Old building between Craft and Seoul Food sold for adaptive reuse project

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The sliver of Church Street just south of Uptown has blown up in recent years.

With businesses like Craft, Seoul Food, Magnolia Emporium and Unknown Brewing, the area just keeps growing and growing. The reuse of the old buildings for new purposes has been fantastic and based on a recent sale, that trend will seem to continue.

314 West Bland Street (formally the WePak building) has sold to Magnus Capital Partners out of NYC for $4.25 million. The warehouse is a whopping 42,000 square feet and includes a ton of potential patio space.

Image via Google Maps

This site is currently something of an eyesore sandwiched between two of the city’s most popular places: Craft and Seoul Food. The plans for this building are totally up in the air, but it is a no-brainer for food and beverage at the corner with a ton of space left over for office, showrooms and other retail.

Some cool history about the building: Some sections date back to the 1920s. It served as the city of Charlotte’s first bus maintenance facility.

Another great touch: The location is adjacent to Unknown Brewing and Craft Tasting Room where a daylight basement will be opened up to face the alleyway between them.

This is a huge win for the Gold District.

There currently is no tenants or timeline, but I have no doubts this stretch of Church Street will continue to evolve into the place to be. Stay tuned as more details emerge.

Jim and Brooks Whiteside of Whiteside Industrial Properties represented the sellers in the transaction and also introduced the buyer to the property.

Whiteside Industrial Properties will be handling leasing of 314 West Bland Street for Magnus Capital Partners. Interested tenants may contact Whiteside at brooks@whitesideindustrial.com.

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Jason Thomas
| @jasonthomasclt |
Development expert since 2015.