The company has been working to purchase the 64,000-square-foot mixed-use property since November and plans to open a multi-level entertainment venue with upscale bowling, an arcade and more.

Peeps also designed the 110-year-old Latta Arcade at 320 S. Tryon St. in uptown. That property is now called The Alley at Latta Arcade and recently underwent a major facelift.

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