Jump to content

The Ellis – 33 Floor Apartment Tower – Lennar does what Levine couldn't.

Guest

By Guest
in Charlotte

 Share

Recommended Posts


  • Replies 1.4k
  • Created
  • Last Reply

Top Posters In This Topic

Popular Days

Top Posters In This Topic

Popular Days

Popular Posts

bgrindle9436
bgrindle9436

The view from my 27th floor at Avenue.   I take one image every Thursday, to follow the progression.

CLT Development
CLT Development

I have it on good authority that all three hotels that are currently stalled in construction phase will restart by fall/winter. This includes Intercontinental, Homewood Suites and a new flag at Stonew

Miesian Corners
Miesian Corners

Not sure if these have been posted (I looked through about 15 pages and never saw them). Anyway, I thought these were pretty spiffy renderings.

Posted Images

  • Popular Post
Kosa Crossroads

Kosa

Posted
  • Popular Post
Posted
On 10/29/2020 at 10:04 AM, Blue_Devil said:

He sold this property right, if it turns out well, do you think he will sell more the Lennar? 

My conspiracy theory is that Levine is holding out to see how well the Ellis does with leasing before putting any more of their own $$$ down. Why not test the market out with another firm while making some quick cash and seeing the potential for the rest of the land you own? 

  • Like 3
  • Thanks 1
  • Haha 1
Link to comment
Share on other sites
TCLT Hamlet

TCLT

Posted
Posted
My conspiracy theory is that Levine is holding out to see how well the Ellis does with leasing before putting any more of their own $$$ down. Why not test the market out with another firm while making some quick cash and seeing the potential for the rest of the land you own? 

This would’ve maybe been believable before he half built an apartment complex and then abandoned it lol. You also have a lot more faith in his ability to build anything than I do.
  • Like 2
  • Thanks 1
Link to comment
Share on other sites
  • Popular Post
dubone Megalopolis

dubone

Posted
  • Popular Post
Posted

It is really at this point his most obvious move to slowly parcel out pieces bit by bit as the market bears them.   I'm glad that at least he did sell to Lennar so we now have a tower and a population coming soon.   But clearly from his mess at 11th Street, his company cannot manage even the most basic of projects with a massive showstopping f up, so we can only hope he realizes this and will continue to let go of the land for others to execute on.  

 

  • Like 5
Link to comment
Share on other sites
TCLT Hamlet

TCLT

Posted
Posted
It is really at this point his most obvious move to slowly parcel out pieces bit by bit as the market bears them.   I'm glad that at least he did sell to Lennar so we now have a tower and a population coming soon.   But clearly from his mess at 11th Street, his company cannot manage even the most basic of projects with a massive showstopping f up, so we can only hope he realizes this and will continue to let go of the land for others to execute on.  
 

You’re 100% right but if he didn’t realize that 5 years ago I’m not sure he ever will. The dude wasted the best real estate decade in charlotte’s history and sold a grand total of one parcel. His business acumen is on par with his development competence: prodigiously bad.
  • Like 2
Link to comment
Share on other sites
  • Popular Post
dubone Megalopolis

dubone

Posted
  • Popular Post
Posted

Well, he also sold to UNCC, and he also managed to trick the city and county to swap land for him and offer a sweetheart deal to rebuild streets and a park in the middle of his land.   So instead of having a park on 2 blocks the county owned that was grass and trees, they swapped with him so it would be in the preferred location between UNCC and Imaginon and next to Lynx, then we got the park, luckily, but then the 2 blocks of grass and trees he got for development along the new park and with all that momentum:   surface parking lots.  

 

His worst is now his modern art at 11th and Brevard, a permanent sculpture of his ineptitude.    He failed at building a massive parking deck where a massive parking deck wasn't even needed.  

 

  • Like 7
  • Sad 2
Link to comment
Share on other sites
Yo Diaz! Whistle-Stop

Yo Diaz!

Posted
Posted

I’m not sure what happened with his parking deck and planned apartments.
Does anyone here know what happened? I’d love to know.
Based on actions or In-actions otherwise though, I don’t think he intends to build anything. I think he wants to keep sitting on land and letting the value and price rise so that he can then just cash out on them. Perhaps maybe just save 1 parcel to eventually build on or at least finish his deck and apartments.


