UptownJ, on Feb 1 2005, 09:51 AM, said:
Has anyone heard anything about a so called "Tryon urban village" in Center City. I've read about the thought but haven't heard anything other than the name.
Any Updates?
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There really are two landowners for roughly 16 blocks of land southeast of N. Tryon St. and northeast of E 6th St. : Levine Properties (Daniel Levine) of Family Dollar wealth, and Mecklenburg County. Meck is slowly moving its services out of
its Hal Marshall Center on their land to their newly acquired Freedom Mall complex. Originally, the county had a competition for acquiring their land, and Levine had been in the running to combine it with their land for a massive project.
Here was Levine's proposal:
http://www.coopercar...tteQuarter.html
The county chose another developer Palladium, which later dropped the project when the economy fizzled in 2001/2002. Levine, who already owned most the neighboring land, and had spent money on his proposal to be interested, but his time table shifted to mollasses speed.
When the arena came to First Ward, Levine started talking like his plans will come to fruition sooner. The centerpiece of Levine's plans have always been his park (called "The Quarter" in the plans). To build the park, he has consistently sought city funds for an underground parking deck. He supposed that the arena would bring the funds for parking. Time has passed, and there are still no announcements about parking funds, so the land continues to sit idle (except for parking lots, and a few old buildings such as Dixies Tavern).
Word on this forum is that Levine is redrawing his plans, using ULI, and is possibly on the verge of making something happen. It is 100% definite that Levine will do SOMETHING with his land EVENTUALLY. When he makes a deal for the parking deck, it will likely be the spark to develop the park and some surrounding projects. He will likely continue to develop his land methodically and slowly, in order to make maximum use and advantage.
I personally (with no inside knowledge at all) think he will get funds for parking, and build his park within the next 3 years. I think he will build an initial phase of a shopping district along the park (he called it Market St. in his proposal a few years ago) within 5 years. The rest of his land, and the county's land will likely take another decade or two to be majority developed. There may, however, be some interim uses other that parking lots, that would be cheap to put up and raze.