110 East: 23 story Tower by Stiles/Shorenstein

[gman430]

Finally.

[KJHburg]

I have heard rumors they have an anchor tenant for it but they stated the would start without one.  

[RANYC]

1 hour ago, KJHburg said:

I have heard rumors they have an anchor tenant for it but they stated the would start without one.  

That's interesting news.  I will direct everyone to the Centre South project.  They put up renderings and erected what appears to be an "announcement" tent many months ago, but then nothing.  Wasn't sure if this wasn't the same situation.  Put up a tent, make everyone think an announcement is imminent, but really it's just a signal to prospects that your office project is not just a patch of dirt, but rather it's "shovel-ready."

[Blue_Devil]

1 hour ago, RANYC said:

That's interesting news.  I will direct everyone to the Centre South project.  They put up renderings and erected what appears to be an "announcement" tent many months ago, but then nothing.  Wasn't sure if this wasn't the same situation.  Put up a tent, make everyone think an announcement is imminent, but really it's just a signal to prospects that your office project is not just a patch of dirt, but rather it's "shovel-ready."

I think that is scheduled for GB in June or July?

[KJHburg]

Shorenstein the money behind the Stiles project is BIG money and very DEEP pockets.   

Properties - Shorenstein

[Hushpuppy321]

From the rumblings they have been putting out I would suspect that Both the Stiles (110 East) and Centre South Projects (S. Blvd) will both be turning dirt by the end of this year.  South End is a very attractive market and a Safer Bet than any Spec Office starts Uptown at the moment. 

[RANYC]

44 minutes ago, Hushpuppy321 said:

From the rumblings they have been putting out I would suspect that Both the Stiles (110 East) and Centre South Projects (S. Blvd) will both be turning dirt by the end of this year.  South End is a very attractive market and a Safer Bet than any Spec Office starts Uptown at the moment. 

Why do you say that?  I'm aware of the Grant Thornton and Arrival deals, but then Uptown just announced an upcoming Robinhood absorption.  Uptown has much older office product, but if something new were to come along, I still believe Uptown holds its own versus South End.  I suppose one has to postulate that the banks are going to have everyone return to the office (even though there may be more flexibility than in the past), and with the outlook improving for banking and financial services, I think indicators are decent for Uptown corporate growth which should translate into more office demand.  Projects like Ally Place and 101 Independence show me that if Uptown construction also invests in place-making, they can be very competitively positioned versus South End.  I guess we'll see how it all shakes out.

Edited April 15, 2021 by RANYC

[atlrvr]

10Tryon is close to 200k sq ft of office proposed for Uptown, that should break ground this year.

As much as people on here cringe at this suggestion, one of South Ends main appeals is higher parking ratios, especially considering COVID has dampened enthusiasm for mass transit.

 

[RANYC]

47 minutes ago, atlrvr said:

10Tryon is close to 200k sq ft of office proposed for Uptown, that should break ground this year.

As much as people on here cringe at this suggestion, one of South Ends main appeals is higher parking ratios, especially considering COVID has dampened enthusiasm for mass transit.

 

I'll have to take your word for it as I've never seen the data on this.  I work in uptown and always find ample parking, although pre-COVID, I walked or cycled to work when the weather was nice and really only drove on days when the weather was or was expected to be inclement.  When I wish to park in Uptown, however, I do pay.  Will one pay for parking at the new South End projects?

Edited April 15, 2021 by RANYC

[Blue_Devil]

19 minutes ago, RANYC said:

I'll have to take your word for it as I've never seen the data on this.  I work in uptown and always find ample parking, although pre-COVID, I walked or cycled to work when the weather was nice and really only drove on days when the weather was or was expected to be inclement.  When I wish to park in Uptown, however, I do pay.  Will one pay for parking at the new South End projects?

It was a 3 year wait list to get parking in my building Uptown... I could have paid 20 dollars a day to get close, outdoor, parking though. I took Blue line instead. 

1 hour ago, RANYC said:

Why do you say that?  I'm aware of the Grant Thornton and Arrival deals, but then Uptown just announced an upcoming Robinhood absorption.  Uptown has much older office product, but if something new were to come along, I still believe Uptown holds its own versus South End.  I suppose one has to postulate that the banks are going to have everyone return to the office (even though there may be more flexibility than in the past), and with the outlook improving for banking and financial services, I think indicators are decent for Uptown corporate growth which should translate into more office demand.  Projects like Ally Place and 101 Independence show me that if Uptown construction also invests in place-making, they can be very competitively positioned versus South End.  I guess we'll see how it all shakes out.

