Charlotte's Eastland Mall Property Back in the Game!
Throughout the country, abandoned retail properties become eyesores for both residential and commercial neighbors. Charlotte's strong economy does not shield it from the problems of sprawl and leapfrog development. The once thriving Eastland Mall in close proximity to uptown Charlotte closed in 2010 in the face of competition from new shopping centers more accessible to the regional population.
Fortunately, the City of Charlotte moved aggressively to purchase the property in 2012 and pursue redevelopment. The City is now seeking a visionary development team for a public/private partnership through a two-staged developer solicitation process. Selection will begin with a Request for Qualifications followed by a Request for Proposals to a short list of highly qualified development teams. The following link highlights the process and timetable for the Eastland Mall property:
This well-located property offers an outstanding opportunity for a master planned mixed-use redevelopment.
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