Queensbridge Collective - 1 tower, maybe 2

[Norm2]

Just now, Reverie39 said:

Are we expecting one of these buildings to be a true skyscraper (500'+) and the others to be regular high-rises? Or is there the potential for multiple skyscrapers here?

One of the three towers is over 600 feet 

[Blue_Devil]

21 minutes ago, norm21499 said:

One of the three towers is over 600 feet 

Yah, the 2 residential will be tall, both over 300' but they will not approach the 500' mark. The office tower will "tower" over them... However 3 towers are going to make this space feel very dense. 

[RANYC]

Very impressive.  I mean, once this breaks ground, might this be the most iconic, center city mixed-use dev in the Southeast?  Also, for me, this project cements this part of South-End as also in Charlotte's CBD.

[Reverie39]

46 minutes ago, Blue_Devil said:

Yah, the 2 residential will be tall, both over 300' but they will not approach the 500' mark. The office tower will "tower" over them... However 3 towers are going to make this space feel very dense. 

That's still awesome. From what I know most/all of the South End high-rises so far have been around or below the 300' mark so they will still be very impressive in context.

[Blue_Devil]

The rumor is saying maybe a Hotel right? I wound think its going to be something high end. Maybe a Four Seasons? The only reason it might not be that high-end is a lot of these Marque brands like to put residence in their towers, and this will not have Condos. 

[Madison Parkitect]

3 minutes ago, Blue_Devil said:

The rumor is saying maybe a Hotel right? I wound think its going to be something high end. Maybe a Four Seasons? The only reason it might not be that high-end is a lot of these Marque brands like to put residence in their towers, and this will not have Condos. 

I think the rumors of a hotel might be for another site nearby.

[Blue_Devil]

2 minutes ago, Madison Parkitect said:

I think the rumors of a hotel might be for another site nearby.

No, this one has a hotel rumor too. Read Mid-South's intro. 

[JRCLT]

Might just be a hotel and residential stack.

[deleted account]

1 hour ago, RANYC said:

Very impressive.  I mean, once this breaks ground, might this be the most iconic, center city mixed-use dev in the Southeast?  Also, for me, this project cements this part of South-End as also in Charlotte's CBD.

Outside of Miami maybe...

[Mid South NC]

Just passed the site again, and while they surely don't need me to let them know this, but this is an excellent  location for this project. 

[TheOneRJ]

The ground floor retail certainly looks like a prime location for the long rumored South End Apple Store. 

[TheRealClayton]

2 hours ago, Mid South NC said:

Anyone in the know care to share when the complete view renderings will be released? 

Mid March

[CharlotteWkndBuzz]

Just waiting for some news on the Charlotte Cigar lot and the transition from uptown to south end will officially be seamless. This project looks great. Luckily the Tryon bridge over 277 is our nicest one for pedestrians too with light, large sidewalks and bike lanes.  Renderings shows bike lanes along the project which aren’t currently there either which is awesome. Couple this with the enterprise lot project and we might just have ourselves a new trade and Tryon folks lol jk. 277 should not be a mental barrier for more ppl walking back n forth from ally center to this project. It’s literally like walking the length of LU’s parking deck lol.  Although the million dollar townhomes views may be blocked from uptown views, owners will have plenty of stuff to walk to and do around there vs basically the sea of parking lots currently. I imagine the parking deck next to the Carson light rail days are dwindling down very fast too. Carson light rail station is about to become a very very popular stop once all these projects come to fruition. 

Edited February 8, 2022 by CharlotteWkndBuzz

[KJHburg]

this is good news about this project from the Biz Journal article

""The Riverside development team is having leasing presentations almost every week, Scacco said. Activity ramped up after Riverside closed on the land acquisition.  “I feel very confident in the prospect of securing a prelease before construction starts,” Scacco said.  Joe Franco, senior vice president at CBRE, said both potential tenants and the brokerage community are excited about this unique development between uptown and South End. Franco, along with CBRE's Kris Westmoreland and Stephanie Spivey, will oversee office leasing for the project.""

https://www.bizjournals.com/charlotte/news/2022/02/08/riverside-reveals-new-renderings-for-uptown-site.html

[Blue_Devil]

Just now, KJHburg said:

this is good news about this project from the Biz Journal article

""The Riverside development team is having leasing presentations almost every week, Scacco said. Activity ramped up after Riverside closed on the land acquisition.  “I feel very confident in the prospect of securing a prelease before construction starts,” Scacco said.  Joe Franco, senior vice president at CBRE, said both potential tenants and the brokerage community are excited about this unique development between uptown and South End. Franco, along with CBRE's Kris Westmoreland and Stephanie Spivey, will oversee office leasing for the project.""

https://www.bizjournals.com/charlotte/news/2022/02/08/riverside-reveals-new-renderings-for-uptown-site.html

So no tenant yet. This begs the question though, does the Riverside team heave a bidding war for the space if there are multiple large entities trying to get the project? 

