Levine Properties’ new parking deck on 10th Street – a key part of the massive First Ward redevelopment – has halted construction, but developer Daniel Levine said he hopes to restart soon.
With more than 1,300 spaces, the deck is meant to anchor much of the redevelopment, which is centered around the new First Ward Park. Levine started building the deck earlier this year, and plans to build a 264-unit apartment complex wrapped around the structure, at 10th and Brevard streets.
But Levine said he hasn’t received a $4.2 million equity investment from UNC Charlotte, which is slated to use 300 of the spaces as parking for its uptown campus. The school must receive clearance from the state to release those funds, Levine said.
“We’re going to complete all the footing and foundation work, but we’re not going to go vertical until those funds are released,” said Levine. “They’ve been delayed placing that equity, so we’ve had to take a temporary pause.”
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A UNC Charlotte spokesman said the matter isn’t a “dispute.”
“Release of the funds requires an approval process that is not yet complete but we hope will be complete soon,” said John Bland.
Levine said the delay will push back the timeline on completing the planned apartments as well.
“Everything will slide until we’re able to restart,” said Levine. “I hope that it’s soon.”
The park, however, is ahead of schedule and could open by November, Levine said.