PREMIER EAST MOREHEAD URBAN CORRIDOR - East Morehead Street serves as one of Charlotte’s primary east-west thoroughfares connecting Uptown, South End, Dilworth, and Myers Park - Immediate proximity to Uptown Charlotte (±1.0 mile) and South End (±1.5 miles), two of the city’s largest employment and lifestyle hubs - Corridor characterized by dense infill development & adaptive reuse projects HIGH-BARRIER-TO-ENTRY INFILL LOCATION - East Morehead Street is largely built out with limited remaining developable land due to historic neighborhoods, zoning constraints, and institutional ownership - Scarcity of vacant parcels creates meaningful barriers to entry and supports long-term land value appreciation - Replacement land opportunities within the corridor are extremely limited DENSE AND AFFLUENT INFILL DEMOGRAPHICS - 1-mile demographics include an Average Household Income exceeding $130,000 and a population of approximately 16,000+ residents - Surrounding neighborhoods include Dilworth, Myers Park, and South End--Charlotte’s highest income submarkets - Area supports a strong renter-by-choice and young urban professional population base FLEXIBLE DEVELOPMENT POTENTIAL - NC zoning is intended for neighborhood centers allowing for a wide range of uses - Developers can pursue up to roughly 4–5 (potentially 6) stories, medical office, professional office, boutique hotel (with conditions), retail/restaurant, and residential over retail - Recent residential development across the street RETAIL, DINING & LIFESTYLE AMENITY CONCENTRATION - Over 2 million SF of retail space within a 1-mile radius - Nearby amenities include South End dining, Dilworth neighborhood retail, Freedom Park, and the Little Sugar Creek Greenway - Area consistently ranks among Charlotte’s most walkable and amenity-rich urban environments A TOP PERFORMING MARKET NATIONALLY - Charlotte MSA has added more than 215K people from 2020 to 2024, making it the 5th fastest growing city in the country - The Charlotte, NC region is expected to add 1.5 million residents and reach 4.5M by 2050