New Hotels in/around Uptown

[CharlotteWkndBuzz]

Late to the party but this is awesome news!

I know the parcel where Ruth’s Chris is next to this site is pretty small but man would love to see something a little bit more substantial built there. Doesn’t even need to be something tall, something like the B Tower. What’s the story behind that building anyways? Surprised a. Small one story building has survived this long on Tryon. 

Edited May 2 by CharlotteWkndBuzz

[KJHburg]

8 hours ago, CharlotteWkndBuzz said:

Late to the party but this is awesome news!

I know the parcel where Ruth’s Chris is next to this site is pretty small but man would love to see something a little bit more substantial built there. Doesn’t even need to be something tall, something like the B Tower. What’s the story behind that building anyways? Surprised a. Small one story building has survived this long on Tryon. 

that one story retail building was purposedly built there for these reasons:  when the former office tower at 230 S Tryon was converted to condos that parcel was part of a surface parking lot.  The pool for the condos is right behind the Ruth's Chris single story building so I doubt this building will be replaced anytime soon.    Nobody wants their pool in shadows most of the day.  

Edited May 2 by KJHburg

[CLT Development]

1 hour ago, KJHburg said:

that one story retail building was purposedly built there for these reasons:  when the former office tower at 230 S Tryon was converted to condos that parcel was part of a surface parking lot.  The pool for the condos is right behind the Ruth's Chris single story building so I doubt this building will be replaced anytime soon.    Nobody wants their pool in shadows most of the day.  

To add to this, its very purpose built, number 1 goal is preserving views for the Condos.

[KJHburg]

8 minutes ago, CLT Development said:

To add to this, its very purpose built, number 1 goal is preserving views for the Condos.

Oops I forgot that one and that is probably the biggest one .  I remember the old surface parking lot there next to the old NC Federal Building at 230 S Tryon.  I think Spectrum Properties did this.  

[DJ8hep]

Moxy update!

[Richhamleigh, DC]

Folks, gotta say, there has to be more hotels in South End and soon.  Holiday Inn is the only option.  What's the hold-up???

[CLT Development]

1 hour ago, Richhamleigh, DC said:

Folks, gotta say, there has to be more hotels in South End and soon.  Holiday Inn is the only option.  What's the hold-up???

Theres five in the works that I know of, but they are getting held back by lending.

[KJHburg]

There is a huge market for hotels in Southend but it is the high interest rates and lack of availability of lenders to lend for such projects.

However this sounds like a hotel will be converted here at the Johnston Building uptown.

KHP Likely to Convert 100-Year-Old Charlotte Office to Hotel - Connect CRE

[QCxpat]

Today's CBJ,  "Inside KHP Capital Partners Redevelopment Plans for historic uptown Charlotte office building" by Elise Franco

Excerpt:   "A California investment firm will redevelop the Johnston Building in uptown Charlotte while preserving its historic nature."  "The 100-year-old office building at 212 S. Tryon St. sold on May 11 to San Francisco-based KHP Capital Partners.  According to Mecklenburg County real estate records. the firm purchased the building from Spaulding & Slye Investments for $19.3 million, less than half its 2023 tax value according to Mecklenburg County's 2023 revaluation and $16 million less than it sold for in 2019."

"The Johnston Building is a 17-story, 172,300-square-foot office property built in 1924.  It was the tallest building in Charlotte when it opened.  The building was designated as a historic landmark by the Charlotte-Mecklenburg Historic Landmarks Commission in 1992."

"Jeff Stulmaker, partner and chief investment officer at KHP, said the firm has wanted to invest in Charlotte for some time and jumped at the opportunity when the Johnston Building hit the market.  KHP, founded in 2015, is a real estate private equity firm focused on investments in boutique and independent hotels."

"We specialize in finding these great historic buildings in major urban markets, preserving them and breathing new life into them," he said.  "When we came across the Johnston Building we were excited to see a blank slate opportunity to create something special."

"Stulmaker said KHP will redevelop the building into a 240-room lifestyle hotel that will have a ground-floor restaurant and coffee shop, a 10,000-square-foot meeting room, 3,500-square-foot ballroom and rooftop bar.  The project is in the early planning stages, he added."

"Charlotte-based Gensler is the architect and Brooklyn-based Workstead is the interior designer."

"Stulmaker could not provide a total project cost but said KHP plans to take advantage of any tax credits available due to the building's historic designation.  Construction is slated to begin later this year with delivery planned for summer 2026."

"Part of being eligible for those tax credits is preserving the historic nature of the building, so the façade and any interior historic elements," he said.  "Each of our projects is unique.  This one will hopefully pay tribute to the Charlotte market and to the building as well."

Link:  https://www.bizjournals.com/charlotte/news/2024/05/21/khp-capital-redevelop-johnston-building-uptown.html

 

          Image  -  Melissa Key, CBJ

Edited May 21 by QCxpat

[KJHburg]

240 hotel rooms in the Johnston Bldg and a rooftop public space is great and more than I expected in that project.  Cant wait to see it started.  

[TheOneRJ]

Okay but we want some flags name dropped 

[KJHburg]

Here is the Element by Westin hotel.  Quite a few newer hotels surrounding the Convention Center.    Next up to open uptown will be the Moxy.  

[DMann]

And now for something completely different.......

 

Do I spy a pile driver on the corner of N College and E 7th Street?  Isn't this supposed to be a hotel?  Anyone have any info?

[turbocraig]

1 hour ago, DMann said:

And now for something completely different.......

 

Do I spy a pile driver on the corner of N College and E 7th Street?  Isn't this supposed to be a hotel?  Anyone have any info?

Speaking of, what are they doing to 7th St by Duckworths?  Those barricades in the pic go to the corner at Tryon.  They’re painting the road green and adding dashed lines, which totally occupies the eastbound lane of 7th there.  I assumed the barriers were for construction, but the road painting thoroughly confuses me.  That cannot be a one-way on 7th for that block.  That’ll be a mess.

[KJHburg]

2 hotels in Charlotte (same number in Wilmington and Durham) were named by Michelin Guide as hotels of distinction in NC.  There were only 15 in total.   All 3 Kimton hotels in the state were mentioned. 

North Carolina Hotels - Find your hotel in North Carolina - The MICHELIN Guide

@CLT Development your favorite in Raleigh is named.  

Edited May 30 by KJHburg

[videtur quam contuor]

The first place listed is the Blind Tiger in Asheville. I have no knowledge of the place. What I offer is that a blind tiger was (is) a person or place that sells illegal alcohol. Having a father who lived through Prohibition, he taught me this term long ago. He gave as an example a man who had numerous pockets on the inside of his coat and each had a bottle of some spirituous liquor. Money passed, a hand went into the coat and a bottle slipped into the pocket of another man. 

https://www.merriam-webster.com/dictionary/blind tiger

I keep this forum honest with the most up to date news about 1925.

[DJ8hep]

Progress on the Moxy!

[videtur quam contuor]

Look out QCxpat. DJ is coming for ya with the photo trophy.

Thanx to both of yinz