Charlotte Development News

[rickydavisfan21]

Originally Posted by WeimieLvr

Okay...I'm sure it will become a destination for all of Charlotte.

Lol, regardless of whether it becomes a true catalyst or not, it will be great to have a low price family friendly place that is 100x better than 15 acres of parking lots that were once where it and romare bearden park will sit once complete.

[WeimieLvr]

Originally Posted by rickydavisfan21

Lol, regardless of whether it becomes a true catalyst or not, it will be great to have a low price family friendly place that is 100x better than 15 acres of parking lots that were once where it and romare bearden park will sit once complete.

Definitely.

[rickydavisfan21]

A new Apartment Project silently started construction in Gateway Village on a parcel occupied by not a whole heck of a lot of anything. Looks to be 300+ apartments and about 7 floors. Hopefully it will have some retail!
http://charmeck.org/city/charlotte/p.../2012-061.aspx

[IberiaCLT]

Originally Posted by rickydavisfan21

A new Apartment Project silently started construction in Gateway Village on a parcel occupied by not a whole heck of a lot of anything. Looks to be 300+ apartments and about 7 floors. Hopefully it will have some retail!
http://charmeck.org/city/charlotte/p.../2012-061.aspx

That section of town was nothing but surface parking lot but thanks to the park+Baseball I know I will probably have huge reasons to piddle around over there now. Even during events this area was such a bleak sea of parking concrete parking lots. The residential towers that surrounded this area looks odd next to the parking lots. It drove me crazy! Nothing but parking lots.


I go to Freedom park and walk the greenway into uptown (then take Lightrail to East/West and walk down East Blvd. back to Freedom) pretty often because I love Freedom Park. This new park will be a lot more convenient.

Plus it is (and has) transforming the sea of parking lots that once were. "3rd Wards Massive Project" was built with the Parks in mind. It was in 1st ward but relocated right in front of the park (Catalyst, Ally). Also, it gave some momentum for Wachovia's museums/theaters/48 story tower. Plus it was a selling point I believe for Trademark (28) and a little less so for Vue (50)


I'm too excited!

[minsamol]

Is there any retail area in Downtown Charlotte?

[WeimieLvr]

Originally Posted by minsamol

Is there any retail area in Downtown Charlotte?

It's Uptown Charlotte...I know there is some at Epicenter, along Tryon Street, and at Overstreet Mall.

[krazeeboi]

Originally Posted by WeimieLvr

A catalyst for development sure, but it has been learned time and again in other cities that a new stadium doesn't create true vibrancy in low traffic districts. People come in for games and leave afterwards, ala Victory Park in Dallas and any number of other stadium/arena developments around the country. I'm not saying it isn't a good thing for the city and the 3rd ward, but I just wouldn't expect things that don't normally come with a new stadium.

Just plopping an arena down without regard for form or function, no that doesn't do much. But there are indeed examples of appropriately-designed ballparks and arenas in urban areas that do attract development. The Arena District in Columbus, OH, home of Nationwide Arena, is a good example of this. More locally, you can look at what the minor league ballpark in the West End district in Greenville, SC did for that area. There's also the Durham Bulls ballpark that spurred lots of investment in the area, like the restored American Tobacco Warehouse complex and the performing arts center. Judging from the renderings, the proposed Knights ballpark will have a pretty urban form and space for retailers and I'd expect nothing less than significant investment in the surrounding area, especially with the new urban park coming the next block over. Together, they will pack a pretty nice urban punch.

[krazeeboi]

Originally Posted by IberiaCLT

I go to Freedom park and walk the greenway into uptown (then take Lightrail to East/West and walk down East Blvd. back to Freedom) pretty often because I love Freedom Park. This new park will be a lot more convenient.

The last neighborhood I lived in in Charlotte was Dilworth and I utilized Freedom Park and the Sugar Creek greenway a good bit while living there. I miss it immensely.

