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58 minutes ago, ricky_davis_fan_21 said:

I'd say its still :ph34r:. Probably will stay that way until next cycle. I think Market 42 or Maybe Polk will be our last apartment tower for a while. I'd imagine Lincoln Harris announces one in late 2019, after they announce a 3rd office building in the next month or two.

Hmm ...

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when is it going to be announced about Wells taking the 300 South Brevard building anybody know?  I noticed it is missing from a couple commercial real estate websites now like Loopnet and the Siteindex site.   

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4 minutes ago, Missmylab4 said:

WF was turned down, they have to find space now. Lending Tree gets to keep the space or so I’ve heard. 

Wow that is really interesting.  Even Stream has removed the building from their site of available space.  Just like in residential real estate something can sit there for a long time then all of sudden everyone wants it! 

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For context, what do you mean WF was turned down?

 

That is disappointing to me. I would have preferred WF take the space so LendingTree could anchor something more prominent.

 

Seems like there are a bunch of developments out there looking for anchors, and I am starting to wonder if some of these South End locations (spectrum, Portman, common square, LoSo, etc.) don’t get built.

 

 

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2 minutes ago, J-Rob said:

That is disappointing to me. I would have preferred WF take the space so LendingTree could anchor something more prominent.

Seems like there are a bunch of developments out there looking for anchors, and I am starting to wonder if some of these South End locations (spectrum, Portman, common square, LoSo, etc.) don’t get built.


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Theres another 3 buildings after those mentioned above that haven't been announced too. So yea. Something isn't going to get built. 

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1 minute ago, J-Rob said:

That is disappointing to me. I would have preferred WF take the space so LendingTree could anchor something more prominent.

Seems like there are a bunch of developments out there looking for anchors, and I am starting to wonder if some of these South End locations (spectrum, Portman, common square, LoSo, etc.) don’t get built.


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I think Spectrum will start regardless as will Common Square (smaller building can't take a huge tenant anyway).   But with BB&T Sun Trust establishing a tech center here it might go somewhere besides the corporate office.  Lowes is going to do a tech center, Honeywell in the hunt.   If Wells doesn't go in that space they will push and not renew people out of Duke Energy Center they own and cause more tenants to look. 

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10 hours ago, Missmylab4 said:

WF was turned down, they have to find space now. Lending Tree gets to keep the space or so I’ve heard. 

Not to sound like a you know what but the info you got is incorrect. Stream turned down LT. WF to take the whole building.

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https://www.charlottecentercity.org/wp-content/uploads/2018/06/Center-City-Development-Report-31-May-2018-For-web-UPDATED.pdf

Do yall ever look at this?  I always go back to view it to see all the developments that I have forgotten about. lol needs to be updated, but its the best I've seen that gives you a direct overview of what's going on in Charlotte development news.

 

Edited by j-man

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Just now, Matthew.Brendan said:

Fantastic news! I’d love condos but would take a hotel or office. Wonder what they would do at ground floor. 

Too small for office, but I'd say hotel and residential fits back there nice and snug. Same size as Catalyst.

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15 hours ago, ricky_davis_fan_21 said:

Too small for office, but I'd say hotel and residential fits back there nice and snug. Same size as Catalyst.

Agree 100% hotel seems most likely because you can share parking with the office building and do something gritty that contrasts with the Kimpton next door.

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Side Note....it was actually exciting to see online on websites like booking.com and Expedia how literally all the hotels in the city and surrounding towns are basically 99.8 %  booked for All Star week. And the ones that are left are  extremely high priced. lol That's great news for the hotels and all the new retail that's been popping up everywhere in the last few years (specifically uptown).  Unfortunately the traffic is going to be hell on Friday. But at least the air will smell like Food Truck Heaven! :tw_relieved: 

Edited by j-man
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Watch out for the Digital Double Decker that I sent down there for Under Armour.  This weekend is going to be an experiential, OOH circus. You can already see it with Nike's MASSIVE OOH buy.

