Dub_Ag
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Posts posted by Dub_Ag
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I Googled Camden Southline to see if i could find a rendering and found they've got a website. Got a rendering of the project up on it too.
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Is it too soon to add this to the map: Morgan Group looking at Apts at the corner of Remount and South Blvd?
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Anybody got a good before and after? From my recollection, Old Furman design was not near as appealing as this redesign.
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The 3+ acres at the corner of South & Remount is under contract for more apartments. This will also include ground floor retail. Camden had this parcel under contract at one point and dropped it partially b/c there is a deed restriction that they'll need to get removed that does not allow residential. Assuming the environmental issues can be resolved, they should be able to get the deed restriction removed.
ProDev, any idea who the developer is for this site?
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I'm sorry but I respectfully beg to differ. Ashton South End sits on a similar acreage and contains 310 units. Camden West Blvd will be oriented similarly, have some of the largest units in the market and be 325 units. Previous design spanned the same 3.5 acres and included 175 units and was 5 floors. All indications I've seen in press releases and hearsay from friends in real estate say 9-12 floors. Just my 2 cents.
The Observer was always wrong, with Kettler and Camden it was always slated to be a 4-5 story stick product (dont always believe what the media tells you). 9k sf of retail is staying.
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That is the former version of the project. The project has sense been increased from 175 units to nearly 400. It will be 10-12 floors.
The site is 3.5 acres and last publication stated around 325 units. Standard density for a mid-rise (4-5 stories) is 75-90 units/acre. I assure you it will be mid-rise and NOT 10-12 floors. 10-12 floors on that much acreage would yield upwards of 700+ units.
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The architect for the East/West project is Axiom architecture and from the (dated) rendering on their website, the project is going to be 4-stories of residential over retail. Classic mid-rise.
http://axiomarchitecture.com/projects/on-the-boards/centro-studios-southend/
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I think they should take some design cues from the confederate warehouse they converted.
Out of all the projects I've seen, this would be the most inline for the current asthetics and vision of historic Southend.
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Where is this? This is great!
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I'm not sure what to be more astounded by, their expectations for rent or that their studios are 400 sf!
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Is there another city with a comparable neighborhood to what Southend will look like in about 5 years?
What I'm saying is, does Houston have a Southend? Or Dallas? Or Atlanta? Obviously not specifically called Southend, but just a similar neighborhood that has seen a boom from transit that is dense, oriented close to downtown possibly contains mill architecture. Or will this be unique to Charlotte?
I think best example is Midtown in Houston. Just south of downtown Houston, light rail runs right through it, was slowly redeveloped over the years (apartments started the movement) through what is called a TIRZ, similar to Charlotte's brownfield redevelopment incentive program. It is now the spot for not just nightlife- bars, restaurants and young professionals, but there are a number of really high end restaurants and boutiques that have come in and transformed the area. This transformation started about 5 years earlier than South End, but if you go there today, property values have skyrocketed and the area is truly a nice walkable area.
One difference: Charlotte's done a much better job at creating development around the rail and determining early on that the rail is an amenity to the area. Midtown is just now starting to pick up on that ideal, but development did not particularly follow along the rail like it does in Charlotte.
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Look for an announcement about West and Camden.
Rumor has it Camden will be closing on and developing the West and Camden site.
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They're still looking for equity for this deal, so demo/construction is still pretty far off.
Word on the street is Centro is back.
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The site is a development integration between the two parties, but the sites are separate and are being developed as such, therefore leaving approx. 4 acres for each party. That being said, there's only enough room for half that many apartments and no units above the retail.
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Junction looks like it will be fairly nice, all things considered. It's a well done garden-style deal with nice finishes. Fountains, on the other hand, is a strange design and overall concept with the half surface half podium parking and 4 story buildings. I dont care too much for it.
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In case anyone was interested, Circle at SouthEnd will soon become a Post community.
