land transaction. MSP plans to develop a 10-story, 181-room hotel on the site in a joint venture with Sefira Capital, a real estate private equity group based in North Miami Beach, Florida.

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