SkyHouse Charlotte, Publix and 10Tryon Tower in 4th Ward

[CLTProductions]

Skyhouse II filed for a rezoning change from UMUD to UMUD-O and scheduled for Oct 19. What does this mean in terms of construction schedule? And what's the difference between UMUD and UMUD-O?

[southslider]

^O is for Options.  Means they want to waive one or more of the UMUD zoning standards.

Edited August 11, 2015 by southslider
Typo

[Guest]

Skyhouse II filed for a rezoning change from UMUD to UMUD-O and scheduled for Oct 19. What does this mean in terms of construction schedule? And what's the difference between UMUD and UMUD-O?

O means Optional Provision. 
Looking at the Rezoning. It appears that the have discovered that the balconies will encroach too much on the allowed set back (5' instead of 2') they are requesting an optional provision to the sites zoning to allow them to encroach 3 additional feet.

[uptownliving]

Its also good to see that they will be widening 9th to allow for some on street parking spaces.

[Miesian Corners]

Do not read the comments section of Ely's Observer article detailing the next tower.  People are incredibly stupid. Developers Laying the Groundwork for Next Skyhouse Tower Uptown

[HopHead]

Do not read the comments section of Ely's Observer article detailing the next tower.  People are incredibly stupid. Developers Laying the Groundwork for Next Skyhouse Tower Uptown

I only saw 2 out of 3 dumb comments... The trolls are slacking. 

[15895]

Ready for Publix or any grocer to have a formal announcement 

[Prodev]

Don't hold your breath. It won't be any time soon.

[dubone]

Does that mean the deal fell through, or that it is a slow process?

I'd hate for Grubb to continue his trend of pursuing and drawing interest from a grocer just to have them pick a new location. 

[Miesian Corners]

 

I only saw 2 out of 3 dumb comments... The trolls are slacking. 

There are only three comments, and all three are stupid.

[jednc]

There are only three comments, and all three are stupid.

There are three comments. I agree that two are stupid. How is the comment asking what one commenter is basing his opinion on stupid? Disclaimer: I posted the comment in question.

[15895]

There are three comments. I agree that two are stupid. How is the comment asking what one commenter is basing his opinion on stupid? Disclaimer: I posted the comment in question.

  off topic but that's kinda funny. Fight, fight, fight, fight. 

[Miesian Corners]

There are three comments. I agree that two are stupid. How is the comment asking what one commenter is basing his opinion on stupid? Disclaimer: I posted the comment in question.

Could be that I missed the entire comment due to the big box on my screen telling me to subscribe to the Observer. But honestly, I promise you I didn't see that one when I read the article this morning.  Cross my heart.   

[Prodev]

Does that mean the deal fell through, or that it is a slow process?

I'd hate for Grubb to continue his trend of pursuing and drawing interest from a grocer just to have them pick a new location. 

Publix approved the deal, but the economics don't make sense as a freestanding grocery store. Novare has certain residential restrictions on the parcel so the only thing that really makes sense there would be office. Grubb isn't going to spec an office building, and from what I hear, they're possibly going to try and market the land to sell to a third party. 

[js4life]

Publix approved the deal, but the economics don't make sense as a freestanding grocery store. Novare has certain residential restrictions on the parcel so the only thing that really makes sense there would be office. Grubb isn't going to spec an office building, and from what I hear, they're possibly going to try and market the land to sell to a third party. 

Grocery stores have a small profit margin & it can be difficult to make the economics work with the high cost of land Uptown ,getting foot traffic in the store is the easy part but making a profit  off customers who spend less than half the average ticket of their suburban customers is the hard part.

[SentioVenia]

There are three comments. I agree that two are stupid. How is the comment asking what one commenter is basing his opinion on stupid? Disclaimer: I posted the comment in question.

LOL, holy crap!  You and I went to college together.  My brother was your roommate for a while, in fact.  Oh, and your comment wasn't stupid.

Edited August 13, 2015 by SentioVenia

[dubone]

Publix approved the deal, but the economics don't make sense as a freestanding grocery store. Novare has certain residential restrictions on the parcel so the only thing that really makes sense there would be office. Grubb isn't going to spec an office building, and from what I hear, they're possibly going to try and market the land to sell to a third party. 

This surprises me some, because it would seem that Grubb would want to subsidize the retail some with the rest of the Skyhouse project because it benefits the rest of the Skyhouse project with value of future leases and better chance of filling units.    

[Guest]

Publix approved the deal, but the economics don't make sense as a freestanding grocery store. Novare has certain residential restrictions on the parcel so the only thing that really makes sense there would be office. Grubb isn't going to spec an office building, and from what I hear, they're possibly going to try and market the land to sell to a third party. 

Grubb turned away Lidl and told them to "keep looking" because their scope didn't match their vision. I just find it so hard to believe Publix isn't a lock, based on that situation alone. Maybe Publix gets back in with Levine and goes to the First Ward Urban Village or goes for cheaper land in Elizabeth.

[CarolinaCrown]

Skyhouse garage coming along.

[jednc]

Could be that I missed the entire comment due to the big box on my screen telling me to subscribe to the Observer. But honestly, I promise you I didn't see that one when I read the article this morning.  Cross my heart.   

no big deal. My intention was to challenge their assertion, but I don't think they ever responded to me so I just dropped it.

 

LOL, holy crap!  You and I went to college together.  My brother was your roommate for a while, in fact.  Oh, and your comment wasn't stupid.

Is your brother Steve?

[Rufus]

Publix approved the deal, but the economics don't make sense as a freestanding grocery store. Novare has certain residential restrictions on the parcel so the only thing that really makes sense there would be office. Grubb isn't going to spec an office building, and from what I hear, they're possibly going to try and market the land to sell to a third party. 

I think a hotel here would do wonders.  South Tryon is getting all the hotel attention, and rightly so, but this site seems to be a great place for a N. Tryon hotel.  Maybe a boutique brand like Hotel Indigo or Palomar. 

[SentioVenia]

Is your brother Steve?

Yep

[HopHead]

Grading permits for Skyhouse II are now up on Accela...

[dubone]

Some people have begun to move in here, but it will obviously be months before the parking and amenities are done.   A lady who rented from me briefly almost moved in there, but did not want to deal with parking off site and found a cheaper place that worked better for her.  But I have seen lights on and more activity. 

 

In perfect irony related to the missed opportunity to fix the 10th & Church intersection, on move in day, I saw an extremely large number of drivers going across Church illegally.   

[DMann]

My sources told me that they had 81 leases before the first one moved in.  Building is still under construction and the parking deck is supposed to open next month.  I have been in 1 unit and it is pretty cool, great views.  Same from the roof.