[KJHburg]

4 minutes ago, Blue_Devil said:

So no tenant yet. This begs the question though, does the Riverside team heave a bidding war for the space if there are multiple large entities trying to get the project? 

doubt that will happen.  I think a building of this size could handle 1-2 large tenants maybe more.  My random thoughts either an out of town tenant or a big bank in America. 

[RANYC]

I interpret Scacco's comments as indicating that Riverside is perfectly content to sit on this land and its plans for it as an investment holding in their portfolio until they've secured a tenant.  If that doesn't happen in 2022, and perhaps in 2024, then we will see groundbreaking in 2024.  I'm not so sure they start construction on something of this scale with no tenant commitment.  Anyone know otherwise?

Edited February 8, 2022 by RANYC

[Blue_Devil]

1 minute ago, RANYC said:

I interpret Scacco's comments as indicating that Riverside is perfectly content to sit on this land and its plans for it as an investment holding in their portfolio until they've secured a tenant.  If that doesn't happen in 2022, and perhaps in 2024, then we will see groundbreaking in 2024.  I'm not so sure they start construction on something of this scale with no tenant commitment.  Anyone know otherwise?

I took it to mean the will start construction no matter what, and believe the will have a tenant before ground breaking. Its how they worded it. 

[RANYC]

11 minutes ago, Blue_Devil said:

I took it to mean the will start construction no matter what, and believe the will have a tenant before ground breaking. Its how they worded it. 

He feels confident they will secure a pre-lease tenant before construction starts.  Don't quite see that as "we will start construction purely speculatively." 

The model assumption for this project is that Riverside's foray into Charlotte won't require purely speculative construction...the management team's confidence is placed in the idea that construction will start with the security of a tenant commitment in hand.  The plan is that this "security" will allow for Q4 ground-breaking, but again, I've seen plenty developers adjust this.

I'm not in his head, but my cautious optimism is how I interpret his comments.

Regardless of the exact timing on the office bldg, my hope is that the apartments can get underway regardless of how fast or slow things proceed with finding an anchor for 800K sq ft of brand new space.  

Edited February 8, 2022 by RANYC

[turbocraig]

Here's a rendering from the Biz that I hadn't seen posted here, looking east down Morehead.  You can see a bit more of the side of the office tower and the angle that rises up the side and defines the inset of the balcony levels.

Edited February 8, 2022 by turbocraig

[Matthew.Brendan]

6 hours ago, carolinaboy said:

The V columns (don't know what else to call them) at the bottom are reminiscent of a tower that was under construction in Chicago fairly recently.

(110 N. Wacker/Bank of America)

 

Yep…. Shades of 150 Riverside as well. Top tier design at play here. 
 

 

[RANYC]

These are stunning renderings all around.  Anyone know the brokerage take on this project?  Surely these are offices for the executive suite and deal-makers of a massive company's HQ.  Is this the type of space you put your legal, compliance, and risk management guys in?  This project must be for either BofA or for a new HQ that the state is working to land, no?

[Blue_Devil]

Just now, RANYC said:

These are stunning renderings all around.  Anyone know the brokerage take on this project?  Surely these are offices for the executive suite and deal-makers of a massive company's HQ.  Is this the type of space you put your legal, compliance, and risk management guys in?  This project must be for either BofA or for a new HQ that the state is working to land, no?

I would traditionally say no, but as companies are pushing for RTO, and as Legal, Compliance, Risk, and Audit are becoming immensely competitive for the big banks here in Charlotte (IE Citi and Truist poaching Wells and BOA Compliance professionals left and right here, as those two banks have just recently built out massive Frontline and IRM programs), who knows. 

[JorgiPorgi]

20 minutes ago, Matthew.Brendan said:

 

Yep…. Shades of 150 Riverside as well. Top tier design at play here. 
 

 

The residential building on the right appears to be at least 36 floors, from this rendering. That would make it taller than Avenue I believe and be at least 400 feet tall..I’m guessing. 

[HopHead]

I have no insider knowledge, but this development just reeks off some large HQ relocation (or existing). 600' plus tall office tower with a hotel next to it for its employees/customers just seems like another type of development that was similar to BofA (Office and Ritz Carlton) and Ally (Office and JW Marriott).