Firefighters said they responded to the fire around 1 a.m. near the intersection of North Church Street and West 28th Street.
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The Charlotte Sports Foundation and Albemarle are organizing the family-friendly event set for May 25.
The Georgian home at 710 Country Club Drive dates to 1937 and was built for J. Spencer Love, the founder of Burlington Industries.
The lawsuit alleges Ian Fowler, Kelsey Tucker and asset manager Corinthia unlawfully planned “one of the largest corporate raids at an asset manager in years.”