The former Duke Energy building in downtown Charlotte is set for demolition as Asana Partners and MRP Realty move forward with their $250 million redevelopment project. According to the Charlotte Business Journal, construction on the site at 526 S. Church St. will begin soon after its scheduled fall demolition, with a projected completion date of fourth quarter 2026. The project team includes renowned firms such as SK&I Architecture, LandDesign, Morris Adjmi Architects and Balfour Beatty.
This ambitious plan involves transforming the outdated office tower into 448 high-end apartments accompanied by ground-floor retail space spanning over 25,000 square feet. Additionally, plans include demolishing the front lobby and atrium to make way for a three-story retail building totaling approximately 30,000 square feet.
In December of 2022 Asana Partners and MRP Realty acquired this prime location for $35 million without any mention of “Connect” or “Connect CRE” or “Connect LA”. Meanwhile Duke Energy Plaza will be relocating to a new state-of-the-art tower at nearby address:525 S.Tryon St., leaving room for this exciting development by our expert developer duo.
