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Showing content with the highest reputation on 11/23/22 in all areas

  1. Haven’t seen much of this project. I think they have the most illustrative brochure I’ve ever seen. https://issuu.com/crescentcommunities/docs/carson_tryon_digital_brochure?fr=sYjg1MjM2MjQwMjE The new renderings of the project also show better hidden garage which is great as compared to the older renderings! https://www.carsontryon.com Some Comparisons: Older Newer The Residential part seems like it extends higher now or the deck got shorter I can’t tell, but it looks like the former is true. I think this is a nice mixed use project. I hope it gets off the ground.
    10 points
  2. Here's a photo update on Camp North End's construction. Looks like the Keswick shops are complete on the exterior and just need interior completion. I love the variety of different finishes and materials used in the area. Noda Company Canteen is established over in the Boileryard and looks great.
    10 points
  3. 9 points
  4. This tower is going to totally transform SouthEnd. According to Wall St. analysts, there are strong signs that inflation is starting to come under control. It’s entirely possible that the economy will be booming by the time that this tower opens. Bring it on!
    9 points
  5. Been playing around with this interesting tool I found where you can easily compare two maps at the same scale. Usefull for illustrating the relative density of various urban areas. https://acme.com/same_scale/ American cities I have lived in... Nashville vs. Philadelphia, PA: Nashville vs. Washington, DC: Nashville vs. Knoxville, TN: ...international cities... Nashville vs. Berlin, DE: Nashville vs. London, GB: (Judging by my back-of-the-napkin math, London inside the M25 has well over 10x as many people in an area 100sq miles smaller than Davidson County...but it feels *so* much bigger size-wise because of the variety of neighborhoods.) ...sprawling sun-belt cities... Nashville vs. Houston, TX: Nashville vs. Phoenix, AZ: (After seeing this I'm not convinced Phoenix isn't some dystopian vision of a suburban hellscape, by the way.) ...peer and near-peer US cities... Nashville vs. St. Louis, MO: Nashville vs. Portland, OR: Nashville vs. Jacksonville, FL: Nashville vs. San Diego, CA:
    8 points
  6. Preleasing requirements and equity contribution requirements have definitely come-up a lot in the last 6 months. I would speculate at this point, you a developer probably needs 40% pre-lease and 40% of the construction cost funded in equity. That's negotiable of course, and could depend on the strength of the tenant (i.e. Major Bank maybe 30%, while tech-firms 50%) and also amount of equity. If there was 60% equity, you might be able to go full spec. This project, with residential and hotel components, might actually be easier than straight office, as proceeds from selling development rights, or less rigorous equity requirements for the apartments/hotel can be used to partially offset the needed equity on the office portion. As far their partner Nuveen, I'm sure availability of capital isn't an issue, as they have over $100B invested in real estate, rather they have to determine if the ROI (which decreases the greater the % equity required) is worth it, and if they feel comfortable with increasing office exposure (I would assume yes, but a lot of larger real estate investment managers are re-thinking how much office they want as % of their portfolio). All that said, I suspect they have solid leads for 200k of space. Signing anchor tenants is always a chicken/egg situation. Tenants don't want to officially commit until they're sure the project will get built and deliver on time for their needs, but developers (and especially their lender) don't want to start construction until they're certain there will be committed tenants. You end up with Letter of Intent (LOI) as the compromise, where the tenant will conditionally agree to sign a lease (based on delivery date, project quality/design stipulations, etc etc) and developers will use those LOI to convince lenders/investors they have real tenant interest. All that said, there usually isn't an actual signed lease, especially during the pre-development phase, which is why you see projects rumored to have tenants in-place continue to market the space (contingency, seeing if they can get better deals, gauging demand for future projects, upsizing building, etc etc)
