New owners outline process for restarting stalled project in Uptown

Property on East Brooklyn Village Avenue In May, Atlanta-based Peachtree Group acquired the deed associated with 700 and 800 E. Brooklyn Village Ave., according to Mecklenburg County property records. The land was part of the planned Brooklyn Village redevelopment. Now, it's owned by Charlotte firm First & Early Capital. (Melissa Key)

By Charlotte Business Journal

CHARLOTTE — The new owners of the first phase of the planned Brooklyn Village project are ready to move forward with planning to revive the long-stalled, mixed-use project in Uptown Charlotte.

[ READ MORE: Developer blames economy for drawn-out Uptown project ]

Andre Collins and Jubal Early, former colleagues at the Charlotte firm then known as Lincoln Harris, are the lead partners in First & Early Capital, a private equity-backed real estate investment firm.

On June 25, First & Early Capital paid $24.3 million for a 5.8-acre site in Second Ward bounded by East Brooklyn Village Avenue, Interstate 277 and South McDowell Street. The address of the property is 700 and 800 E. Brooklyn Village avenues.

Read the full story on CBJ’s website here.