MetLofts – Delivered in Fall 200860 of 60 closed MetLoft Interiors
MetTerrace – Delivered in 200931 of 40 closed MetTerrace Interiors
Public / Private PartnershipLittle Sugar Creek GreenwayThe entire Metropolitan development is adjacent to the Little Sugar Creek Greenway, a reclamationproject being carried out by the City of Charlotte.The Greenway follows Charlotte’s Little Sugar Creek and provides bike path and outdoor spaces.When complete, it will be 15 miles long, stretching from the South Carolina line to just north ofUptown Charlotte.Metropolitan incorporates access to the Greenway into its seasonal eventing activities. Therestaurants take advantage of the Greenway as well, with grade level and mezzanine dining areasoriented to overlook the open space.Affordable Residential Units10% of residential units are made affordable to residents qualifying with 80% of AMI.
Public / Private PartnershipTransportation ImprovementsExtensive roadway improvements were constructed by the City of Charlotte, including realignmentof Baxter Street, two new traffic signal installations on Charlottetowne Ave., and new bridges onCharlottetowne Ave. and Pearl Park Way.Economic Development GrantOf the real property taxes and business personal property taxes paid each year to MecklenburgCounty and the City of Charlotte, 90% of the increase over the 2005 base year is returned to theproject.Grant payments are projected to continue through approximately 2023.
Community Benefits• Redevelopment of the third enclosed mall constructed in 1959 by James Rouse• Redevelopment met the objective of the Center City 2010 and the Central Business District Plans• Enhanced Greenway by providing restaurants and residential that will enliven this important open space• Catalyst for redevelopment of Second Ward• Improve the gateway to downtown both visually and with better pedestrian connectivity• Infrastructure Improvements; new intersection at Kenilworth and Independence, realigned Baxter Street• Creates main retail entrance closest to the anchor tenants in order to support shop space on Charlottetown Avenue• Pedestrian-friendly access for the Cherry neighborhood via Baxter Street• Restaurants on Greenway support Convention Center and expanding residential base downtown