CLT Development

this is spot on to the NoDa I know and love.

lol, that parcel is only big enough for one tower. lol

FLYING

Gotta say, this doesn't sound NEARLY comprehensive enough I gotta say Nashville Fam, this doesn't seem to be nearly enough to meet Nashville's needs.

I believe its 535,000 square feet, and I would think 40% is the going rate, though who knows what it is in today's lending climate.

Most of uptown is either back, or about to be back, to at least 4 days in the office. As far as Crescent goes, they would have to redesign and build something completely different to go to all residential and hotel. I think they believe that they can get an office tenant. They have received significant interest, and numerous friends/contacts in the office leasing industry have told me that "If we had new space in our inventory we could fill it tomorrow, we just don't have that space." And before you say "well what about 110 East," I don't think they've positioned that building well from a marketing standpoint, and the main contact isn't even in Charlotte. I'll be touring that building May 1st tho, so I'll report back :-).

Nope, all I have is a bare-bones Isometric

Nothing is ready to go, the entire development is contingent on there being an office component. It cannot be built in phases. (referencing Carson). I do know that when I created my map for Center City Partner's State of the Center City the developer Crescent asked for me to reference a Q4 2024 Start, and that they were bullish on this.

I think Grease and Ventilation. Could be wrong, but its what I've heard from retail brokers

without a doubt!

Its amazing to me that people would think that, considering how skinny the building is, and the fact its concrete lol.

It should just be temporary while the building goes through all the necessary hoops. It is in brownfields now, so there's a at least a year before this would conceivably break ground.

Utility

From what I understand just getting it to the point where a restaurant could start construction (I don't think these spaces were built with grease traps or ventilation in mind) would be pricey, THEN you talk build out. McDonalds would need to do a whole lot of work, but they wouldn't be the worst tenant in the world.

Oh yea, they paused that one probably 6 months ago.

Plenty of places with higher asking price getting leased.

Actually a big fan of this one. Really could make this stretch so much more urban. I would love to see a more urban 7th Street one day.

they are making a parking lot! woo!

I definitely agree, I know Lincoln Harris isn't fixing these buildings any time soon. I Just wanted to mention why they haven't been leased, and the steps you'd likely need to take to get them leased.

Its a gameday hassle really only because they close down so many streets, and there are plenty of ways/reasons to avoid this area. I see no problem with reducing it to two lanes.

Don't be sad, you'll then see a 16 floor building instead of a 6 floor one!

Meanwhile I had maybe the best uptown experience I've had in ages on Saturday. Granted it was during the day.

Excuse the crudeness of this drawing but This is how I'd fix this space. 1. Grey – Reduce the street to 2 lanes and give the rest back to sidewalks. The park benches are currently 12-18 inches from an active roadway, nobody is going to feel comfortable enough to use these. 2. Blue – Add in half-walls with low light vegetation that shield enlarged outdoor dining spaces, As well as covered overhangs that add dimension to the block 3. Pink – Inset the retail spaces by 5-8 feet, and put in garage doors that can open the space more to the outdoors. 4. Yellow – This needs to be all protected and activated outdoor space 5. Green – These facades need more variation. At this point, I guess paint at this point is about as good as we could do.

Givin real 2005 old folks home vibes.

It's because the Ally retail was designed by an architecture firm that focused on creating interesting and focused retail, created a merchandising strategy for the units, and just made highly desirable spaces. They used some of Charlotte's best design teams, and brought in Asana Partners, who is a national leader in retail management and programming. Legacy Union used the same architecture firm to design its core and shell as its retail spaces. There was no extra thought. I mean just look at it. • The sidewalks are tiny on Church, and leave no space for outdoor seating, something that is pretty much vital in 2024. • The retail on Church St is surrounded by an entrance and an exit to the parking deck. It's chaotic for street life. People are forever queuing in and out, with a constant backup of exhaust-spewing cars. • Places, where there could have been outdoor seating, were turned into large permanent planter areas. • Thanks to the lack of setbacks, and the enormous pedestrian tube the block is always in shadow. • There is no character or defining characteristic to the retail facades. • I've heard that the spaces weren't properly set up for full service restaurants, which is likely the ideal tenant. A broker recently said to me "no, I wouldn't even try to fix those spaces, they are unfixable."