[Atherton Mill Redevelopment]

On 11/7/2019 at 11:05 AM, ricky_davis_fan_21 said:

They sort of have that already. 

Tenants are not going to pay for an expansive rooftop deck. A lot of ‘cool’ office buildings that would be candidates for a rooftop are already pushing it in terms of common area factors.

[Portman SouthEnd – Hawkins btw Ashton and Sycamore.]

On 11/2/2019 at 12:00 PM, ricky_davis_fan_21 said:

Truth. It’s going to look even weirder than Thirsty beaver too maybe. Wedges between 145’ Ashton on the left, 225+ ft 2151 Hawkins on the right. Compared to 80’ apartment buildings around Thirsty Beaver. Going to always be in shadow.


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I’m sure the owner thinks that he/she is sticking it to the big, bad developer by not selling, but now holds a property with effectively no value. What a shame for all.

[Alcove/900 Church St., 34 stories/418 ft., 356 apts, $160 million]

The design is pretty horrendous. I’m not seeing any balconies??

[Portman SouthEnd – Hawkins btw Ashton and Sycamore.]

Looks great. This design is a huge step above the other South End office product.

[JW Marriott - 385' - 34 Floors]

Stayed here last week and it’s a nice hotel. Unfortunately, a pipe broke on a floor above me and they were in the process of drying everything out. I also noticed that the hotel is severely under-elevatored. Had to wait 15 minutes to get on an elevator after checking in around 4:30. Throughout my stay, spent a good amount of time waiting on those elevators...

[Portman SouthEnd – Hawkins btw Ashton and Sycamore.]

48 minutes ago, lancer22 said:

Yes there are a ton of single floor and half floor tenants in the market  (5K-25K sf). The issue with leasing up a building this way is that the credit of your tenants isusually less  than optimal and you end up with a lot of funky space that is less desirable after cutting it up every which way. Demand is so through the roof right now in South End that I'm confident you could lease up a building within 6 months of delivery to these smaller guys with no issue.

I’m with you on there being very strong demand in the range you stated. Me saying three floors was a mistake as that’s an anchor tenant for many buildings depending on the floor plate.

[Portman SouthEnd – Hawkins btw Ashton and Sycamore.]

8 minutes ago, ricky_davis_fan_21 said:

It was three check marks, meaning at least three companies. There’s still some medium fish who can take a big chunk out of places like Portman and Beacon, and there’s a few out of market people taking serious looks at a large anchor tenant sized charlotte presence.

Ahh must be my iPad then. There are a lot of tenants in the 1-3 floors range from what I understand. Haven’t heard of anyone new out of town looking for major space, though. Care to divulge any info?

[Portman SouthEnd – Hawkins btw Ashton and Sycamore.]

8 hours ago, ricky_davis_fan_21 said:

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I don’t know what that means? I see three squares in a row?

[Portman SouthEnd – Hawkins btw Ashton and Sycamore.]

Are there rumors of other major tenants in the market to take a full building or become a major anchor? I thought Lowe’s was the last/most recent.

[Childress Klein/Ram South End Tower - Lowe's anchored (23 floors - 357')]

2 hours ago, TCLT said:

I feel like Hilton's Canopy would fit well in South End, especially with all the offices being added. Certainly makes more sense for the brand to be in South End than in an office park in SouthPark.

Canopy provides for some leniency in terms of brand standards, so that could be a possibility for South End given the general feel of the neighborhood. They may even provide some key money.

South End will see a ‘real’ hotel soon enough, although it is going to skew more toward the select service side than any higher end, full service offering. At this stage of the cycle, any developer (especially in South End) needs to have a brand to drive room nights. The South End office pipeline is incredibly supportive of future hotel demand.

5 hours ago, TheOneRJ said:

West Elm is more comparable to the Moxy, which would also work in SouthEnd. W Hotels are more upscale and comparable to the Ritz or JW, Uptown is more suited for that. 

No way will a West Elm gets capitalized in South End. Not even by the most aggressive of the debt funds.

[Childress Klein/Ram South End Tower - Lowe's anchored (23 floors - 357')]

My issue with nearly all of the projects in South End (this one included) as well as Uptown are the structured parking decks adjacent to the building. I understand the economics of it, but it is such an inefficient usage of space and detracts greatly from the overall streetscape. People should pay more attention and offer kudos to the developers who can figure out how to either partially bury their parking or include some sort of podium. Unfortunately, Charlotte office market rents coupled with high construction costs make it incredibly difficult for podium and/or buried parking to pencil for developers.

[Portman SouthEnd – Hawkins btw Ashton and Sycamore.]

On 4/24/2019 at 10:02 AM, CarolinaDaydreamin said:

Seems similar to the Portman Beltline project in Atlanta, which has turned out just as the rendering looks, really handsome. I saw an initial rendering for Atlanta that VERY closely resembled the Ashton/Sycamore rendering.

 

The beltline project is Kroger and Hotel, but it WASN'T value engineered.

Po

This is not a Portman Holdings’ project. It is being done by New City.