I think its specific to Spec. Uptown holds a lot of value for bigger companies who want lots of space. The Spec projects in SouthEnd hold a lot of value for smaller to midsize companies who need two - three floors or less. 

That said, I feel almost all current Spec builds have already been absorbed in Uptown and SouthEnd. 

Edited April 15, 2021 by Blue_Devil

[RANYC]

1 minute ago, Blue_Devil said:

It was a 3 year wait list to get parking in my building Uptown... I could have paid 20 dollars a day to get close, outdoor, parking though. I took Blue line instead. 

I took Blue Line when I first moved to town and lived in South End, but I had to take the very early trains (6:30am to 7am) or wait until late morning.  Otherwise, trains were too packed for my comfort (felt like I was back on the 4 train on the Eastside of Manhattan...I hated that then, and there's nothing appealing about it now).  Now I'm in Wesley Heights, and should I have to return to the office in Uptown, I'll likely cycle in more regularly or take the Gold Line.

[Blue_Devil]

Just now, RANYC said:

I took Blue Line when I first moved to town and lived in South End, but I had to take the very early trains (6:30am to 7am) or wait until late morning.  Otherwise, trains were too packed for my comfort (felt like I was back on the 4 train on the Eastside of Manhattan...I hated that then, and there's nothing appealing about it now).  Now I'm in Wesley Heights, and should I have to return to the office in Uptown, I'll likely cycle in more regularly or take the Gold Line.

To answer another question you posed, the Parking is allocated in the rent for a lot of these new projects (not all). So if a Tenant takes three floors they get an allocated number of spots. The companies use that as a "Perk" Free parking. 

[atlrvr]

32 minutes ago, RANYC said:

I'll have to take your word for it as I've never seen the data on this.  

No the easiest data to extract, but here are all the buildings > 100k sq ft completed in Uptown and South End since 2010. (South End is the first group through 1515   S Tryon.  and Uptown is everything 615 S College and below)

Rough avgs is South End about 3 spaces per 1000 sq ft and Uptown 1.5/1000.

 

 

 

[JacksonH]

On 4/13/2021 at 6:17 AM, jordan704 said:

Driving by this morning it looks like they are setting up some sort of stage and tent on the property. Possibly an announcement? 

So what happened here?  Ground-breaking announcement or false alarm?  

This is one hole that needs to be filled in South End.  I personally don't care whether it's a tower or not, just fill the hole with something interesting that includes food, entertainment or retail.

[j-man]

Saw these on Instagram. Don’t know if they’re up here yet. 

[atlrvr]

Looks like Stiles applied for the Foot/Foundation building permits for this yesterday, so it does appear to be on schedule to break ground within the next couple of months.

[KJHburg]

what is the height of this tower in feet is it a few feet shorter than the Lowes tower? 

[QCxpat]

22 minutes ago, KJHburg said:

what is the height of this tower in feet is it a few feet shorter than the Lowes tower? 

110 East is 308 ft. / 93.8 m. and 23 stories tall.   

The Design Center Tower (Lowe's Tech Hub) is 345 ft. / 105.5 m. and 23 stories tall. 

By comparison, the Arlington (the rose-colored apartment tower in South End) is 310 ft. tall / 94.5 m and 24 stories tall.

Link:   https://en.wikipedia.org/wiki/List_of_tallest_buildings_in_Charlotte  (see Tallest Pending Construction section)

Edited May 19, 2021 by QCxpat

[KJHburg]

saw these new renderings on Loopnet marketing in earnest now it seems.  Puts the new tower in perspecetive with the Lowes tower etc.  This is supposed to start soon.  With the spacing of these buildings out the Portman, 2nd Vantage Southend and this one down the road as well as Stream tower.  All should be complete at different times. 

 

[tozmervo]

I really didn't think I'd see a day so soon when east west station was surrounded by massive parking decks

[Mgelbach]

Probably a dumb question, but does anyone know who the architect for this is?

[KJHburg]

19 minutes ago, Mgelbach said:

Probably a dumb question, but does anyone know who the architect for this is?

Hastings Architecture out of Nashville 

[Mgelbach]

30 minutes ago, KJHburg said:

Hastings Architecture out of Nashville 

Thank you so much KJ! I've got some new architects to bother once this starts rising!

[49er]

So they gave up on screening the one corner of the deck facing S. Blvd? I feel like the towers are great but at the same time they will continue to encourage the removal of the smaller scale brick structures that give South End some of its charm. 

[JacksonH]

13 hours ago, KJHburg said:

 

So the cool building with Tupelo Honey, and the building next to it with the Manchester, remain.  So why did Tupelo Honey move out?