Legacy Union (former Charlotte Observer redevelopment)

[TheOneRJ]

7 hours ago, CLT2014 said:

Visitor spending can be measured a lot of different ways, hence the variance between Nashville and Charlotte. There is no official way required to report this. The CRVA is trying to spin a state-wide report based on "tax savings to citizens" to make it like we are more popular to visit as a tourist than reality. If you dig deeper than the "teaser" press release, you see the methodology to calculate visitor spending includes expenditures like "Aviation-related spending for visitors based on airport and passenger data (individual airports)" as a part of tourism spending.....

What is Mecklenburg County's #2 visitor expenditure category.... TRANSPORTATION: 25% of our county's visitor spending is transit, by far the most in North Carolina.... because 100,000 people connect at CLT each day, the airport employs THOUSANDS of people, and it generates A LOT of tax revenue. We get more visitor spending from Transportation than Lodging. Many more people visit the airport and pass through than actual visit our city, but the people connecting count as "visitor" expenditures. This contrasts to the other county's in the state where transportation is less than 10% of visitor spending like Buncombe, Wake, et... because they aren't big connecting airports.

The demand for overnight tourism is definitely bigger in Nashville and reflects in hotel room count:
Davidson County, TN (population 716,000): 45,000
Mecklenburg County, NC (population  1.1 million): 28,000

The hotel industry is just responding to demand. Despite Davidson County, TN being a smaller population center, tourism demand is higher, thus there are 38% more rooms in Nashville's principal county than Charlotte's principal county.

https://partners.visitnc.com/contents/sdownload/72324/file/All-County-Data.pdf
https://partners.visitnc.com/contents/sdownload/72327/file/2020+Regional+Visitor+Spending.pdf
https://partners.visitnc.com/contents/sdownload/72320/file/NC-Economic-Impact-Methods-Tourism-Economics.pdf

According to the Center City Partners, as of 2018, Uptown Charlotte sees around 18 million people annually compared to Nashville’s reported 16.1 million. While the CRVA may be using the airport to “inflate” Charlotte’s  overall annual tourism numbers, Uptown Charlotte still leads Downtown Nashville in tourism. The number of current hotel rooms in each city isn’t the best way to define demand as Charlotte is severely lacking in hotel room count, which leads me back to my original point. 

https://www.charlottecentercity.org/wp-content/uploads/2018/05/CCCP2018_AnnualReport_Single-Pages-1.pdf

https://www.visitmusiccity.com/explore-nashville/about/statistics

[jednc]

And there are many places in downtown Nashville that smell like urine. No thanks.

[KJHburg]

20 hours ago, jednc said:

And there are many places in downtown Nashville that smell like urine. No thanks.

and this is truth on my spring visit during the morning Broadway did notice the smell of massive drinking on the streets.  Reminded me of New Orleans.  

Keep an eye out for any signs of the new tower everyone. 

[RANYC]

17 minutes ago, KJHburg said:

and this is truth on my spring visit during the morning Broadway did notice the smell of massive drinking on the streets.  Reminded me of New Orleans.  

Keep an eye out for any signs of the new tower everyone. 

Was in that area earlier this evening.  No tower ground-breaking, but tons of foot traffic and street carts selling sombreros as fans started to flood into uptown to watch the Mexico vs. Ecuador soccer match tonight.  I think it's fantastic and actually quite differentiating that our stadium is nestled into the heart of our downtown.  In the next several years, I hope we find ways to continue to integrate that venue with its surroundings, in a totally pedestrian-accessible, and streetscape-activating way.  As a southern, sunbelt city, it's tremendous that we haven't surrounded our stadium with sprawling seas of surface parking.

Edited October 28, 2021 by RANYC

[KJHburg]

Dear Lincoln Harris,

I noticed your information on your new 600 South Tryon tower is now gone from your website.  we were just joking with that role play @atlrvr did.  We want you to build this tower and I am glad I copied the information.  Just start the tower and it will show us on UP not to scoop you.  and to show us how wrong we are add 10 floors to the expected 23 stories. 

Sincerely.,

KJ

Portfolio - Lincoln Harris

PS I like the new photo of Honeywell tower from BofA Stadium on the home page.   

Here is their market report and it does state the Honeywell Tower is for sale.

3Q-2021-Charlotte-Office-Market-Report.pdf (lincolnharris.com)

Edited October 29, 2021 by KJHburg

[Blue_Devil]

...

 

Edited November 2, 2021 by Blue_Devil

[DMann]

Hmmmmm

[CLT_King]

Early morning sunshine. 

[DMann]

I wonder if our friends are freeing up some cash to build a new Charlotte building?

 

U.S. Bank has sold a pair of buildings downtown, including its namesake tower that is one of the largest office buildings in St. Louis.

The bank sold U.S. Bank Plaza, its 36-story, 658,000-square-foot office building at 505 N. Seventh St., to a venture between MAP and Crescent Investment Group, a privately held commercial real estate company, bank spokesperson Evan Lapiska said in an email. Crescent is based in Atlanta.

