Misc. Uptown Projects/News

[lancer22]

21 minutes ago, Crown said:

via business journal 

Charlotte-based Crescent Communities, in a joint venture with investment manager Nuveen Real Estate, says it has acquired the 101 North Tryon building in uptown, a 20-story, 546,878-square-foot tower at the northwest corner of Trade and Tryon streets.

This building was marketed with development potential on top of the deck. Explains why Crescent is in the deal.

[Cassman]

11 minutes ago, lancer22 said:

This building was marketed with development potential on top of the deck. Explains why Crescent is in the deal.

Does "on top of the deck" here mean the Ivey's garage that was mentioned a few posts up?  I had heard that the deal in 2015 was marketed with that same intent, which (to my knowledge) has not gone anywhere as of yet.

Also, here's hoping the new ownership group does something about the ground floor retail.  The vast majority of the retail spaces in the building are vacant...

[DMann]

I believe this is the garage in question.  It is owned by the building, and I look forward to it disappearing!!!!

[lancer22]

8 minutes ago, DMann said:

I believe this is the garage in question.  It is owned by the building, and I look forward to it disappearing!!!!

Correct D Mann

 

[Matthew.Brendan]

Here’s another prime location parking deck that needs to go away..... Church/4th

[CharlotteWkndBuzz]

Has that atrium always been there at Independence tower?  If a new tower does go up at the deck, could be neat to have that removed and be open air.  That space seems to be really under utilized in the atrium (especially being right off of Trade/Tryon). 

[Cassman]

7 minutes ago, CharlotteWkndBuzz said:

Has that atrium always been there at Independence tower?  If a new tower does go up at the deck, could be neat to have that removed and be open air.  That space seems to be really under utilized in the atrium (especially being right off of Trade/Tryon). 

The atrium was remodeled/built up after the 2015 deal, but the two buildings (101 North Tryon and Marriott) have always been connected.  It was also remodeled in part through the massive Marriott redesign that started a couple years before the 2015 sale of 101.

[Jasons0013]

10 minutes ago, CharlotteWkndBuzz said:

Has that atrium always been there at Independence tower?  If a new tower does go up at the deck, could be neat to have that removed and be open air.  That space seems to be really under utilized in the atrium (especially being right off of Trade/Tryon). 

I believe the plan back in 2015 was to have the Atrium opened up but they could not do it for whatever reason.

[Guest]

43 minutes ago, Jasons0013 said:

I believe the plan back in 2015 was to have the Atrium opened up but they could not do it for whatever reason.

If you remove it, it creates a massive wind tunnel, amplifying wind by 2-3x. Engineers were unable to mitigate this issue I suppose. 

Edited June 17, 2019 by Guest

[CarolinaDaydreamin]

On 6/10/2019 at 1:54 PM, KJHburg said:

^^^ Here is one site to add to the list is the older parking garage behind the Marriott and 101 Independence Center this is owned by Spectrum and could easily accommodate a 30-40 story tower or more.  Photos from today from Church St. 

Nice one @KJHburg I didn't realize this post was a little insider foreshadowing. I think (and hope) these decks on Church are more reasonable to rip and replace than expanding into First Ward or encircling the Arena at this point. I hope N Tryon begins its revitalization, but church turning into a mix of Office and Residential redevelopment where decks used to be would be a great addition to the vitality of downtown and perhaps more logical next location for development.

 

Edited June 17, 2019 by CarolinaDaydreamin

[KJHburg]

Hmm and look what just happened Crescent bought this building 101 N Tryon with Nuveen    Keep a watch on that deck and this building.  

https://www.bizjournals.com/charlotte/news/2019/06/17/crescent-communities-nuveen-acquire-uptown-tower.html

[DMann]

That garage begs for a 40 story Condo!

 

[SpiritOf76]

31 minutes ago, DMann said:

That garage begs for a 40 story Condo!

 

Kjh needs to go out of town so we can get that condo announcement 

[CLT_sc]

3 hours ago, KJHburg said:

Hmm and look what just happened Crescent bought this building 101 N Tryon with Nuveen    Keep a watch on that deck and this building.  

https://www.bizjournals.com/charlotte/news/2019/06/17/crescent-communities-nuveen-acquire-uptown-tower.html

Would be a great site for US Bank since  they will most likely need a new home.  In a two-three block area of town, we have two of the nation’s bank HQ and large operations from a third.....not bad for the square.