[StevenW]

I love it right after Freedom park where Queens Road is. WOW!! Beautiful! And that South Park Mall!! Wow!!! Great places there!!

[Dale]

I see where the ballpark went ahead. However, I didn't realize that many obstacles remain. I thought this was a done deal.

Also, stunning defeat for Foxx's budget. I read somewhere that no one can remember the last time a mayor's budget was repudiated.

[desertpunk]

Another (larger) render of the ballpark:


http://bringbaseballhome.com/2012/05/

[Jeanf1990]

Thank you for the render!

Any other news about charlotte?

[rickydavisfan21]

Tons actually, its amazing how under the radar Charlotte Development is on this site.

Here are Approved Charlotte Projects.
Childress Klein Building on 3rd Ward Park: 372 units 21 floors
Renassiance Redevelopment: 200 apartments and 350k sq foot office building 6 floors and 15 floors
Levine Apartments Uptown: 200 apartments wrapping a 1400 space deck 6 floors
Alpha Mill 2: 300 Market Rate Apartments 5 floors.
Lofts at Seigle Point: 250 Condos 3 floors
Lennar Mixed Use Project: 300 Apartments with 12 retail spots. 7 floors
Levine Apartments South End: 150 units in 12 floor apartment tower.
Morehead Properties Project: 220 units on Morehead.
Fountains Uptown: 220 Units, 6 floors.
Cambridge Apartments 250 units, 6 floors
Faison Project: 200 Units, Wilmore, 5 floors
Park and Kingston, 5 floors, 153 units
Centro Studios Apartments: 175 units 6 floors.
330 West Tremont. 164 unit apartments 6 floors, with future retail and office development.
Junction 1504 280 units, 4 floors
The cottages at Euclid, 19 condos, 3 floor town homes
Woodfield Silos 300 Units, 5 floors, garden style apartments.
Colonial Properties Southend Grand, 350 parking deck wrapped apartments.
Fountains at New Bern 250 units, 6 floors.
JBL Apartments, Elizabeth APartment building 6 floors 350 units.
The Edison Plaza Midwood, 60 units 4 floors, nice infill
Music Factory Apartments 250 units, 40k sq. feet of retail on the East side of 277.
Faison Apartments 2. 280 units Gateway Village, 6 floors and hopefully some retail.
Lomax West Side Apartments. 300 Apartments near Bryant Park.
Cresent Project: On the Trump land, 15 floors of apartments and a 10 story office tower.

Parks:
3rd Ward Park, grading and plumbing done.
1st Ward Park: Preliminary Demo starting
Wells Fargo Sense and Science Garden. Wells Fargo Sponsored 2 acre children's park in 1st Ward under construction
Tryon Street Pocket Park. Site of former Encore Apartments, being turned into a small pocket park on Tryon Street.
South End Park.

South Park Projects
Ashley Park, Whole Food, 118,000 square feet of offices, 78,000 square feet of retail, 150 residential units and a 120-room boutique hotel.

Market at South Park
189,200 square feet of retail. 100 apartments

Hotel Indigo
7 floors 100 rooms

Circle at Piedmont
8 floors 350 units

Maersk Redevelopment
560 units, eventual 500k of office space.

Woodfield South Park
350 Units, 9 floors.

[CityTrip]

Glad to see some low and midrise infill building going on downtown. Bring back the cranes!

[nostyle]

Article in the CO today about Levine's plan for a First Ward urban village:

http://www.charlotteobserver.com/201...irst-ward.html

Phase 1, $75 million in the form of two parking decks, a park, road improvements, and 200 residences, will begin construction in December.

Site map:
http://www.charlotteobserver.com/201...ment-plan.html

[Carolina Blue]

Originally Posted by nostyle

Phase 1, $75 million in the form of two parking decks, a park, road improvements, and 200 residences, will begin construction in December.

