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Portman SouthEnd – Hawkins btw Ashton and Sycamore.


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1 hour ago, atlrvr said:

Updated rendering on their site does show the flatter facade (no balconies) but does still have what appears to be brick lower section, so hopeful....so while, less interesting than initial rendering, it would still be a great project if this is the final rendering.

2161-For-Website-1024x966.jpg

Okay so based on this picture it IS topped out now

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Asana is leasing a floor in this office building bringing it to 72% Leased good but not full yet. 

""Charlotte-based Asana Partners is moving in South End.

The commercial real estate investment firm recently signed a lease for 23,000 square feet at The Line and plans to move in this fall. Asana is currently located at 1616 Center, a five-story office building on Camden Road.

Foundry Commercial's Meredith Ball and Claiborne Dandridge represented The Line in the transaction. Ball, a partner at Foundry Commercial, said adding another commercial real estate firm, especially one with Asana's reputation, was a "coup" for the building.  Ball said the office tower is now 72% leased.""

Asana Partners moving Charlotte office in South End - Charlotte Business Journal (bizjournals.com)

Furthermore, the article states there are 2 full floors available and expected to be filled by the end of the year.   This building opened in early 2022 so it has been a 2-year lease up everyone needs to be patient with 110 East Tower as where else can you find new space in the heart of the Southend? 

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Most of these lease deals (including Vanguard) show we are just doing musical chairs with firms already in the Charlotte market doing a flight to quality. The pre-Covid days of lots of white collar firms relocating people to a new city (Honeywell, Sealed Air, Truist, Centene, et.) to create net-new demand for space still seems to be slowing / largely gone. Not a great time to own an old office as tenants have options to upgrade now with space sitting on the market. 

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