    7 points
  7. Today's CBJ "Cabarrus County joins Concord in approving more incentives for Red Bull, Rauch at $1B-plus beverage hub" by Colin Huguley Excerpt: "At its meeting on Nov. 21, the Cabarrus County Board of Commissioners approved revised incentives for Red Bull and Rauch North America, two of the three companies investing in a beverage hub at The Grounds at Concord. Red Bull and Rauch are planning to increase their pledged investment there by a combined total of about $411 million, according to county documents." ... "RRB Beverage Operations Inc., which documents state is led by Rauch, is upping its investment from $553 million to $680 million for its can-filling operation at the beverage hub. Red Bull is increasing its investment from $140 million to $424 million for the regional distribution center it plans to operate at the hub. Ball Corp., which initially pledged just over $383 million for a can manufacturing operation at the site, still plans to invest the same amount, documents state." ... "Rauch, Red Bull and Ball Corp. are expected to create over 630 jobs at the beverage hub. If all three companies invest their expected amounts, total investment there would reach nearly $1.5 billion." ... "The beverage hub will be built at a roughly 500-acre site at The Grounds, which is the new name for the former Philip Morris site. The hub, which was the largest economic development announcement in county history at the time, is joined at The Grounds by Eli Lilly & Co.'s $1B manufacturing campus among other smaller projects." Link: https://www.bizjournals.com/charlotte/news/2022/11/23/cabarrus-county-concord-beverage-red-bull-rauch.html
    6 points
  8. I am happy to report NC 16 is now 4 lanes all the way from Charlotte to I-40. the last stretch through Catawba County that was 2 lanes is now 4. This is now the fastest way it seems to go from Charlotte to Asheville. Photos from Monday. This is an important corridor to I-40 and only has a few traffic lights on the new section.
    6 points
  9. 5 points
  10. Correct the ad is stating the building is 810,000 sq ft. and this does not mean anything about whether an anchor has been signed on or not. Many times they will the anchor make the announcement. The importance of this ad is the first one stating the total size and height in floors.
    5 points
  11. Oh COOL!!! Ummm... any chance umm... we could get... you know...
    5 points
  12. Seeing as no lease was ever signed for 1001, I tend to doubt the building was ever designed to be Amazon specific, but rather a spec office tower. As we have seen with the Pinnacle tower, an anchor tenant could aboslutely come in and work to redesign the building, but a redesign does not happen without something behind it. With the current market right now on spec office space being such a risk, I believe the garage will get topped out and the "ground floor" be left a blank slate until something comes along that prompts construction. We have to remember that the garage was designed with an office tower in mind so any redesign of the building - into say a hotel or a residential tower - will have certain structural parameters that they will need to take into consideration. It's moving along, but no renderings have come out because they haven't designed a single building yet. The master plan was submitted earlier this year and they have been going through the process of selecting the design for each phase of their campus. They do have active office space though in the city where they have been hiring - and firing recently - staff. They have already fronted a large chunk of money for the infrastructure along the soon to be expanded Cowan Street and other improvements, so I would say they are still pretty bullish on things. They have also closed on their properties which are I believe are in Opportunity Zones that give them tax breaks for long term investments. The Oracle land is a large campus that takes time to come together. We have been spoiled by some projects that are announced and immediately/soon after start up. Large developments - especially those that control almost 4,000 feet of riverfront takes time.
    4 points
  13. Application from the architect is also stating 20 floors, but it has 3 floors underground and a rooftop that will be counted as a story. So in reality it is 24 occupied floors including parking and amenity rooftop.
