Coliseum Center under contract for rehab

Coliseum Center under contract for rehab

Print
Email
|

by AMY COWMAN / NBC Charlotte

Bio | Email | Follow: @amywcnc

WCNC.com

Posted on March 12, 2014 at 5:03 PM

Updated Wednesday, Mar 12 at 6:00 PM

CHARLOTTE, N.C. -- There's some exciting news for east Charlotte: a major eyesore shopping center on Independence Boulevard has attracted buyers for renovation and rehab.

A company out of Texas is under contract to buy Coliseum Center.

“I think it's good; finally something's probably going to happen to this property. It's been a long time coming," said Paul Williams, owner of Earth Angel store.

Williams' Earth Angel store is one of only two lone survivors at the Coliseum Center on Independence, and he's hoping to stay now that the center is under contract to be bought by a company from Texas.

"My understanding is the company who is interested in the property does not want to tear it down, they want to rehab it," said Williams.

Williams says over the past years, he's watched the center be hit hard by road construction.

"When they started the piece of Independence in front of this shopping center, every store in the center was full; by the time they finished-- which took almost four years-- three quarters were gone," said Williams.

Which is why local east-side advocates, like Ed Garber, say getting the adjacent WalMart was the turning point, and now it can help support the renovated center.
 
"Some of the things that need to happen there is the connectivity with Walmart so people can use that exit to get to that property, make sure it's safe ," said Garber.

And Garber says it's about time someone invests in the historic center.

"Any progress that makes it look nice and makes it so people want to shop there again and can shop there again is excellent for the neighborhood," said Garber.

And after 20 years at the center, Williams says he hopes they'll be part of the new one.

"For us you know I think it's good, what that holds for us, we don't know, but we've been at this location for quite a while," said Williams.

The deal isn't done yet it’s scheduled for closing in June.

Print
Email
|