The purchase, which closed in late October, also included the building that housed U.S. Bank's adjacent branch at 721 Locust St., Lapiska said. That branch closed last year amid the pandemic and will not reopen, he said. 

A purchase price wasn't disclosed. Officials with the city of St. Louis said they did not yet have a record of the transaction.

Built in 1975 and the fifth largest office building in the region, the U.S. Bank Plaza building had a 2020 appraised value of $33 million, according to city records. Among its most notable tenants is law firm Thompson Coburn. 

U.S. Bank Plaza will keep its name after the sale, Lapiska said. He added that U.S. Bank will sign a long-term lease with the owners of the office tower and keep its space there. The bank didn't immediately respond to questions about how much space it occupies in the building or how many employees work there. Lapiska said the sale wouldn't impact staffing levels or customer service.

The Minneapolis/St. Paul Business Journal reported last month that parent company U.S. Bancorp, which is based in Minneapolis, is so far keeping with its return-to-office timeline, specified only as sometime in the fourth quarter this year.

“We’re proud to serve our customers in St. Louis and look forward to continuing to serve the community,” Lapiska said.

 

[KJHburg]

will be in Chucktown next week on the coast let me know if anything happens on this corner where a 23-25 story 500K office building will rise.  as I said LH will start it then tell us about it later.

 

[atlrvr]

Building permits for all three components (Foundation / Core / Frame) were all filed for last night.  It will take a few months to receive approval, but I'd guess we'll see actual foundation work begin in 1Q22.

[Mgelbach]

Cant wait to see the next tower rising here!!

Some pictures to celebrate!

[KJHburg]

12 minutes ago, atlrvr said:

Building permits for all three components (Foundation / Core / Frame) were all filed for last night.  It will take a few months to receive approval, but I'd guess we'll see actual foundation work begin in 1Q22.

great news and I knew it would happen while I am gone.

what is these new symbols on everyone's avatar and @Mgelbach has a little rocket?  

[Mgelbach]

3 minutes ago, KJHburg said:

great news and I knew it would happen while I am gone.

what is these new symbols on everyone's avatar and @Mgelbach has a little rocket?  

I think they're the new city rankings, if you hover over them they've got a little pop up. Looks like you're Gigapolis!

[turbocraig]

32 minutes ago, KJHburg said:

what is these new symbols on everyone's avatar and @Mgelbach has a little rocket?  

Looks like they replaced the Reaction count totals for everyone.  Someone has got it out for the Reactions.  Are they overreacting?

[Blue_Devil]

47 minutes ago, turbocraig said:

Looks like they replaced the Reaction count totals for everyone.  Someone has got it out for the Reactions.  Are they overreacting?

You can't see who reacted to you either now. 

[SydneyCarton]

Megelbach’s great photo clearly shows the need for decking over this part of the freeway between Church and College (at a minimum).

[videtur quam contuor]

@Neo Responded to my message about responses no longer visible. He has made them "anonymous". One may not reply to a response directly. In my Notifications if there is a single respondent (Heart, Thank, etc.) it appears with the respondents board name. Multiple responses are not listed individually, but as "5 people..." Only the poster may see who respondents are, and not in all cases.

Edited November 9, 2021 by tarhoosier

[TGIBridays]

44 minutes ago, tarhoosier said:

@Neo Responded to my message about responses no longer visible. He has made them "anonymous". One may not reply to a response directly. In my Notifications if there is a single respondent (Heart, Thank, etc.) it appears with the respondents board name. Multiple responses are not listed individually, but as "5 people..." Only the poster may see who respondents are, and not in all cases.

 

It's not a big deal, but strange regardless. 

[videtur quam contuor]

Now I have three responses to my post just above about Neo and his reply to my question. Each response is from "somebody". A search for "somebody" in Members shows a join date of 8 October, 2008 and a last visit date of December 2009. "somebody" is a placeholder for other respondents rather than their avatar names. Some respondents are identified by their appropriate avatar. I cannot tell which respondent is real and which is a placeholder.

[SydneyCarton]

On 11/9/2021 at 8:19 AM, atlrvr said:

Building permits for all three components (Foundation / Core / Frame) were all filed for last night.  It will take a few months to receive approval, but I'd guess we'll see actual foundation work begin in 1Q22.

Atlrvr: Were the floors and height specified in the permits?  Was the architect identified?

[49er]

8 floors parking, 16 floors office. Standard podium deal. 

[Norm2]

54 minutes ago, 49er said:

8 floors parking, 16 floors office. Standard podium deal. 

So, much, parking! Ugh. 

[SydneyCarton]

1 hour ago, 49er said:

8 floors parking, 16 floors office. Standard podium deal. 

Isn't this new building going to be clearly visible from Tryon?  If so, I hope that the parking structure at the base looks good.  

[#1Son]

@SydneyCarton If Deloitte and Honeywell are the LH standard the parking base should be integrated very nicely.