Misc. Uptown Projects/News

[RANYC]

2 hours ago, Yeahdoug said:

What do we have here? Taking samples for selling or for some plans? Installing something?  Others side of the tracks on W Trade. 

If I recall correctly, another contributor on here recently posted that this site had just undergone a land use change for a mid-rise apartment development.

[Yeahdoug]

I looked up the parcel and no permits pulled yet. Hmmm

[atlrvr]

On 12/15/2022 at 2:06 PM, CLTProductions said:

Toll is the developer

^^^^ this was the reply to my post stating apartments were planned for the JWU land but I was unsure on the developer.

[CLTProductions]

1 hour ago, atlrvr said:

^^^^ this was the reply to my post stating apartments were planned for the JWU land but I was unsure on the developer.

whoops yeah #context

[Reverie39]

9 hours ago, RANYC said:

If I recall correctly, another contributor on here recently posted that this site had just undergone a land use change for a mid-rise apartment development.

Every time an Uptown surface parking lot gets converted into usable development, an angle gets its wings.

Edit: not changing it, we need more flying angles

Edited February 22, 2023 by Reverie39

[15895]

5 hours ago, Reverie39 said:

Every time an Uptown surface parking lot gets converted into usable development, an angle gets its wings.

Would that mean Angle hell is 1st Ward?  Any angles that are obtuse are banished to Levine Hell. 

[J-Rob]

I don't think this has been posted anywhere yet, but Charlotte Center City Partners is starting a formal campaign to facilitate updates to Uptown's aging buildings. This is something that has been talked about on UP quite a bit recently, and I think this is an exciting effort.

"...they have begun discussions with property owners of a dozen uptown buildings encompassing 7 million square feet to explore their interest in taking an in-depth look at what’s needed and what’s possible for older buildings."

The article is worth the read if you have access.

https://www.bizjournals.com/charlotte/news/2023/02/22/charlotte-center-city-partners-uptown-real-estate.html

 

Edited February 23, 2023 by J-Rob

[RANYC]

6 hours ago, J-Rob said:

I don't think this has been posted anywhere yet, but Charlotte Center City Partners is starting a formal campaign to facilitate updates to Uptown's aging buildings. This is something that has been talked about on UP quite a bit recently, and I think this is an exciting effort.

"...they have begun discussions with property owners of a dozen uptown buildings encompassing 7 million square feet to explore their interest in taking an in-depth look at what’s needed and what’s possible for older buildings."

The article is worth the read if you have access.

https://www.bizjournals.com/charlotte/

 

Yes, the article cites that Center City Partners and the city's Economic Development Head plan to explore the use of both local and state incentives to facilitate such conversions, especially of pre-1990 office buildings.  While mixed, residential, and retail uses are on deck, the article mentioned institutional uses like an "uptown high school."  An uptown high school is part of the CMS capital plan which is set to be funded by a nearly $3 billion bond issuance, which county voters will weigh in on this fall. 

So with CMS potentially collecting a large pool of capital, and with the exploration of high-rise conversions into institutional uses, could we see a high-rise high-school, potentially?  Or might the thought be to use raised CMS funds to acquire and re-purpose a structure needing conversion like the epicenter?

[KJHburg]

Hey Charlotte Center City Partners check this ULI and NMHC report on office conversion to other uses mainly to residential.  

We WILL have a problem with this uptown  Some of my problems buildings would be in my opinion:  2 Wells Fargo 32 story building built in the 1970s (not as wide as others maybe easier to convert)  

400 South Tryon also built in the 1970s and also 32 stories.

In my opinion why could not balconies be cut into these buildings to reduce floorplate size.  We need do incentives for these conversions or see the value of empty buildings plummet and become eyesores.    Read below the stats on this lets get working on a solution to these out of date high rise office towers and get more residents and hotel rooms uptown. 

But read this report 

https://www.nmhc.org/globalassets/research--insight/research-reports/conversion/behind-the-facade_conversion-report.pdf   these example are from all over the country! 

read these stats from the article in the Biz Journal reference above:

""Uptown office space — excluding South End, where much of the inventory has been opened in recent years — totals 26 million square feet. The current vacancy rate is 14.5%, with 19.1% available if someone were to meet the asking price for lease terms.

According to CoStar, 10.7 million square feet of uptown office space is in buildings that opened in 1989 or earlier, equal to 41% of office inventory. The rest — 15.3 million square feet, equal to 59% — came online in 1990 or afterwards. 

Here’s why the focus is on the older buildings: The vacancy rate is 22.6% (30.9% available) in the pre-1990 buildings and 8.8% (11.1% available) in the post-1990 offices.""

 

[Desert Power]

On 2/22/2023 at 9:24 PM, KJHburg said:

We WILL have a problem with this uptown  Some of my problems buildings would be in my opinion:  2 Wells Fargo 32 story building built in the 1970s (not as wide as others maybe easier to convert)  

And this one is really two buildings stitched together.   I'm sure someone could do some cool conversion there, but I doubt it will happen.