Site map:
http://www.charlotteobserver.com/201...ment-plan.html

Exciting project. So looking at the map, which of these numbers is phase one? Reading the article obviously items 3, 7 and 8 are part of phase one. But I'm confused about how much more of the residential shown on the map is phase one, and which is he second parking deck they said is part of phase one. Anybody know?

[desertpunk]

Originally Posted by nostyle

Article in the CO today about Levine's plan for a First Ward urban village:

http://www.charlotteobserver.com/201...irst-ward.html

Phase 1, $75 million in the form of two parking decks, a park, road improvements, and 200 residences, will begin construction in December.

Site map:
http://www.charlotteobserver.com/201...ment-plan.html

Plan will create urban village for First Ward

Apartments, offices and a park part of the plan, which includes city support

After talking about creating an urban village in First Ward since 1998, Levine Properties is finally planning to break ground in December on a project involving space for businesses, apartments and a park. The city is also invested in the project: Up to $23.7 million in property taxes will go back to Levine Properties for the construction of parking decks, which will be for public and private use.

When the 15-year project is complete, First Ward, the area of uptown northeast of Trade and Tryon streets, will be home to a public park, three parking decks, apartments, office space, restaurants and stores. At least eight city blocks will be part of the urban village. The project also includes extending 10th Street to connect Brevard and Tryon streets, said Daniel Levine, president of Levine Properties. The cost of the overall project could exceed $700 million.

The first phase of construction, which will cost $75 million, will include two parking decks, the park, 200 apartment units and the road connection. Levine said he expects the first phase of construction to last between 18 and 24 months. Of the first two parking decks, one will be at Eleventh and Brevard streets and the other next to the UNC Charlotte uptown campus.

The First Ward project is a public-private venture because the parking decks will be funded through a tax increment grant with the city. The grant will last for no more than 10 years, said Peter Zeiler, the city’s development and investment manager. Levine Properties has to pay for the construction of the decks, but after they are built and property taxes are paid to the city, a portion of those property taxes will be returned to the company to defray the expense of the decks, which the city expects will cost $23.7 million.

Zeiler said whichever comes first – the end of 10 years or paying off the $23.7 million through property taxes – will end the city’s involvement in parking deck funding. In the long run, he said, the parking will pay for itself. “The city, for the parking, is not paying any money out of the general fund,” Zeiler said. “The only source of funds is by taxes paid for the new development.”

The project’s original plan called for four parking decks, one of which would be below ground. But, because building an underground deck was too expensive, Levine Properties nixed it and expanded the plans for the other lots. Levine said there will be 1,335 spaces in the two decks. One deck will be entirely public, and the other two will be a combination of public and private spaces, Zeiler said. The city is involved in helping to fund the parking decks because there are parking areas already in use that will be demolished with the project’s construction, Zeiler said.

The public park will be across the street from ImaginOn, between Seventh and Brevard streets and extending into the next block where UNCC is. Levine said the land for the park will be leveled. “We will have an open area as big as a football field for concerts, fairs and throwing Frisbees around,” Levine said. “When we think of urban parks, we think of the Green, which is a beautiful park, but the park we’re talking about is more than five times the size of that park.”

The first phase also calls for 200 apartment units, although the project ultimately plans to include 1,500 units, Levine said. There are also 1.5 million square feet of office space planned, about 350 hotel rooms and about 350,000 square feet for street-level retail. Levine Properties will build a privately owned road, Market Street, bordering the light rail between Seventh and Ninth streets. The company will also realign and rebuild parts of Brevard and Eighth streets, and Zeiler said the city will reimburse Levine with money that has already been allocated for uptown road improvements. A new walkway will also be built to run from new apartments on 10th Street to UNCC.

[...]
Read more here: http://www.charlotteobserver.com/201...#storylink=cpy

[krazeeboi]

I hope Levine comes through and doesn't just deliver parking decks and put the rest of the project on hold.

[minsamol]

Is there any project for a skyscraper??

[The Quiet Storm]

That rendering!