FCP℠ and White Point announce plans to redevelop historic Chadbourn Mill into a mixed-use development complete with office, retail, and dining space. Located at the corner of North Brevard Street and Jordan Place, Chadbourn will be the latest addition to Charlotte’s booming Mill District, within walking distance of Optimist Hall, NoDa’s entertainment and residential districts, as well as the LYNX Blue Line 25th St. station.
“We look forward to adding Chadbourn to our adaptive re-use portfolio in Charlotte, and to partner with FCP in doing so,” says Jay Levell, co-founder of White Point. “As we’ve seen with the recent success of Optimist Hall and Bowers, the demand for converted warehouse space for working, dining, and shopping—if done right—is only growing in Charlotte, so further redevelopment in the Mill District continues to be a priority.”
Chadbourn was a hosiery and textile mill, in operation from the 1930s to the 1970s, producing mostly women’s clothing. The building last saw hosiery and garment production more than four decades ago, but White Point and FCP plan to bring the mill back to life as a mixed-use development incorporating 40,000 square feet of office space, a 2,000 square foot restaurant, and local retail opportunities.
“FCP is excited to join White Point in the creation of an outstanding commercial community at Chadbourn,” says FCP Sr. Vice President, Erik Weinberg. “The redevelopment of this building, which represents an important time in Charlotte’s history, is consistent with FCP’s adaptive re-use experience and strategies throughout the Southeast U.S.”
White Point and FCP have hired Cline Design Associates to maintain the historical integrity and character of the structure, while providing modern and inviting working, dining, and retail experiences. Integrated landscape design and architecture will connect the interior and exterior spaces for a lively village feel throughout the property. JLL will be leasing the office component of the development, with Thrift Commercial Services handling the retail leasing. Construction is expected to be complete in 2020.
“Chadbourn will provide an opportunity unlike any other in Charlotte right now, to be in a historic building with modern upgrades and within walking distance of everything NoDa and Optimist Park have to offer, and just a few light rail stops from both Uptown and University,” says Charley Leavitt, commercial real estate broker for JLL.
Prospective office tenants should contact Charley Leavitt by phone at (704) 927-3002 or by email at charley.leavitt@am.jll.com. Prospective retail tenants should contact Charles Thrift at (704) 622-1795 or by email at charles@thriftcres.com. More information on the property is available at www.chadbournclt.com.
ABOUT WHITE POINT
White Point is a private real estate investment firm that utilizes specialized market knowledge, an extensive network, and entrepreneurial approach to pinpoint unique investment and development opportunities. Based in Charlotte, NC, the firm develops and invests in office, mixed-use, adaptive re-use, and multifamily properties across the Southeast. Since 2014, the team has developed or acquired over $700 million of real estate assets on behalf of high net worth and family office investors. For more information on White Point, visit www.whitepointpartners.com.
ABOUT FCP
FCP℠ is a privately held real estate investment company that has invested in or financed more than $6 billion in assets since its founding in 1999. FCP invests directly and with operating partners in commercial and residential assets. The firm makes equity and mezzanine investments in income-producing and development properties. Based in Chevy Chase, MD, FCP invests both its commingled, discretionary funds and separate accounts targeted at major real estate markets in the United States. For further information on FCP, please visit www.fcpdc.com.
