What's in store for this prime real estate in Dilworth?

CHARLOTTE, N.C. — A highly visible Dilworth site that remains vacant today despite its prime location is on the market for a ground lease.

The 1.1-acre site at the corner of East Boulevard and Scott Avenue has sat undeveloped since the longtime Epicurean Restaurant was demolished in 1999. Its owners, the Castanas family, sought to rezone the land in 2010 to allow the development of an 85-space surface parking lot for local businesses but Charlotte City Council ultimately voted down that petition, which had several neighborhood groups in opposition.

Since then, the land has played host to events like an annual pumpkin patch, Christmas tree sales and a weekly Food Truck Friday. The Castanas family still owns the land today, which consists of three contiguous parcels. In 2011, the land value was assessed at $1.9 million, according to Mecklenburg County real estate records.

“Lincoln Harris, along with the majority of everybody else in town, has been talking to the Castanas family for years because it’s such a high-profile location,” said Jubal Early, a senior vice president at Lincoln Harris who is marketing the property along with Marshall Williamson, a vice president with the firm. “George Castanas and his family realized that in an upmarket like we have today, it’s a good time to explore those options.”

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