Charlotte is bound for growth no matter what, and that's precisely why out of town developers continue to plant their flags in our great city.
Queens Bridge Collective
Description: The transformational $750 million development that Chicago-based Riverside Investment & Development has planned for the Midnight Diner/Uptown Cabaret spot (1111 S. Tryon) will include two towers: One 45-story, 400-unit residential tower, plus a 42-story, 700,000-square-foot office tower.
The residential tower will also have a 12,000-square-foot indoor-outdoor restaurant space, as well as public and private outdoor space. There will be 20,000 square feet of ground-floor retail.
Timeline: The development received its zoning approval this month. The plan is set to break ground in early 2023, according to Riverside COO Anthony Scacco.
Why it matters: Queens Bridge Collective will include one of the tallest buildings in Charlotte, and the tower will add to South End’s growing skyline. The development’s location — between South End with Uptown — will connect two of the city’s bustling office submarkets.
Carson & Tryon
Description: Crescent Communities and Nuveen Real Estate are behind the plans for a 31-story mixed-used development at the edge of Carson and South Tryon, on the property where the Enterprise Rent-A-Car currently sits. The development will include:
20 stories of office space
A 200-room luxury boutique hotel
200 luxury apartments
Timeline: The project will break ground next year and is expected to deliver sometime in 2025.
Why it matters: This is another development that aims to connect Charlotte’s two bustling office submarkets: Uptown and South End.
Levine Museum apartment tower
Description: VeLa Development Partners are planning a 32-story apartment tower, which will include 379 rental units, on the site where the Levine Museum of the New South building currently sits at the corner of College and 7th streets.
The building will also have 4,000 square feet of retail space.
Timeline: VeLa does not have a timeline for when demolition will occur. The plan is to break ground on the development sometime in 2023, a spokesperson confirmed.
Why it matters: The Levine Museum was a fixture in Uptown for two decades, hosting everything from community events to a signature exhibit focused on police brutality. Construction of a luxury apartment tower marks a significant change for the property.
The Pearl
Description: Atrium Health and Wake Forest Baptist are building a medical school campus and innovation district called The Pearl on more than 26 acres in midtown. It’ll have, among other features: Four towers, street-level retail space for restaurants and other businesses, up to 1,000 apartments, a hotel, parking garages and public outdoor space.
Timeline: Although infrastructure work on the site has begun, the formal groundbreaking will take place in early 2023. The inaugural class of the Wake Forest University School of Medicine Charlotte will be seated in 2024, Atrium has told Axios.
Why it matters: For a long time, Charlotte has been the largest U.S. city without a four-year medical school, so this project will change that. What’s more, local officials say this campus will help position Charlotte as a destination for research and innovation — it promises to bring hundreds of jobs in those fields, too.
Yes, but: Some neighbors worry about the development’s effects on surrounding communities — including rising property values and displacement.
Apartment tower on the Price’s site
Description: Charlotte-based Catalyst Capital Partners is partnering with developer Stiles on a 30-story “ultra-luxury” apartment tower on the Camden Road site where the iconic chicken joint Price’s used to operate. The building will have 291 apartment units, 9,500 square feet of retail and restaurant space and about 10,000 square feet of office space that Catalyst will eventually occupy.
Timeline: Construction will begin sometime in 2023, a Stiles spokesperson told Axios. There’s no timeline yet on demolition of the Price’s building.
Why it matters: This apartment high-rise will replace a local institution that operated there for nearly 60 years. This tower is the latest sign of South End’s evolution from a manufacturing area to a popular destination for local small businesses to a walkable neighborhood filled with tall office and apartment towers.
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