Charlotte Pipe &Foundry redevelopment

[unctarheels]

15 minutes ago, CLT Development said:

Unfortunately I don't think I can confirm anything yet, and I want to be correct

Based on what I've seen most buyers already have a plan built out of exactly they want to do in regard to development, would this be the case here too? I.E., would it be an announcement of purchase and their plans, or just the purchase?  I think rezoning has already been completed to make this site available to pretty much anything right? 

[CLT Development]

5 minutes ago, unctarheels said:

Based on what I've seen most buyers already have a plan built out of exactly they want to do in regard to development, would this be the case here too? I.E., would it be an announcement of purchase and their plans, or just the purchase?  I think rezoning has already been completed to make this site available to pretty much anything right? 

I would imagine they have a basic masterplan, I would peg this at a 10-15 year full build-out based on the size of the parcels. The factory itself could be longer, its going to be a beotch to remediate.

Edited January 9 by CLT Development

[carolinaboy]

Carolinaboy's Tuesday afternoon waiting for 5:00 doodle:

 

[CLT Development]

4 minutes ago, carolinaboy said:

Carolinaboy's Tuesday afternoon waiting for 5:00 doodle:

 

This is also when I doodle.

[RANYC]

32 minutes ago, carolinaboy said:

Carolinaboy's Tuesday afternoon waiting for 5:00 doodle:

 

Is Panther Park a concept that's been discussed before, or just an offspring of the doodling?

[CLT Development]

4 hours ago, RANYC said:

Is Panther Park a concept that's been discussed before, or just an offspring of the doodling?

It's not, but I'd absolutely expect a park component to this property. a 10% open space requirement would mean a 5-acre park, I'd push for 15-20% personally.

Edited January 10 by CLT Development

[DJ8hep]

6 hours ago, carolinaboy said:

Carolinaboy's Tuesday afternoon waiting for 5:00 doodle:

 

Still crazy to me how many open grassy lots there are over here.

7 hours ago, CLT Development said:

I would imagine they have a basic masterplan, I would peg this at a 10-15 year full build-out based on the size of the parcels. The factory itself could be longer, its going to be a beotch to remediate.

You think they would do each parcel individually or maybe group them together?

[Reverie39]

Really good to hear that it may be heavily residential though. We don't need more office towers there. A bunch of residents may increase the energy and liveliness of Uptown. Pair some good retail too and I'd be excited.

[Matthew.Brendan]

[CLT Development]

 

15 hours ago, CLT Development said:

It's not, but I'd absolutely expect a park component to this property. a 10% open space requirement would mean a 5-acre park, I'd push for 15-20% personally.

I take this back, after speaking to Meck County... I didn't take into account roads, sidewalks, and ROWs when calculating, so it would likely require a 2-3 acre park. It does sound like the County has already been engaged so it would seem that there is at least a masterplan in mind.

[KJHburg]

7 hours ago, Reverie39 said:

Really good to hear that it may be heavily residential though. We don't need more office towers there. A bunch of residents may increase the energy and liveliness of Uptown. Pair some good retail too and I'd be excited.

there is not much office market anywhere right now surplus in every city.  They will build I would think an office building or two but most likely only after housing is done in earnest first. 

[DJ8hep]

On 1/9/2024 at 11:14 PM, DJ8hep said:

Still crazy to me how many open grassy lots there are over here.

Somehow it was weirder to see it in person…

[Reverie39]

It would almost be less weird if they weren't taken care of so well lol. Plenty of cities have random un-maintained grassy lots. It's almost amusing looking at these neatly manicured, fenced off lawns right under skyscrapers lol.

[Crucial_Infra]

Who knew it was possible to out flex the NCDOT when it comes to grass in an urban setting? 

[J-Rob]

Weird twist of a take: the immaculate lawns never bothered me since Morehead and 277 create this weird divide for the property. Its the fences for me. The fences are oddly prominent. I understand why they are there, but they give off a stranger vibe than the grass to me.

Makes it look like some secret facility with the buildings so distant from the road, etc.

 

Edited January 11 by J-Rob

[Professor]

It reminds me of walking by Dachau. It is a weird feeling. 

 

[KJHburg]

Yes it will be Trammell Crow of Dallas buying the entire site.   TC can do it all retail (Arboretum here in Charlotte) office (Charlotte Plaza)  residential (multiple apartment complexes) and they do quite a few high rises around the nation too. 

