The RailYard SouthEnd

[KJHburg]

these Railyard Centro apartments and retail spaces look great!   whilst I was on the phone outside one of the storefronts the door blew open and I peaked in.  The retail spaces are small but affordable.  the yellow railings are beautiful.  Today KJ on the streets.   Last photo inside Railyard elevator. 

[DMann]

I just missed you by about an hour!

[KJHburg]

these apartments wrapping the garage are just great kudos to David Furman and his design. 

and I have always admired this contemporary house on S Tryon what a great address to have on edge of Wilmore.

 

[SydneyCarton]

Most people might disagree with me, but I think that SouthEnd has become the heart of Charlotte, moreso than Uptown.  Uptown's skyscrapers are beautiful, but I find SouthEnd to be way more vibrant.  With the new office towers, I think that this great street life will intensify.

[DMann]

Actually, if you look at the Southend as the tail of the "Q" which is defined by I 277.

[KJHburg]

1 hour ago, SydneyCarton said:

Most people might disagree with me, but I think that SouthEnd has become the heart of Charlotte, moreso than Uptown.  Uptown's skyscrapers are beautiful, but I find SouthEnd to be way more vibrant.  With the new office towers, I think that this great street life will intensify.

almost like how Midtown Atlanta is the new downtown ATL.    I think the mix of taller buildings and 1-2 story with residential all mixed in makes it very attractive.   Uptown will be the centerpiece due to the large employers there but Southend will continue to grow and I think it is the people scale of everything. 

[SydneyCarton]

I agree.

[KJHburg]

Some of the small shops are opening at the Centro Railyard.  I counted 8 spaces for lease as of now and more tenants moving in and few open.  There will be more apparel retailers in this building than all of uptown.    The small more affordable retail spaces are going to be key in the future and should be tried uptown as well.  

[atlrvr]

This project x100 please.

Also, office portion of the project is listed for sale, with pricing expected at $575/sf 

 

[KJHburg]

Parcel across the street from the RailYard is for sale including the spot where the ABC store is and this would make a great site for a high rise office tower for sure.

First reported in the Charlotte Ledger this morning

https://research.catylist.com/api/images/data/og/media/user_uploads/5f6bb99036ba0c0001b16d7e_flyer.pdf

[SydneyCarton]

58 minutes ago, KJHburg said:

Parcel across the street from the RailYard is for sale including the spot where the ABC store is and this would make a great site for a high rise office tower for sure.

First reported in the Charlotte Ledger this morning

https://research.catylist.com/api/images/data/og/media/user_uploads/5f6bb99036ba0c0001b16d7e_flyer.pdf

That's fantastic news.    I'm pleased that it does not include the one-story brick buildings adjacent to the ABC store, and I hope that the eventual  developer does not acquire them.  Those little brick buildings have a lot of character.

Edited September 28, 2020 by SydneyCarton

[kermit]

Impressed with the amount of activity today at the micro retail around back. Looks like it is about half leased. Lots of Southend activity this afternoon, including more shopping than I expected to see:

 

[atlrvr]

[KJHburg]

Holy moly the Railyard has sold for over $600 a sq ft a record for an office building in Charlotte.   Photo I took last weekend.  Cousins bought it. 

Cousins Properties acquires RailYard mixed-use project in South End - Charlotte Business Journal (bizjournals.com)

Cousins to build 700,000 sq ft development on site across the street recently purchased!  and some photos of the lots and buildings bought from last weekend.  Southend Station. 

Cousins wasted no time getting this on their website either LOL

The Railyard South End | Cousins Properties

Edited December 3, 2020 by KJHburg

[Guest]

700,000?! That would be top 10 buildings in size for Charlotte and even if they mean filling both Bland St. sites that would have to be  over 20 stories for each building ! I won’t speculate but if they go for any discernible “tower” look then it would have to at least beat the record for tallest in South End at 30-35 stories! South end is getting some height!

[KJHburg]

Oh Southend will be getting more height for sure I have seen a 28 story proposed in Southend.   This  new Bland St South Tryon site has a South Tryon address too which could be attractive to a banking tenant lets say that might be pushed out of the Truist tower.   Cousins might say "Watch US bank"  of course pure speculation on my part.  

Edited December 3, 2020 by KJHburg

[Blue_Devil]

10 hours ago, KJHburg said:

Oh Southend will be getting more height for sure I have seen a 28 story proposed in Southend.   This  new Bland St South Tryon site has a South Tryon address too which could be attractive to a banking tenant lets say that might be pushed out of the Truist tower.   Cousins might say "Watch US bank"  of course pure speculation on my part.  

I think all the banks are going to want their employees on site once a Covid Vaccine is widely distributed. At the same time there is definitely going to be a push for larger working spaces, and most of the big banks are out of space in their towers. Moody's is going to need a space with over 200 employees working in the region now. I could see the Banks expand into Southend. There are a few office buildings going up on Spec in Southend right now, which leads me to believe the developers are getting enough positive feedback to start building, especially from local partners. 

[RANYC]

10 hours ago, Blue_Devil said:

I think all the banks are going to want their employees on site once a Covid Vaccine is widely distributed. At the same time there is definitely going to be a push for larger working spaces, and most of the big banks are out of space in their towers. Moody's is going to need a space with over 200 employees working in the region now. I could see the Banks expand into Southend. There are a few office buildings going up on Spec in Southend right now, which leads me to believe the developers are getting enough positive feedback to start building, especially from local partners. 

Ambivalent.  Uptown needs more action.

[JHart]

On 12/3/2020 at 7:53 AM, Blue_Devil said:

I think all the banks are going to want their employees on site once a Covid Vaccine is widely distributed. At the same time there is definitely going to be a push for larger working spaces, and most of the big banks are out of space in their towers. Moody's is going to need a space with over 200 employees working in the region now. I could see the Banks expand into Southend. There are a few office buildings going up on Spec in Southend right now, which leads me to believe the developers are getting enough positive feedback to start building, especially from local partners. 

There will be some that return sooner, but outside of traders and certain personnel that needs to be onsite (and has already been working from the office) I've heard the opposite. Certain very large banks have already pushed plans out into Q3/4 for large returns of employees at the earliest.. 

[atlrvr]

File this under baseless speculation, but I suspect Cousin's tenant for the new project will be Allstate, for a massive expansion on top of what they previously announced.

[Blue_Devil]

5 hours ago, JHart said:

There will be some that return sooner, but outside of traders and certain personnel that needs to be onsite (and has already been working from the office) I've heard the opposite. Certain very large banks have already pushed plans out into Q3/4 for large returns of employees at the earliest.. 

I mean, the big bank I work for has been talking baout moving employees back as soon as they can safely, and all employees...  I am hearing that from a fairly high level. 

[j-man]

Can someone tell me what portion of the parcel sold across from the Rial Yard. 

[kermit]

1 hour ago, j-man said:

Can someone tell me what portion of the parcel sold across from the Rial Yard. 

I believe it was all of the Hot Taco / Bottle Cap parcel: https://polaris3g.mecklenburgcountync.gov/#mat=448873&pid=12304127&gisid=12304127

[atlrvr]

Plus the surface lot across Bland.

[Norm2]

if a tower is built here, I would imagine fees would need to be paid to the city for additional height?