Crowning A New Purpose
Office-to-Residential Conversions in Uptown Charlotte
Ascent Housing is proud to present "Crowning A New Purpose," a strategic framework for developing office conversion projects that support Uptown Charlotte's housing affordability and essential service needs. This study assesses the market opportunity, likelihood of conversion, programming potential, and financing strategies for office-to-residential conversions in Charlotte's urban core, promoting new housing supply and supportive service offerings across a diverse range of incomes. Our report findings indicate that current conditions are optimal for an innovative public-private partnership model focused on building a more inclusive and resilient Uptown.
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Photo courtesy of Charlotte Center City Partners | Photo credit to Patrick Schneider PhotographyOur Study Partners:
A special thank you to the City of Charlotte and the Charlotte-Mecklenburg Historic Landmarks Commission for your generous financial support and guidance, without which this study would not be possible.