Owners of these 16 high-value Charlotte buildings challenged county’s 2023 revaluation

A number of owners of properties in Charlotte with tax values of hundreds of millions of dollars questioned the county’s 2023 revaluation of those sites, according to county data.

Many of them are concentrated in uptown.

They are among the more than 20,000 properties that underwent an informal appeal during Mecklenburg County’s 2023 revaluation process, just under 7,000 of which progressed to a formal appeal by early July.

More than 400,000 properties were valuated across the county.

Revaluation, which is conducted every four years by the Mecklenburg County Assessor’s Office, determines the tax value of a property and is a key component in determining the next tax bill. Property owners had 30 days after the date listed on their revaluation notification to file an informal appeal with the county assessor.

Here are some of the highest-value properties in Mecklenburg County whose owners appealed their 2023 revaluation:

Truist Center

Address: 214 N. Tryon St., Charlotte, NC 28202

Valuation: $430.73 million

What to know: Previously known as the Hearst Tower, this uptown office building was purchased by the bank Truist in 2019 for $455.5 million, The Charlotte Observer reported at the time. The 46-story building was opened in 2002 by Bank of America.

Founders Hall

Address: 100 N. Tryon St., Charlotte, NC 28202

Valuation: $369.31 million

What to know: Located in uptown, Founders Hall is connected to the Bank of America Corporate Center and includes shopping and event venues. It is owned by Bank of America, according to county property records.

Trade Street parking garage

Address: 227 E. Trade St., Charlotte, NC 28202

Valuation: $303.41 million

What to know: This property, owned by Bank of America, includes a parking garage.

Three Wells Fargo Center

Address: 401 S. Tryon St., Charlotte, NC 28202

Valuation: $244.07 million

What to know: This 32-story tower is one of four office buildings that make up the Wells Fargo Complex in uptown, according to developer Childress Klein. It was completed in 1999. The bank announced in January it would be concentrating employees that previously worked in two of the other buildings in the complex in Three Wells Fargo Center and the former Duke Energy building, the Observer reported previously.

Fifth Third Center

Address: 201 N. Tryon St., Charlotte, NC 28202

Valuation: $232.24 million

What to know: Another uptown office building, this 30-story tower is managed by an Atlanta-based real estate company.

University City building

Address: 8335 IBM Dr., Charlotte, NC 28262

Valuation: $229.42 million

What to know: This building in the vicinity of the University City area is home to multiple businesses, such as a chiropractor’s office and employment agency. It’s in Innovation Park, a campus that dates back to the 1980s and was formerly the IBM headquarters. It’s currently owned by a Florida-based commercial real estate company, according to county property records.

Regions 615

Address: 615 S. College St., Charlotte, NC 28202

Valuation: $198.95 million

What to know: This property is another uptown office building. It’s home to a mortgage company, a marketing agency and more. It’s adjacent to Interstate 277. The building is owned by a Nashville,Tennessee-based company, according to county property records.

Gateway Village

Address: 800 W. Trade St., Charlotte, NC 28202

Valuation: $183.43 million

What to know: Part of the Gateway Village complex, this building houses a Starbucks, Chick-fil-a and more. It’s owned by Bank of America, according to county property records.

Railyard in South End

Address: 1422 S. Tryon St., Charlotte, NC 28203

Valuation: $175.3 million

What to know: This South End location includes a WeWork coworking space, the restaurant STIR and more. It’s owned by the Atlanta-based Cousins Properties.

558 E. Brooklyn Village Ave.

Address: 558 E. Brooklyn Village Ave., Charlotte, NC 28202

Valuation: $151.99 million

What to know: Another uptown building, this location on E. Brooklyn Village Avenue houses a variety of businesses. It’s owned by a Denver, Colorado-based real estate investment company, according to county property records.

Catalyst Charlotte

Address: 255 W. Martin Luther King Jr. Blvd., Charlotte, NC 28202

Valuation: $145.68 million

What to know: This uptown apartment building offers multiple studio, one- and two-bedroom floor plans. Adjacent to Romare Bearden Park, the facility also has restaurants and retail and other amenities for residents. It was purchased by C and J Catalyst, run by a Massachusetts-based investor, in 2011, the Observer reported previously.

300 S. Brevard St.

Address: 300 S. Brevard St., Charlotte, NC 28202

Valuation: $143.19 million

What to know: Another multi-story uptown facility, this building on S. Brevard Street is home to the Public House restaurant, Middle C Jazz and more. It’s owned by a Florida-based limited liability company, according to county property records.

Charlotte Premium Outlets

Address: 5404 New Fashion Way, Charlotte, NC 28278

Valuation: $138.64 million

What to know: The Charlotte Premium Outlets, part of the Simon Property Group, features a variety of shops and restaurants.

Bradham at New Bern Station

Address: 145 New Bern St., Charlotte, NC 28209

Valuation: $137.26 million

What to know: This South End apartment complex offers studio, one- and two-bedroom apartments. The complex has “direct access to New Bern Station on the Charlotte Rail Trail.” It is owned by a Charlotte-based limited partnership, according to county records.

One Independence Center

Address: 101 N. Tryon St., Charlotte, NC 28202

Valuation: $136.96 million

What to know: Another uptown tower, One Independence Center includes 23,000 square feet of retail and dining space. It’s owned by the Charlotte-based real estate developer Crescent Communities, according to county property records.

400 S. Tryon

Address: 400 S. Tryon St., Charlotte, NC 28285

Valuation: $136.42 million

What to know: This 33-story uptown building offers a variety of floor plans. It’s home to restaurants such as Rhino Market and Deli and Chex Grill. It’s owned by a New York-based investment company, according to county property records.