Business

In uptown Charlotte, $250M revamp of old Duke Energy headquarters hits a milestone

Uptown Charlotte construction crews turning Duke Energy’s former headquarters into a $250 million housing and retail project celebrated the end of demolition work Thursday.

The event for the upcoming Brooklyn & Church development featured remarks from project officials. It was hosted by construction company Balfour Beatty’s project leadership team. MRP Realty, Asana Partners and Rockefeller Group are financing the project, the Charlotte Observer previously reported.

Construction workers are making progress on converting Duke Energy’s former headquarters into a housing and retail development.
Construction workers are making progress on converting Duke Energy’s former headquarters into a housing and retail development. CHASE JORDAN cjordan@charlotteobserver.com

A major makeover for uptown Charlotte

Workers will convert the space into 460 loft-style apartments with nearly 14-foot exposed ceilings and large balconies. The ground floor will feature 25,000 square feet of retail space.

Located at 526 S. Church St., the 13-story, 800,000-square-foot tower was built in the 1970s. The core of the building will be preserved, and the outside is getting a makeover.

A road closure diverts traffic near the construction site at the former Duke Energy headquarters. The site will include loft-style apartments and a retail center when construction is complete.
A road closure diverts traffic near the construction site at the former Duke Energy headquarters. The site will include loft-style apartments and a retail center when construction is complete. CHASE JORDAN cjordan@charlotteobserver.com

To make way for a three-story retail area with 30,000 square feet of space, demolition of the front lobby and atrium began in April. A 60-foot walkway will connect the apartments to the shopping center.

Developers and construction crews are working to turn Duke Energy’s former headquarters into housing and retail space. A demolition ceremony for the project was held Thursday.
Developers and construction crews are working to turn Duke Energy’s former headquarters into housing and retail space. A demolition ceremony for the project was held Thursday. CHASE JORDAN cjordan@charlotteobserver.com

The scale of demolition along Church Street

More than 54,000 tons of debris (180 million pounds) were generated during demolition for the development, said David Stanton, vice president of operations for Balfour Beatty US. He added that 90% of it was recycled.

That work also involved 430,000 man-hours, close to 50 subcontractors and 225 workers per day.

Duke Energy’s former headquarters is being transformed into a $250 million housing and retail project.
Duke Energy’s former headquarters is being transformed into a $250 million housing and retail project. CHASE JORDAN cjordan@charlotteobserver.com

A blueprint for uptown Charlotte building

The estimated completion on the project is September 2027, according to Balfour Beatty.

This project will be the city’s first office-building conversion. City leaders hope it leads to more projects, especially with office vacancies being a concern for the region.

Rendering of the Brooklyn and Church redevelopment at 526 S. Church Street. The project is converting the former Duke Energy headquarters into housing and retail. Courtesy of MRP Realty and Asana Partners
Rendering of the Brooklyn and Church redevelopment at 526 S. Church Street. The project is converting the former Duke Energy headquarters into housing and retail. Courtesy of MRP Realty and Asana Partners Courtesy of MRP Realty and Asana Partners
Chase Jordan
The Charlotte Observer
Chase Jordan is a business reporter for The Charlotte Observer, and has nearly a decade of experience covering news in North Carolina. Prior to joining the Observer, he was a growth and development reporter for the Wilmington StarNews. The Kansas City native is a graduate of Bethune-Cookman University.
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