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Legacy Union (former Charlotte Observer redevelopment)

Missmylab4

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KJHburg Ecumenopolis

KJHburg

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1 hour ago, rancenc said:

Would that also include rumblings for a major relocation to fill that tower???:tw_thumbsup:

dont know but I think it is being pitched to this company looking for a HQ that is circling Charlotte maybe for a new home.  could be Fintech firm but maybe something else.  Could be from the west coast maybe not.     I will say this no major office building over 500K will be started without an anchor tenant in this current environment.  that includes this site and the big Midnight diner uptown cabaret site in Southend.  Smaller building might be started as all spec but not big towers way too risky right now. 

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All of UP looking at this post.  

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Sorry I’m late. Traffic was a mess. All of those damn protestors from Atlanta and Winston-Salem that are upset.    

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Blue_Devil Burg

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17 hours ago, KJHburg said:

dont know but I think it is being pitched to this company looking for a HQ that is circling Charlotte maybe for a new home.  could be Fintech firm but maybe something else.  Could be from the west coast maybe not.     I will say this no major office building over 500K will be started without an anchor tenant in this current environment.  that includes this site and the big Midnight diner uptown cabaret site in Southend.  Smaller building might be started as all spec but not big towers way too risky right now. 

Do you think the South End site has a major tenant looking there as well? Or will they move forward with just residential first?  Also, and this is just a guess, I am assuming if they move forward with Office on the next Legacy tower, tower 5 would be residential and tower 6 a hotel + residential? 

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KJHburg Ecumenopolis

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1 minute ago, Blue_Devil said:

Do you think the South End site has a major tenant looking there as well? Or will they move forward with just residential first?  Also, and this is just a guess, I am assuming if they move forward with Office on the next Legacy tower, tower 5 would be residential and tower 6 a hotel + residential? 

Both developers could be pitching the same tenant for an office tower.  Neither office tower would be started without an anchor especially the size talked about in Southend by the midnight diner block.  I do believe a residential tower or hotel at Legacy will happen but Lincoln Harris is an office developer first and I think they would joint venture on the other types.  as for the south end project I don't think it will start without the office tower.  None of this I know for sure but educated guesses. 

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Blue_Devil Burg

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8 minutes ago, KJHburg said:

Both developers could be pitching the same tenant for an office tower.  Neither office tower would be started without an anchor especially the size talked about in Southend by the midnight diner block.  I do believe a residential tower or hotel at Legacy will happen but Lincoln Harris is an office developer first and I think they would joint venture on the other types.  as for the south end project I don't think it will start without the office tower.  None of this I know for sure but educated guesses. 

Makes sense. I have to wonder between companies like Citi, Moody's, MUFG, if there aren't multiple anchors looking around. I am also curious if this same anchor was looking at 110 East. 

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KJHburg Ecumenopolis

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We may not have Biscayne Bay like Miami or Lake Michigan like Chicago but we have one of the best lighting schemes of any CBD in the country I do believe.  Miami is not lit up like us as so many of their mega towers are condos and apartments and those people frown on neon lights on the outside.  I will just say Charlotte has one of the best nighttime skylines in the country in terms of unified lighting.  We are the Vegas of the banking world and that is a good thing (and you lose a lot less money here) 

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CLT @❤️ Whistle-Stop

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On 8/11/2021 at 1:41 PM, KJHburg said:

Both developers could be pitching the same tenant for an office tower.  Neither office tower would be started without an anchor especially the size talked about in Southend by the midnight diner block.  I do believe a residential tower or hotel at Legacy will happen but Lincoln Harris is an office developer first and I think they would joint venture on the other types.  as for the south end project I don't think it will start without the office tower.  None of this I know for sure but educated guesses. 

Quick question, what do we know thus far about this prospective tower on the midnight diner spot? 

