Developer Duo Begins Redevelopment of Former Duke Energy Building

The former Duke Energy building in downtown Charlotte is going down. It needs to be demolished so Asana Partners and MRP Realty can move forward on their $250 million redevelopment plan. The Charlotte Business Journal reports the building at 526 S. Church St. won’t be demolished until the fall, and construction should start soon after. Full delivery is slated for the fourth quarter of 2026. The project team includes SK&I Architecture, LandDesign, Morris Adjmi Architects and Balfour Beatty.

The plan includes converting the 1970s-era office tower into 448 luxury apartments with 25,000 square feet of ground-floor retail space and demolishing the front lobby and atrium. That would reduce the total square footage by about 230,000 and make way for a three-story, 30,000-square-foot retail building.

Asana Partners and MRP paid $35 million for the site in December 2022.

Duke Energy Plaza is moving into a new 40-story tower at 525 S. Tryon St.