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LCOR Rolls Out $214-Million Plans for Old Charlotte Convention Center

Pennsylvania developer plans to turn old Charlotte convention center a multi-million-dollar mixed-use development.

By Robert Anthony | Updated on July 28, 2000

CHARLOTTE–LCOR, a Berwyn, Pa.-based developer, is putting $214 million on the line for the future redevelopment of uptown Charlotte’s old convention center. LCOR is buying the three-acre, Holton Square property from the city. The project calls for an office tower, rental apartments, condominiums, a hotel and a light-rail stop.

Ground-breaking on the first phase is set tentatively for November 2001. The initial phase will include 250,000 sf of retail space; 100 apartments; 125 condos; 300 hotel rooms and 1,500 parking spaces. A 250,000-sf to 500,000-sf office building would be added in a later phase, but only if a tenant signs for at least 50% of the space.

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