Misc. Uptown Projects/News

[kermit]

This would make an epic skatepark!

 

[Windsurfer]

42 minutes ago, kermit said:

This would make an epic skatepark!

 

Absolutely would! I don't think people appreciate how much skateboarding activity adds to 'night life'.  Yes, there're bad elements, but for the most park it's so enjoyable to watch.  There was a park like this on The South Bank (London) that was quite an attraction.  Adds a human element to all the buildings.

[CarolinaCrown]

Anyone got some updates this week on the Lovin Life setup?  It'll be interesting to see how this "festival" shapes up.  Looks like Friday will be the hottest of day with showers and a high around 80 for Saturday. 

[CLT Development]

3 hours ago, CarolinaCrown said:

Anyone got some updates this week on the Lovin Life setup?  It'll be interesting to see how this "festival" shapes up.  Looks like Friday will be the hottest of day with showers and a high around 80 for Saturday. 

There's a stage about half the height of the UNCC building that has been erected, its a pretty large presence. 

[CLT Development]

https://www.instagram.com/p/C6bMMPtuz7i/?utm_source=ig_web_copy_link&igsh=MzRlODBiNWFlZA==

Been excited to announce this one with Jason! I would imagine this will be a pretty boutique hotel, around 200 keys.

[turbocraig]

8 minutes ago, CLT Development said:

https://www.instagram.com/p/C6bMMPtuz7i/?utm_source=ig_web_copy_link&igsh=MzRlODBiNWFlZA==

Been excited to announce this one with Jason! I would imagine this will be a pretty boutique hotel, around 200 keys.

Any idea of brand?

[KJHburg]

34 minutes ago, CLT Development said:

https://www.instagram.com/p/C6bMMPtuz7i/?utm_source=ig_web_copy_link&igsh=MzRlODBiNWFlZA==

Been excited to announce this one with Jason! I would imagine this will be a pretty boutique hotel, around 200 keys.

this is fantastic news for this 100 year old building.  Plus we need more hotel rooms uptown and we are missing so many brands in Charlotte that other cities have and have had for years.  Very exciting and a hotel in that spot on S Tryon is fantastic.  

Here is what  a typical 9800 sq ft floor looks like so you can imagine how hotel rooms would be laid out.   Tryon St on the right side.  

Edited May 1 by KJHburg

[videtur quam contuor]

And the glorious lobby of the building must remain.

[carolinaboy]

Can someone post details for those of us who can't access Instagram at work?

[KJHburg]

57 minutes ago, videtur quam contuor said:

And the glorious lobby of the building must remain.

most likely it will as will the 2 tenants Chopt and Starbucks as they were put in after this LLC from DC bought this building and could be seen as amenities for the hotel guests especially the Starbucks.  

From the post from CLT Development

Historic building in Uptown will be converted to a hotel

@cltdevelopment and I have learned the historic Johnston Building in Uptown will be converted to a hotel…THIS IS AWESOME

This building was completed in 1924 and has some pretty amazing history behind it. Here’s the quick wiki summary

- 212 S Tryon
- 172,382 SF of space
- 226’ tall and 17 stories. It was the tallest building in Charlotte for 2 years.
- 2 more floors were added in 1929
- The site was sold in 1923 for $100 after a fire
- Spaulding & Slye Investments owns the building and JLL manages the property

CLT Development and I are absolutely STOKED about this. Not only are we keeping a historic building, but the use of a hotel is perfect for the site.

[atlrvr]

Excited by this:

1) reduces office space from market, and pushes those tenants to other office properties
2) really excited if it's Marriott Tribute or Hilton Curio or a 21c Museum Hotel

[CLT Development]

30 minutes ago, atlrvr said:

Excited by this:

1) reduces office space from market, and pushes those tenants to other office properties
2) really excited if it's Marriott Tribute or Hilton Curio or a 21c Museum Hotel

Hilton Curio and Indigo Hotel have both been linked to adaptive re-use hotels in Charlotte that have not materialized in the past (Tryon Plaza and Hall House). I would LOVE to see a 21C here, thats my preference. 

[DJ8hep]

7 hours ago, KJHburg said:

most likely it will as will the 2 tenants Chopt and Starbucks as they were put in after this LLC from DC bought this building and could be seen as amenities for the hotel guests especially the Starbucks.  

From the post from CLT Development

Historic building in Uptown will be converted to a hotel

@cltdevelopment and I have learned the historic Johnston Building in Uptown will be converted to a hotel…THIS IS AWESOME

This building was completed in 1924 and has some pretty amazing history behind it. Here’s the quick wiki summary

- 212 S Tryon
- 172,382 SF of space
- 226’ tall and 17 stories. It was the tallest building in Charlotte for 2 years.
- 2 more floors were added in 1929
- The site was sold in 1923 for $100 after a fire
- Spaulding & Slye Investments owns the building and JLL manages the property

 

CLT Development and I are absolutely STOKED about this. Not only are we keeping a historic building, but the use of a hotel is perfect for the site.

