Mecklenburg Times: News for Mecklenburg, Union and Iredell counties Real Estate, Development, Construction, and Community News in the Charlotte area and throughout Mecklenburg, Union and Iredell counties
Two historic mill properties in Charlotte’s NoDa neighborhood are up for sale, the city said Monday.
The Mecklenburg and Johnson mills, which have sat vacant after failed redevelopment attempts, will be sold under a plan to redevelop the properties at 3315-3327 North Davidson St. into affordable housing.
After the north Charlotte neighborhood’s textile mills shut down in the early to mid-1970s, Trenton Properties took over the two buildings, and in the early 1990s they were converted to affordable housing.
Between 1990 and 2004 the city invested about $6.3 million to rehabilitate the buildings. But in 2006 the project went bankrupt, and the city took possession of the buildings. That same year inspectors found structural problems with the buildings and they were vacated.
In 2007 the city selected Tuscan Development to turn the old mills into a mixed-use development that would include low-income housing. But that deal fell through in late 2008 because of the complexity of the project and the lagging economy.
The properties will be sold as one parcel through an upset-bid process, during which bidders increase bid amounts until a highest bid is announced. Sealed bids will be due to the city Jan. 28.
The mills will then be sold to the highest bidder once the City Council approves the sale.
All bidders must attend a building walkthrough and meeting and at 9 a.m. Jan. 12 at the Johnston YMCA, 3025 North Davidson St.
Bid documents and instructions are at http://mecklenburgmills.charlottenc.gov/.
