Developer gives first insight into plans for $500 million uptown project

CHARLOTTE, N.C. — It’s been said many times over many years that the redevelopment of two blocks in uptown would serve as a needed catalyst for a corridor that has languished as other parts of center city have boomed.

But the Seventh and Tryon project, valued at more than $500 million with all planned public and private development considered, has sat in limbo as behind-the-scenes negotiations and disagreements over sale terms, affordable housing and other issues took place. The development would reimagine two blocks bounded by Sixth, North Tryon, Eighth and North College streets, with a new Main Library serving as the kickoff project.

And while a split occurred last year in the coalition formed in early 2017 — Mecklenburg County, the city of Charlotte, the Charlotte Mecklenburg Library, Bank of America and the Charlotte Housing Authority (now Inlivian) — it’s still the stated goal of all involved to redevelop the blocks and finally spur the activity North Tryon has long needed.

Key questions remain, though: How, and when?

The Charlotte Business Journal spoke to each party involved in the project, including Metropolitan Partnership, the master developer in negotiations to lead it.

Read the full story here for an exclusive, in-depth look at where the project stands.

Charlotte leaders discuss affordable housing, city growth at council retreat Charlotte leaders discuss affordable housing, city growth at council retreat

© 2020 Cox Media Group