Catalyst is a 27-story 462-unit apartment building on West Martin Luther King Jr. Boulevard in Charlotte, North Carolina.
Tony Skillbeck, president of Novare Carolinas Development, said that the name reflected the building's status as "a literal catalyst for the re-development and the regeneration of Third Ward" as well as the fact that for many residents, this would be their first home purchase, "a catalyst in our buyers' lives.
[4] A 15-story, 363,000-square-foot (33,700 m2) office building called 440 South Church was built next door by Trinity Capital Advisors, designed by the same architectural firm.
As of September 18, 2009, one hundred people lived in the building, and about half the units were leased.
Novare managed Catalyst for "an investment fund controlled by affiliates of Lehman Brothers Holdings" with which the developer "restructured its relationship" in Summer 2009.