Reached by phone, James Mack, owner of Epic Times Jewelry and Watches, said his business had fallen behind on rent by about $1,100 in recent months, and was told to vacate the Epicentre by Aug. The Epicenter currently lists fewer than 20 tenants on its website, including four restaurants, a CVS, the Bowlero bowling center, and a dental office.Īt least one tenant plans to move out by the end of the month. The real estate company currently managing the Epicentre, CBRE, said in a statement it would continue to lease and manage the property. Deutsche Bank did not immediately respond to a request for information on what it might do with the site if the sale is finalized. Plans for the Epicentre's future are uncertain. ![]() The center encountered more turmoil during the COVID-19 pandemic, when public health orders barred nightclubs, bars, bowling alleys and movie theaters from opening for several months in 2020, and required restaurants to switch to takeout only.īy 2021, the center was 70% vacant, and the company that owned the complex, CIM Group, defaulted on its $85 million loan.įoreclosure proceedings began in March 2022, and an auction date was set for May 12, then postponed to July 26, then postponed again to Aug 9. The center became mired in negative headlines after a pair of deadly shootings in 2019, and the center began to lose business to a new crop of bars and restaurants that gained popularity in South End. It was a focal point during the 2012 Democratic National Convention, when MSNBC hosted live broadcasts from its inner plaza, and it was a popular hang-out spot during CIAA tournament weeks and NBA All-Star Games.īut the hotspot began to cool in the years leading up to - and during - the COVID-19 pandemic. The auction and $95 million bid are the latest developments in a long saga for the troubled entertainment complex, which opened in 2008 as a major destination in uptown Charlotte.Īt its height, the 300,000-square-foot site had bars, restaurants, a nightclub, bowling alley and a movie theater. 19, the bank will take control of the property. If another bid is made, another 10-day upset bid period will follow. Now, Deutsche Bank Trust must wait 10 days, in which other parties can make "upset bids" that are at least 5% higher than the $95 million starting bid. The bidding at Tuesday's auction lasted less than a minute, and only one bid was made - from creditor Deutsche Bank Trust Company Americas. ![]() ![]() The complex was once the center of the city's nightlife but struggled to keep tenants and patrons in the years leading up to and during the COVID-19 pandemic. A German investment bank has bid $95 million to buy the troubled Epicentre entertainment complex in uptown Charlotte.
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