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CHARLOTTE — A California investment firm will redevelop the Johnston Building in uptown Charlotte while preserving its historic nature.
The 100-year-old office building at 212 S. Tryon St. sold this month to San Francisco-based KHP Capital Partners, according to Mecklenburg County real estate records.
The Johnston Building is a 17-story, 172,300-square-foot office property built in 1924. It was the tallest building in Charlotte when it opened. The building was designated as a historic landmark by the Charlotte-Mecklenburg Historic Landmarks Commission in 1992.
Jeff Stulmaker, partner and chief investment officer at KHP, told CBJ the firm plans to remake the building into a 240-room lifestyle hotel.
Read more here.
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