    4 points
  14. I'll take one of the Alexandria example on the Crosland property at the corner of South & Scaleybark, please
    4 points
  15. This also creates some urgency to the redesign of 131 and bringing Wealthy down to grade.
    4 points
  16. Staff recommends approval with the following conditions: 1. Building height shall be reduced to 10 floors maximum, noting the current design of 11 stories over O Neal. Basically the glass portion that sticks above the rest of the building on the O Neal Street side as you see in the below pic is what the staff wants removed. 108 feet tall is the height of the proposed building with this feature removed: 2. Pool shall be removed or obscured from the Main Street facing section of the structure. 3. The windowless tower facing Main Street shall be better detailed with brick, lighting, artwork, or other materials, to be reviewed and approved by staff and two DRB members prior to final approval of the CA. 4. The façade at the pedestrian level on Oneal shall require better defined pedestrian- friendly design and materials, to be reviewed and approved by staff and two DRB members prior to final approval of the CA. 5. The applicant shall provide articulation of the alley, to be reviewed and approved by staff and two DRB members prior to final approval of the CA. 6. The applicant shall provide a scaled mockup to showcase how the materials and colors will relate to one another to be reviewed and approved by staff and two DRB members prior to final approval of the CA. 7. The main street façade shall require a separate CA once future tenant is determined and any façade changes are introduced. 8. Detailed drawings must be submitted for a separate CA for outdoor dining areas and other elements planned within the building transition zone. 9. Trash and recycling receptacles shall be installed near areas of high pedestrian traffic. 10. Tenant trash collection shall be appropriately screened on site and methods of removal shall be approved by staff during the site permit review. 11. Hotel drop off and move-in / move-out procedures shall occur on site. 12. The applicant shall work with Planning and Engineering staff for final streetscape and right-of-way improvements, prior to permit issuance, to include the installation of new streetlights, pedestrian lighting, and bulb-outs at parallel parking areas for enhanced pedestrian safety on all streets surrounding the development. 13. While this application shall serve for general signage size and location approval, individual CAs shall be submitted to staff for review and approval for individual sign permits. 14. Applicant shall work with the Arts in Public Places Commission for approval of any public art or mural prior to installation. 15. Applicant shall maintain a safe and designated pedestrian connection along rights- of-way during the construction process. 16. Per the recent Section 19-1.11 LMO Text Amendment, an Affidavit of Substantial Compliance must be signed and notarized by the property owner prior to the issuance of the Certificate of Conformity. 17. This CA is considered part of a specific site development plan. As such, the CA issued for this project shall be subject to Land Management Ordinance Section 19-2.2.14 Lapse of approval/vested rights and the Vested Rights Act, Article 11, of Chapter 29, Title 6, of the Code of Laws of South Carolina, 1976 (S.C. Code §§ 6-29-1510 et seq.). The CA shall be valid for a period of two years from the date of approval by the Board. The Vested Right shall be granted up to five annual extensions upon a written request for an extension that must be received from the applicant at least sixty (60) days before expiration, unless any change or amendment to the land development ordinance or regulations of the City of Greenville’s Code of Ordinances were to be amended that would no longer allow execution of the site-specific development plan. At any time during the two-year period or any subsequent Vested Rights extensions, the applicant may be granted a building permit from the City Building Official. Should the CA expire at any time prior to the application for a building permit, such permit shall not be issued until a current CA is provided.
    4 points
  17. When people say ‘but no one uses these bike lanes’, show them this. Where would they drive if the road network looked like this? The absence of a true network is precisely the problem! (Orange and yellow links have not yet started construction)
    4 points
  18. I would say 20% so around 120K sq ft or so. Others may be able to answer the question better @atlrvr they have a great funding partner Nuveen but I am sure they would require some sort of preleasing min.
    4 points
  19. This marketing is very sleek. Lots of virtual tours on that huge 18,000 sq ft open air terrace 10 floors or so up. I hope they can get a anchor they have some good leasing people on it. This is an excellent project!
    4 points
  20. Building new hotels in Charlotte (Center City) seems to have lagged behind its Peer Cities. I wonder if that’ll change in the next year or two?
    4 points
  21. A couple pictures of the Otis development and Belleville apartments. I noticed that material is being stored on the Scotts Edge II site in a manner that obstructs demolition so I wonder if this is the same developer of one of the other projects that is just staggering the developments?
    4 points
  22. The project will now have about 175 units as opposed to the original 139 planned. The internal garage will have a capacity of 205 cars. The Bradley Projects will be the architectural firm. An early 2025 completion is planned. More behind the Nashville Post paywall here: https://www.nashvillepost.com/business/development/images-released-for-building-set-for-midtown/article_c5ca09e2-69f3-11ed-b856-0f61dc116e9e.html Some renderings at dusk:
    4 points
  23. These buildings will be nice to gawk at just as Legacy Union X and Duke Energy 2 will be, but in my opinion, Road dieting South blvd and Tryon as well as turning Camden road into an activated, pedestrian-only commons/public square would transform South End. We may have different ideas of transformation, however.
