Title
Brooklyn Village Redevelopment Update
Action
ACTION:
Receive as information an update on the Brooklyn Village Master Redevelopment Agreement
Staff Contact: Jacqueline McNeil, Asset and Facility Management
Presentation: Yes
BACKGROUND/JUSTIFICATION:
The Brooklyn Village Master Redevelopment Agreement between the County and BK Partners, LLC governs the phased disposition of County-owned property in the Second Ward neighborhood of Uptown Charlotte. Phase I of the property (the former Walton Plaza building and grounds) was conveyed to BK Partners in July 2023.
At its August 7, 2024 meeting, the Board received an update from BK Partners on the delay to start construction of the Multi-Family Vertical Improvements in Phase I due to unfavorable market conditions. A representative of BK Partners will present a revision to Phase I that proposes construction of more affordable housing units.
PROCUREMENT BACKGROUND:
N/A
POLICY IMPACT:
N/A
FISCAL IMPACT:
N/A