Jump to content

1 Brevard - 28 Story Tower at 4th & Brevard in 2nd Ward

atlrvr

By atlrvr
in Charlotte

Recommended Posts


  • Replies 220
  • Created
  • Last Reply
AuLukey Town

AuLukey

Posted
Posted

While I'm liking the design overall, I'm a bit let down that the "X" columns and BreXard logo from the original sketch were cut in this rendering.  I thought those columns really brought something to the street if it wasn't going to have much space for retail.  Also, I think the pool will still get some sun, just not at "high-noon."  I'm sure this won't be the final design for the amenity deck though.

Link to comment
Share on other sites
cltbwimob Burg

cltbwimob

Posted
Posted

Skye had issues with financing because the commercial/hotel component.  That is why sales have been sluggish over there.

I would have thought the hotel would actually help the financing picture.  I thought hotels were less risky investments than condos.

 I have wondered why 1 Brevard didn't use the hotel/residences concept...Perhaps that is the reason why.

Link to comment
Share on other sites
rjp212 Burg

rjp212

Posted
Posted

I would have thought the hotel would actually help the financing picture.  I thought hotels were less risky investments than condos.

 I have wondered why 1 Brevard didn't use the hotel/residences concept...Perhaps that is the reason why.

Financing for mortgages tends to be very anti-mixed use.  It's become a bit easier though.

Link to comment
Share on other sites
Ryan20 Unincorporated Area

Ryan20

Posted
Posted

Price per sq ft is going to be $530-700 based on some unit prices I saw last night. Way too high in my opinion. They love that fact that they are blocking Skye's view but only partially. It's ironic that there is another surface parking lot across the street from 1Brevard that could easily block it's view as well as soon as someone decides to put up a building there. I also think the pool area is a disaster, who wants shade covering your pool? I'll be very interested to see if they can sell enough units as those prices, they need 50% pre sales before construction starts. 

Link to comment
Share on other sites
Guest

Guest

Posted
Posted

Price per sq ft is going to be $530-700 based on some unit prices I saw last night. Way too high in my opinion. They love that fact that they are blocking Skye's view but only partially. It's ironic that there is another surface parking lot across the street from 1Brevard that could easily block it's view as well as soon as someone decides to put up a building there. I also think the pool area is a disaster, who wants shade covering your pool? I'll be very interested to see if they can sell enough units as those prices, they need 50% pre sales before construction starts. 

Good luck getting that surface lot developed. Its owned by NCRR. 

Link to comment
Share on other sites
atlrvr Metropolitan Area

atlrvr

Posted
  • Author
Posted

NCRR is North Carolina Railroad, a quasi-governmental state agency.  NCRR was mandated to sell all non-core holdings several years ago by the state legislature, so I disagree that the site is a long way from being redeveloped, but on the flip-side, NCRR hasn't made any visible progress to market the land.

Though its a key-site, the value of it increases at least 50% if the CTC is relocated.  The CTC would be the obvious site to redevelop first, with its Trade St frontage, and Epicentre adjacency.

Link to comment
Share on other sites
  • 2 weeks later...
ah59396 Town

ah59396

Posted
Posted

Wow. I'll never understand why anyone would want to pay $435k to live in >700q ft on Brevard St. I hope they can find buyers!

agreed.  I don't see it. Charlotte just doesn't offer the amenities in uptown to warrant these kind of prices.  I'm highly skeptical this project will ever get off the ground.

Link to comment
Share on other sites
CLTProductions City

CLTProductions

Posted
Posted

I wish them the best of luck, but I agree with everyone. I see it HIGHLY unlikely they get these asking prices. This location just doesn't warrant it. The Littlejohn Group will say "look at the area long term" and while they may be right, that's not what people spending over $500k want to hear now.

Link to comment
Share on other sites
HopHead City

HopHead

Posted
Posted

I agree with what others are saying as well... The price per SF is just too high. And it's not even the most ideal spot in uptown either. I would love to see it get off the ground, but don't it happening unless those prices come down. I think the developers are a little too bullish here, even with the lack of new residential condos going up. Anyone catch wind of how pre-sales may be going?

Link to comment
Share on other sites
Ryan20 Unincorporated Area

Ryan20

Posted
Posted

I'm glad I'm not the only one that thinks this place is out of their mind. 

I was hoping 1Brevard would be Charlotte’s first modern/tech building. An internet connected condo that would come with Nest thermostats, smart phone controlled LED lights and LEED energy efficient everything. Instead, 1 Brevard is touting things like quartz countertops (humblebrag but I had those in a budget friendly apartment 7 years ago) and blocking the view of Fahrenheit and Skye Condos. I’m not sure if they noticed, but there is an empty parking lot across the street from 1Brevard. Their view could just as easily be blocked with a new development.  The biggest underachievement of the building has to be the pool. Did the architect not notice that the pool is covered by the level above and will block a majority of the sun? A pool and sun go hand in hand. I don’t need nor want to cool off in the water from being in the shade for too long.

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

Go to topic listing

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...

Important Information

By using this site you agree to our Terms of Use and Privacy Policy. We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.