    3 points
  24. Demo is also a very easy box to check. Neither the 901 MLK or this site has applied for anything beyond demolition. These projects are going to take some time.
    3 points
  25. Charlotte is #1 in neighborhood name stretching in the south if not the nation. Myers Park and Dilworth extend to Southpark then Southpark extends to Ballantyne even over the NC SC state line. NoDa is anything from the Parkwood LYNX station to University area. But I would extend LoSo to Woodlawn Road but unless an area has a strong name recognition in this city they will be railroaded over by the more popular name. Scaleybark despite its unique name will be probably absorbed into the LoSo because it is more hip.
    3 points
  26. I would say it's slightly north of Clanton. The CATS light rail facility creates a natural gap in the geography, which to me is the dividing point between South End and LoSo. So, if you're on South Blvd, everything from Greystone south and if you're on Tryon, everything south of Foster. Woodlawn doesn't feel like it should be considered LoSo, but since it has no other identity, that's what all the new apartment projects are latching on to, so it definitely will be considered LoSo if it isn't already. There's a new apartment deal on Tyvola that there was just a bizjournal article about and they were calling themselves in the LoSo neighborhood, which I think is a stretch.
    3 points
  27. I’m a long time — like for years! - reader of this forum. I have posted a handful of comments over 10 years, but that’s it. But I would legitimately love to do a bike tour of project sites with someone who really knows what he’s talking about. I will definitely do this if there’s any way I can.
    3 points
  28. Speaking of that, I have two more photos here for you. These ones were rejected because they were too blurry at some spots but I hope yall enjoy.
    3 points
  29. From William at NP.... Northwoods (Denver) has paid a record $715m for Fifth+Braod. I am astonished by this, but kudos to the Spectrum Emery team and Oliver McMillan, whom Brookfield acquired in 2118, who stayed with this one and had at least (reported) $425M in this. Nice ROI, inflation notwithstanding. https://www.nashvillepost.com/business/development/fifth-broadway-sells-for-record-715m/article_7db1eee6-6ab5-11ed-a603-b7f59dac646b.html
    3 points
  30. Just got back into town for the holidays and realized CATS is still running the LYNX on 20 minute headways even at rush hour. WTF are they doing? Pay your people and fix this issue already, ridiculous. Rant over lol.
    3 points
  31. That’s unfortunate to hear. It appeared to be a nice tower inside and leased fairly well (I thought). I think that empty lot between the Ellis and 7th street market will be crucial. Needs another residential tower there and a continuation of that pedestrian only street (market st) was what it was once called but I forget what someone referenced it recently as. It feels slightly out of place but hopefully with the sky house project with Publix helps. They really need to do something about the lots between sky house and Ellis tho. A lot of loitering and sketchiness going on in these lots.I do think the hotel will help add foot traffic tho but the area needs more development around first ward park. Need an attraction over there and I think one of those blank lots in first ward would be perfect. Would love an aquarium to accompany imaginon. Was recently at the Georgia aquarium and made me really want a legit one in Charlotte. Attracts a ton of school field trips as well. Romare is situated near Truist ball park and BOA stadium, flanked by multiple residential and hotel towers. First ward park desperately needs a gravitational force to attract foot traffic. As far as uptown living, we loved it. Lived in catalyst before romare and the ballpark a long time ago. At the time I worked uptown so it was super convenient. Lived along stonewall about five years ago and loved it as well. We looked at options in south end but preferred the feel of uptown and being amongst the skyline. I enjoy south end but I don’t know if I’d live there. There’s no right or wrong in either decision, all personal preference. I’ll tell you one thing though and this probably applies for uptown and south end. I got a lot more walking/steps in when I lived uptown than I do now living outside those neighborhoods haha. We walked uptown and midtown on a daily basis probably like how south end ppl walk the rail trail. It was a great feeling not remembering which level of the parking deck I was parked at bc it had been so long since I had to used my car.
