CHARLOTTE — Land sold late last week by The Olde Mecklenburg Brewery will make way for more multifamily and adaptive-reuse development in lower South End.
[ALSO READ: Projects bringing brewery, new development to Lake Norman town could soon pass]
Entities tied to OMB sold about 8 acres surrounding the brewery’s biergarten and manufacturing operation on Yancey Road. That property, wedged between Yancey Road, South Tryon Street and East Peterson Drive, was acquired by a joint venture formed by Charlotte developer White Point Partners and local real estate investment firm Cameron Property Co.
The deal closed on Feb. 11 in four transactions totaling $31.7 million, according to Mecklenburg County real estate records.
(Watch the video below: Olde Mecklenburg Brewery providing beer for Hannover Fair)
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