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queensguy06

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Posts posted by queensguy06

  1. 5 hours ago, KJHburg said:

    No I have not heard that.  It has an anchor tenant and things should start happening in late May when a certain business on the property closes.  

     

    36 minutes ago, CLT Development said:

    They have a 100+M construction permit and are fully financed.

    Any word on an updated construction timeline? I'm curious if the residential or commercial building is scheduled to start first after foundation/below grade work or if they plan a full buildout simultaneously with financing/tenant secured.

    1900 Lawrence here in Denver is coming along nicely; I'll try and snag some pictures this evening.

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  2. I just can’t imagine the office portion gets built anytime soon with a looming years long  recession. Add in the current office climate of remote work, things could get dire in the office market in Charlotte for several years.

    Uptown Vacancies on the Rise

    “Nearly 2.5 million square feet of buildings are deserted and almost 5 million square feet are at risk of going vacant.”  And I don’t see any company making major/large moves in securing new office space, meaning even if Queensbridge had interest from an anchor tenant at one point, I’d imagine that well dried up pretty quick. 

    With each cycle Charlotte has seen major projects get announced right before a downturn either to never materialize or be drastically reduced in scope - that was my fear when a nearly $1 billion, 3 tower development was announced. Which was altered to two buildings not long after. Now I think we’re down to one. 

    Four First Union - cancelled 2001, Trump Towers - cancelled 2008, Queensbridge ?

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  3. Last news article I remember from December quoted Riverside saying groundbreaking "early 2023."

    Riverside's new Class A building in Denver broke ground in April last year purely on spec. 30 stories/710,000 sqft office/10,000 sqft of retail. So far all I've seen is one tenant sign on for the top floor at 31,000 sqft and that happened in November. I don't know what any of this means - could mean they are bullish on spec; could mean they are having trouble finding tenants - maybe both?

    I do know that construction on 1900 Lawrence was delayed slightly with an original plan to deliver Q4 2023, and now is pushed back to 2024, most likely Q2 or Q3, and 1900 Lawrence isn't nearly as involved as the QB project. A lot goes into putting a project like this together and a delay of 1-3 months or longer is not uncommon by any means.

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  4. 1 hour ago, UptownGottie said:

    https://www.bizjournals.com/charlotte/news/2022/09/29/robinhood-terminates-investment-deal.html

     

    Does anyone know how many floors Robinhood was supposed to have in the Deloitte Building?

    I believe they occupied two floors before closing the office within the last month. The initial plan in 2021 was to create 400 jobs between 2021 and 2025 - at that time they had 7 full time workers in North Carolina working remotely.  Sounds like they had hired 82 full time employees up to this point and moved into Deloitte, and then decided to lay off 23% of the workforce across the company (after already cutting 9%) which included the entire Charlotte office.

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  5. 36 minutes ago, tozmervo said:

    I am 100% against underground bus bays. Denver is just one example, but there are many, many attempts that I would also consider social failures. The Port Authority Terminal is often mentioned, and it's an above-ground deck. I have used it before, and it sucks.

    The ultimate reality is that transportation hubs are subject to the same basic social dynamics as a city street. EYES. ON. THE. STREET. Trying to "hide" the system in any way just makes things worse. We have learned this over and over again and still ignore the reality. 

    I agree with others that this should be used as an opportunity to take a big step in de-centralizing the system, but even in that scenario there should be some kind of reasonable transfer/central station scenario for Uptown. Let's say half the bus routes currently connecting at CTC were moved, you are still going to have north of 10 routes crossing paths in Uptown (not including express routes, which really only go CTC-adjacent). CATS also has to think about support infrastructure, like break areas and restrooms for staff, customer service, and staging for buses. 

    The Port Authority Terminal is not an apples to apples comparison. Originally opened in the '50s I believe, it has had several additions over the decades and has become a monstrosity and outlier of underground/bus transit hubs with 223 individual bus bays/islands. We're talking about a 15+ bus bay in Charlotte. 

    I can certainly agree that some underground bus stations/terminals have been less than useful or even outright poorly designed. Those tend to be standalone stations built without any consideration or implementation as part of a greater planned project or area. For every poorly designed terminal I could point to one that is properly designed and incorporated to the surrounding grid/neighborhood. I think the greater Seoul metropolitan area is an example with new, under construction, and proposed underground bus terminals such as Gwanggyo, Jamsil, and Gangnam stations as examples. And I would most certainly point to Denver as good example when taking the 10,000ft perspective of it's entire lifespan and not the recent issues mentioned in my post above. The entire LoDo area has been revitalized and seen an enormous amount of new construction since 2014 and it was all based around the core construction of a multi-modal facility at Union Station that included the underground bus terminal which is a key component of the project. According to RTD, during peak rush hour a bus leaves the Union Station terminal every 48 seconds with minimal/no impact to traffic congestion or street level pedestrian connectivity that I have ever seen or encountered.

    Just like any form of transit/transit station/TOD, there will be examples of those that have been planned and implemented as successes and those that failed to hit the mark/meet the needs of the area. I would contend that most poor examples are ones that have been in service for 15+ years.  And by following the blueprints of newer stations/projects that have worked, Charlotte can implement that into a new development with similar positive results.

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  6. 14 hours ago, KJHburg said:

    Just consolidating these images we have so far.  These have come out one or two at a time it is hard to keep track.  Noticed on their website they are calling it 800,000 sq ft office tower. Maybe that is now settled.   The first image maybe oldest and the others are more recent. 

    https://riversideid.com/portfolio/150-north-riverside-n7pwr

     

    Major three-tower development to connect uptown Charlotte and South End in  highly prominent location

    Riverside Investment & Development reveals new look at massive project near  uptown - Charlotte Business Journal

    Riverside Investment & Development reveals new look at massive project near  uptown - Charlotte Business Journal

    Riverside Investment & Development reveals new look at massive project near  uptown - Charlotte Business Journal

     

    I’m still holding out hope that this is closer to 1 million sqft. That webpage hasn’t been updated since it went live back on December 27th and the actual 1111 S Tryon site is still under construction. I’ve also been keeping an eye on when they add a Charlotte office to their main page - currently have Chicago and Denver. 

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  7. 1 hour ago, DMann said:

    About what? SoFi is headquartered in San Fran and heavily invested throughout CA. Hell, the new rams/chargers multi-billion dollar stadium is SoFi Stadium, which I’m sure cost a pretty penny for naming rights. Golden Pacific is HQ in Sacramento. If the insinuation is offices in Charlotte I don’t see any connection whatsoever.

    EDIT: I was curious and looked up the naming rights agreement with SoFi and the stadium - 20 year naming rights term worth $625 million. 

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  8. 22 hours ago, KJHburg said:

    Peebles Corp.’s partner in the project is Charlotte firm Conformity Corp. BK Partners and the county agreed to contract terms in July 2018. Mecklenburg County, for the moment, still owns all the property targeted for redevelopment.  Pat Cotham, a county commissioners board member, voted against the BK Partners proposal because of concerns over a lack of affordable housing and park space. And she remains skeptical that the project will be built. “I love North Carolina, but I’m from Missouri and I’ve always had a Show-Me State philosophy,” she told CBJ. “So, I’ll believe it when I see it. It’s been five years. I haven’t seen a shovel turned.”

     

    Paging @Conformity  if he even still lurks on these forums - it's been a few years. Also, Conformity Corp. website is outdated by 2+ years with the latest project in their portfolio completing in 2017 - around the same time as Conformity's last post on this board.  Are there tea leaves to be read by this?

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