Epicentre auction postponed until July

According to court documents, the three-story building that spans an entire city block will be sold “as is” to the highest bidder for cash.
The fate of the Epicentre has once again been postponed.
Published: May. 12, 2022 at 6:11 AM EDT|Updated: May. 12, 2022 at 10:38 AM EDT
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CHARLOTTE, N.C. (WBTV) - The Epicentre in uptown Charlotte was set to go up for auction on Thursday morning, but it’s been pushed back until this summer.

The auction at the Mecklenburg County Courthouse, originally scheduled for 10 a.m. Thursday, was postponed until July 26 at 10 a.m. A court document stated the postponement came after “good and sufficient cause” was shown to the substitute trustee.

“The sale was postponed at the request of the holder of the secured obligation under the aforesaid Deed of Trust,” court records stated.

The Epicentre in uptown Charlotte was set to go up for auction on Thursday morning, but it’s been pushed back until this summer.

With a new buyer unknown until later this summer, the remaining businesses in the Epicentre are in limbo. Business owners are just hopeful the new owners will be able to turn things around and allow them to continue operating their stores and restaurants.

“We was ready to put a bid in today, the thing is with it being postponed, it wasn’t disappointed at all because we didn’t have an expectations,” said Ducan Anderson, Owner of Heritage Gridiron Association.

The potential buyers want to breathe life back into the Epicentre and center it around family.

“Really resprout some of the restaurants, reboot some of the restaurants that’s already there, maybe drop in a few new restaurants, but the biggest thing is to create a family atmosphere with everything that’s going on and bringing everybody back together,” said Anderson.

Once the place to be, the Epicentre was a thriving hotspot full of nightclubs, shops and restaurants. Now, it’s a shell of its former self.

According to court documents, the three-story building that spans an entire city block will be sold “as is” to the highest bidder for cash.

The Epicentre in uptown Charlotte was once the place to be – a thriving hotspot full of...
The Epicentre in uptown Charlotte was once the place to be – a thriving hotspot full of nightclubs, shops and restaurants.(Source: WBTV)

The Epicentre closed at the start of the COVID-19 pandemic two years ago. Last June, the owner defaulted on a $85 million loan and the property went into receivership.

In March, a judge issued an order to begin the foreclosure proceedings.

Related: Epicentre foreclosure underway after judge issues order

Current business owners in the Epicentre are hopeful for the future, but the wait and uncertainty continue for now.

James Mack, Owner of Epic Times Watches and Jewelry said, “we need help, you know we’re in a situation that’s out of our control, we have done everything we needed to do.”

His business is one of the last few remaining in the complex, and they’re only open by appointment because of the decline in foot traffic.

Mack added, “with the uncertainty now, we’ve invested so much, we invested so much time and to have that potentially in a situation where it can be dissolved is just unfortunate.”

Mack is holding out hope for the new potential owner of the once popular entertainment hub.

One potential owner is hoping the Epicentre return to its glory days. Anderson said, “this is epic, and to create this into another epic experience for everybody to come and they can fall in love with the city the same way we need.”

The owner of Epic Times is hopeful the future buyer does not forget about the locally owned long-term tenants.

“Please do not forget the small businesses, please do not forget the little guys that’s been here for 6 and 7 years,” said Mack.

The potential buyers we talked to did not say how much they were willing to bid on the Epicentre but adds they were willing to put up a fighter.

Last month, WBTV spoke to several people who hope the new owners will revitalize the property and bring more shopping and restaurants to this prime spot in the heart of uptown.

The Epicentre closed at the start of the COVID-19 pandemic two years ago.
The Epicentre closed at the start of the COVID-19 pandemic two years ago.(Source: WBTV)

Charlotte City Councilman Malcolm Graham is hopeful the new owners will have an expedited plan to improve and revitalize the complex.

“We have literally no control other than influence, so obviously our economic development staff has been working with individuals who maybe interested in buying the property,” Graham said.

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