Brooklyn & Church Redevelopment Secured $250 Million
The former Duke Energy headquarters in Uptown Charlotte will transform into 460 luxury apartments by 2027.
Updated on Oct. 6, 2026 in Commercial
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Developers have secured over $250 million in financing for the Brooklyn & Church project, an adaptive reuse development at 526 S. Church St. in Uptown Charlotte. The site, which formerly served as the Duke Energy headquarters, is set to open with luxury residential units and retail space in early 2027.
Why it matters
This project repurposes a prominent Uptown location near Bank of America Stadium, significantly increasing housing density and local retail availability. The transition from office use to mixed-use luxury residential marks a major shift in the area's development landscape.
The development covers 460 luxury apartments and approximately 60,000 square feet of retail space. Financing for the project exceeds $250 million.
The players
MRP Realty
A developer focused on residential and commercial adaptive reuse projects across major metropolitan markets.
Asana Partners
A retail-focused investment firm that manages urban mixed-use properties.
Rockefeller Group
A long-standing real estate developer known for large-scale urban commercial and residential projects.
JLL Capital Markets
A global real estate services firm that facilitates financing and investment sales for large-scale development projects.
The details
The development utilizes an adaptive reuse approach to convert the existing office building into a modern living and shopping hub. JLL Capital Markets arranged the joint-venture equity and construction loan to facilitate the conversion of the former headquarters into residential use.
Timeline
Construction began following the recent financing milestone.
The project is expected to reach completion in early 2027.
The Home Front
The Brooklyn & Church project aligns with the national trend of converting aging urban office buildings into residential communities. This adaptive reuse strategy directly addresses the need for increased housing supply in established downtown business districts.
Residents living near the S. Church St. corridor should prepare for ongoing construction activity in the vicinity of Bank of America Stadium through 2027. If you are interested in future residency at this location, monitor official announcements from the developers for leasing waitlist opportunities.
The takeaway
This redevelopment signals a major transformation for Uptown, turning vacant office space into high-density housing. Prospective renters should keep an eye on project progress reports for potential updates on pre-leasing timelines as the 2027 completion date approaches.
Further reading
Learn more about the evolving landscape of local real estate in our Commercial section.
Source note: This article includes information reported by Economic Times.
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