CAVU Resources Inc (CAVR)

[jlee3]

https://www.charlotteobserver.com/news/business/biz-columns-blogs/development/article247407935.html

“The site that’s home to the Peculiar Rabbit restaurant, as well as several businesses next door, is slated to become residential units.

Rusty Gibbs, broker for The Nichols Company who represented owner Rob Nixon, told the Observer in July that the property was under contract with Sinacori Builders.

Sinacori filed a rezoning petition with the city in late June to accommodate a “transit-oriented development.” Emma Littlejohn, a consultant working with Sinacori, said they are still finalizing the plans for the site, and are meeting with neighbors and nearby property owners to seek feedback.

The closing of the sale will depend on the timeline for the rezoning, she said.

Sinacori is studying whether to build condos or apartments, Littlejohn said. And she said they are considering putting retail on the ground floor, and are in conversations with Nixon to keep some of his businesses on the site.

“The vibrancy of that neighborhood is so attractive and we want to support that,” she said.”

This article gives an update on the property Sinacori Builders went into contract on in July—

https://www.globenewswire.com/news-release/2020/07/09/2060189/0/en/CAVU-Resources-Sinacori-Builders-Continues-Making-Headlines-Secures-Key-26-000-Square-Foot-Charlotte-Site-in-Multimillion-Dollar-Deal.html