Developer Seeks Up To $19M In Tax Incentives

Industry News,

The new owner of the former Duke Energy headquarters building uptown is proposing that the city and county give tax breaks of up to $19M to transform the old office building into apartments.

At a meeting last week of the county’s economic development committee, Welch Liles, a managing director of Asana Partners, said that the plan to convert the office building into 448 apartments and retail space would represent a “first-of-its-kind conversion opportunity in Charlotte” — but that it can’t be done without a “partnership” with Mecklenburg County and the city of Charlotte. 

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