Says here that Crescent Communities is planning to redevelop the parcel in NoDa that currently houses the Chop Shop. Is this at all surprising? No. As land prices continue to go up in Charlotte’s hot neighborhoods — and NoDa would certainly qualify — it’s just difficult to generate enough revenue from a (large) music club to pay the increased rents. Think high expenses from of all the space you need but very inconsistent revenue streams.
I wouldn’t be at all surprised if we saw other notable Charlotte music clubs either close or forced to move in the short-to-medium term for exactly the same reason.
Bonus observation: In order to make a medium- to large music club work down the road may require the club owner to actually own the property and not lease it.
