Developers Secured Financing for Brooklyn & Church Project
The massive Charlotte redevelopment project has officially secured funding to begin construction in Uptown.
Updated on Oct. 6, 2026 in Commercial
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Developers have secured over $250 million in financing for the Brooklyn & Church redevelopment at 526 S. Church St. in Charlotte. The project will transform the former Duke Energy headquarters site into a mixed-use complex.
Why it matters
The project serves as a major adaptive reuse initiative in Uptown Charlotte, converting an iconic office site into a dense residential and commercial hub. It highlights the continued push for urban revitalization near prominent landmarks like Bank of America Stadium.
The development includes 460 luxury apartment units and roughly 60,000 square feet of retail space. Units will feature ceilings measuring 13 feet 6 inches in height.
The players
MRP Realty
This is a real estate investment and development firm that specializes in commercial and residential projects across the United States.
Asana Partners
This firm focuses on the acquisition and renovation of retail and mixed-use real estate in high-growth urban corridors.
Rockefeller Group
This company is a prominent real estate developer and owner known for iconic high-rise projects and large-scale urban developments.
JLL Capital Markets
This global financial services firm provides investment banking and debt advisory services for complex commercial real estate transactions.
The details
The development team, including MRP Realty, Asana Partners, and Rockefeller Group, utilized an adaptive reuse approach to repurpose the structure formerly occupied by Duke Energy. JLL Capital Markets managed the transaction, successfully securing both the construction loan and joint-venture equity.
Timeline
Construction has officially commenced at the site as of early October 2026.
Project completion is currently scheduled for early 2027.
Culture Shift
This development exemplifies the growing move to repurpose legacy corporate headquarters in dense urban centers for residential and retail use. It marks a departure from the traditional office-centric identity of Uptown, reflecting broader shifts in how cities utilize commercial real estate.
Residents in Uptown Charlotte can expect increased construction activity near the Bank of America Stadium through early 2027. The project aims to add significant luxury housing inventory and retail options to the immediate downtown neighborhood.
The takeaway
The transformation of the former Duke Energy headquarters signifies a major change for the Charlotte skyline as developers prioritize residential density. Investors and residents should monitor the construction timeline for upcoming shifts in Uptown commercial accessibility.
Further reading
Learn more about the latest projects in Charlotte Commercial.
Source note: This article includes information reported by Economic Times.
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