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KJHburg Ecumenopolis

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what I have heard multi tower project maybe 2 residential towers and one large tall office tower.  Riverside builds tall as you can see from their Chicago projects.  They must have an anchor tenant pretty much tied up as no one would start a building 650K or MORE as a spec in this market right now.  I have heard rumors of out of state corporate interest.   But one thing I will add their 110 Wacker tower in Chicago was anchored by no less than Charlotte based BofA.   Not saying that is the tenant but they have worked with them before.  This tower the office tower would be uptown height the new tallest building outside the 277 loop. 

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HopHead City

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13 hours ago, KJHburg said:

what I have heard multi tower project maybe 2 residential towers and one large tall office tower.  Riverside builds tall as you can see from their Chicago projects.  They must have an anchor tenant pretty much tied up as no one would start a building 650K or MORE as a spec in this market right now.  I have heard rumors of out of state corporate interest.   But one thing I will add their 110 Wacker tower in Chicago was anchored by no less than Charlotte based BofA.   Not saying that is the tenant but they have worked with them before.  This tower the office tower would be uptown height the new tallest building outside the 277 loop. 

So reading the tea leaves here we can expect something like a 30-40 story office tower and two 20-25ish story residential towers?!?!

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vrek Crossroads

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just a wild guess but i think the next building is going to be built. ive noticed they moved the food trucks to the garagemahal and there are little irrigation flags all over the place and i know that area already has irrigation, ive been sprayed one time riding a bird through there on the way to work :tw_lol:

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navigator319 Burg

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just a wild guess but i think the next building is going to be built. ive noticed they moved the food trucks to the garagemahal and there are little irrigation flags all over the place and i know that area already has irrigation, ive been sprayed one time riding a bird through there on the way to work :tw_lol:

There were surveyors on the lot last week also with their tripods doing what they do also.
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KJHburg Ecumenopolis

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3 hours ago, HopHead said:

So reading the tea leaves here we can expect something like a 30-40 story office tower and two 20-25ish story residential towers?!?!

My tea leaves say 40+ office tower and 2 30+ residential towers.

2 hours ago, Madison Parkitect said:

That's SO much to put on a site that small. Awesome density.

site is pretty big from Carson to Morehead including the Uptown Cabaret site 

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Madison Parkitect Burg

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40 minutes ago, KJHburg said:

My tea leaves say 40+ office tower and 2 30+ residential towers.

site is pretty big from Carson to Morehead including the Uptown Cabaret site 

It's long but kind of narrow. Probably about the same amount of total space as the Legacy Union site, right? A 40 and two 30s in that amount of space is more dense than Legacy Union or Ally across the street. Either way, it's exciting! 

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Blue_Devil Burg

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17 minutes ago, Madison Parkitect said:

It's long but kind of narrow. Probably about the same amount of total space as the Legacy Union site, right? A 40 and two 30s in that amount of space is more dense than Legacy Union or Ally across the street. Either way, it's exciting! 

Legacy Union is more than twice the size. 

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KJHburg Ecumenopolis

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2 minutes ago, norm21499 said:

Should the Uptown Cabaret site have it's own thread? I almost thought that Legacy Union was doing something else big! Lol

Yes but not sure what to call it the Midnight Diner Uptown Cabaret thread or Riverside Development South Tryon site? 

This Legacy thread will go on for many more years until built out.  There is room for at least 3 more towers on the Legacy 2 blocks. 

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Blue_Devil Burg

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46 minutes ago, KJHburg said:

Yes but not sure what to call it the Midnight Diner Uptown Cabaret thread or Riverside Development South Tryon site? 

This Legacy thread will go on for many more years until built out.  There is room for at least 3 more towers on the Legacy 2 blocks. 

Maybe Lincoln Harris has a build it and they will come mindset here?  I doubt it, but I just walked by the site it looks clear out? Legacy Union 2 is 80+ percent leased (I think 86%) which is healthy especially in this market... Maybe they go for a Kane approach... 

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