Popular Charlotte Nightspot Months Away From Foreclosure, But These Tenants Remain
It was once the ‘Go-To’ spot for uptown Charlotte nightlife. Crowds went there for CIAA parties, the Democratic National Convention and NBA All-Star Game events. But, now the Epicentre is close to foreclosure.
The Charlotte Observer reports the three-story entertainment complex in the center of uptown at 210 E. Trade Street went into receivership this week after defaulting on its $85 million loan. So far, it is not clear just how much the foreclosure will impact the Epicentre and its businesses.
Though it looks abandoned, a little over 30% of the tenant spaces are occupied based on the Epicentre website.
BUSINESSES OPEN AT EPICENTRE
- Insomnia Cookie
- Epic Times jewelry store
- Fuji Hibachi and Teriyaki Grill
- Flemings Steakhouse
- Mortimer’s Cafe
- Red Eye Diner
- Tailored Smoke
- World of Beer
- Novant Health
- Skyview Dentistry
- Seaport Global financial office
- State Farm.
The real estate and investment firm CBRE Inc. is managing the property. Company representatives say they are working to stabilize Epicentre. The foreclosure is expected to be complete by next quarter.