Late last month, the Charlotte office of Dallas-based Balfour Beatty started roughly $1 million in cosmetic and repair work at the Uptown entertainment complex that was mired in bankruptcy proceedings until a judge in March OK’d a liquidation plan that transferred EpiCentre ownership to Blue Air 2010.
When developer Afshin Ghazi was ordered to pay $1.5 million in a bankruptcy settlement last month, it marked the end of struggle to turn around the EpiCentre. Some say Ghazi will bounce back; others say his chances of getting financing are slim.
Elaine Rudisill is OK with not being popular. And as court-appointed trustee for the EpiCentre – and one of the most powerful figures in the ongoing legal battle involving the shopping and entertainment complex – there are lots of reasons people might not like her. For one, Rudisill has full control over the EpiCentre, and [...]
More than 300 investors purchased condominiums at Charlotte’s EpiCentre in hopes of enjoying a Center City lifestyle. But after five years of waiting, some investors, such as 36-year-old Andre Williams of Charlotte, are just hoping not to lose their money. “I have all the hope in the world,” Williams said Monday. “Right now, I’ll still [...]
With an announcement that an unnamed investor may purchase a $93.9 million loan on the EpiCentre, a group of about 40 contractors and others who say they are owed more nearly $10 million is wondering what the news means for them. EpiCentre says it owes the group, including contractors who built the complex and storeowners [...]