The Charlotte City Council recently approved the sale of land in the West Sugar Creek Corridors of Opportunity for affordable housing development.
The property, previously home to a crime-plagued hotel, was acquired by the city in April 2023. The new sale will transfer the land to Marcus Kornegay’s Prosperity Hidden Valley, LLC, for $1.
The current property includes 5 buildings at the corner of Sugar Creek and I-85.
The development plan includes tearing down the current motel and building at least 39 affordable townhome units for families earning 80 percent or less of the Area Median Income. These units will remain affordable for 20 years, supported by programs like the House Charlotte Downpayment Assistance Program and specialized mortgage options for low- and moderate-income buyers.
This initiative aligns with the city’s strategy to revitalize the Corridors of Opportunity, addressing community feedback to reduce problematic hotels in the Sugar Creek and I-85 area.
“This project has brought attention to other underperforming hotel or motel properties. But it’s not the only way that the city is investing in the corridor, either. We have been working hand in hand with the new Sugar Creek Business Association, which is focusing on organizing the business owners within the corridor,” said Corridor Revitalization Coordinator Erin Gillespie in a press release. “We also received a large federal grant last year for the Sugar Creek mobility corridor project, which will bring a whole suite of mobility infrastructure investments to the community. So this housing project is a huge investment and a really big win. And it’s one of many ways we’re working with the community to grow the corridor.”
What do you think about the new project?