""The Charlotte Pipe & Foundry site near uptown has been targeted by global real estate giant Trammell Crow Co. to lead a major, multi-phase development.

Sources familiar with the plans say the Dallas-based company is in talks to manage the future of the 55.5-acre site bordering South End's Gold District and near Bank of America Stadium. The property was previously home to Charlotte Pipe's cast iron foundry that dates back more than a century.

Trammell Crow is a wholly owned subsidiary of CBRE (NYSE:CBRE), which has been marketing the site for the Dowd family, which founded Charlotte Pipe in 1901, and continues to lead it. The decision to market the property followed Charlotte Pipe's move of the foundry operations to a new $460 million facility in Stanly County’s Oakboro.""

Charlotte Pipe & Foundry site under contract in Charlotte's uptown? - Charlotte Business Journal (bizjournals.com)

Edited March 14 by KJHburg

[KJHburg]

and they are a REAL DEVELOPER WHO CAN BUILD ANYTHING as opposed to land dealers.  

recent NC example this mixed used tower in Raleigh

400H | Downtown Raleigh Living (400hraleigh.com)

Edited March 14 by KJHburg

[InSouthPark]

3 minutes ago, KJHburg said:

and they are a REAL DEVELOPER WHO CAN BUILD ANYTHING as opposed to land dealers.  

Well...if they built the arboretum!! 

[KJHburg]

13 minutes ago, InSouthPark said:

Well...if they built the arboretum!! 

that was a 1980s/early 90s project but yes they did.  The point is they can build it themselves as opposed to selling off to other developers. 

On 1/5/2024 at 4:08 PM, KJHburg said:

I was thinking about this property the other day for no reason and went by and took a look at the site.  Still a little bit of activity at the plant probably dismantling equipment etc.  I hope 2024 is the year a major announcement happens with a new owner and my prediction if that does happen this could develop quicker than First Ward or maybe even Brooklyn.   As this would be all private owners  unlike involving reluctant landowners or government agencies.  

55.5 acres but 31.4 acres is inside the 277 loop off Morehead and is a good bit vacant.  1200 feet on I-77. 1100 feet frontage on 277.  1200 feet on Morehead Street.

the smaller part is where the actual plant is located outside 277 loop.  The views of the uptown skyline would be awesome.   A few buildings on the larger north parcel including a training center for CP&F.  

The Iron District (irondistrictcharlotte.com)

I will put this property on the 2024 watch list.  

 

 

 

 

 

 

31 acres of this site is inside 277 remember that and construction could begin almost immediately due to brownfields agreements already in place.  the last tract that probably will be developed will be the actual plant site right outside the loop. 

[J-Rob]

32 minutes ago, KJHburg said:

and they are a REAL DEVELOPER WHO CAN BUILD ANYTHING as opposed to land dealers.  

recent NC example this mixed used tower in Raleigh

400H | Downtown Raleigh Living (400hraleigh.com)

I am just hopeful it has more of a pedestrian-friendly, urban-living presence than what Lincoln Harris created with Legacy Union.

[KJHburg]

They are doing this in Dallas right now.  Check it out looks pretty pedestrian friendly to me. 

Phase 1 - Knox Street Dallas

I think it will be a mix of high rises and mid rises starting with residential and offices will come much later.  

[DJ8hep]

Awesome news!!! I’m looking forward to seeing what they come up with for this site!

[eastsider]

6 hours ago, J-Rob said:

I am just hopeful it has more of a pedestrian-friendly, urban-living presence than what Lincoln Harris created with Legacy Union.

Imagine how big of a parking deck Lincoln Harris could build on a 55-acre site... 

[KJHburg]

further examples of TC's capabilities trammellcrow.com/projects/district-no-ho

new high rise apartment tower in Plano  

trammellcrow.com/projects/the-kincaid-at-legacy

trammellcrow.com/projects/the-residences-at-market-square  In DC and I have seen this one and it is beautiful

large mixed use development in Denver  trammellcrow.com/projects/denver-water-operations-complex-redevelopment

another large mixed use development in Los Angeles   trammellcrow.com/projects/district-no-ho

after looking at these projects I am excited to see their plan.  

My prediction is that this will be built out much quicker than the other larger land ownership parcels of Brooklyn Village and First Ward.