Asana Starts Transformation of Former Duke Energy HQ
Asana Partners, MRP Realty and Rockefeller Group completed the necessary demolition of the former Duke Energy facility. Headquarters at 526 S. Church St. and are now ready to start work on its conversion to multifamily and retail uses.
MRP acquired the 800,000-square-foot for $35 million in 2022.
The Charlotte Business Journal reports the finished project, to be called Brooklyn & Church, will include 448 apartment units and 25,000 square feet of ground-floor retail. The development will also have a newly constructed, three-story, 30,000-square-foot retail building along South Church Street. Brooklyn & Church is expected to deliver in late 2027.
The project, along with numerous adaptive reuse projects in the Charlotte area, will reduce the area’s office space by over two million square feet.
Other projects include converting the Johnson Building into a hotel, converting two former Wells Fargo buildings into apartments and a hotel, and repurposing 400 South Tryon from office to a hotel and apartments.
Other News
Gilbane Development Breaks Ground on First Phase of $350M Student Housing Project
Gilbane Development has broken ground on The Southern Gateway, the first phase of “Elevate WKU,” a transformative $350 million public-private partnership with Western Kentucky University (WKU) to reimagine its on-campus housing. “With shovels now in the ground, Elevate WKU is one step closer to revitalizing aging campus infrastructure and delivering a modern, community-focused campus experience...
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Kidder Mathews Arranges Sale of 54K-SF MF Development Site in Kirkland
Kidder Mathews has arranged the sale of a 54,886-square-foot multifamily development site at 9755 NE Juanita Drive in Kirkland, Washington. Dylan Simon, Jerrid Anderson, and JD Fuller of the Simon | Anderson Multifamily Team represented the seller, an institutional developer, and served as the sole brokers in the transaction. Located in Kirkland’s Juanita neighborhood, the...
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Prosper Greenlights $2B Italian-Themed Community
The Prosper Town Council approved a rezoning for The Marco, a 143-acre Italian-themed development on the corner of Dallas North Tollway and University Drive. The $2 billion mixed-use development features waterfront homes, hotels, offices and a 15-acre lagoon. The Dallas Business Journal reports that Jeff Blackard, founder of Blackard Cos., is the developer. He previously...
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout