Queensbridge Collective - 1 tower, maybe 2

[Hornets]

KH, I'm with you.  A couple of months back, there was an argument about Nashville/ Charlotte skyline.(which is better) Someone who seemed to have knowledge, hinted that it was was a done deal that a certain Bank would be building a 600+ Tower. I'm thinking they were referring to WF!  From what I have read, we haven't seen nothing yet.  Which raises the question Who's building?

[KJHburg]

8 minutes ago, Hornets said:

KH, I'm with you.  A couple of months back, there was an argument about Nashville/ Charlotte skyline.(which is better) Someone who seemed to have knowledge, hinted that it was was a done deal that a certain Bank would be building a 600+ Tower. I'm thinking they were referring to WF!  From what I have read, we haven't seen nothing yet.  Which raises the question Who's building?

when a certain city out west has these issues:  1. some of the highest home prices in the country.   2. open air drug markets on many streets.  3. an app for human feces so you can avoid.  4. walgreens closing stores due to so much theft that police/DA doesnt prosecute   YOU just have to wonder how easy it would be to attract talent to a city like this?       several companies for the picking if you ask me      But could be a bank looking for a signature tower near their upcoming pedestrian rail trail bridge and that would be US Bank.  

Edited November 4, 2021 by KJHburg

[15895]

12 minutes ago, KJHburg said:

when a certain city out west has these issues:  1. some of the highest home prices in the country.   2. open air drug markets on many streets.  3. an app for human feces so you can avoid.  4. walgreens closing stores due to so much theft that police/DA doesnt prosecute   YOU just have to wonder how easy it would be to attract talent to a city like this?       several companies for the picking if you ask me 

San Francisco is a world class, amazing city. One of my favorites in the world. 

Anywho, I’m excited for this new large tower in SouthEnd. SouthEnd is a great neighborhood. I imagine uptown Charlotte/SouthEnd will have Midtown ATL / Downtown ATL 
 

 

Edited November 4, 2021 by AirNostrumMAD

[CarolinaDaydreamin]

I'd guess Visa. 

[KJHburg]

Just not sure if it is a new to market tenant though I heard several names floating around from east coast NE  to west coast but still could be someone local.  I would imagine a midwest based bank like US Bank with operations in Chicago would be very familar with Riverside.  Or it could be a tenant in the market with a current office that is moving their HQ staff here I know of one like that.    But whoever it is this is a huge project and I think we will find out really soon.  

[a2theb]

10 hours ago, KJHburg said:

Must be an accounting firm then

Everyone has already moved or has too small of an office presence  to warrant anchoring a tower (PwC - 2 Floors in Hearst/Truist. EY - 2 Floors in BOACC + Railyard tech center. Deloitte - New tower. KPMG - Just moved to BOAT?. GT - Just moved to lending tree building, DHG - South Park).

 

This coupled with all of them wanting to shrink their real estate footprint makes me think we will not see another one of their names on a tower anytime soon.

[SydneyCarton]

It’s pretty exciting if construction of new towers  here and at LU is imminent.

[CharlotteWkndBuzz]

27 minutes ago, SydneyCarton said:

It’s pretty exciting if construction of new towers  here and at LU is imminent.

Really makes the case for a cap/park over 277 now.  I know KJH doesn't want his 277 view blocked lol jk.  Meanwhile tho, can you guys imagine driving on 277 and your surrounded by a stretch of towers on both sides.  Canyon effect in full force!

[SydneyCarton]

24 minutes ago, CharlotteWkndBuzz said:

Really makes the case for a cap/park over 277 now.  I know KJH doesn't want his 277 view blocked lol jk.  Meanwhile tho, can you guys imagine driving on 277 and your surrounded by a stretch of towers on both sides.  Canyon effect in full force!

I agree.  The Klyde Warren Park in Dallas which includes a cap is fantastic.  It's beautiful and has precipitated a lot of development.

Edited November 4, 2021 by SydneyCarton

[RANYC]

13 hours ago, Blue_Devil said:

I will say the other tower, which we have all be speculating on, the tenant is local and not a bank. We won't see renderings until its coming out of the ground. 

Better.com?

[csweet]

When do we think this will be announced?

[49er]

The new LH tower is 24 floors and 365'. Should be almost the height of Ally. 

[SydneyCarton]

22 minutes ago, 49er said:

The new LH tower is 24 floors and 365'. Should be almost the height of Ally. 

That sounds great.  Do you know if it will have a unique design?  How about a crown?

[Matthew.Brendan]

Can we please trade in a handful of these coming towers for a single modern 1300’ instead?

[CLT2014]

1 hour ago, RANYC said:

Better.com?

Better.com is going in an existing building Uptown that has emptied out and won't be a major anchor. They need minimal square footage as most employees in Charlotte are staying as permanent work from home. Will largely be a gathering place for sales team meetings, training, et.

Edited November 4, 2021 by CLT2014

[49er]

Sydney Carton....I have not seen the design. 

[deleted account]

1 hour ago, Matthew.Brendan said:

Can we please trade in a handful of these coming towers for a single modern 1300’ instead?

Respectfully, I suspect you are in the minority on your request. I'd rather have a lot of smaller quality towers than one huge tower and I'm guessing most people feel similarly. 

[SydneyCarton]

1 hour ago, 49er said:

Sydney Carton....I have not seen the design. 

Thanks.

[RANYC]

15 minutes ago, JBS said:

Respectfully, I suspect you are in the minority on your request. I'd rather have a lot of smaller quality towers than one huge tower and I'm guessing most people feel similarly. 

Yes, much rather have smaller to fill in surface lots and other auto-oriented gaps throughout center city, as long as those smaller structures are streetscape-activating and pedestrian-accessible.

[JacksonH]

1 hour ago, JBS said:

Respectfully, I suspect you are in the minority on your request. I'd rather have a lot of smaller quality towers than one huge tower and I'm guessing most people feel similarly. 

Exactly what I was thinking.  Trade in the 1300' tower for twenty five-story, architecturally complementary buildings with a mix of office, residential, retail, galleries, entertainment, etc., filling up the vast wasted space in Uptown (like surface lots) and then you'll finally have the makings of a real city.  Charlotte already has a decent skyline.  What it lacks is a broad, engaging and vital urban landscape.

[KJHburg]

Here you go Riverside announces:

Riverside Investment & Development enters Charlotte market with major mixed-use project - Charlotte Business Journal (bizjournals.com)

""Riverside Investment & Development will close in December on 1111 S. Tryon St. The site includes multiple parcels, including those that house Midnight Diner and Uptown Cabaret. Construction on a multi-tower, mixed-use project will begin within a year after closing, said Tony Scacco, Riverside’s chief operating officer.   The three towers will include a mix of office space, residential, retail and potentially a hotel. The project’s total construction costs are expected to reach at least $750 million. ""

""There will be a minimum of one residential tower with 350 units, but it could expand to two residential towers, which Scacco said is likely, with over 650 units. The unnamed project will have a minimum of 800,000 square feet of office, plus outdoor open spaces and public art installations.  “Our goal for this project is a world-class mixed-use development, setting new qualitative standards for each asset,” Scacco said.""

“When we sought the feedback and input of some of our national tenant clients that have a presence in Charlotte, we very quickly came to the conclusion that this site at the nexus of South End growth but uptown financial services, legal and other kinds of sophisticated groups of clientele really was the best opportunity that we had seen,” Scacco said. ""

 

One of their national clients is Bank of America just saying they anchor 110 Wacker  in Chi-town

Portfolio — Riverside Investment & Development (riversideid.com)

Edited November 4, 2021 by KJHburg

[Madison Parkitect]

Goettsch does some pretty sexy towers too, hopefully we'll get some good ones.

[jjwilli]

Seems like a good time to reconfigure this large suburban style 277 off ramp in all of this road realignment:

 

That is some prime land for the 277 River.

[RANYC]

37 minutes ago, KJHburg said:

Here you go Riverside announces:

Riverside Investment & Development enters Charlotte market with major mixed-use project - Charlotte Business Journal (bizjournals.com)

""Riverside Investment & Development will close in December on 1111 S. Tryon St. The site includes multiple parcels, including those that house Midnight Diner and Uptown Cabaret. Construction on a multi-tower, mixed-use project will begin within a year after closing, said Tony Scacco, Riverside’s chief operating officer.   The three towers will include a mix of office space, residential, retail and potentially a hotel. The project’s total construction costs are expected to reach at least $750 million. ""

""There will be a minimum of one residential tower with 350 units, but it could expand to two residential towers, which Scacco said is likely, with over 650 units. The unnamed project will have a minimum of 800,000 square feet of office, plus outdoor open spaces and public art installations.  “Our goal for this project is a world-class mixed-use development, setting new qualitative standards for each asset,” Scacco said.""

“When we sought the feedback and input of some of our national tenant clients that have a presence in Charlotte, we very quickly came to the conclusion that this site at the nexus of South End growth but uptown financial services, legal and other kinds of sophisticated groups of clientele really was the best opportunity that we had seen,” Scacco said. ""

 

One of their national clients is Bank of America just saying they anchor 110 Wacker  in Chi-town

Portfolio — Riverside Investment & Development (riversideid.com)

Nice renderings.  Cool looking spaces for pedestrians. 

Can someone remind me though why this will be more certain than, say, Centre South or 110 East?  I mean, 110 East is just office, so this is quite different in that sense.  

For some reason, in this commercial real estate market, I was sort of expecting an announcment of 800k+ square feet of new office space to also come with the mention of an anchor tenant and job count.

 Glad to see more dense residential, however, and also happy to see yet another deep-pocketed development firm have enough confidence in Charlotte's appeal to acquire property here and propose development.

Edited November 4, 2021 by RANYC

[KJHburg]

1 minute ago, RANYC said:

Nice renderings.  Cool looking spaces for pedestrians. 

Can someone remind me though why this will be more certain than, say, Centre South or 110 East?  I mean, 110 East is just office, so this is quite different in that sense.  

For some reason, in this commercial real estate market, I was sort of expecting an announcment of 800k+ of new office space to also come with the mention of an anchor tenant and job count.

 Glad to see more dense residential, however.

I am sure they have at least one if not a couple of tenants in mind.  They would not come down to Charlotte from Chicago unless they did.  Bank of America is one of their tenants in Chicago not saying they would anchor but they mentioned national clients.