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Deals & Dealmakers

Third & Urban, Partners Reveal New Brand for “The Pass” in Charlotte’s NoDa Neighborhood

Atlanta-based developer Third & Urban today unveiled the branding for The Pass, a new adaptive reuse project located in Charlotte’s NoDa neighborhood that will feature over 260,000 square feet of creative office, retail, and upscale multifamily delivered in multiple phases.

“By embracing the overpass that runs directly through the center of the project, The Pass has been carefully designed to bring energy and life to the surrounding areas,” said Caleb Brenneman, Director, Third & Urban. “Third & Urban, alongside our partners PGIM Real Estate and Blueprint Local, is thrilled to bring this large-scale adaptive reuse project to the submarket, and we’re committed to preserving the character and architectural features of the original buildings, while thoughtfully modernizing the site.”

Located at 4100 and 4212 Raleigh Street in the popular NoDa arts district, The Pass is directly on the light rail at Sugar Creek Station and is just one stop away from downtown NoDa. Joining Third & Urban as capital partners for the project are PGIM Real Estate and Blueprint Local.

The first phase – named Pass41 – will incorporate 86,000 square feet of office and retail and is expected to deliver in the first quarter of next year. Construction is anticipated to begin within the next month. The second phase of the project will feature 330+ multifamily units expected to be complete in the third quarter of 2024. Future phases include Pass42, with 120,000 square feet of commercial space, and Pass43, which will incorporate an additional 60,000 – 80,000 square feet of commercial space.

Until recently, the property featured older warehouse buildings and vacant land. Third & Urban has extensive experience in the development of adaptive reuse projects, with a portfolio in excess of 1.2 million square feet throughout the southeast, including the recently completed Lower Tuck office and retail project on the west side of Charlotte.

Foundry Commercial is handling management and office leasing at The Pass on behalf of Third & Urban; Thrift Commercial is handling retail leasing. The project team also includes architect Odell Associates Inc. and general contractor Gay Construction. For office leasing inquiries at The Pass, contact Foundry Commercial’s Karah Tanneberger or Claiborne Dandridge at 704-523-0272. For retail inquiries, contact Charles Thrift or Cliff Benson of Thrift Commercial at 704-989-5476. For project updates, follow @thepassclt on Instagram.

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