Development

Partnership buying former Cosmos location, turning it into 'NorthEnd Station'

A drawing of the re-branded NorthEnd Station at 300 N. College Street.
A drawing of the re-branded NorthEnd Station at 300 N. College Street.

The building that was formerly home to Cosmos Cafe has a new set of owners, and will be re-branded with new tenants as “NorthEnd Station.”

A trio made up of architect and developer David Furman and local real estate professionals Jon Dixon and Aaron Ligon said Monday they are acquiring the building at North College and Sixth streets, next to the Seventh Street light rail station on the Blue Line and Levine Museum of the New South.

Cosmos Café, which was Charlotte’s first tapas restaurant when it opened in 1997, closed earlier this month. The Phoenix and Republic nightclubs also closed.

Real estate records show the partners paid $9.35 million for the property. The building’s new owners said BAR Charlotte, another business at the location, will stay open at the site. The owners have signed leases with two new tenants that plan to renovate the rest of the space and open soon, hopefully in the first quarter this year.

The property totals 33,000 square feet, and its new name will help highlight its connection to the north side of uptown, the new owners said. With the light rail extension underway and construction starting to move up from uptown’s booming south side, the North End is gaining interest and attracting more buzz.

Furman has founded several architecture studios in Charlotte and is a principal at The Housing Studio. Dixon is a commercial real estate investor and Ligon is principal of Ligon CRE, a commercial real estate firm based in Charlotte.

Mark Ethridge at Bellwether Enterprise arranged for the purchase financing with Chase Allen at Bank of North Carolina. Ligon’s company will manage the property and provide leasing services. John Maheras at law firm Horack Talley represented the buyer.

Ely Portillo: 704-358-5041, @ESPortillo

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