Belgravia, Revival Partners Plan Mixed-Use Conversion of Former Wake Forest Site in Charlotte

Belgravia Converting Former Wake Forest Classrooms to Mixed-Use Project
CRE Market Beat Take
The conversion of an obsolete uptown asset into apartments over retail underscores ongoing land use repricing away from office-heavy product in Charlotte’s core, a trend owners should weigh when evaluating hold-or-reposition decisions.

Belgravia Management has retained Revival Partners to lead the mixed-use conversion of 200 North College, a five-story, 458,169-square-foot building at 200 N. College St. in Charlotte. The repositioning will transform the largely vacant property into a combination of residential and street-level commercial space.

Plans reported by the Triad Business Journal call for 290 apartment units above approximately 50,000 square feet of ground-floor retail, restaurant and commercial space. The configuration is intended to leverage the building’s scale while activating the street frontage with a range of commercial uses.

Construction on the project is scheduled to begin this summer, with completion and initial delivery of space anticipated in mid- to late 2027. The timeline positions the redevelopment to come online after an extended period of underutilization at the site.

The property had previously housed Wake Forest University’s MBA and professional studies programs, based in Winston-Salem. The university occupied about 30,000 square feet at 200 North College before vacating its space last summer. Wake Forest has since established a new campus at The Pearl innovation district, fully exiting the building.

CBRE professionals Darrell Palasciano and Kaitlyn Fitch have been engaged to oversee retail and commercial leasing for the project. Their assignment covers the 50,000 square feet of ground-floor space planned for retail, restaurant and other commercial tenants as the redevelopment advances.

Belgravia acquired the 200 North College site in August 2025 for $3.5 million. Since Bank of America relocated operations from the property to Legacy Union’s Bank of America Tower in 2019, the building has remained largely vacant and has been viewed as a candidate for repositioning.

The conversion of 200 North College is one of several initiatives targeting obsolete uptown assets for new uses. By combining apartments with active ground-floor commercial space, the project reflects a broader shift in how older office-oriented properties in the area are being reimagined to meet current demand patterns.

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