atlrvr

Brooklyn Village Redevelopment in 2nd Ward

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any chance they'll reconnect the grid east of mcdowell? ...like rebuilding the original "long street" between 3rd and Stonewall, and connecting 2nd and maybe first to it. hopefully beyond even the 2nd ward plan.

http://maps.google.com/maps?q=charlotte&ll...,0.010461&hl=en

http://www.charmeck.org/Departments/Planni...d+Plan/home.htm

Also, depending on how this comes out of the ground, McDowell has a big chance of being our secondary skyline. It already is, sort of, just with ugly buildings... so if some attractive height can replace the adam's mark, that would be awesome. and people+jobs for 2nd ward will also help get things started...

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Actually.....there might not be tear-downs after all....which would eliminate the extension of 2nd. I'm not sure yet on the connection between 3rd and Stonewall, but I think it would be a major benefit for the property.

There will be some office (more office), retail, and a LOT more residential.

Without a teardown, this deal seems to make more sense, and they can phase it in over time.

Again, we are talking DEEP pockets, and this investor has some trophy properties, so I think that what does happen will be high-quality.

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Also, depending on how this comes out of the ground, McDowell has a big chance of being our secondary skyline.  It already is, sort of, just with ugly buildings... so if some attractive height can replace the adam's mark, that would be awesome.  and people+jobs for 2nd ward will also help get things started...

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I think that Walton Plaza is a good candidate for tear-down with some high-rise residential, though I don't know of anything specific in the works. Also, the Sheraton Four Points will be no longer, though I think it will be operated independently in the short-term. I have someone digging on the long term plans for the property (which is owned by the Griffiths).....hopefully I will have something to share soon.....but I think we might in fact see a mini-skyline circling a low/mid-rise 2nd Ward.

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a little disappointing to not be tear downs (gosh, i'm really becoming a charlottean :) )... but the economic activity and residential there will go a long way. (actually connection between stonewall and 3rd could still happen if they wanted it to, as they just need to put the street through the first floor of the deck... but i'm guessing that isn't really a priority for them.

I personally like it because it would allow for the landlocked block in the stonewall to belk entrance loop to be developed. I know they are planning to reconfig the loop, but if half of it were a street instead, then the land could be sold and grouped into this project.

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I am assuming that at least the Adams Mark buildings will be re-clad. I'm not sure what would happen with the Cameron Brown, but I somewhat doubt that they would vacate a occupied office building that is generating strong income. Of course, they could build a new office tower, and move these people over before re-cladding CB.

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Actually.....there might not be tear-downs after all....which would eliminate the extension of 2nd.  I'm not sure yet on the connection between 3rd and Stonewall, but I think it would be a major benefit for the property.

There will be some office (more office), retail, and a LOT more residential.

Without a teardown, this deal seems to make more sense, and they can phase it in over time.

Again, we are talking DEEP pockets, and this investor has some trophy properties, so I think that what does happen will be high-quality.

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where would they put it atlrvr??? (more office that is???)

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I would assume either along McDowell between CB and the AM, or on the back side of CB, overlooking 277.....there is TONS of room on this property, but it would make the most sense to be close to the courthouse since the majority of office users in that area are law firms.

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I would assume either along McDowell between CB and the AM, or on the back side of CB, overlooking 277.....there is TONS of room on this property, but it would make the most sense to be close to the courthouse since the majority of office users in that area are law firms.

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makes sense....When you say there will be an announcement soon...Are we talkin' a few weeks, months??? (sorry to be such a pest, but I know you have you hand on the pulse of this type of thing atlrvr, and I am an impatient person :P )

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a major positive to having the current buildings remain will be that it starts building a multiple-tower-per-block density in that area. The current 8-12 (?) story buildings around would be fine with some 5-15 story buildings abutting and between them on the same block. They aren't terrible buildings, they are just boring. If the current structures act as foundations for the new density, then it could be great.

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a major positive to having the current buildings remain will be that it starts building a multiple-tower-per-block density in that area.  The current 8-12 (?) story buildings around would be fine with some 5-15 story buildings abutting and between them on the same block.  They aren't terrible buildings, they are just boring.  If the current structures act as foundations for the new density, then it could be great.

