Misc. Uptown Projects/News

[KJHburg]

Some miscellaneous uptown shots and I walked over the new crosswalk today but it defeats the purpose if vehicles are going to block it like this.   I forget what is going on with the park at Wells Fargo Plaza do they have a tenant for that space under the gazebo?  I can't remember. 

[jtmonk]

Thanks for the pics and welcome back home KJHburg!  I always enjoy your picture uptdates. 

[CLTProductions]

The Wells plaza thing is gonna be for CRVA and have cool what to do in CLT and CLT gear and other crap. It’s nice 

[tozmervo]

It's a much bolder punch of color than I was expecting. I like it 

[Scribe]

1 hour ago, tozmervo said:

It's a much bolder punch of color than I was expecting. I like it 

Yes, I was impressed when I went by there yesterday!

We will see what the ground floor reno looks like.

[tozmervo]

On ‎11‎/‎20‎/‎2017 at 3:26 PM, Scribe said:

Yes, I was impressed when I went by there yesterday!

We will see what the ground floor reno looks like.

It looks like this.

[Cadi40]

Does anyone think the building boom will slow down? Lately I have read that the building boom we are in will be ending soon and we are past had way done but I think Charlottes building boom will only increase. Charlotte is predicted to be the fastest growing US city by 2030. In my opinion I would like to see the city still grow and in my opinion the projects are only going to get better, But mainly my question if the building boom is ending soon. 

[nakers2]

38 minutes ago, Cadi40 said:

Does anyone think the building boom will slow down? Lately I have read that the building boom we are in will be ending soon and we are past had way done but I think Charlottes building boom will only increase. Charlotte is predicted to be the fastest growing US city by 2030. In my opinion I would like to see the city still grow and in my opinion the projects are only going to get better, But mainly my question if the building boom is ending soon. 

It really depends on how you look at the data, some growth data is based on percentages of existing people, buildings, other infrastructure, etc. In that case, despite the rate of growth decreasing, we have more to count so a lower percentage could actually still indicate more buildings being constructed than a higher percentage would have a few years ago. Like 5% of 100 is 5, and 2.5% of 200 is 5 as well. If the slowdown in growth is expected to be percentage wise, it might still “feel” like were in a growth boom, even through as a percentage of available stock, we are not, or were at a lower point than we were during the “peak”

[Cadi40]

1 hour ago, nakers2 said:

It really depends on how you look at the data, some growth data is based on percentages of existing people, buildings, other infrastructure, etc. In that case, despite the rate of growth decreasing, we have more to count so a lower percentage could actually still indicate more buildings being constructed than a higher percentage would have a few years ago. Like 5% of 100 is 5, and 2.5% of 200 is 5 as well. If the slowdown in growth is expected to be percentage wise, it might still “feel” like were in a growth boom, even through as a percentage of available stock, we are not, or were at a lower point than we were during the “peak”

So would you agree that we are in a slow down? Would you expect another peak anytime soon?

[go_vertical]

Charlotte is certainly not in a slow down. A few office projects just came online and there are several more under construction now or on the verge of starting construction. Residential is still quite strong with multiple buildings underway all over center city and retail is about to explode uptown and beyond. Now, this frantic pace will have to cool off at some point but I think the city's star is shining bright and when things do slow down development will still be at a level that many other cities would consider an upswing. Obviously another bubble burst somewhere would throw everything into upheaval.

I wouldn't worry about things slowing down too much right now. Office space is steadily being scooped up and apartments and townhomes are filling quick. As all of this continues only more projects will be announced. The only question is how successful all of the retail that will be opening over the next year or two will be. Personally I think it will be a hit but we will have to see.

[Guest]

Charlotte is certainly not in a slow down. A few office projects just came online and there are several more under construction now or on the verge of starting construction. Residential is still quite strong with multiple buildings underway all over center city and retail is about to explode uptown and beyond. Now, this frantic pace will have to cool off at some point but I think the city's star is shining bright and when things do slow down development will still be at a level that many other cities would consider an upswing. Obviously another bubble burst somewhere would throw everything into upheaval.
I wouldn't worry about things slowing down too much right now. Office space is steadily being scooped up and apartments and townhomes are filling quick. As all of this continues only more projects will be announced. The only question is how successful all of the retail that will be opening over the next year or two will be. Personally I think it will be a hit but we will have to see.

Still a few more mid scale office projects left in this cycle too.


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[go_vertical]

That is what I think our "cool down" may look like. When we do hit a lull tall tower proposals may be few and far between for a few years but the 8, 10, 15 story projects will keep coming. And I think Charlotte could use more of that (other than 5 story apartments). We have our fair share of signature towers with height. I want more of the dense fillers in between.

People need to keep in mind that the local economy here is considerably more diverse than it was in 2008. Banking is still huge here, but it isn't the sole pillar the city balances on any longer. Energy is doing well, start-ups in various fields seem healthy, the blue collar/warehouse jobs keep coming, and healthcare continues to grow. A more diversified economy can be a very good buffer against downturns.

