'Located steps from the best retail amenities South End has to offer, in an urban location with the parking ratio of a suburban project, we are excited to see The Quarter South End's pandemic-responsive design and value-oriented rental rate price point validated by such a high-quality space occupier as Clancy & Theys.'įCP, Abacus and Big Cypress extend their appreciation to Bryan White, Jim Thorp, Jaime Boast and Conor Brennan of JLL for their representation of Clancy & Theys and to Foundry Commercial's John Ball and Claiborne Dandridge for their work on behalf of the venture. 'Abacus Capital is pleased to partner with Clancy & Theys around their new office location in the Charlotte market,' said Wes McAdams, managing partner at Abacus Capital. The multifamily phase of The Quarter South End is anticipated to deliver in late 2023. The partners anticipate delivering the creative office assets in phases over 2022 commencing with 22EIGHTEEN Toomey in late Q1. Clancy & Theys has been selected as the general contractor for the development. The community will offer residents seeking convenient, transit-friendly, walkable apartments, luxury one-, two- and three-bedroom options in a Class A building. The venture is also announcing the groundbreaking for the ground-up development of a 306-unit surface-parked luxury apartment community with 5,900 square feet of ground floor retail space. The Quarter South End adaptive reuse buildings offer tenants a range of available spaces from 5,000 square feet to 77,000 square feet. In addition to the in-process development underway at 22EIGHTEEN, development activity within the 15-acre mixed-use creative district has accelerated over the past month with construction now underway on 23TWENTY Toomey, a 77,362-square-foot adaptive reuse redevelopment of an existing mid-century warehouse building into a 21 st-century creative commercial asset.Īlso, construction of the final commercial phase of The Quarter will begin this month with the start of 22THIRTEEN Toomey, an adaptive reuse office redevelopment that will offer office and retail space. We're confident 22EIGHTEEN will inspire the creativity and camaraderie that Clancy & Theys is known for, and we're looking forward to this next chapter of growth.' 'With many of our employees spending the majority of their time at project sites, we were looking for a well-located and highly amenitized space that would bring our team together, but also provide unparalleled accessibility to our clients and partners. 'Our relocation to The Quarter South End will provide our company with a dynamic workplace that is representative of our innovative and collaborative culture, as well as drive employee retention and recruitment,' said Tom Planishek, vice president at Clancy & Theys. Additionally, the team will engage local artists to create unique, custom art installations for the space. Clancy & Theys will apply its expertise in leading the build-out of its new space at 22EIGHTEEN Toomey, which will feature an open floor plan, informal and formal meeting rooms, a training area and an expansive outdoor patio. Headquartered in Raleigh, the company, with 40 employees, has had an office presence in Charlotte since 1996. Clancy & Theys is a family-owned construction company with projects in 19 states including apartments, office buildings, hotels, R&D facilities and more.

Abacus capital group