Atlanta & Southeast News In Your Inbox
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Development Team Revamping Historic Charlotte-Area Hotel
The developers behind the Empire Hotel are embarking on a $25 million remake of the building. The project calls for redeveloping 100,000 square feet at 228 S. Main St. Upon full buildout, the project will include 38 residences, a 35-room boutique hotel and possibly a steakhouse. Iron Horse Development is heading up the project in Salisbury, 20 miles north of Charlotte.
The Charlotte Business Journal reports the first phase of the project will be named Empire Row, which includes two row homes and seven full-floor lofts. The residences will be for rent and then sold after five years. The project will be built in three phases.
The Empire Hotel opened in 1859 and was remodeled in 1907. The hotel was then permanently closed in 1963.
Iron Horse Development says it focuses on historic buildings and the acquisition, entitlement, design and development of small—to medium-sized multifamily projects with 2 to 50 units.
- ◦Development
