Development Services

Overview

Parker Poe’s Development Services Industry Team takes great pride in our history of helping clients structure, negotiate, and close commercial and residential real estate transactions. With more than 60 dedicated attorneys across the Carolinas, Georgia, and Washington, D.C., our deep bench of experience helps us achieve desired results for our clients at any stage of the development life cycle. We represent residential, commercial and multi-use developers, owners, buyers, sellers, landlords, tenants, and lenders – we have seen every side of a deal.

With attorneys whose practices are focused on transactions as well as disputes and regulatory matters, for both buyers and sellers, we are ideally positioned to partner on a variety of development projects and assist with all related matters. We can advise on any single service below or help you navigate the entire life cycle of your real estate project.

Services

Real Property Assets

Parker Poe’s Development Services team helps any commercial or residential development project get started with the acquisition, assessment, and financing of a real property asset.

We have assisted clients in the acquisition of raw land to be developed for future residential multifamily complexes, single-family subdivisions, mixed-use developments, retail developments, hotels and resort properties, medical offices and facilities, build-to-suit manufacturing operations, distribution centers, renewable energy projects, student housing, and more. We have also helped clients acquire existing properties for redevelopment, including properties of all asset classes, distribution facilities, office and industrial parks, government-owned land, residential housing, and mixed-use developments.

Along with representing the interests of commercial and industrial developers in their acquisitions, we also have experience representing real estate investment trusts (REITs), institutional investors, pension funds, public and private companies, hospitals, and municipalities that are acting as developers in a project.

The acquisition and project finance services we provide include:

Land assemblages
Environmental assessments, including regulatory and compliance counseling
Letters of intent
Earnest money
Purchase and sale agreements
Nondisclosure agreements
Development agreements
Interim construction and permanent loans
Equity investment/financing

Feasibility & Entitlement

Every development project has a vision. Parker Poe’s Development Services Team measures success in our ability to see that vision through, protecting the project’s interest while maximizing value.

Our attorneys specialize in land use law to support the legal entitlement process, a stage considered by many as the most high-stakes and variable of the development life cycle. The entitlement process differs dramatically between various states and municipalities. By drawing on the resources, relationships, and experience of the firm’s Government & Municipalities industry team, our attorneys have insight and familiarity at the municipal level that help us navigate the different rules and regulations – as well as the preferences – of various review boards and decision-makers.

The entitlement services we provide include:

Zoning: conducting the process from application to securing approval before town councils, boards, and commissions
Existing entitlement review for acquisition and disposition
Zoning variances and special-use permits
Site plan, subdivision, and recombination advice
Establishing and vacating easements
Easement agreements
Encroachment agreements

Development Approvals

As an extension of the entitlement phase, our attorneys work alongside the entire development team – including the planners, architects, and engineers – to make sure the desired plan receives government approval. Our attorneys advise on securing the appropriate agreements, variances, restrictive covenants, encroachments, easements, and other approvals necessary to get the site plan approved so that building permits can be issued without delays. We also help to address any environmental concerns brought up by the review board.

In addition to the services offered in the entitlement phase, we provide:

Drafting and review of restrictive covenants, including commercial and residential declarations
Utility approvals
Transportation and transit approvals
Landscaping and appearance approvals
Annexation, infrastructure, and development agreements

Funding

Parker Poe attorneys have closed thousands of commercial real estate transactions over the years and bring perspective from all sides of the deal. Drawing on the resources, experience, and connections of our Financial Services industry team – which has worked with almost every major bank’s commercial lending teams in the Southeast – we know what to expect to ensure a smooth closing. We coordinate the transaction and navigate issues related to title, title insurance, inspections, deeds, liens, condemnations, property valuations, and more.

Construction

When it is time to begin construction on any development project, Parker Poe is equipped to coordinate all of the legal aspects of the build. Our top-ranked construction attorneys understand fully how the construction and development industries work. They have spent years building relationships and working on projects with some of the best design and construction teams in the Southeast.