This awesome! Makes me think of the hotel conversion at the Foshay Tower in Minneapolis!

https://www.marriott.com/en-us/hotels/mspwh-w-minneapolis-the-foshay/overview/

https://www.minnpost.com/politics-policy/2008/08/foshay-reopens-hip-happenn-historic-hotel/

Edited May 1 by DJ8hep

[KJHburg]

Daniel Corp out of Birmingham showing how to preserve at least part of a building in their new apartment complex on N Graham.

Uptown Charlotte Multifamily Project - Daniel Corporation

[QCxpat]

Today 2:40 p.m., Daniel Corp. multifamily project at N. Graham & W. 6th St., Grubb Crawler Crane set up, 7-stories, 241 units, and facade save of 1928 warehouse

 

Link:  https://www.axios.com/local/charlotte/2021/08/31/a-developer-aims-to-preserve-the-old-fourth-ward-bread-building-on-graham-street-270933

 

Edited May 6 by QCxpat

[Matthew.Brendan]

wait so they are keeping that original portion? and building around it?

[KJHburg]

17 minutes ago, Matthew.Brendan said:

wait so they are keeping that original portion? and building around it?

no more incorporating the old facade into the new building.  Look at the link above you can see how it fits in.  

[videtur quam contuor]

Anyone attend Lovin' Life? 

Online photos showed a sold out crowd and happy faces. Lines for portolets and long wait for insufficent food trucks were issues. Water and beer prices as posted were appropriate to the venue. Loud popular music draws a crowd. Congratulations to the promoters. It appears to be a success.

[RANYC]

There are good arguments for not providing government incentives to catalyze this project at Brooklyn hill & church, but the idea of opening up this corner with ground-level windows as part of retail activation is so tempting.

[KJHburg]

Miscellaneous uptown photos and the new Daniel Corp.  apartments at Graham and 6th and lots of workers there.    Daniel Corp. apartments first photos and last ones too.  

[turbocraig]

Stopped at the Graham/6th St light and saw these pallets of reclaimed timbers stacked up alongside pallets of new wood.  I’m not sure if they were salvaged from the old building demo, but they are so perfectly packed, they look like they were trucked in.  Hopefully they’ll be put to some cool use in the vintage structure they’re keeping.  

[KJHburg]

report from CBRE about vitality of downtown areas including Charlotte which puts it in a favorable position than many others.

CBRE Tentpole Report: Future-Proofing the Urban Core - Commercial Property Executive (commercialsearch.com)

and the complete report from CBRE

Shaping Tomorrow’s Cities | CBRE'

they called Charlotte as a Developing Destinations

""Developing Destinations: Austin, Charlotte, Miami, Nashville, Orlando and Tampa. These are smaller southern markets with red-hot economic, population and real estate market growth during the past decade, especially since the pandemic. Each has unique drivers but, like the Sprawling Darlings, they all have benefited from relatively low living and business costs and a temperate climate, attracting young people and retirees, as well as company expansions and relocations.""

 

[KJHburg]

Well this is now official but I heard this could happen months ago Bank of America is leaving 2 buildings in uptown and leaving lots of space behind.

""The banking giant is leaving its space in Fifth Third Center at 201 N. Tryon St., where it occupies 316,751 square feet. That office is located across from its global headquarters at 100 N. Tryon St. in uptown Charlotte. A BofA spokesperson told CBJ it plans to leave the 201 N. Tryon St. property after its lease expires in July 2025. Cousins Properties, the landlord for Fifth Third Center, is planning a major amenity overhaul at the property once Bank of America exits. "We are already working to finalize plans to reenergize this property with amenities and upgrades similar to those we have successfully completed at projects across our Sun Belt portfolio," Richard Hickson, Cousins' executive vice president of operations, said during a February earnings call.""

I think this is a fine building and after a refresh should be as competitive as any in uptown Charlotte.

""BofA is also moving out of a 242,820-square-foot office space it occupies in Gateway Center at 901 W. Trade St., less than a mile away from Fifth Third Center. It expects to vacate after its lease expires in September, BofA's spokesperson said.

"We’re just consolidating some teams so they can work together on behalf of our clients and engage in their teams," the spokesperson said.

There will be no job losses associated with the moves, the spokesperson said. BofA did not provide information on how many employees it has in the buildings.

Employees currently assigned to those two buildings will be relocated to existing, available workspace in five other properties BofA occupies in Charlotte, the spokesperson said. Those are Bank of America Corporate Center at 100 N. Tryon St.; 1 Bank of America Center at 150 N. College St.; 401 N. Tryon St.; Bank of America Tower at Legacy Union at 620 S. Tryon St.; and Gateway Village at 800 W. Trade St.""

Now this building the Gateway Center could be more problematic.  I hope maybe Johnson and Wales could use it or maybe someone can convert this building out of the office market altogether.

Bank of America to exit two uptown Charlotte buildings - Charlotte Business Journal (bizjournals.com)

[Matthew.Brendan]

Gateway seems to have so much potential. The courtyard is actually really nice, and tons of retail fronting the streets.