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BK Partners Closes on First Parcel for Brooklyn Village
BK Partners has finalized its $10.3 million purchase of a 5.7-acre Charlotte parcel for the Brooklyn Village redevelopment project. Walton Plaza currently sits on the site on the corner of East Brooklyn Village Ave. and S. McDowell St., and will be demolished.
Phase 1 will encompass multifamily housing, 106,000 square feet of retail space, 530,000 square feet of office space, and a 13-floor, 150-room hotel. At least 10 percent of the multifamily portion – a 120-unit low rise building and a 420-unit high rise building with parking deck – will be priced below market value. The 16-story office building will include retail space and a parking garage.
The three-phase development is expected to be finished in approximately 12 years. Additional phases will be developed at 303 S. McDowell St., and the former Board of Education building at 701 W. Martin Luther King Jr. Blvd.
- ◦Sale/Acquisition
- ◦Development



