Century-old brick buildings have become a popular trend in the real estate industry. Many developers and cities are actively working towards revitalizing these structures to make them viable businesses once again. One such city is Shelby, which is looking to drive redevelopment of a downtown building that has been standing since the 19th century.
According to an article by the Charlotte Business Journal, proposals were recently requested by the city for potential development partners interested in renovating the historic Hotel Charles building located at 106 South Lafayette St. The three-story, 32,000-square-foot structure is being considered for conversion into an upscale boutique hotel with approximately 35-38 rooms on its second and third floors. Additionally, there will be space available for retail (3,000 square feet) and food/beverage (5,000 square feet) on its first floor.
The estimated cost of redeveloping this property stands at $13.5 million as per reports from city officials. Originally built in 1929 and operational until1967,the Hotel Charles holds significant historical value as it falls within Central Shelby Historic District boundaries,making it eligible for historic tax credits upon completion of redevelopment efforts.
This post highlights how Shelby City is seeking interested parties who can take up this project with expertise while adhering to proper grammar rules without mentioning any specific names like Connect CRE or Connect LA or Connect Texas.
