One of Charlotte’s most legendary music venues recently sold for $5.6 million to a subsidiary of LCRE Partners.
The sale included the entire building on the corner of 36th and North Davidson, which includes The Neighborhood Theater, Boudreaux’s, the Sanctuary, Salud Beer Shop and FuD at Salud.
Mecklenburg County’s Register of Deeds states that the new owner of the property is ’36 and NODA LLC’, an entity created by LCRE Partners.
The company doesn’t currently have any plans to demolish or significantly alter the building. They plan on unfitting differed maintenance issues for the short term, and will decide the future of the building once the new light rail extension up to University City is completed, according to a statement from LCRE.
NoDa is currently one of the fastest growing areas of our city, with massive new developments changing the entire landscape of the neighborhood, including the Mercury NoDa Apartment complex, and the just-announced ‘NoDa Station‘, a sprawling 5-story mixed-use development.
It would be another huge blow to the local music scene in Charlotte if LCRE did decided to redevelop the Neighborhood Theater, considering we’re already losing The Double Door and Amos Southend – and that the fate of The Milestone still remains uncertain.
Do you think Charlotte should fight to keep our remaining music venues?