The asset has been owned since 1981 by brothers Brent and AlanWhite of Carolinas Auto Supply, a mail order business. The buildingat Cedar and Hill Streets was used for storage until 1991, but hasbeen vacant since.

The Whites are applying for historic designation, hoping to maketheproject eligible for state and federal tax credits which can beused tooffset the renovation costs.

Brent White says the building will get a complete makeover andwill lease for $17 psf to $22 psf. The Whites are also hoping toadda 7,000-sf restaurant on the roof surrounded by an 8,000-sfpatio. The view from the roof would offer views of Ericsson Stadiumand uptown Charlotte.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.