Noted Charlotte real estate developer Peter A. Pappas, whose body of work includes some of Charlotte's best-known mixed-use real estate projects, was honored today by the Charlotte Chamber's SouthPark chapter as its 2014 SouthPark Citizen of the Year.
Pappas, founder and president of Pappas Properties, received the award during a luncheon at Maggiano's Little Italy restaurant in SouthPark Mall. Among those present to congratulate him were businessmen Nelson Schwab and Johnny Harris, former Mecklenburg County Manager Harry Jones and Charlotte Deputy City Manager Ron Kimble.
|Peter A. Pappas|
"Anything we do, we want it to be an asset to the community," said Pappas, who is also CEO of Terwilliger Pappas, a firm he formed with Ron Terwilliger last year to develop multifamily properties. "We want to be able to look back on it and say, 'This has added value.'"
Pappas joined Morgan for a question-and-answer session in which the developer talked about the evolution of SouthPark and trends in the real estate development industry. Asked by Morgan whether he sees any lessons to learned for SouthPark in the demise of Eastland Mall, Pappas said areas shouldn't be taken for granted just because they're successful.
"That doesn't mean we should quit investing in that area," he said.
Pappas said he is honored to join Tim Belk of Belk Department Stores, Allen Tate of the Allen Tate realty firm, Piedmont Natural Gas CEO Thomas Skains and real estate developer Johnny Harris as recipients of the award.
"I'm truly flattered to be a part of that group," he said.