Legacy Union (former Charlotte Observer redevelopment)

[Hushpuppy321]

3 hours ago, Crucial_Infra said:

Storm clouds via

Gorgeous photo.  Just not sure why it seems like LU2 hasn’t been making much progress lately.  Hopefully not some kinda foundation issues...

[FreeOpinions]

34 minutes ago, Hushpuppy321 said:

Gorgeous photo.  Just not sure why it seems like LU2 hasn’t been making much progress lately.  Hopefully not some kinda foundation issues...

Wet weather always slows downs building in the foundation stage.  Once the first elevated slab is poured it’s off to the races.  

[Crucial_Infra]

Good show tonight via

[SpiritOf76]

That poplar street sign is historic now so I hope it stays today at L U:

[tozmervo]

3 minutes ago, SpiritOf76 said:

Huh. Fluted column covers. This project is just full of surprises.

[Guest]

Bravo@SpiritOf76 you won the day


Sent from my iPad using Tapatalk

[KJHburg]

Parker Poe moved to Legacy 1 is confirmed and out of Wells owned 3 Wells Fargo where the bank is taking  over their old space.  The uptown tenant shuffle is on. 

https://www.bizjournals.com/charlotte/news/2019/05/06/legacy-union-tower-in-uptown-lands-new-tenant.html

[tozmervo]

3 hours ago, KJHburg said:

The uptown tenant shuffle

Worst. Wedding dance. Ever.

[KJHburg]

49 minutes ago, tozmervo said:

Worst. Wedding dance. Ever.

just wait next year and year after even more with Deloitte and Ally and JLL all moving not to mention other tenants shuffling around.  

It is  a somewhat complicated long dance takes a while to plan and execute and  it can be costly like a wedding gift at a close friend's wedding. 

[KJHburg]

Today and attention LH some of your newly planted trees need water asap and might have already died.  get your landscaper out there STAT

I think I see the elevator core of Legacy 2 rising check in out in photos 1 and 2. 

 

[Crucial_Infra]

Glass partition finally being installed on the outdoor terraces via

Edited May 7, 2019 by Crucial_Infra

[FreeOpinions]

15 hours ago, Crucial_Infra said:

Glass partition finally being installed on the outdoor terraces via

That right there is called a windscreen.  

Keeps the wind at bay and people from falling.  Those bankers live under lots of stress I guess.  

[KJHburg]

Goldman Sachs and Lincoln Harris are marketing the not even completed Legacy 1 tower which is now about 80+% pre leased according to Refi Magazine.  They are thinking they should get $435 M for the building or $520 a sq foot!  Says construction financing was from 5/3.     Interesting not totally surprising but expected as they divided up the tract in plats in  a condominium format. 

 

[Guest]

28 minutes ago, KJHburg said:

Goldman Sachs and Lincoln Harris are marketing the not even completed Legacy 1 tower which is now about 80+% pre leased according to Refi Magazine.  They are thinking they should get $435 M for the building or $520 a sq foot!  Says construction financing was from 5/3.     Interesting not totally surprising but expected as they divided up the tract in plats in  a condominium format. 

 

And they recently divided another condo plat, for legacy 4 ;-)

[urbanlover568]

What became of the underground tunnel?

[SydneyCarton]

1 hour ago, ricky_davis_fan_21 said:

And they recently divided another condo plat, for legacy 4 ;-)

Is Legacy 4 the Honeywell Tower?  While KJ and I are in the minority, I think that this project is great.  I hope that it has a lot of greenery between the buildings like Battery Park City of the Hudson Yards in the city that shall not be mentioned.

[Guest]

8 minutes ago, SydneyCarton said:

Is Legacy 4 the Honeywell Tower?  While KJ and I are in the minority, I think that this project is great.  I hope that it has a lot of greenery between the buildings like Battery Park City of the Hudson Yards in the city that shall not be mentioned.

Legacy 3 is Honeywell, and We will see about greenery, they keep making the promenade make less and less sense.

[SydneyCarton]

5 minutes ago, ricky_davis_fan_21 said:

Legacy 3 is Honeywell, and We will see about greenery, they keep making the promenade make less and less sense.

Thanks.  Since it's not clear if BB&T/SunTrust will occupy LU4, do you know if it will even be an office tower, or might it be a residential/hotel tower?

[Guest]

4 minutes ago, SydneyCarton said:

Thanks.  Since it's not clear if BB&T/SunTrust will occupy LU4, do you know if it will even be an office tower, or might it be a residential/hotel tower?

You'd have to walk into Lincoln Harris and take someone hostage to get that info.

[Dale]

2 hours ago, KJHburg said:

Goldman Sachs and Lincoln Harris are marketing the not even completed Legacy 1 tower which is now about 80+% pre leased according to Refi Magazine.  They are thinking they should get $435 M for the building or $520 a sq foot!  Says construction financing was from 5/3.     Interesting not totally surprising but expected as they divided up the tract in plats in  a condominium format. 

 

Look forward to someone buying the building and making $100,000,000 improvements.

[KJHburg]

I am putting  a group of investors now to buy it on a 250 year mortgage plan.   Then I will reclaimed the top floor for my own use and make the pyramid flip open for a helipad. 

[dylansukkert]

Looks like from the webcam at LU2 is moving upwards now!

[Matthew.Brendan]

Friendly wager that we will see zero residential in all of LU.

[CharlotteWkndBuzz]

31 minutes ago, Matthew.Brendan said:

Friendly wager that we will see zero residential in all of LU.

Man, I was literally going to post something like that earlier this morning.  With how the market is going and companies relocating to LU, if the residential aspect got 86-ed.  I think LH & Co have an idea/plan of how they envision the full build-out turning out but nothing is set in stone.  If a company came in and said they want to build x tower on a vacant parcel, they would be open to the idea.  I would be okay with that (no resi) if they built a high-end 30+ story hotel on site, although I would still prefer if there was both hotel/resi on site.  My work place doesn't allow me to view legacyunioncharlotte.com anymore for some reason lol but depending upon how you break up those remaining parcels, still have a lot of tower options to still build a residential, I would think.  

Edited May 8, 2019 by CharlotteWkndBuzz

[CarolinaDaydreamin]

37 minutes ago, CharlotteWkndBuzz said:

Man, I was literally going to post something like that earlier this morning.  With how the market is going and companies relocating to LU, if the residential aspect got 86-ed.  I think LH & Co have an idea/plan of how they envision the full build-out turning out but nothing is set in stone.  If a company came in and said they want to build x tower on a vacant parcel, they would be open to the idea.  I would be okay with that (no resi) if they built a high-end 30+ story hotel on site, although I would still prefer if there was both hotel/resi on site.  My work place doesn't allow me to view legacyunioncharlotte.com anymore for some reason lol but depending upon how you break up those remaining parcels, still have a lot of tower options to still build a residential, I would think.  

Yeah I think if there were a residential tower it would get gobbled up first by office then secondly by hotel. I think this would be one of the top, if not THE top sites for additional hotel at this point. I know of the plans for the hotel at 3, but could see one at 4 as well.  I think at some point LH will buy another large site and start this process all over again with more retail. Hopefully in Levineland.