More than any other phase in the development life cycle, we know the construction phase has the tightest margins and timelines. We draft, negotiate, and review contracts for design and construction with a goal to protect the future interests of the project. We handle every type of contract and agreement, including:

Design agreements
Construction agreements, including prime contracts, trade contracts, subcontracts, supplier agreements, and materials storage agreements
Finished product, barter and countertrade agreements

Our team places a major emphasis on providing preventative counseling and advice, with the goal of avoiding counterproductive, costly disputes and litigation on issues such as:

Payment and contractor claims
Scheduling and delays
Defective construction and warranty obligations
Design defects
Liens
Building codes and other regulations

If disputes do arise, the Development Services industry team includes highly skilled construction and real estate litigators that have represented clients in mediation, arbitration, and claims in federal and state courts in the Carolinas and Georgia. Our attorneys also regularly appear before government regulators regarding licensing and building code issues.

Asset Management

Once construction is complete and the property opens, we advise on any legal issues that arise from the continued ownership and operation of a real estate development. This includes ongoing regulatory compliance, tax planning strategies, refinancing, and drafting and negotiating leases (as discussed in our next phase below).

If the property owner has assigned a property management firm, Parker Poe attorneys work alongside that firm to support the services it provides, including preparation, negotiation, and review of leases, vendor agreements, property tax advice, and management contracts. Our Development Services industry team includes attorneys that are skilled in all areas of real estate litigation, including landlord/tenant disputes as well as creditors’ rights and bankruptcy.

Sale & Leasing

The commercial leasing team at Parker Poe has great depth, versatility, and experience in creating solutions to clients’ challenges. We work with owners of real estate developments and properties to understand their leasing standards, guidelines, and goals.

We have experience assisting clients in a variety of lease needs, including retail leases, subleases, ground leases, build-to-suit and retrofit-to-suit leases. Whether our clients are corporate property owners, private real estate investors, or developers that continue as owners, we have experience working with extensive real estate portfolios and support whoever is charged with the leasing function, including in-house counsel, real estate management teams, or property management firms. We handle the leasing from the letter of intent through lease negotiations, tenant improvements, guaranties, financing, and third-party approvals.

Parker Poe’s team is strong in document preparation and due diligence and pragmatic in lease negotiations. Our attorneys are deal-makers with keen business acumen who will work hard to negotiate advantageous leases for your development or property. Because our team has years of experience in representing landlords, tenants, and lenders, we understand the interests of all parties and are skilled negotiators in deals between invested parties.

When a developer or other property owner is ready to sell, we handle the legal aspects of the sale or disposition of a development or property in much the same way we did the acquisition. Now acting as seller’s counsel we deploy the same services and resources for our clients to help them recognize the full value of their real property assets.

Representative Experience

Charlotte Metro Tower
Charlotte, N.C.
Lead Attorneys: Jimmy Greene, Chuck Lee, Tom Quirk & Kate Mayes

We represented Childress Klein in its joint venture to acquire the Charlotte Metro Tower for up to $675 million. The 40-story office tower will include approximately 1 million square feet of office and retail space, LEED Gold certification, and a parking garage with 1,100 spaces. The Charlotte Business Journal called the project the “largest single real estate transaction ever made in Charlotte.”
(See coverage in the Charlotte Business Journal and Southeast Real Estate Business.)

Cary Towne Center
Cary, N.C.
Lead Attorneys: Jamie Schwedler & Collier Marsh

We represented the developer and investor, Turnbridge Equities, on the entitlement of an 87-acre regional mall to allow for mixed-use development. We served as rezoning and development counsel assisting in successfully securing approval for a full rezoning of the property, and we also served as local counsel for the acquisition and refinancing of multiple parcels. Ultimate zoning entitlement includes 1.2 million square feet of office, 1,800 units of multifamily and townhomes, three hotels, and 360,000 square feet of retail space. This greyfields project includes multiple acres of open space and significant new streetscapes in a walkable urban grid to replace the current suburban retail mall.
(See coverage in the The News & Observer and the Triangle Business Journal.)

