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

MetLoft Interiors

MetLofts – Delivered in Fall 200860 of 60 closed

MetTerrace Interiors

MetTerrace – Delivered in 200931 of 40 closed

Public / Private Partnership

Little Sugar Creek GreenwayThe 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 Units10% of residential units are made affordable to residents qualifying with 80% of AMI.

Public / Private Partnership

Transportation ImprovementsExtensive 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 GrantOf 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