Crews are working to clear and grade a 2.3-acre wooded lot owned by the city of Charlotte at the corner of South McDowell and Stonewall streets uptown, and officials say a deal with a developer is in the works.
The land has been for sale for some time. Several days ago, as construction equipment began to knock over trees and remove and smooth dirt, some speculated that the clearing might be related to September’s Democratic National Convention.
But a Charlotte Department of Transportation engineer said the city is in talks to sell the land to a developer, though the deal isn’t finalized. In preparation for the sale, he said the city is grading the lot and taking the extra dirt to use in a road project on Freedom Drive.
The parcel, which also abuts the John Belk Freeway, is valued at just under $4.5 million, according to Mecklenburg property records. It is zoned for mixed-use development.