CHARLOTTE, N.C. - A prominent site steps away from the Lynx Blue Line's 36th Street Station is under contract to be purchased by a local developer.
The Herrin Ice site, at 315 E. 36th St., measures 6.8 acres and is mostly undeveloped, except for a handful of buildings, some that date back to the 1930s. Charlotte developer Grubb Properties confirmed that it has the site under contract but declined to detail plans for the property.
The parcel -- the longtime home of Herrin Brothers Ice -- is valued at $3.1 million, though it would likely fetch a much higher price in a sale, given its proximity to the light-rail line, center city and a major corridor in North Tryon Street.
Frank Tetel, vice president of acquisitions and dispositions at Grubb Properties, said the firm is "looking forward to working with the city and the community to become part of the exciting NoDa neighborhood."
Notably, the Herrin Ice site sits in an opportunity zone.
And the likely redevelopment of the property represents new momentum on the portion of 36th Street closest to North Tryon, as real estate activity pushes outward from the heart of the NoDa neighborhood. That street was closed for more than four years before reopening about a year ago, and it provides a critical connection between NoDa, the light rail and North Tryon.
CBJ's Ashley Fahey delves into what's happening around the site and how it could help the NoDa neighborhood solve its connectivity problem.
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