[KJHburg]

Here is the webpage and virtual tour of the new Monarch Food Hall at 101 Independence Center uptown.

https://www.monarchmarketclt.com/

""MONARCH MARKET
18,000-Square-Foot Food Hall, Featuring 12 Food Stalls, 1 Full Service Restaurant & 3 Bars
Monarch Market is a new 18,000-square-foot food hall in the center of Uptown Charlotte connected to One Independence Center, at the intersection of Trade and Tryon. The food hall will be operated by Hospitality HQ, offering 12 varieties of food, one full-service restaurant, three bars—including one outdoor concept along N. Tryon Street—and private event space. This dining destination compliments the recently renovated 26,000-square-feet of retail on the ground floor of the office tower.""

 

Looks very popular already with the hipsters and office workers. 

Edited March 3, 2023 by KJHburg

[RANYC]

3 hours ago, KJHburg said:

Here is the webpage and virtual tour of the new Monarch Food Hall at 101 Independence Center uptown.

https://www.monarchmarketclt.com/

""MONARCH MARKET
18,000-Square-Foot Food Hall, Featuring 12 Food Stalls, 1 Full Service Restaurant & 3 Bars
Monarch Market is a new 18,000-square-foot food hall in the center of Uptown Charlotte connected to One Independence Center, at the intersection of Trade and Tryon. The food hall will be operated by Hospitality HQ, offering 12 varieties of food, one full-service restaurant, three bars—including one outdoor concept along N. Tryon Street—and private event space. This dining destination compliments the recently renovated 26,000-square-feet of retail on the ground floor of the office tower.""

 

Looks very popular already with the hipsters and office workers. 

I really hope this project is successful

[KJHburg]

Bad photo alert:  this is the apartment complex under construction at N Tryon and between 12th and 13th St right outside the 277 loop.  Because of the site's elevation this is going to be and look tall.   900 N Tryon.    I think it is called Silver Hills at NoDa or something like that even though it was very close to uptown.  

[rancenc]

@KJHburg, I believe this is the project that you took the picture of earlier!

 

[KJHburg]

^^^ Great find that garage looks tall and that seems to be higher ground making it look huge.  

[RANYC]

6 hours ago, rancenc said:

@KJHburg, I believe this is the project that you took the picture of earlier!

 

I spy with my little eye...Dan Levine's abandoned eyesore of a parking garage project!

[tozmervo]

I nearly missed this tidbit about Polk Park. Has anyone seen a plan published for this renovation?

[J-Rob]

$10M for upgrades to a pocket park?  I don't know much about construction, but that seems outrageously expensive. Is there going to be some kind of interactive display or something?

[KJHburg]

New tenants and new name for Latta Arcade by the new owners.

""The nearly 110-year-old Latta Arcade in uptown Charlotte is getting a new name and a major facelift.

Chicago-based Northpond Partners announced plans today to completely overhaul the historic 23,000-square-foot retail property. Work is underway now to restore the historic character of the two-story art deco building, now called The Alley at Latta Arcade. Northpond's vision for the building is to create a new and improved food and beverage destination.

Northpond bought the building at 320 S. Tryon St. from Northwood Retail in March 2020, according to previous CBJ reporting. Northpond paid $7.5 million for the property.""

https://www.bizjournals.com/charlotte/news/2023/03/14/latta-arcade-renovation-northpond-uptown-food.html

""A new concept from Felix Empanadas, called Carnales, is under construction now and is expected to open in the second quarter of 2023. Carnales will serve tortas, quesadillas, alambres and breakfast tacos. Felix Empanadas opened its first store there several years ago.

Another new concept from The Dumpling Lady and Wentworth & Fenn's second Charlotte bakery are slated to open in late 2023. Gather Flower Studio, a floral designer using fresh, locally sourced flowers, also has plans to occupy space on the second floor.

Northpond is currently negotiating leases with all existing tenants and said it plans to eventually add a cocktail bar, coffee bar and taproom.""

[tozmervo]

The Alley?!

Is that a joke? 

[Take2]

9 hours ago, tozmervo said:

The Alley?!

Is that a joke? 

Couldn't agree more. Can't imagine the new name or whatever taking off. We know it for what it's been for decades. Must Charlotte developers completely erase everything!!

[jtmonk]

1 hour ago, Take2 said:

Couldn't agree more. Can't imagine the new name or whatever taking off. We know it for what it's been for decades. Must Charlotte developers completely erase everything!!

This is actually Chicago developers,  but I agree that the name change is stupid. 

[KJHburg]

It will referred by me always as Latta Arcade 

Edited March 16, 2023 by KJHburg

[ArchiCLT]

12 hours ago, tozmervo said:

The Alley?!

Is that a joke? 

[Madison Parkitect]

That new name sucks.