Levine Museum sells for $10.75M. Here’s what will go in its place uptown.
The Levine Museum of the New South has sold its uptown Charlotte building to a New York-based development firm which has plans for studio apartments and penthouses on the site, officials said Thursday in a news release.
The buyer, Vela Uptown LLC, plans to turn the 7th Street property into a high-rise apartment building, the release said. The building sold for $10.75 million.
The museum announced its plans to sell its building last summer. At the time, Levine President and CEO Kathryn Hill said the museum would search for a “more flexible uptown facility” and pursue a “community-centered, digital-first transformation.”
Vela is partnering with Connecticut-based Post Road Residential on the luxury apartment building slated for the Levine’s current spot.
The museum will remain open to visitors through May 15, and will continue to provide digital and neighborhood-based exhibits after that date. Then, the museum will temporarily relocate to the Visual and Performing Arts Center on North Tryon Center.
Neighborhood-based exhibits will include a pop-up exhibit in Charlotte’s Grier Heights neighborhood this spring. Last summer, the museum and the City of Charlotte launched “KnowCLT”, an app-based digital walking tour of the Second Ward neighborhood formerly known as Brooklyn.
The Levine’s sale is one of a number of changes coming to the northern edge of uptown.
County officials recently voted to spend $15.6 million to help fund a major uptown redevelopment at 7th and Tryon streets. It’s a $600 million project that’s expected to bring a new office tower, apartment building, plaza and other improvements to a roughly two-square block of uptown.
This story was originally published March 31, 2022 at 4:00 PM.
