Starwood announces $50 million investment

Charlotte, N.C. -- Starwood Retail Partners announced a $50 million investment in an 11-acre parcel adjacent to Northlake Mall in Charlotte, North Carolina. The company plans to build a 200,000-sq. ft. lifestyle component complementing the existing two-story mall. Construction is set to begin by early 2017.



The project will include retail, dining, entertainment, landscaping, parking and pedestrian friendly areas.



“Starwood Retail Partners is pleased to be expanding Northlake Mall; this investment allows us to complete the vision that was proposed for Northlake 10 years ago,” says Scott Wolstein, Starwood Retail Partners CEO. “The new development will be designed to include home furnishings, full service and express restaurants as well as entertainment concepts and services.”