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Ally Charlotte Center (f/k/a Tryon Place) - 26 floors - 427'


Bled_man

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I can't say anything about the development side, but that miserable lot of mismanagement known as Wachovia Insurance trickled down the belief that one of their agents will handle the insurance for the project. Normally I'd dismiss, but knowing firstly that Wachovia rumors leak fast and secondly the certainty and enthusiasm that accompanies the rumor leads me to believe that Trump is still serious.

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One Charlotte is nearly sold out? Is that what you said? If you have any more sales info from them, please share, as good news from One Charlotte helps the case for the Trump Tower. One Charlotte is a market indicator for Trump.

Woops, I didn't say it was nearly sold out, I just said it was selling its rooms, which it is. Plus they already have an idea of the building, location, and are active in its sales (I've received information personally, not that I'm serious about buying one). I'm not sure where they stand for sales, I would not be a resource for this information. Either way, it doesn't look like One Charlotte is going to cancel its plans to be built, Trump or no Trump, but I'm just curious how this would effect everything else. We know some high end retail would be effected if Trump turned down. I was just throwing out the idea that a lot more would be effected by Trump's proposal being thrown out.

Again I was just throwing out that to itch on your head, I personally don't think the Trump building is dead and is very much alive. I just don't see how the hotel/casino delema really effect Trump's building here in Charlotte. He's obviously making money, he just wanted to sell those off. To me it just seems like 2 seperate issues and that Trump Charlotte will be a go-ahead. There's so much hype, and the only change has really been positive here in Charlotte from when I'm sure they began looking at Charlotte as their next site.

Edited by Andyc545
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Yeah it's making me a little nervious too however I'm reading a book by George Ross, Trump's friend and business partner for a long time. And one of the main points is that Trump prides himself on being able to pull off some of the most complex business deals in the business and that he doesn't have any quit in him, which means that he will not give up on this project without a fight, so reading this book has helped me cope with the silence.

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Remember, the release date to the public for whether Trump Towers would be built in Charlotte isn't supposed to be set until the end of Summer, it was said. So, just because we haven't heard any "insider information" or seen any additional testing on site in the last few weeks doesn't mean anything. I couldn't imagine that it would take too long to do soil sampling and site tests until the next step, which comes after a decision of it being built or not. I think we will all be pleasantly surprised, and I'm sure more rumors and tid-bits will leak through between now and the end of summer when it's proposed announcement comes out.

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Ok so I don't really have any new news, I wanted to post because I finished my book about Trump. I now truly believe after reading this book believe he will add the "Trump Touch" to any project he would do here. That would most definately include retail which hasn't been here or that is still upscale. Through a lot of his developments he adds retail to his projects; he has really good connections with a lot of the big retailers and could possibly get some to come earlier than they expected I would think.

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From what I hear, the purchase of the 2 additional parcels (the QSM building and Faison building) has stalled. Apparently the appraisals came back indicating that Trump would be paying more than the properties are worth. The purchase of these two parcels is just stalled ..... NOT stopped. Negotiations are under way to look at the terms of each contract and possibly make some adjustments.

Edited by guy4charlotte
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From what I hear, the purchase of the 2 additional parcels (the QSM building and Faison building) has stalled. Apparently the appraisals came back indicating that Trump would be paying more than the properties are worth. The purchase of these two parcels is just stalled ..... NOT stopped. Negotiations are under way to look at the terms of each contract and possibly make some adjustments.

Let's say worse comes to worse;

Do you think Trump would still build a office tower on what he could?

Would 300 South Tryon, or Novare pick up the lost office space?

Would Novare develop a office tower on the other land they have?

Would either of our banks build another office tower at the time being?

ETC.ETC.ETC.

Edited by Miguel
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Yah I called Infinity Partners today before Guy4Charlotte posted and talked to some people there and they said they are still actively working with the Trump.

Everyone needs to remember that the original renderings for the entire project were done without the acquisition of the other assets. They came later and the project is not dependent upon them whatsoever, so I have heard.

Did you speak to one of those two guys in the local rags from the Infinity group or just a secretary?

Let's say worse comes to worse;

Do you think Trump would still build a office tower on what he could?

2.57 Acres is Crescent parcel per the tax records - This is plenty for both and for the retail we keep hearing about.

Would 300 South Tryon, or Novare pick up the lost office space?

No

Would Novare develop a office tower on the other land they have?

No

Would either of our banks build another office tower at the time being?

No

ETC.ETC.ETC.

Edited by tunedmassdamper
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I think WORST comes to worse, Trump would move this development to the Renaissance site on N. Tryon or try to buy a portion of the Hal Marshall site from the eventual winner. It may result in some scaling back due to the lack of as desirable location, but I would assume still include a condo and office component.

However, I don't think it would come to that. ^^^

I'm not terribly worried though.....just because there is insider knowledge being release here doesn't mean that this is going through any process outside the norm. It really depends on how this is being financed. If he needs a Mezz. loan on the land, then it could be an issue, but if he is straigh up buying the land, then its more a matter of making everyone feel like they got a good deal.

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Everyone needs to remember that the original renderings for the entire project were done without the acquisition of the other assets. They came later and the project is not dependent upon them whatsoever, so I have heard.

What renderings? We've yet to see any drawings.

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As long as they keep the same amount of units and functional presence, I would much prefer the small buildings remain. But I really hope those little buildings don't get in the way of an additional tower or anything like has been previously hinted at.

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This will be my last post for a while...

People! The project will not scale down in size due to the aforementioned posts. There are still two buildings, one is planned at 74 and the other is planned at 44. As I have mentioned in previous posts, the 1000 + ft building is the hotel and condos, NOT THE OFFICE as some have speculated and the crappy reporting of the local rags has indicated.

As long as they keep the same amount of units and functional presence, I would much prefer the small buildings remain. But I really hope those little buildings don't get in the way of an additional tower or anything like has been previously hinted at.
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This will be my last post for a while...

People! The project will not scale down in size due to the aforementioned posts. There are still two buildings, one is planned at 74 and the other is planned at 44. As I have mentioned in previous posts, the 1000 + ft building is the hotel and condos, NOT THE OFFICE as some have speculated and the crappy reporting of the local rags has indicated.

It will be interesting to see if they actually go forward with a 1000 footer for residential living given the scares that are taking place in the market. The stock market has been dropping a good bit right now due to the collapsing prices in the real estate market. The timing of this project does not seem to be that good.

The 1000 footer announced in Nashville, The Signature Tower, has yet to show any signs of actually closing in on a ground breaking though it's been more than a year since it was announced.

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