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36 minutes ago, go_vertical said:

Once the old station is vacated are we expecting the North Tryon Vision to get started or will it still be a waiting game for a while? 

Probably a waiting game for a while, depending on the economy

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Once the old station is vacated are we expecting the North Tryon Vision to get started or will it still be a waiting game for a while? 

Pretty sure it’s been vacated for 4 years. I can’t imagine a scenario where any development that hasn’t broken ground, breaks ground in the next 9-12mos minimum. Especially not ones that involve public private partnership. I believe this land is destined for a 20+ floor Truist building, but just assume everything is in a holding pattern for the immediate future.


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1 hour ago, abttown said:

This is my favorite art piece in Uptown.  I always change (try to correct) the rotation of the globe every time I walk past this thing.  Would love to know how much this baby weights.

You might want to stop that for a while. :-)

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There was some activity in the former Rockbottom Space at Transamerica Square two days before the stay at home order was issued. Lights on and 3 people with notebooks walking around. I don't think anyone will be taking over a 10,000sqft restaurant space anytime soon, but surprised a national QSR chain hasn't leased part of it.

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On 3/19/2020 at 9:41 PM, Tyree Ricardo said:


It’s just not normal human movement patterns. It would have to be wildly popular for people to go out of their way, and if it was wildly popular it would just afford a ground level space.

 


I don’t think so, no, not in charlotte. Really only as a massive department store in a world class city, but you can see those dying off, very quickly.

 

I get so lost in these things (looking at you Macy's in SF).  Much prefer the Taipei approach where everything is either at street level or in short malls

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8 hours ago, Desert Power said:

I get so lost in these things (looking at you Macy's in SF).  Much prefer the Taipei approach where everything is either at street level or in short malls

Retail in Hong Kong is at street level highest rents, down below (many drug stores and even an IKEA were underground sometimes multiple levels underground) then up on the 2nd and 3rd level.  I ate a Pizza Hut there once on the 3rd floor and many fast food places are 1 level up from street level. 

I think the key for uptown retail in this new environment is cheaper rent as I have long said 50-75% of market value is better than 0% at market value.  Many uptown landlords are going to find even national food tenants struggling as many of them are still franchisees.    Lower the rents and  take higher % of sales.  

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