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I agree dubone. I don't like the "line" that the mcdowell street bldgs form. I am wanting DENSITY. (ie multiple bldgs with differnet heights. It adds great depth to a row of bldgs currently out of date and place IMHO)

Density or Bust.... :P

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Hmmm.....I can't say for certain, but soon.....possibly next week.

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if ihaven't said it before, please allow me to do so now atlrvr:

YOU DA' MAN !!! B)

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"DEEP POCKETS?!"

Trump.

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You wouldn't know it from the shameless self promotion, but Trump isn't a big developer. Last list I saw had him about 10th in NYC, much less the nation. Silverstein could buy him for what he thinks he's worth, and sell him for what he's really worth and not miss the money. In fact, Trump's in trouble again, and not just his casinos.

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You wouldn't know it from the shameless self promotion, but Trump isn't a big developer. Last list I saw had him about 10th in NYC, much less the nation. Silverstein could buy him for what he thinks he's worth, and sell him for what he's really worth and not miss the money. In fact, Trump's in trouble again, and not just his casinos.

Indeed, he just knows how to play it up. He is great at generating hype. I am excited and anxious about this new development. I don't know what to expect.

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I still think that surface lot across from Rock Bottom becomes a mixed use tower in the future, but they will have to have an anchor tenant signed, so it's a wait and see.....I don't see that site going all residential.

(Again, the source on BofA's long term plan is decently in the know .....but the info isn't straight from the horses mouth....meaning BofA)

2 Corp. is done and will never happen.  As I mentioned earlier, I think this is a hotel and probably condo/hotel site with a large amount of retail.  This is probably at least 5 years from happening, but a few things could speed it up.  Charlotte gets the NASCAR HOF.....The Adam's Mark does in fact get sold (this looks likely).....Ghazi doesn't do a hotel with EpiCentre.....and US Airways continues to operate a hub here......

If all that occurs and the hotel market continues to recover, I say maybe 2 years from now someone would be interested in that site.

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Atlrvr...You are seriously the man. B) The Adams Mark deal was in the Charlotte Business Journal today. Front page news ! I don't know where you get this stuff, but keep it coming. My buddies at the office think I have some real close friends in high up places since I learn about big real estate deals weeks before they hit the newstand. I love UP. and most importantly I appreciate your insight to the corporate real estate market. It is very much appreciated. :thumbsup:

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Consequently, the family who bought the 15 acre complex also purchased the Chicago Sears tower according to the CBJ article. This guy has got some serious coin. I am overwhelmed at how fast new proposals are coming in. This place is getting ready to explode. I actually heard head of the Chamber say that the Charlotte Skyline is going to change more in the next five years than it did in the entire span of the last twenty. That is one bold statement, but I have to agree. The catalysts of the arena and residential high rises are now going to have a domino effect and lead to major retail in the next few months or year. We are going to have an amazing city guys. The only city that I can say that developed as fast as Charlotte that I can remember is Atlanta in the 70's and 80's.

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What are details of this proposal outlined in the CBJ?

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The article mainly explains the transactional end of the deal. The article speculates many things as to what the new owner is going to be willing to do. Atlrvr that is your territory. I think I remember you stating they were looking at a combo of residential and office. I figure if this cat is going to drop serious change, he has BIG plans for that part of uptown. It really will compliment the Midtown Square project due to its close proximity. Consequently, that was in the CBJ as well. The city and county are going to subsidise the Home Depot project at Midtown Square. 17 million from what the article says. This area is going to boom.

Edited by A219724

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was there new news of midtown square, or just mention of the subsidy?

it would be kind of cool if this project could include a pedestrian bridge to connect the adam's mark project with the midtown project. Rather interesting to think of a large condo project with a bridge/overstreet connection to home depot and target :). Not that people can't walk on stonewall or 3rd, but an extra connection would further reverse the Belk barrier effect.

Anyway, i'm patient enough to wait for details on this project, as we'll need to be plenty plenty patient after all the announcements... but i'm really excited about the possibilities: McDowell skyline density, 2nd ward residential, grid rebuilding, uptown residential and retail, perhaps some life for Marshall Park, demolition/renovation/minimization of the boring buildings...

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