Charlotte Developer Peter A. Pappas Recognized with Pillar Award
On a vibrant evening in Charlotte, the local real estate community came together to celebrate accomplishments in the commercial property sector at the 2024 Heavy Hitters Awards held on October 17. Among the highlights of the night, Peter A. Pappas, a prominent figure in Charlotte’s commercial real estate, was honored with the esteemed Pillar Award. This award, given for significant contributions to the industry, reflects not just achievement, but a lasting impact on the community.
A Lasting Legacy
Peter, the CEO and founder of Pappas Properties, has been a force in the real estate scene for over four decades now. His journey began in 1984 and has evolved into a career marked by developing millions of square feet of vibrant mixed-use spaces. His company has spearheaded key developments around the city, such as Metropolitan in midtown, Sharon Square in SouthPark, and Berewick in Steele Creek. It’s clear from the recognition that his influence stretches far beyond a typical developer’s role.
Community-Focused Initiatives
Even four decades into his career, Peter isn’t showing signs of slowing down. Earlier this year, he successfully won a rezoning approval for a crucial phase of another mixed-use project in midtown. Additionally, Pappas Properties is gearing up to launch a new community that focuses on wellness—Cadia Matthews—to be located at the intersection of Stallings and Idlewild roads. This recent project addition emphasizes Peter’s commitment to enhancing the community’s wellbeing through thoughtful development.
Investing in Future Generations
In a generous move, Peter also made headlines this year with a whopping $10 million commitment to his alma mater, N.C. State University. This investment is aimed at establishing the Peter A. Pappas Real Estate Development Program, designed to cover all aspects of real estate—from land use to community planning. It’s set to kick off in the spring, promising to nurture the next generation of real estate innovators and leaders.
His Vision and Accomplishments
During the ceremony, Peter took a moment to reflect on his remarkable career. He touched on the joy he finds in his work, stating, “You’re really fortunate when you feel like you get up every day and do something you’re passionate about.” He shared the driving force behind his projects: “All of these initiatives and projects have one commonality: It is community building and placemaking.” This vision resonates with many in the industry; improving the urban landscape improves the quality of life for Charlotteans.
Teamwork and Recognition
Peter acknowledged the support of his team, partners, friends, and family throughout his journey. Addressing a captivated audience of over 300 attendees, he stressed the collaborative spirit that the real estate professionals exhibit, saying, “If all of us can stay involved, we can use our expertise to help guide the growth and development in Charlotte.” His remarks inspired many, encouraging them to stand united as the city continues to grow and evolve.
A Life of Civic Contribution
Peter Pappas’s impact doesn’t end with business. He has an extensive civic and philanthropic background as well. He previously served as the chairman of the Charlotte Chamber, has held positions on various boards including the N.C. Department of Transportation, and actively contributes to local initiatives. Currently, he’s the president of the Good Fellows Club, further illustrating his dedication to nurturing the community.
With his acceptance of the Pillar Award, Peter A. Pappas not only celebrates a lifetime of accomplishments but also looks forward to a bright future filled with opportunities to enhance the Charlotte community through smart, thoughtful development. His journey serves as an inspiration to young developers and seasoned professionals alike, underscoring the idea that a successful real estate career is ultimately about community and connections.
