CTC Redevelopment - Crescent, BPR & Whitepoint Proposals for Transit Center Redo + More

[KJHburg]

One more thing from that article Crescent withdrew their proposal no word why. 

[King of the Queen City]

BPR Properties:

White Point & DART:

Option 1 

Option 2 

I like White Point & DART’s Option 2 the best. I would honestly like to see buses disappear from there (at least for the most part). I think the blue line, silver line, and streetcars on Trade and Stonewall should be the primary mode of transit Uptown. Everywhere in Uptown would be within a reasonable walking distance of a light rail or streetcar station.  Have the majority of the buses go to Gateway Station or somewhere outside of the 277 loop.  I do support affordable housing, but I don’t know if this is the best place for it or if BPR’s proposal would be enough to make much impact on the problem.

[nicholas]

For such a prime lot, I'm surprised the proposals are so conservative in height.  Obviously increasing the density and overall pedestrian activity of the block is what really matters, but it's going to be a while before these lots are worth enough to warrant knocking down 20 story buildings for 40+ story ones.

1 hour ago, SydneyCarton said:

I never heard of that acronym either.

It's old, no one really uses it anymore.  To quote my mom, "by the time I finally figure out what it means, nobody says it anymore,"

[KJHburg]

the key to both of these proposals is 1. Financing 2. anchor tenants for retail but more importantly the office space.  

Truist is still looking for space I would imagine for their tech center uptown and probably in Southend or perhaps in the suburbs too. 

[King of the Queen City]

This is where I would like to see the tallest tower...

Thanks to @NCMike1990 for sharing the new ClearSky images. Imagine the density when the remaining surface lots are gone!

[Missmylab4]

Maybe I’m too pessimistic, but I don’t think much happens in terms of development here until the next cycle.  Would love to be proved wrong. 

[Guest]

Maybe I’m too pessimistic, but I don’t think much happens in terms of development here until the next cycle.  Would love to be proved wrong. 

I tend to agree.


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[Dale]

What is this “next cycle” stuff ? Is it even a thing ? Seems like this cycle has been going forever.

[Guest]

What is this “next cycle” stuff ? Is it even a thing ? Seems like this cycle has been going forever.

And it’s winding down.


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[Dale]

11 minutes ago, ricky_davis_fan_21 said:

And it’s winding down.


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Mmm, maybe. Maybe.

[Desert Power]

1 hour ago, ricky_davis_fan_21 said:

And it’s winding down.


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I just hope we don't have to sit through the rest of the LU sites completely fenced off before the new cycle starts back off.  Just feels weird at the street level. 

[Guest]

I just hope we don't have to sit through the rest of the LU sites completely fenced off before the new cycle starts back off.  Just feels weird at the street level. 

Maybe one more tower up their sleeve


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[Norm2]

2 hours ago, Dale said:

What is this “next cycle” stuff ? Is it even a thing ? Seems like this cycle has been going forever.

People were saying this before the Great Recession hit. Nothing lasts forever, and this current cycle of development will end. After a few years the next cycle will begin. It's just the circle of life.....or the economy lol

[Guest]

People were saying this before the Great Recession hit. Nothing lasts forever, and this current cycle of development will end. After a few years the next cycle will begin. It's just the circle of life.....or the economy lol

Yea but in his defense we predicted this a few times since. The difference is this time,@A2. Has come out of the woodwork to warn us, just like he did last time. He’s a guru about the bond market and the economy. I trust him more than any newspaper


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[swh1972]

'Next Cycle' is the Motto of Levine Properties.

 

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[Madison Parkitect]

14 hours ago, King of the Queen City said:

This is where I would like to see the tallest tower...

 

Anything to hide that Hyatt Place building. I drove by it last night and was reminded how awful it is. It might be the ugliest building in uptown!

[Nick2]

8 hours ago, ricky_davis_fan_21 said:

Yea but in his defense we predicted this a few times since. The difference is this time,@A2. Has come out of the woodwork to warn us, just like he did last time. He’s a guru about the bond market and the economy. I trust him more than any newspaper


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Yeah the yield curve going inverted is ringing the loudest alarm bells we've had since '07. It's looking pretty scary for the market right now. Hopefully things adjust (luckily it's no longer inverted as of today).

[nakers2]

1 hour ago, Nick2 said:

Yeah the yield curve going inverted is ringing the loudest alarm bells we've had since '07. It's looking pretty scary for the market right now. Hopefully things adjust (luckily it's no longer inverted as of today).

Recessions are a construct, if corporations would pay their employees better wages, and allow them, not just shareholders to grow with the corporation's success, then we wouldn't have a situation where people's spending catches up with them. Recessions happen because people don't want to sit still and not advance, if we fuel that advancement (within' reason) then a major crash wouldn't happen.

[TheOneRJ]

Luckily Charlotte isn’t as banking heavy as it was a decade ago. 

[Hushpuppy321]

With the current amount of Development going on in Center City (Uptown/Southend) I believe even if we did see a mild to moderate recession nationwide, Charlotte would still have project going vertical/being built throughout it becuase of how much is already under construction.   Now a severe recession or another financial crisis could have projects halted...

[CarolinaDaydreamin]

4 hours ago, nakers2 said:

Recessions are a construct, if corporations would pay their employees better wages, and allow them, not just shareholders to grow with the corporation's success, then we wouldn't have a situation where people's spending catches up with them. Recessions happen because people don't want to sit still and not advance, if we fuel that advancement (within' reason) then a major crash wouldn't happen.

There is an interesting theory about that. Australia has NEVER had a major recession. 

I think the government aspects of this deal will take half a decade to get worked out IMHO, so not sure that even if there weren't a recession any time soon. A recession may kick up land holdings like Levine and brooklyn village into new hands, who knows. 

Edited August 22, 2019 by CarolinaDaydreamin

[Desert Power]

13 hours ago, CarolinaDaydreamin said:

There is an interesting theory about that. Australia has NEVER had a major recession. 

MMT?

[tozmervo]

4 minutes ago, Desert Power said:

MMT?

now I'm the one going to ask: what  is that an acronym for?

[atlrvr]

Modern Monetary Theory.....print free money to solve all problems

[CarolinaDaydreamin]

59 minutes ago, atlrvr said:

Modern Monetary Theory.....print free money to solve all problems

Australia's theory was the opposite. It was very vanilla and stable financing rules. There was no sub prime mortgages for example. Much more accepting of immigrants and increased trade with Asian growth countries like Vietnam and Thailand.

 

Totally off topic I know, but a cool article.

https://www.theatlantic.com/ideas/archive/2018/12/what-australia-knows-about-recessions/578482/