TheOneRJ
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Posts posted by TheOneRJ
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This announcement is very mysterious to me as it doesn’t really provide any details or even a full rendering. $750 million is quite an investment though so I have high hopes that this development doesn’t disappoint. I also like the fact they spend the extra time and resources to help the flow of traffic to and round the towers.
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7 hours ago, CLT2014 said:Visitor spending can be measured a lot of different ways, hence the variance between Nashville and Charlotte. There is no official way required to report this. The CRVA is trying to spin a state-wide report based on "tax savings to citizens" to make it like we are more popular to visit as a tourist than reality. If you dig deeper than the "teaser" press release, you see the methodology to calculate visitor spending includes expenditures like "Aviation-related spending for visitors based on airport and passenger data (individual airports)" as a part of tourism spending.....
What is Mecklenburg County's #2 visitor expenditure category.... TRANSPORTATION: 25% of our county's visitor spending is transit, by far the most in North Carolina.... because 100,000 people connect at CLT each day, the airport employs THOUSANDS of people, and it generates A LOT of tax revenue. We get more visitor spending from Transportation than Lodging. Many more people visit the airport and pass through than actual visit our city, but the people connecting count as "visitor" expenditures. This contrasts to the other county's in the state where transportation is less than 10% of visitor spending like Buncombe, Wake, et... because they aren't big connecting airports.
The demand for overnight tourism is definitely bigger in Nashville and reflects in hotel room count:
Davidson County, TN (population 716,000): 45,000
Mecklenburg County, NC (population 1.1 million): 28,000
The hotel industry is just responding to demand. Despite Davidson County, TN being a smaller population center, tourism demand is higher, thus there are 38% more rooms in Nashville's principal county than Charlotte's principal county.
https://partners.visitnc.com/contents/sdownload/72324/file/All-County-Data.pdf
https://partners.visitnc.com/contents/sdownload/72327/file/2020+Regional+Visitor+Spending.pdf
https://partners.visitnc.com/contents/sdownload/72320/file/NC-Economic-Impact-Methods-Tourism-Economics.pdfAccording to the Center City Partners, as of 2018, Uptown Charlotte sees around 18 million people annually compared to Nashville’s reported 16.1 million. While the CRVA may be using the airport to “inflate” Charlotte’s overall annual tourism numbers, Uptown Charlotte still leads Downtown Nashville in tourism. The number of current hotel rooms in each city isn’t the best way to define demand as Charlotte is severely lacking in hotel room count, which leads me back to my original point.
https://www.visitmusiccity.com/explore-nashville/about/statistics
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4 minutes ago, RANYC said:
My assumption would have been that Nashville boasts these prominent hotel properties because it's a far bigger tourist draw than Charlotte, but then I read that the Nashville Convention and Visitors' Bureau counted a record 16.2 million tourists to Nashville in 2019, while the Charlotte region saw 29.6 million visitors in 2019, according to the Charlotte Regional Visitors Authority. I know one number is a "regional count" whereas the Nashville number appears to just be the city of Nashville, but I must admit that the difference in count between the two figures really shocked me. I thought for sure Nashville would win out on the visitor count. Perhaps Charlotte edged out Nashville in 2019 because of business/corporate travel.
Charlotte has led Nashville in tourism for many years. There isn’t really a reason Charlotte has not been able to land a lot of those flags.
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Charlotte could definitely take some notes from the recent hotel developments in Nashville. They’ve managed to secure a Four Seasons, Conrad, and a W Hotel, all of which are big names in the hospitality industry. Not to mention that the designs for all of those are exceptional and not budget versions of the brand like our new JW Marriott.
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On 10/1/2021 at 9:00 PM, KJHburg said:
What do you think of Von Maur which has moved into the Atlanta market and seems to be doing good? Here are there stores in the southeast. An upper midwest chain I think from Iowa. IF and a big IF Macys southpark would close I could see this store coming in.
Alabama
Riverchase Galleria ~ 2400 Riverchase Galleria ~ Hoover, AL 35244
Georgia
North Point Mall ~ 4000 North Point Circle ~ Alpharetta, GA 30022
Perimeter Mall ~ 4400 Ashford-Dunwoody Road ~ Atlanta, GA 30346 (this is to me is the new nicest mall in the ATL metro) Lenox Square and Phipps have lost their luster if you ask me.
Mall of Georgia ~ 3333 Buford Drive ~ Buford, GA 30519Von Maur is too similar to Nordstrom IMO. None of those malls have both as a tenant either, so I think it’s unlikely to see a store at SouthPark. It could be a better fit for Northlake or Carolina Place.
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I was out and about in Uptown this weekend and the atmosphere was very energetic, probably from The Rolling Stones concert. I did hear multiple people complaining about the lack of food options open during the day.
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I’m still waiting for Neiman Marcus to add it’s third floor.
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I think a full scale Bloomingdale’s is unlikely, but they did just open a new prototype store that I think would world well at the mall. Maybe on the current Dick’s site.
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29 minutes ago, RANYC said:
Oh yea, apartment buildings going up every day in Charlotte that fill in a surface parking lot and wrap themselves around old-brick structures comprising a pedestrian-accessible, long-standing, family-run bakery and cafe...and all of this in a designated urban historic district...and by the way, this new project is taking place across the street from a newly-opened apartment building that did even less than this so-called bare minimum, by tearing down a taller structure in the Polk Building.
The bare minimum. Certain cities would find this laughable. The building is nothing special, adding bricks doesn’t make you unique.
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This is really just another cookie cutter apartment building going up, the bare minimum is being praised here.
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I say there’s pretty much no chance of an official HQ move by Lowe’s to South End. There’s not really a point.
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On 7/22/2021 at 1:45 PM, CharlotteWkndBuzz said:
Man, I still think JW could have made a killing with the top level of that parking deck (at least half of it) and turned it into outdoor event space. Weddings, work events, etc. Similar to what the Grand Bohemian did on their "rooftop" outdoor event space. JW, being a very high end full service hotel, I would have imagined event space like that would be booked in a heart beat. Also, I just think tops of parking decks are ugly and developers don't use enough creativity to make them useful other than a handful of projects (DEC green roof, Skyhouse's Parking amenity deck, Dimensional Place in South End, etc). I am looking forward to this project opening though...much needed high end hotel added to Uptown.
The Grand Bohemian’s outdoor space was originally planned to be a pool, something the JW has.
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The Raleigh tower is also one of their signature towers while ours is really just infill.
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Year-round operations starting next year
shhhh
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Potential HQ move to Charlotte by Cedar Fair, the owners of Carowinds. The company currently has a corporate office in Charlotte, which was the original home of the Paramount Parks headquarters located near the park.
The company’s CEO lives in Charlotte while the current HQ is located in Ohio.
https://sanduskyregister.com/news/326540/cedar-fair-belongs-here/
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15 hours ago, KJHburg said:More on the above from the Panorama Holdings website
Tryon Park
CURRENTLY PLAN&DESIGNTryon Park is a mixed-use development with over one million square feet of Class Super A corporate office space, expansive public park and corporate plaza, secured private parking, over 250,000 square feet of leasable retail space and over 200 corporate luxury hotel suites. Located within Charlotte’s dynamic University City, the submarket had its most recent boost from the Light Rail expansion enhancing its accessibility to the major job centers from UNC Charlotte which has a $2.1B Annual Economic Impact. Furthermore, significant infrastructure improvements ($216M+ planned and under construction) will improve the area’s walkability with expanded sidewalks, pedestrian-friendly intersections, and public spaces. Tryon Park project sits at University City Blvd Light rail Station. The location serves as an important midpoint between UNC Charlotte and Uptown Charlotte, allowing the project to tap into a large swath of potential tenants. We are committed to provide high-quality products bettering the living of our tenants. Live well. Work confidently. Play with abandon.
Tryon Office Park | Panorama Holdings (panorama-holdings.com)
This may actually be the most transformative project announced for UC post light rail expansion.
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9 hours ago, QCxpat said:Today's CBJ "New Details available about towering apartment project in Dilworth" by Jen Wilson
Excerpt: "The Charlotte Observer reports Spandrel Development Partners and Atalaya Capital Management are working together to build a 26-story tower and a midrise building that will contain hundreds of apartments. The project, called Radius Dilworth, is at Morehead Street and Euclid Avenue. The two buildings will contain a total of 626 apartments, according to the daily newspaper, along with amenities such as pools, fitness centers and a rooftop deck. Construction is expected to ramp up by the end of the year."
This may be my favorite apartment building in the city architecture wise.
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This leaves SouthPark as Abercrombie’s only location in the Charlotte market.
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Got inside of the park today. Small cosmetic improvements are being completed before opening such as the installation of a new sign near the front of the park and the planting of more trees for shade. Also, it seems as if the reservation system originally announced may be done away with before opening.
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On 4/8/2021 at 7:32 PM, Hushpuppy321 said:
How about that - CBJ is reporting on an Apartment Complex (221 Units) set to break ground around the July Timeframe adjacent/nearby the Tom Hunter Station. I think this would be the first major Apartment Complex under construction near this Station unless anyone else know different?
The Oliver at Tom Hunter. $40 million investment to deliver in Q1 2023. The developer is also opening an office here with plans for future projects.
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3 minutes ago, carolinaboy said:
Somebody put 1.3 million square feet in perspective for me., give me a reference to compare it to.
The size of Concord Mills.
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Queensbridge Collective - 1 tower, maybe 2
in Charlotte
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DEC will still be referred to as a Duke Energy building to majority of locals regardless of what they are building across the street. And the new building sharing a similar design doesn’t help. If Wells is moving their HQ here I think they would want a new signature tower to slap their name on.