Kannapolis Downtown Redevelopment
Kannapolis, N.C.
Lead Attorneys: Anthony Fox, Scott Leo & Nicholle Allen-Steele

We represented the City of Kannapolis in a major redevelopment of its downtown district, including the addition of a minor league baseball stadium and pending mixed-use properties. Parker Poe attorneys assisted in structuring the public-private partnership (P3); drafting the original MOU, master development agreement, and parking garage agreement; as well as advising on ordinance revisions and appropriate statutory authorities related to public bidding laws. The firm assisted with the disposition of publicly owned buildings and facilities to accommodate the redevelopment and provided environmental regulatory advice related to the brownfields process. Parker Poe’s bond attorneys advised on the $52 million bond financing for the stadium project, which has broken ground and is scheduled to open for the 2020 season.
(See coverage in Ballpark Digest and on WBTV.)

GoTriangle Tower
Raleigh, N.C.
Lead Attorneys: Russell Killen, Jamie Schwedler & Collier Marsh

We represented GoTriangle, a regional transportation authority, as the developer of a 40-story mixed-use tower on top of a multimodal transportation facility. This project incorporates one of the first affordable housing conditional zoning cases in the City of Raleigh. Parker Poe successfully secured approval for rezoning from the city, as well as advised on all other legal aspects of the development and other due diligence and approvals. Our Development Services Team has assisted in helping to keep this project moving under tight deadlines, as it is partially funded by a federal grant that stipulates completion times.
(See coverage in the Triangle Business Journal and at GoTriangle.org.)

South End Brewery
Charlotte, N.C.
Lead Attorneys: Brent Milgrom, Jonathan Dion, Morgan Rogers & Tim Logan

We represented Sycamore Brewing in the sale of its building to a national real estate developer/investor. The building will become part of a major new mixed-use development in Charlotte’s rapidly growing South End. Our client will remain an important player in the neighborhood, leasing substantially larger space on the first two levels of a 250-foot tower next door.
(See coverage in the Charlotte Business Journal and Charlotte Agenda.)

Doctors Hospital Burn Center
Augusta, Ga.
Lead Attorneys: Jonathan Dion, Grant Whitney & Francie McCanless

We represented the developer in a $75 million expansion of the top burn center in the United States. The project has more than 102,000 square feet of new or renovated construction, including the construction of a new three-story tower, construction of a new central energy plant, and an additional six-story parking garage. The project involved sophisticated leasing components such as a 99-year ground lease with leasehold financing and several leases in both medical office buildings.
(See coverage in The Augusta Chronicle.)

Metanoia
Charleston, S.C.
Lead Attorneys: Richard Few, Tyler Smith, Scott Manning, Todd Haynie & Russell Killen

We represented a nonprofit leading the redevelopment of a Charleston elementary school being repurposed into a mixed-use project to house a secondary music school, early learning center, 300-seat performing arts center, and studio space for visual artists. The project will double the size of the current campus. Parker Poe identified and assisted with securing multiple tax benefits for this project, including new markets tax credits, historic tax credits, and abandoned building credits. Firm attorneys also advised on construction and real estate matters related to the project.
(See coverage in The Post and Courier and The Charleston Chronicle.)

Rock Hill University Center
Rock Hill, S.C.
Lead Attorneys: Richard Few & Todd Haynie

We represented the developer in the redevelopment of 23 acres of industrial property, including an old mill and a water treatment facility, into a mixed-use facility that will support a local university and provide other services to local citizens. The proposed $200 million project will include student housing, a 164,000-square-foot athletic facility, as well as apartments, a hotel, restaurants, shops, and 228,000 square feet of office space. The project is scheduled to be completed in 2023.
(See coverage in the Charlotte Business Journal.)