Maybe a 30 story office building topped by a 25 story hotel topped by a 20 story apartment building.  

[KJHburg]

3 hours ago, SpiritOf76 said:

Kjh needs to go out of town so we can get that condo announcement 

dont worry I have multiple small and 1 long trips planned for the summer.  Raleigh, Augusta, HHI, and the ATL,  Savannah, Ashvegas to name a few.  I am going to eat the Angus Barn again up in Raleigh this summer some time LOL 

 

In other development news look at this article a tower could happen there according to new owners Crescent from this article

https://www.bizjournals.com/charlotte/news/2019/06/17/crescent-communities-nuveen-acquire-uptown-tower.html

Edited June 17, 2019 by KJHburg

[kermit]

While I am generally very pro-alcohol something about this just seems.... wrong......

 

 

 

[Cassman]

13 minutes ago, CLT_sc said:

Maybe a 30 story office building topped by a 25 story hotel topped by a 20 story apartment building.

15 stories of condos too, right?  So 90 stories total.

[CarolinaDaydreamin]

14 minutes ago, kermit said:

While I am generally very pro-alcohol something about this just seems.... wrong......

 

 

 

I think thats a reasonable change for a small amount of time. Atlanta passed a similar time last call for the Super Bowl. Georgia doesn't have a statewide last call and there are 24 hour beer sales in Atlanta, 245 last call and some 24 hour locations so it not as large of a change. There was actually a decline of crime during the Super Bowl week, while visitors had a great time (a 50,000 person Foo Fighters concert lasted till 2:30am) and bars and restaurants made a ton of extra money.

[Seaboard Fellow]

10 hours ago, kermit said:

While I am generally very pro-alcohol something about this just seems.... wrong......

 

 

 

Its amazing what lawmakers can accomplish when they work together.  There is so much potential revenue that would come from relaxing alcohol laws in NC. At the very least last call, abc store hours of operation, open carry in special designated areas, etc should be up to each County like in GA. 

Edited June 18, 2019 by Seaboard Fellow

[CLT>]

BB&T Center Outdoor space is coming along quickly:

[CLT>]

7 hours ago, KJHburg said:

dont worry I have multiple small and 1 long trips planned for the summer.  Raleigh, Augusta, HHI, and the ATL,  Savannah, Ashvegas to name a few.  I am going to eat the Angus Barn again up in Raleigh this summer some time LOL 

 

In other development news look at this article a tower could happen there according to new owners Crescent from this article

https://www.bizjournals.com/charlotte/news/2019/06/17/crescent-communities-nuveen-acquire-uptown-tower.html

@CLTDevelopment on twitter posted these today:

The original intent would be great to see, just reinterpreted of course.

 

Edited June 18, 2019 by CLT>

[CarolinaDaydreamin]

I know they only acquired the air rights, but after years of exposure, and increase value in office space, is it possible and does it make more sense to tear down the old deck and build a 30-40 story building from scratch?

[Guest]

I know they only acquired the air rights, but after years of exposure, and increase value in office space, is it possible and does it make more sense to tear down the old deck and build a 30-40 story building from scratch?

The deck will absolutely be torn down. Probably soon. Bye bye.


Sent from my iPhone using Tapatalk

[KJHburg]

those renderings come from just ideas when HFF was marketing the property for Barings.  anything is really possible on that site of the deck. 

Here is the marketing brochure when they were selling 101 Independence Tower or 101 N Tryon.  Notice they talk about the deck and the possibilities there. 

101 North Tryon Teaser_HFF.pdf

Edited June 18, 2019 by KJHburg

[CarolinaDaydreamin]

1 hour ago, ricky_davis_fan_21 said:

The deck will absolutely be torn down. Probably soon. Bye bye.


Sent from my iPhone using Tapatalk

Good. I was twisting my mind into pretzels wondering why people were anticipating the next development to be on top of that POS.