EpiCentre Exits Bankruptcy Protection With New Owners

Blue Air 2010, a Boston-based hedge fund, acquired the EpiCentre’s $93.9 million debt in November 2010 from Regions Financial Corp. EpiCentre's original developers, Afshin Ghazi and George Cornelson III, went into Chapter 11 bankruptcy to avoid foreclosure. The project's unsecured creditors could have lost most of their claims but will now be paid in full, according to the the reorganization plan approved by the court.

The deal includes:

• 302,000-sqft entertainment complex 
• anchor tenant EpiCentre Theaters 
• rights to parking deck revenue from 400 parking spots 
• the development rights for a condominium project on the building’s rooftop 
• The leases are being assumed and continuing relationship 

The popular complex is located on the site of the former convention center at College and East Trade streets in uptown Charlotte.

Rooster’s Wood-Fired Kitchen Opens Uptown

Located in uptown Charlotte, Rooster’s now occupies 5,000-sqft in the One Bank of America Center on College Street, and via the building’s urban garden on the second floor. Featuring reclaimed barn wood, hand-forged iron fixtures and built-in wooden wine racks, the restaurant is owned by Jim Noble.

SKYE Building Signs Hyatt Place

Small Brothers of Naples, FL have signed a franchise agreement with Hyatt Hotels Corporation. After entering the building through a two-story lobby on the first floor, hotel guests will check in at a lobby on the 10th floor. The 172-room hotel with panoramic views of uptown will continue up to an open-air rooftop restaurant on the 20th floor. Located at 222 South Caldwell Street Charlotte, NC 28202 and Third Street in "Uptown" Charlotte GPS:35.22258,-80.84097 is ideally suited for convention and business activities.

The lobby's style is elegant modernism with a nod to art deco.
imported marble and granite flooring and wall accents
full valet service for visitors and residents