Rocky Point & Sunrise
Tampa & Orlando, Fla.
Lead Attorney: Brent Milgrom

We represented the developer in two new multifamily projects in Florida. Rocky Point in Tampa and Sunrise in Orlando are two new signature Northwood Ravin properties currently being developed. Both properties are anticipated to open to residents in 2021.

Novel Stonewall Station
Charlotte, N.C.
Lead Attorney: Alan Dexter

We served as real estate counsel for Novel Stonewall Station by Crescent Communities, Uptown Charlotte’s premier mixed-use, transit-oriented development. Commercial condominium regimes separate vertical project elements on 5.3 acres: 459 upscale apartments in mid- and high-rise buildings above anchor Whole Foods Market and related retail, and two 181-room hotels above restaurants and complementary retail. Reciprocal easements govern internal roads, shared utility corridors, and parking in a 10-level, 1,350-space deck. Connection agreements with the city provide elevated platform access to Charlotte’s Blue Line light rail system.
(See coverage in the Charlotte Business Journal and The Charlotte Observer.)

Fenton
Cary, N.C.
Lead Attorneys: Russell Killen & Jamie Schwedler

We are representing Columbia Development on a 95-acre parcel project owned by the State Property Office in Cary. This site will house 1 million square feet of office space, 820 residential units, plus retail and a hotel. For this project, we advised on all municipal rezoning work, including negotiating provisions for a new zoning overlay district and collaborating with town council and adjacent property owners. We also represented the developer in securing an approved development agreement with the Town of Cary, negotiating economic incentive packages (including advice on local taxes and contracts), and advising on trademarks, public relations, and branding.
(See coverage in The News & Observer and Multihousing Pro.)

Vermillion Village
Huntersville, N.C.
Lead Attorney: Tom Quirk

We are serving as real estate counsel on the transformation of a vacant property into a major mixed-use project that will help spur redevelopment in downtown Huntersville. The project will ultimately boast 400 residential units combining apartments and townhouse complexes and 165,000 square feet of grocery store-anchored retail space in multiple free-standing buildings. Our work includes the acquisition of the property from the town, negotiation of a joint venture agreement for the development of the retail parcels, advising on Brownfields and other environmental matters, and the negotiation of restrictions with the town, as well as easements and commercial use declarations.
(See coverage in the Charlotte Business Journal and The Charlotte Observer.)

Mosby Carolina Forest
Myrtle Beach, S.C.
Lead Attorney: Simpson Fant

We provided counsel on the financing of a signature luxury apartment community in Myrtle Beach. We acted as counsel to Mosby Carolina Forest in connection with a $44 million loan insured by the U.S. Department of Housing and Urban Development. The proceeds are being used to construct a 332-unit, $51 million multifamily housing project, which includes a lakeside trail, top-of-the-line amenities, and easy access to retail and medical offices.
(See coverage in The Sun News and WMBF News.)

Twin Lakes Center
Cary, N.C.
Lead Attorneys: Jamie Schwedler & Russell Killen

We are representing LeylandAlliance on a unique mixed-use development featuring lake views and a walkable main street on a 34-acre parcel in Cary. The Twin Lakes Center will be anchored by a 130,000-square-foot Wegmans and feature restaurants, shops, and offices. We are providing counsel on land use, including site plan approval, entitlements, and easements. We also secured the adjacent zoning approval for up to 200 age-restricted multifamily units within Twin Lakes and are advising on site plan approval for that part of the development as well.
(See coverage in The News & Observer and the Triangle Business Journal.)

Tristone Manufacturing Plant
Mooresville, N.C.
Lead Attorneys: Sam Moses & Susan Elliott

We handled the drafting, negotiating, and closing of a 215,000-square-foot build to suit industrial lease for a global manufacturer's first U.S. production facility. Tristone Flowtech Group is opening the facility on 23 acres in Mooresville. Our economic development consultants and attorneys also advised on site selection, negotiation of state and local incentives, and property due diligence. You can learn more about the project here.
(See coverage in the Charlotte Business Journal and Area Development.)