300 North College St. is being acquired by a real estate investment company, led by David Furman, Jon Dixon and Aaron Ligon.
300 North College is the site of Charlotte’s longest running night-life scene. Before adaptive-reuse architecture was on-trend, this mid-century 1900’s warehouse building was repurposed to host bar/restaurant tenants like Mythos, Have a Nice Day Café, Bar Charlotte, and Cosmos. The property is over 33,000sf, and is adjacent to the Hearst Tower, Holiday Inn / Wake Forest, Seventh Street Station, and the 7th Street LYNX light-rail station.
300 North College Street will be repositioned as “Northside Station”, a destination for dining and nightlife in Charlotte’s emerging North neighborhood. Cosmos, RePublic, and Phoenix have closed. The new owners have signed 2 new leases, and BAR Charlotte will continue to operate. Bar Charlotte is operated by Bar Management Group. BMG principals also operate popular Uptown destinations like Vida, Suite, Bubble, Blackfinn, and Whiskey River.
A recent design study commissioned by Charlotte Center City Partners (among others) focuses on this vibrant submarket of Uptown and the tremendous opportunity for development beginning with the opening of the Lynx lightrail from Uptown to UNCC area. First Ward Park, UNC Charlotte’s Uptown campus, Charlotte Lab School, and Google have all bought-in to the NorthEnd vision with new and upcoming facilities between 7th and 9th street, adjacent to the North of the Property. Queen City Q and the Seventh Street Public Market have become popular destinations for visitors to Charlotte, as well as Uptown workers and residents.
The new owner, 300 North College, LLC is a partnership between David Furman, Jon Dixon, and Aaron Ligon. David is an award-winning architect and developer in Charlotte, having recently been recognized recently with the 2015 Vision Award for his work not only in the private, but also the public sector in Charlotte’s urban core; Jon Dixon is a local commercial real estate entrepreneur and investor; and Aaron Ligon is the principal of Ligon CRE, a boutique commercial real estate firm in Charlotte.
The re-positioning and re-tenanting of 300 North College as NorthEnd Station will happen first quarter 2016, with the announcement of 2 new tenants, which plan to renovate and re-open in early 2016.
Mark Ethridge at Bellwether Enterprise arranged for financing with Chase Allen at Bank of North Carolina, SouthPark. Ligon CRE will provide management and leasing services. John Maheras at Horack Talley law firm represented the buyer.
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