Edited by ricky_davis_fan_21
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1 hour ago, j-man said:

Side Note....it was actually exciting to see online on websites like booking.com and Expedia how literally all the hotels in the city and surrounding towns are basically 99.8 %  booked for All Star week. And the ones that are left are  extremely high priced. lol That's great news for the hotels and all the new retail that's been popping up everywhere in the last few years (specifically uptown).  Unfortunately the traffic is going to be hell on Friday. But at least I the air will smell like Food Truck Heaven! :tw_relieved: 

The city has coordinated with Uptown employers to get people off the road. My office has around 1,500 people and we are shutting down the physical office at noon on Friday and most employees have been asked to work at home the entire day. I expect BofA, Duke, and Wells are going to do similar situations for most employees which should take many cars off the road in Uptown and open it up for visitors. 

Edited by CLT2014
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7 minutes ago, CLT2014 said:

The city has coordinated with Uptown employers to get people off the road. My office has around 1,500 people and we are shutting down the physical office at noon on Friday and most employees have been asked to work at home the entire day. I expect BofA, Duke, and Wells are going to do similar situations for most employees which should take many cars off the road in Uptown and open it up for visitors. 

Can confirm this is true for BOA.

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49 minutes ago, ricky_davis_fan_21 said:

Watch out for the Digital Double Decker that I sent down there for Under Armour.  This weekend is going to be an experiential, OOH circus. You can already see it with Nike's MASSIVE OOH buy.

Does the paparazzi travel to events like this seeing as though no city in the country will get this much coverage of so many celebs all together like this since yesterday's Grammy Awards? lol :huh: Or is it more media?

 

Edited by j-man

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Sounds like Wells taking 300 S Brevard is 'official'.  New news to me his is they leaving some space in One Wells in the process...

Wells Fargo & Co. (NYSE: WFC) is nearing a deal to take the entire 360,000-square-foot 300 South Brevard building, at the corner of South Brevard Street and East Martin Luther King Jr. Boulevard, where it will house hundreds of bank employees, according to multiple real estate sources with knowledge of the deal. As part of that move, Wells is expected to vacate some of its space at One Wells Fargo Center, at 301 S. College St. — one block west of 300 South Brevard

https://www.bizjournals.com/charlotte/news/2019/02/12/uptown-real-estate-moves-on-deck-for-major-bank-in.html?iana=hpmvp_clt_news_headline

Edited by navigator319
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On 2/11/2019 at 11:49 AM, CLT2014 said:

The city has coordinated with Uptown employers to get people off the road. My office has around 1,500 people and we are shutting down the physical office at noon on Friday and most employees have been asked to work at home the entire day. I expect BofA, Duke, and Wells are going to do similar situations for most employees which should take many cars off the road in Uptown and open it up for visitors. 

Not us. My employer will have the doors open during the apocalypse. I'll be sure to let everyone know what traffic nightmares they are avoiding since I can't do the same.

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More on Wells and their move into 300 South Brevard.

We have been saying this for a while but also in the article is this about Wells and DEC

""Recently, Wells Fargo has also been eyeing consolidation and expansion at Duke Energy Center, which the bank owns and where it moved its investment banking and capital markets group from One Wells in 2012. Construction permits with Mecklenburg County filed late last year on behalf of Wells Fargo indicate the bank was planning upfit work on the 33rd and 34th floors, where Barings and Cushman & Wakefield formerly had office space before both companies moved to 300 South Tryon. Other tenants at Duke Energy Center, like Deloitte, will exit the tower in the coming years as new space elsewhere comes online (Deloitte is anchoring the second office tower at Legacy Union).""

In terms of Wells exiting some space at One Wells Fargo (which they occupy about 686.xxx sq ft.)

""It was not immediately clear exactly how much space Wells would vacate or when the moves would occur. Sources have said Wells Fargo is not expected to exit the building entirely, but some have estimated it could vacate up to 300,000 square feet.""   Their super cheap lease is up at 1 WFC at end of 2021. 

Edited by KJHburg
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