    3 points
  32. Half of of the fifth floor and all of the sixth and seventh floors have been leased in the first office building (not including county offices) to get built on site.
    3 points
  33. The John Kane North Hills machine never stops! From Lassiter Mill
    3 points
  34. I used to always want to live uptown, I briefly lived at Catalyst. I did not enjoy living uptown much. My friends lived in NoDa mostly and everyone preferred their places. I have seen many people very pleased with NoDa and SouthEnd and meh reviews on uptown. Particularly in the last 5 years. The one area I've actually heard good reviews about were ironically in the Gateway Area and along Graham. When your only experience in uptown is going on game days or work or special events. Uptown seems full of energy, etc. When I lived there, it mostly felt isolating, sterile, lack of energy. Even the 'burbs in Ballantyne literally (with all the families and such) had more life or energy. I know that's a hot take and people may disagree but. For me - Uptown is depressing and lonely to live in, NoDa and SouthEnd (of the urban hoods) are full of life and energy to me. I'll take living in a single family home in Southpark or Ballantyne and enjoy the neighborhood/regional parks and shopping centers over living uptown again. Below summarizes how it felt to me to live at Catalyst outside of special events or work hours: I know there are some former and current residents who disagree (I would've been happier in Gateway area TBH or along Graham) but my personal experience as a resident, my criticisms were always based in what contributes more to my neighborhood. What were we lacking? Families. Schools. Daycare. Normal every-day things (shopping, restaurants that aren't meant for Happy Hour or High School proms - Ruth Chris, Capital Grille, Fogo de Chao, etc.), regular Charlotteans, etc. Before I was a resident, I was super excited for any highrise really, when I was a resident is when I became concerned with the ground level experience and uses. I would live almost anywhere in Charlotte but Uptown. With a car because most of my life is spent doing every-day type of things. Shopping, eating out, etc.
    3 points
  35. Some diagrams for the 111 63rd Ave. North mixed-use project in the Nations that includes repurposing the old Genesco plant and some new residential structures. No word yet on how many units. This screen shot from Smeagolsfree's excellent development map shows the site highlighted in teal at the center of the frame:
    3 points
  36. Up to 10th floor across site. Looking east from Church Street Viaduct, 1/2 block east of Upper 10th Ave. North: Looking NW from Rosa L. Parks Blvd., 1/8 block south of Church St: Looking south from Ben West Library Bldg: Looking SE from intersection of 9th Ave. North and Church St: Looking NE from 9th Ave. North, 1/8 block south of Church St:
    3 points
  37. Couple of photos from the other day. Biltmore Village and the Estate. The Estate was the busiest I have seen since before Covid hit.
    2 points
  38. Proposed improvement to Tuckahoe Creek Park https://www.wric.com/community/henrico-leaders-to-make-room-for-tuckahoe-creek-parkgoers/
    2 points
  39. But if US Bank has committed to 100k or 200k sf, the developer would still need to advertise for the rest of the space. Thus, I don’t think that this proves that there’s no tenant in place.
    2 points
  40. Big fan of higher unit count (even if it does end up STR, more supply is good), but it has a LOT of parking... Looks like the garage is entirely underground, which is a really nice silver lining. Not the prettiest building, but I dig the architectural diversity this is bringing - Miami Vice vibes indeed.
    2 points
  41. Burberry moved into temporary smaller space. They are doing a full renovation of their previous space and will be moving back.
    2 points
  42. I couldn’t leave Estonia out of this thread! I hadn’t been to Tallinn in almost 20 years and it now looks like a prosperous Scandinavian city, with no traces of its time as part of the USSR. I also visited Tartu, the university city SE of Tallinn. Six Tartu pics at the end, with views of the university and the Imperial Russian arch bridge.
    2 points
  43. The 195 corridor is starting to look very different. Its hard to see in the photo but the elevator shaft to the right will give you an idea of how this section will look. It looks tiny in the photo but it’s pretty substantial in person.
    2 points
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