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Developer plans to breathe new life into historic Fayetteville building

Posted January 21, 2013

— The historic Hotel Prince Charles was once the centerpiece of a bustling Fayetteville, but years of disrepair and eventual bankruptcy nearly led to its demolition. 

Now, a developer hopes to remake the 87-year-old building into downtown's crown jewel.

"Someone came to me and suggested this building needed saving. They said that they needed a hero," said David Levinson, who purchased the building in December. "I took a look at it and had a vision – that of an elegant older building turned into a contemporary space with a great ballroom."

It will be quite a project. The hollow building has been stripped by thieves pilfering copper wire, fixtures and pipes, but Levinson said he plans to turn the hotel's 80 rooms into residential and business condos at about $80,000 each.

"It's a tremendous opportunity for people who want to live and work downtown to get a very nice place to live," he said.

David Levinson Developer to turn historic Fayetteville hotel into condos

He even expects Triangle law firms to open Fayetteville offices there.

"(It will be) a fabulous place for them to have a small office condominium, inexpensively," Levinson said. "There's a business center available to them, large and small conference rooms available to them, and it's right downtown."

Levinson, who developed the Anderson Creek Club golf community in Harnett County, said a feasibility study will have to be conducted before any renovations begin. That will likely take at least 6 months.

He said he had to give up on the idea of the Prince Charles being a hotel.

"I believe it's important for people who live in this building to have an ownership interest in the building," he said. "It has not succeeded in the past as a hotel."

Built in 1926, the Hotel Prince Charles has been vacant since Fayetteville officials deemed it unsafe in 2010.

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  • justabumer Jan 25, 2013

    Several years ago the previous owner of the building began renovations and put in one vinyl window and the city folks got their shorts in a wad because it wasn't "historically correct". I was downtown for a meeting and stood on the street in front of the building to get a good look at the offending window. I thought it looked very much like the older windows and it certainly was much more energy efficient. I agree with the poster who said that the city should stay out of the way and let the guy work on his building.

  • karmagrant Jan 22, 2013

    So he views himself as a hero? That's hilarious.

  • Sherlock Jan 22, 2013

    Heard this story before.

  • btneast Jan 22, 2013

    It hasnt had substantial business since the Vietnam era, and then it was 'business' of hourly room rates from the working girls taking G.I.'s up for a 'good time'. Yeah, I saw all this as a teenager.

    ...Yeah, me too. It was really a dump even then.

  • x138GMOU Jan 22, 2013

    Hate to be negative but I will give it two years before it costs the taxpayers another bundle and again becomes an eyesore that needs to be allowed to die a dignified death. It is a dangerous building, never been maintained properly.

  • rdc42179 Jan 21, 2013

    Mr Levinson has a track record of success and being a smart businessman. If anybody has the ability to make this place viable its him. Good luck to him, I look forward to the results

  • rcarter1 Jan 21, 2013

    Eightball: It could really be something nice if the City of Fayetteville will let someone do with it what needs to be done to refurbish it. I stayed there a few times when it was the Raddison and it was beautiful but downtown was still in infant mode to being what is is now. I think with the right people and the city letting it actually be upgraded to TODAY'S standards as long as it looks historic, then it would be an asset to downtown. The City of Fayetteville cannot see the forest for the trees, they are too greedy.

  • Eightball Jan 21, 2013

    And yet another gets sucked into this white elephant. It hasnt had substantial business since the Vietnam era, and then it was 'business' of hourly room rates from the working girls taking G.I.'s up for a 'good time'. Yeah, I saw all this as a teenager.

  • rcarter1 Jan 21, 2013

    If only the City of Fayetteville will let him do this. It's funny they want this building 'original' but you see other Hay St./Person St. buildings gutted and redone. They even had a stink over a new window the previous owner put in. If they would let someone redo it new but make it look original, the City of Fayetteville could make a killing off of this building in tax revenue. I think a few floors should be condos and maybe 2 floors actually hotel suites with a few extended stays. The ballroom would be stunning with a little TLC! I hope they put a coffee shop or something in there, I LOVE this old haunted building!!