Prodev

Yes. I'm told they're also going to demo the really cool building at the corner of Graham and Palmer, which sucks. Such a cool building and it's right up against the ROW, so it doesn't take up a bunch of land. They could have easily worked around it and incorporated it into the project. Looks like it's from 1935 according to tax records.

This is a fire truck access lane that was required so that the rail trail side of the building can be accessed by emergency vehicles.

I would be willing to bet it won't be either. It's almost certainly just an office amenity space that has peloton bikes in it for the office tenants to use.

Balfour is currently under construction on their new front door to their design center office that will be on Hawkins. They're converting the loading docks into their reception area and adding one more retail space that'll front the alley next to Fit Atelier. They're not moving anywhere. Their current front door opening to the plaza area where Jeni's is will be new retail spaces. I'm sure there will be an announcement soon on the tenant.

Would you rather they be surface parked and lower density?

it excludes the one labeled as Timely Filter Supply.

I work in retail real estate. It's been an obvious trend with our tenants that the larger ones (national chains) are the ones receiving funding from the PPP and I haven't seen a single retail/restaurant tenant that we have in our portfolio that's a single location operator that has received approval of PPP, while almost all of them have applied. It's really unfortunate but not surprising. These larger ones have their lawyers all over it and have a direct line to their lenders, so naturally they're going to have an advantage against the sole proprietors who are attempting to navigate the process themselves and generally aren't sophisticated. I don't think it'll be much different in the next round of funding either.

They ran out of steam (and money) after designing the Morehead elevation. The Tryon and other side elevations are just bad. I get pulling back on the interior and Winnifred side, but they treated the Tryon side like it's not a primary elevation.

The library just moved so I had a sense that something was going to be coming soon. I wonder if the 3.7 acres is a type since the site is more like 37 acres or if it's just phase 1, which would be a likely 5-story deck wrapped apartment parcel like what's shown fronting South Blvd next to the Autozone. Overall, the programming looks similar to their Morningside deal plus the addition of the two office buildings at the Scaleybark corner.

Does anyone know if the hotel is being built now with the deck construction or is it a later phase?

Got it. Just to clarify though, the condo building is mid-block on Harrington and not the GCF buildings on Hargett, which ypu can see the back of to the right of the rendered condo building in the image above.

I never saw any plans for this. Did I just miss them? Highwoods bought the property last year, but I don't know that they submitted any plans or announced anything, but I could be wrong.

I would guess that it's environmental testing related.

That's exactly it. TJ does about $2,000 per square foot in sales versus a Publix/Harris Teeter, which in NC do about $500 per square foot in sales. Both ask for 5/1000 parking ratio.

Money Heist on Netflix was really good if you can get past either the subtitles or it being dubbed. I opted for the dubbed version. There are 3 seasons too so lots of runway for a binge. Westworld on HBO just came back for 3rd season. I'm not at all into sci-fi or westerns, but was quickly hooked on the show. Season 2 is rocky, but so far season 3 is great. All the others mentioned are solid too - The Outsider, Curb Your Enthusiasm, The Pharmacist, McMillions, etc. Admittedly, with the extra time and running low on new shows, I've gone down the rabbit hole of trashy reality tv and got pretty into Love is Blind and The Circle on Netflix. They're also mindless, so good background TV when you're doing something else, although I found myself pausing the other thing to see what was going to happen next.

What's the plan for the stadium? With Charlotte getting the MLS bid, I thought they had said that'll be the last expansion team. Is there any talk of what they're looking to use this for? Hurricanes?

I would look for another job in that situation too. I'm also in a similar situation where I'm walkable to the light rail, both for my home and my office, but I choose to drive because it's more convenient. I take the light rail on occasion (less than 10 times/yr) and bike when the weather is nice, but more often I drive. Shorenstein doesn't have $9 billion AUM and not understand the dynamic of parking. Developers don't build excess parking. They build the parking required to lease space. It's tenant driven. I don't understand why people think they're somehow smarter than developers and that developers are just spending excessive money on building parking for no other reason than to piss the people off complaining about it. Charlotte is not New York and it won't be in 10 or 20 years. You can cite autonomous vehicles as the reason to underbuild, but they have zero impact on parking in Charlotte today and a prospective tenant won't care that you're thinking about 5-10 years from now when they can't find a place to park today.

Railyard is about to be marketed for sale. The number the brokers are targeting will be huge for Charlotte on a PSF basis.

I'm definitely not defending the end result, especially not the exposed deck, but there are limiting factors to begin with, both from a code perspective as well as from a retailer perspective related to giving certain concessions in order to get the high quality tenants they did. I think some of the areas they missed are a result of having two developers with two different areas of expertise and having two architects focused only on their respective parts of the project and taking direction from only one of the two developers, so the vision was not always aligned or in sync. The exposed deck is really a result of the fact that they jammed 60k SF of ground floor retail into a stick built apartment project. That's 2.5x more than Bradham on a slightly smaller site and prior to Bradham, the largest retail component in an apartment project in South End is probably Camden Gallery which has less than 9,000 SF.

Wrong site. Other side of KK down Hawkins.

They will for sure open in Charlotte. I'd assume the first announcement happens in late '20 or early '21 with the first store opening in 2023 based on their Triangle store pipeline and some of them getting pushed out from the original projected opening dates. They typically only like to open 2-3 stores per year, but have exceeded that the last few years with the expansions into several new markets.

That's the Beauxwright deal and there's another 87 on the Cama/Peterson block (Hopper) and another 79 on the Tryclan/Yorkshire block (Ryan).

H&M is struggling and has shifted to focusing on online sales and closing under-performing stores. They're still opening new stores selectively, but it wouldn't be here. Pier 1 is on the retailer bankruptcy watch list and isn't opening any new stores. With Michael's at PRSC, I don't think they'd be able to get a strong enough sales forecast to support opening a store here. Just my 2 cents...

Crescent is building the apartments.

No... This is a relocation. The Metropolitan lease isn't up until the end of next year if I remember correctly.