Sent from my iPhone using Tapatalk

  • Thanks 1
Link to comment
Share on other sites
Norm2 Burg

Norm2

Posted
Posted
4 hours ago, Yo Diaz! said:

I’m not sure what happened with his parking deck and planned apartments.
Does anyone here know what happened? I’d love to know.
Based on actions or In-actions otherwise though, I don’t think he intends to build anything. I think he wants to keep sitting on land and letting the value and price rise so that he can then just cash out on them. Perhaps maybe just save 1 parcel to eventually build on or at least finish his deck and apartments.


Sent from my iPhone using Tapatalk

If I remember correctly, I don't think the parking garage was built to code, and as such there are structural issues that would make it unsafe to open. The original plan for the apartments wrapping the deck were scrapped as it was announced that the design was being modified. Of course there has been crickets since then. Nothing but empty promises.....

  • Like 4
Link to comment
Share on other sites
dubone Megalopolis

dubone

Posted
Posted

I'm sure there are lawsuits, and presumably that should be the construction company on the hook and not Levine's fault per se, but the fact that he has not been able to resolve it is quite serious and a major negative for the progress in this district.  

 

  • Like 1
  • Thanks 2
Link to comment
Share on other sites
  • Popular Post
KJHburg Ecumenopolis

KJHburg

Posted
  • Popular Post
Posted (edited)

University of NC system contracted for some of those parking spaces and the answer with the Levine closure or not opening of the garage has been a graded gravel surface lot for the UNCC uptown campus.   There were plans for stick built apartments then changed for taller apartments like 7-8 stories neither which came about.  I think the city should condemn fix the garage issues if they can be and build affordable housing around the deck or the rubble thereof it.  if the garage can not repaired flattened and make it a park for the apartments. 

Edited by KJHburg
  • Like 5
Link to comment
Share on other sites
CLT Development Burg

CLT Development

Posted
Posted
3 hours ago, KJHburg said:

University of NC system contracted for some of those parking spaces and the answer with the Levine closure or not opening of the garage has been a graded gravel surface lot for the UNCC uptown campus.   There were plans for stick built apartments then changed for taller apartments like 7-8 stories neither which came about.  I think the city should condemn fix the garage issues if they can be and build affordable housing around the deck or the rubble thereof it.  if the garage can not repaired flattened and make it a park for the apartments. 

it was 12-15 floors, not 7-8. 

Link to comment
Share on other sites
  • Popular Post
Urban Cowboy Hamlet

Urban Cowboy

Posted
  • Popular Post
Posted

Love the height and activation in this area... However, the quality/appearance of the exterior (where finished) is worrisome. I wish they had invested in a better facade material.

On 11/4/2020 at 12:48 PM, QClifer said:

How many units is this again? Will it have 750, 800, 1000 residents when full?  

Facts

  • Density: 175 du/ac
  • Unit Plan Sizes: 531 - 2,669 sq. ft.
  • Number of Units: 549 du (High Rise - 365 du Mid-Rise - 184 du)
  • Site Area: 3.12 ac
  • Retail: 19,654 sq. ft.
  • Number of Stories: 33 high-rise & 7 mid-rise
  • Parking: 866 (1.5 sp./unit)
  • Construction Type: IA, IB, 3A
  • Like 6
Link to comment
Share on other sites
  • Popular Post
KJHburg Ecumenopolis

KJHburg

Posted
  • Popular Post
Posted

walk bys today and I wish LMC Lennar quick lease up success.  I think the retail will come much later until this building reaches certain occupancy and more office workers return.  Looks great only wish they would have done a rooftop pool like the  40 story Market Square tower in downtown Houston. (last photo) 

still like my alma mater's uptown building and wish there was another building to join it. 

IMG_8049.JPG

IMG_8050.JPG

IMG_8051.JPG

IMG_8052.JPG

IMG_8053.JPG

IMG_8054.JPG

IMG_8055.JPG

IMG_8056.JPG

IMG_8138.JPG

IMG_6948.JPG

  • Like 17
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
 Share
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.