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Par for the course, sure, maybe if it were another Urban 4-story deal with structured parking, but 3-story walkup with surface parking and they're going to be asking for rents like that, is just crazy. It's going to be a blood bath for about 18 months once all those units come online at the same time and they're all competing for tenants to complete their lease up. It'll be a great time to be a renter, you should be able to get some great deals.
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Given a little work, I'd like to go back through these new complexes and figure out how many new apartments are being built around New Bern.
Below is a summary of the work and units in SouthEnd (i've been keeping tabs from information provided here):
Total # of Existing Units in South End: 2,055
Under Construction:
Community Units Developer Product Type
1225 Church II: 200 units Mid-America 4-story urban podium
Fountains @ SE: 208 units Profitt-Dixon Garden Style (4-story)
Simpson Lighting: 200 units Cambridge 4-story urban podium
Silos: 280 units Woodfield Garden style (4-story)
JLB SouthLine: 281 units JLB Garden style (3-story)
Colonial Grand 353 units Colonial 4-story urban wrap
Total Units Under Construction: 1,522
This does not include Park and Kingston bc i dont believe they have begun construction.
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In the short term, barrels and drilling rigs.
Longer term, I'll guess "urban wrap apartments" at the corner of South and Remount. I have not heard anything about the Iverson Way parcel.
Ha, i hadnt heard anything since i posted that, so i was curious if any other news was out, signs were posted yet or if you'd heard something else. Apartments on that corner parcel would certainly spruce it up.
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It appears that environmental testing is underway at the above parcel as well as the vacant parcel at the NW corner of South and Remount.
what do you think is coming?
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None, just spec at this point from fairly credible sources.
I have also heard that Circle at SouthEnd just went on the market.
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The original Southline was on both sides of the Lynx in this area. All the land between Dunavant and South straddling the Lynx. The land you're talking about is all still owned by Cherokee Southline LLC, the place you have marked on your dev map as Southline is the site that JBL bought from Cherokee.
I believe the remaining Cherokee site at the NW corner of Remount and South Blvd is going to be apartments, believe it or not. Fortunately not garden-style apartments, but urban wrap apartments.
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Pre-crash is exactly what i meant by "old and dated".
Industrial is undesirable (and unfortunately already exists), office is unnecessary, and retail will inherently come with all the new roofs being built, surface or not. Build it and they will come, they're just a little slower.
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Iverson road connection through that site is dead for all intents and purposes. That city plan was old and dated and with JLB building without plans for connections, the extension is no longer feasible. Also no stop planned at that juncture either.
Southslider, the adjoining sites across from Lowes are owned by two different people. There's a 4.2 acre parcel on the north butting up to the Atherton Lofts owned by a family and then the adjoining 3.6 acres right next to the car wash owned by Cherokee. There's also a +-1.5 acre parcel inbetween the carwash and Off Broadway store owned by Cherokee and then the 3.5 acre parcel at the corner of Remount and South is owned by Cherokee. Other than that, Cherokee owns two other very small parcels off of Dunavant that JLB decided not to purchase (0.5-1.2 acre parcels).
I've heard the question posed in previous threads, but I was wondering if anyone had any new news as to whether or not a grocer was going to come to South End with all the recent residential development going on. I know there's a home market, but I'd think that a Harris Teeter or someone would put in something along South Blvd somewhere.
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Does anybody know what's going on with the three recently demo'd parcels between South Blvd and the rail just north of Remount?
SouthEnd Midrise Projects
in Charlotte
Posted
To be frank, Silos might be the ugliest of the projects coming up in South End, imo. With that mix of flat and pitched roof buildings, surface parked, etc, it just looks random and hideous.
And that pink wall is definitely primer for the red paint.
Has anyone noticed how Colonial had their Grand Opening and began pre-leasing back in November with the initial occupancy scheduled for February. Its August and they're no where near first CO's. I cant imagine the nightmare the leasing staff is going through having to continue to call pre-lease prospects and keep pushing the move in date back.