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Circle South, 30 story/443'/535,000 sq. ft. office tower; 19 story/239'/261 residential tower; 2.6 acres at Lafayette and 8th Ave. SouthBy markhollin
More details and at least one rendering will hopefully be coming later today.
This screen shot from Smeagolfree's excellent development map shows the site highlighted in teal at the center of the frame:
Lincoln Financial is proposing a significant project the 1 acre site at 4012 Hillsboro Pike:
- Appears to be 15 stories (maximum allowed in zoning for that area)
- 300 residential units, 50 hotel rooms, 36,000 sq. ft. office space, restaurant space
- Gresham Group and Catalyst Design are involved in design
- There are 4 small retailers on the site at this time that will be moving.
- This is immediately to the south of the 19 story Vertis Green Hills.
- No renderings as of yet.
More behind the NBJ paywall here:
And behind the Nashville Post paywall here:
Parke West, 3415 Murphy, 15 story residential (210 units), 9 story dual brand hotel, 19,000 sq. ft. of retail, underground garageBy markhollin
Brentwood-based GBT Realty wants to build a two tower (one that could go as high as 20 stories tall) complex near the intersection of West End Ave., Murphy Road, and I-440. To be called 3415 Murphy, it will include 250,000 sq. ft. of Class A office space, 175 hotel rooms, 30,000 sq. ft. of restaurant/retail, and a parking garage on the 1.5 acre site at 3415-3419 Murphy Rd. The retail/restaurant space would front Murphy Rd., and the hotel/office towers would be toward the back of the lot, along I-440.
No renderings as of yet, other than the schematic layout below. Project cost and financing are not clear yet. Proposed completion date is 2022. Metro Planning Commission is scheduled to review the plan Aug. 9. The commission's votes are non-binding on Metro Council, where 3 majority votes must occur in order for a requested zoning change to become law.
More behind the NBJ paywall here:
BB&T office tower in uptown Charlotte sold for $115 million to a New York firm
BY DANIELLE CHEMTOB
JANUARY 20, 2021 02:15 PM, UPDATED 41 MINUTES AGO
The BB&T Center in uptown Charlotte sold for $115 million to a New York company, Mecklenburg County property records show.
The sale included the 22-story office tower and the parking garage next door, according to a Tuesday release from JLL Capital Markets, which brokered the sale.
The center, which was built in 1977, was sold to an entity called BB&T Properties LLC, based in New York. JLL’s release declined to name the buyer.
Read more here: https://www.charlotteobserver.com/news/business/biz-columns-blogs/development/article248637945.html?ac_cid=DM368298&ac_bid=-799966545#storylink=cpy ~~~~~~~~~~~~~~~~~~~~ If this ain't a canary in a coal mine, I don't know what is. This building sold for $117 million in 2007, $149 million in 2017, and now $115 million. Nobody seems to be willing to accept the fact that "Uptown" Charlotte is overbuilt, especially in the office and hotel sectors. The Class B buildings (including the subject property, and several other towers built in the '60s/'70s) are going to take it on the chin as their tenants are given deep rental discounts and lease concessions by the landlords of the new buildings.
A 10 & 11 story, 351 unit apartment development is planned by Dinerstein Companies on the former RJ Young site at 805-809 Division St. in The Gulch. No word yet on the construction timetable, nor renderings made available. Reports are that it will be a contemporary design. Hoar Construction is reportedly the contractor.
More behind the Nashville Post paywall here:
This screen shot from Smeagolsfree's excellent development map shows the site listed as 805 Division and highlighted in teal at the center of the frame: