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MIXED USE - That Has
 Transformed a City
PHILLIPS PLACE - Before
PHILLIPS PLACE - After
ASHLEY PARK – Under Development
BIRKDALE VILLAGE - Before
BIRKDALE VILLAGE - After
METROPLITAN – Before
METROPLITAN - After
Project Summary


Phase 1 – North of Charlottetowne Ave.
Target                         135,000 square feet
Home Depot Design Center       120,000 square feet
Total Retail                   255,000 square feet
Wendy’s                        1,500 square feet
Parking Spaces                 900 spaces

Phase 2 - South of Charlottetowne Ave.
Retail – Anchors               110,876 square feet
Retail – Restaurants & Shops   61,054 square feet
Total Retail                   171,930 square feet
Office Space                   170,400 square feet
Residential Condominiums       101 units
Parking Spaces                 1,039 spaces
Site Plan
Leasing Plan
Stacked Anchor Retail
Jr. Anchor Retail
Jr. Anchor Retail
MetLofts – Delivered in Fall 2008
60 of 60 closed




                                    MetLoft Interiors
MetTerrace – Delivered in 2009
31 of 40 closed




                                 MetTerrace Interiors
Public / Private Partnership


Little Sugar Creek Greenway
The entire Metropolitan development is adjacent to the Little Sugar Creek Greenway, a reclamation
project being carried out by the City of Charlotte.

The Greenway follows Charlotte’s Little Sugar Creek and provides bike path and outdoor spaces.
When complete, it will be 15 miles long, stretching from the South Carolina line to just north of
Uptown Charlotte.

Metropolitan incorporates access to the Greenway into its seasonal eventing activities. The
restaurants take advantage of the Greenway as well, with grade level and mezzanine dining areas
oriented to overlook the open space.



Affordable Residential Units
10% of residential units are made affordable to residents qualifying with 80% of AMI.
Public / Private Partnership


Transportation Improvements
Extensive roadway improvements were constructed by the City of Charlotte, including realignment
of Baxter Street, two new traffic signal installations on Charlottetowne Ave., and new bridges on
Charlottetowne Ave. and Pearl Park Way.



Economic Development Grant
Of the real property taxes and business personal property taxes paid each year to Mecklenburg
County and the City of Charlotte, 90% of the increase over the 2005 base year is returned to the
project.

Grant payments are projected to continue through approximately 2023.
Greenway and Lineal Park Plan
Improved Infrastructure
Community Benefits

• Redevelopment of the third enclosed mall constructed in 1959 by James Rouse

• Redevelopment met the objective of the Center City 2010 and the Central Business
  District Plans

• Enhanced Greenway by providing restaurants and residential that will enliven this
  important open space

• Catalyst for redevelopment of Second Ward

• Improve the gateway to downtown both visually and with better pedestrian connectivity

• Infrastructure Improvements; new intersection at Kenilworth and Independence, realigned
  Baxter Street

• Creates main retail entrance closest to the anchor tenants in order to support shop space
  on Charlottetown Avenue

• Pedestrian-friendly access for the Cherry neighborhood via Baxter Street

• Restaurants on Greenway support Convention Center and expanding residential base
  downtown
Mixed Use: That has transformed a city

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Mixed Use: That has transformed a city

  • 1. MIXED USE - That Has Transformed a City
  • 4. ASHLEY PARK – Under Development
  • 9. Project Summary Phase 1 – North of Charlottetowne Ave. Target 135,000 square feet Home Depot Design Center 120,000 square feet Total Retail 255,000 square feet Wendy’s 1,500 square feet Parking Spaces 900 spaces Phase 2 - South of Charlottetowne Ave. Retail – Anchors 110,876 square feet Retail – Restaurants & Shops 61,054 square feet Total Retail 171,930 square feet Office Space 170,400 square feet Residential Condominiums 101 units Parking Spaces 1,039 spaces
  • 15. MetLofts – Delivered in Fall 2008 60 of 60 closed MetLoft Interiors
  • 16. MetTerrace – Delivered in 2009 31 of 40 closed MetTerrace Interiors
  • 17. Public / Private Partnership Little Sugar Creek Greenway The entire Metropolitan development is adjacent to the Little Sugar Creek Greenway, a reclamation project being carried out by the City of Charlotte. The Greenway follows Charlotte’s Little Sugar Creek and provides bike path and outdoor spaces. When complete, it will be 15 miles long, stretching from the South Carolina line to just north of Uptown Charlotte. Metropolitan incorporates access to the Greenway into its seasonal eventing activities. The restaurants take advantage of the Greenway as well, with grade level and mezzanine dining areas oriented to overlook the open space. Affordable Residential Units 10% of residential units are made affordable to residents qualifying with 80% of AMI.
  • 18. Public / Private Partnership Transportation Improvements Extensive roadway improvements were constructed by the City of Charlotte, including realignment of Baxter Street, two new traffic signal installations on Charlottetowne Ave., and new bridges on Charlottetowne Ave. and Pearl Park Way. Economic Development Grant Of the real property taxes and business personal property taxes paid each year to Mecklenburg County and the City of Charlotte, 90% of the increase over the 2005 base year is returned to the project. Grant payments are projected to continue through approximately 2023.
  • 19. Greenway and Lineal Park Plan
  • 21. Community Benefits • Redevelopment of the third enclosed mall constructed in 1959 by James Rouse • Redevelopment met the objective of the Center City 2010 and the Central Business District Plans • Enhanced Greenway by providing restaurants and residential that will enliven this important open space • Catalyst for redevelopment of Second Ward • Improve the gateway to downtown both visually and with better pedestrian connectivity • Infrastructure Improvements; new intersection at Kenilworth and Independence, realigned Baxter Street • Creates main retail entrance closest to the anchor tenants in order to support shop space on Charlottetown Avenue • Pedestrian-friendly access for the Cherry neighborhood via Baxter Street • Restaurants on Greenway support Convention Center and expanding residential base downtown