[15895]

Charlotteks supposed to be 3.6 millionmetro pop. By 2040. 

 

Not sure the cool down is gonna cool down much 

[Cadi40]

So do you guys think we are in a cool down and if so when may it heat up? Charlotte will always be growing very quickly, sometime just might be more than other times. The whole southeast is growing a lot and Charlotte won’t be any different. Charlotte will continue to grow hopefully for more decades and is predicted to be the fastest growing US city in 2030. And as mentioned above a Metro population of more than 3.5 Million by 2040. A cool down in Charlotte might include more of Retail and Residentially oriented projects outside of the 277 loop with a few mid sized towers in the City. Charlotte as a whole will never not be growing, Atleast for quite a few more years. 

[KJHburg]

Crane city view down on Stonewall yesterday. Lets see the 20 story Northwood Ravin apartment tower two 10 story hotels at Stonewall Station getting ready to start,  Lennar apartment tower 25-30+ floors getting ready to start soon, Bohemian hotel, Intercontinental hotel and groundbreaking for 26 story Ally Charlotte tower very soon and that is what is announced now.  There is a couple more things that will be announced soon.  Sounds like a good pipeline of towers in uptown.   

[go_vertical]

In just a few short years the drive on 277 will be so freaking cool. I'm really hoping for some announcements on the southern side to really complete the canyon effect. Nothing too crazy, 10 to 20 stories butted up against it would be awesome.

Edited November 23, 2017 by go_vertical

[Guest]

So do you guys think we are in a cool down and if so when may it heat up? Charlotte will always be growing very quickly, sometime just might be more than other times. The whole southeast is growing a lot and Charlotte won’t be any different. Charlotte will continue to grow hopefully for more decades and is predicted to be the fastest growing US city in 2030. And as mentioned above a Metro population of more than 3.5 Million by 2040. A cool down in Charlotte might include more of Retail and Residentially oriented projects outside of the 277 loop with a few mid sized towers in the City. Charlotte as a whole will never not be growing, Atleast for quite a few more years. 

We are definitely not in a cool down, especially not for office. The building that was announced in Myers Park is the beginning. Keep in mind there’s still companies in Bofa Corp Center that will need a new home once their leases are done, they all gotta go. Also, as usual there is no austerity in the real estate market, it’ll go until it busts.


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Crane city view down on Stonewall yesterday. Lets see the 20 story Northwood Ravin apartment tower two 10 story hotels at Stonewall Station getting ready to start,  Lennar apartment tower 25-30+ floors getting ready to start soon, Bohemian hotel, Intercontinental hotel and groundbreaking for 26 story Ally Charlotte tower very soon and that is what is announced now.  There is a couple more things that will be announced soon.  Sounds like a good pipeline of towers in uptown.   

Lennar will be more like 33-35


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[Cadi40]

What Lennar Reaidential tower?

[southslider]

^part of the redevelopment of Marshall Park

[NCMike1990]

52 minutes ago, Cadi40 said:

What Lennar Reaidential tower?

 

6 minutes ago, southslider said:

^part of the redevelopment of Marshall Park

It's actually the proposed tower in First Ward Levineland. Link

[Guest]

It's actually the proposed tower in First Ward Levineland. Link

Should be approved and renderings released soon. Having a hard time getting approved so far.


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[southslider]

^Yes, Lennar is doing what Levine couldn't in First Ward. Realized I goofed after hitting submit but didn't feel like editing on Thanksgiving. 

All of the newly announced projects mentioned  above are pretty far from these cranes pictured. The Metropolitan tower visible from 277 by Trader Joes seems long dead, and was supposed to be built by Levine there.  There will be decent height coming to Marshall Park and Walton Plaza in the future, just not breaking ground like Grand Bohemian (W Trade/S Church) or Lennar (First Ward) as soon.

[KJHburg]

^^^ Yes there was a proposal by Levine for a 20+ story tower hotel and condos/apartments at the vacant lot at the end of the Metropolitan shopping center by the greenway where a sales trailer once was.   No action on that either I would consider it dead unless someone else buys the site.  

I am counting 7-8 10 story plus towers to be started soon or already started within the uptown loop and these are not pie in the sky proposals.  These include 4 hotels (2 at SS, Intercontinental, Bohemian) , 1 office tower (Ally) , 2 apartment towers and that is what is announced right now.  Several more maybe coming.  

I do not think our boom is over uptown in this cycle yet and invariability it will slow down but not really next year. 

Edited November 24, 2017 by KJHburg

[Norm2]

14 hours ago, ricky_davis_fan_21 said:

Should be approved and renderings released soon. Having a hard time getting approved so far.


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Do you know why the tower is having difficulty getting approved by chance?

[Guest]

1 hour ago, norm21499 said:

Do you know why the tower is having difficulty getting approved by chance?

I think CDOT is the latest hangup. Every project goes through revisions, for various reasons. I don't think any one can predict what the planning department is going to nitpick, I feel like it changes every single project.