Legacy Union (former Charlotte Observer redevelopment)

[Spartan]

1) The legacy union side facing Tryon is pretty crappy too. That large building at Hill/Tryon has exactly ZERO doors that open on to the sidewalk. Fortunately its glass so its salvageable... but I'm cautiously skeptical about the remainder of the block until I see evidence not to be.

2)I walk through the Church St quite a bit, and IMO the issue there isn't the "ugliness" - businesses in parking decks are doing pretty well just a block or two away. The problem, IMO is the block between 1st and Stonewall (along the Mint and old Duke HQ) are completely dead and hopeless, so there's no retail energy to connect the two. Once the Duke building is replaced, it will (presumably) have retail facing Church, which should in turn help draw people further up the street.

3) IMO unless there's mostly private funding for a cap, I just don't see it happening over the Belk. I think there's a stronger argument for the one proposed along the silver line crossing of Brookshire because it aligns with other capital projects, incentivizing new development, and there's a better equity argument for that type of investment.

[CharlotteWkndBuzz]

Absolutely sucks they are 86-ing the 2nd tower over the garage. Now, I just wish they would at least make the top of the deck a mini park like DEC or something like DFA. The top of the deck between Deloitte and BOAT looks ugly. Could have been a cool amenity for both towers. 
 Sounds like we’re just going to get essentially another structure like this on the other side:

[KJHburg]

I think I said this about 4 months ago but here you go.  Law firm Robinson Bradshaw anchoring new Legacy tower taking 101.000 sq ft. 

https://www.bizjournals.com/charlotte/news/2022/05/05/robinson-bradshaw-legacy-union-uptown.html

""Robinson Bradshaw, one of Charlotte's largest law firms, has signed a 15-year lease to anchor the planned fourth office tower in uptown's Legacy Union development. Multiple sources have told the Charlotte Business Journal the firm will take 101,000-plus square feet and occupy the top four floors of the building.  Lincoln Harris is developing Legacy Union, a 10-acre, multiphase development that spans two contiguous city blocks. Legacy Union now includes Bank of America Tower and Honeywell Tower as well as 650 South Tryon at Legacy Union, home to Deloitte and JLL. ""

 

[CLT Development]

On 5/3/2022 at 8:12 PM, CharlotteWkndBuzz said:

Absolutely sucks they are 86-ing the 2nd tower over the garage. Now, I just wish they would at least make the top of the deck a mini park like DEC or something like DFA. The top of the deck between Deloitte and BOAT looks ugly. Could have been a cool amenity for both towers. 
 Sounds like we’re just going to get essentially another structure like this on the other side:

This is built to support an 8 floor office expansion. 

[Phillydog]

Still no renderings, eh?

[CLT Development]

13 minutes ago, Phillydog said:

Still no renderings, eh?

With this particular company it'll be coming from the media before it comes from me. I think that goes for a few others on this board as well.

[SydneyCarton]

While I'm sure that no one agrees with me, I'd be elated to see a taller version of this at LU.  I think that these domed buildings are beautiful.

 

Edited May 6, 2022 by SydneyCarton

[KJHburg]

It wont look like that it is a taller version of Deloitte tower with some similar features with balconies etc.  23 stories or so. 

[CLTProductions]

9 hours ago, CLT Development said:

With this particular company it'll be coming from the media before it comes from me. I think that goes for a few others on this board as well.

LOL, got that right. They scare me

[JeanClt]

It wont look like that it is a taller version of Deloitte tower with some similar features with balconies etc.  23 stories or so. 

I think SydneyCarton meant another tower with a similar Design but taller. A taller domed building would be cool imo.

[SydneyCarton]

I should work for Johnny Harris.  I love his Neoclassical developments.  Didn't LH even design the Taj Ma Teeter?  I think that's the best supermarket I've ever seen other than the Publix in Palm Beach.

Edited May 6, 2022 by SydneyCarton

[RANYC]

13 hours ago, SydneyCarton said:

While I'm sure that no one agrees with me, I'd be elated to see a taller version of this at LU.  I think that these domed buildings are beautiful.

 

I like the domed bldgs.  Would actually love a residential version of this in Uptown 

[atlrvr]

For newer built ornate Neo-Classical, outside of NY this is probably the only tower I'm a big fan of.  191 Peachtree in Atlanta.

https://191peachtree.com/

[KJHburg]

To the BOAT at Legacy:  I maybe in the minority but I love your look. Classic, pyramid on top, great lighting.  Some say you look like the 1980s I say you are a classic. And you stand taller than any building in Tennessee and you are the 4th tallest in the state of NC.

For a tower that has no rendering release except drawing I acquired at the last UP meetup this tower is coming along.  No design but 100K anchor and a busy site.  

[gman430]

[SydneyCarton]

That patch of grass looks like a Brazilian wax strip now more than ever.

[atlrvr]

650 S Tryon is under contract.  $550/sf.  It is slightly over 70% leased.  Highwoods is the buyer, who already purchased BOAT last year.  

Lincoln Harris now has enough cash to hire a rendering artist <<< blue font, I think

[KJHburg]

1 hour ago, atlrvr said:

650 S Tryon is under contract.  $550/sf.  It is slightly over 70% leased.  Highwoods is the buyer, who already purchased BOAT last year.  

Lincoln Harris now has enough cash to hire a rendering artist <<< blue font, I think

this maybe their financing for the new tower to get their cash back. 

 

[KJHburg]

2 hours ago, KJHburg said:

this maybe their financing for the new tower to get their cash back. 

 

Just noticed from the Highwoods press release they are putting up  earnest money deposits in the amount of $22.5 million that are non-refundable except in limited circumstances.

There is your possible equity investment for the new tower. 

Highwoods-Announces-Charlotte-Market-Expansion-2022.pdf (q4cdn.com)

[Nick2]

On 5/9/2022 at 6:00 PM, atlrvr said:

650 S Tryon is under contract.  $550/sf.  It is slightly over 70% leased.  Highwoods is the buyer, who already purchased BOAT last year.  

Lincoln Harris now has enough cash to hire a rendering artist <<< blue font, I think

I'm kind of impressed that this community just kind of randomly agreed that blue font was the way we wanted to convey sarcasm or incincerity and everyone rolled with it.

[Reverie39]

On 5/2/2022 at 12:09 PM, SydneyCarton said:

Not to beat a dead horse, but looking at Mgelbach's photo, it's inconceivable that 277 from (at a minimum) S. Church to S College isn't decked over and made into a park.

 

You know, I always look at pictures like this and feel like the grass surrounding 277 is a little out of place. Not that I don’t appreciate greenery but, like, it’s just so plain in what could be an area with something more. Why not have some bushes or trees there?

[JeanClt]

You know, I always look at pictures like this and feel like the grass surrounding 277 is a little out of place. Not that I don’t appreciate greenery but, like, it’s just so plain in what could be an area with something more. Why not have some bushes or trees there?

It’s likely regulations.

[Phillydog]

46 minutes ago, JeanClt said:

It’s likely regulations.

Shrubs and trees, perennials and annuals may be planted in NCDOT r.o.w. with their approval and it would help the cause if the City agreed to install and maintain.

[Crucial_Infra]

13 hours ago, Phillydog said:

Shrubs and trees, perennials and annuals may be planted in NCDOT r.o.w. with their approval and it would help the cause if the City agreed to install and maintain.

This really needs to happen. Anyone have some connections to make an intro between the two about this? That grass is so B A S I C looking. Might as well be driving into a suburban office park.  

[QCxpat]

Today 9:00 a.m.

Edited May 28, 2022 by QCxpat