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If Charlotte really has 50+ in the construction/approval/proposal stages why aren't there a lot more construction cranes up? I'm not saying that I disagree, but from the wiki page, the author claims that it was updated on Oct of 2021. So I'm assuming it is mostly accurate. Anyways, wikipedia isn't known for reliable sourcing either.
For 2020-2021 alone, Nashville completed 12 skyscrapers/highrises. Yeah, the construction probably started in 2018-2019, but still that's rather impressive. By 2025, Nashville would have built/completed 29 towers over 300ft or just about 300 ft, including the current approval and "already in the construction phase" buildings. In a time frame of 5 years, that's ridiculous. That's almost Chicago, New York, and San Fran levels. Obviously, on a scale comparable to a mid tier city. The 2020s is Nashville decade to shine, at least statically. By 2030, who knows what else Nashville has in store.
If Charlotte really has 50+ in the construction/approval/proposal stages why aren't there a lot more construction cranes up? I'm not saying that I disagree, but from the wiki page, the author claims that it was updated on Oct of 2021. So I'm assuming it is mostly accurate. Anyways, wikipedia isn't known for reliable sourcing either.
For 2020-2021 alone, Nashville completed 12 skyscrapers/highrises. Yeah, the construction probably started in 2018-2019, but still that's rather impressive. By 2025, Nashville would have built/completed 29 towers over 300ft or just about 300 ft, including the current approval and "already in the construction phase" buildings. In a time frame of 5 years, that's ridiculous. That's almost Chicago, New York, and San Fran levels. Obviously, on a scale comparable to a mid tier city. The 2020s is Nashville decade to shine, at least statically. By 2030, who knows what else Nashville has in store.
Yeah, Nashville's growth is crazy I must say. A majority (90%+) of this info is new info meaning announced in 2021, with more to come. SouthEnd is growing rapidly. For why there aren't enough construction cranes the only explanation I have is Charlotte just completed a handful of towers in the past months. Wait until late 22 or early 23, it could be a possibility that Charlotte could have around 12-15 projects U/C 250+. Maybe even adding a couple (3-5) depending on how the Uptown projects go. And this is from what I know specifically, there are a good amount of projects in the pipeline still that I have little knowledge on. Brooklyn Village for example, that is years in the making is apparently gaining traction because of the adjacent medical school across I-277 and 7th and Tryon (2 towers + more) could easily happen by 2023 or maybe 2022. (article mentioned late 2024 target date) Also, there are unannounced towers still in uptown currently.
If Charlotte really has 50+ in the construction/approval/proposal stages why aren't there a lot more construction cranes up? I'm not saying that I disagree, but from the wiki page, the author claims that it was updated on Oct of 2021. So I'm assuming it is mostly accurate. Anyways, wikipedia isn't known for reliable sourcing either.
It's extremely difficult to predict the development patterns in Charlotte because there are so many new elements to consider. The new Streetcar expansion to downtown's westside is just one such example. Even though the streetcar is much slower and less popular than light rail, it still remains to be seen what it's development impact might be. When light rail service began in Charlotte (November 2007) nobody expected the South End neighborhood to become downtown's main competition for class A highrise commercial real estate. Well, let's just say that a lot has changed in only 14 years. South End could be getting it's first 600 footer in a few years (Charlotte's first non-downtown 600 footer).
If Charlotte really has 50+ in the construction/approval/proposal stages why aren't there a lot more construction cranes up? I'm not saying that I disagree, but from the wiki page, the author claims that it was updated on Oct of 2021. So I'm assuming it is mostly accurate. Anyways, wikipedia isn't known for reliable sourcing either.
For 2020-2021 alone, Nashville completed 12 skyscrapers/highrises. Yeah, the construction probably started in 2018-2019, but still that's rather impressive. By 2025, Nashville would have built/completed 29 towers over 300ft or just about 300 ft, including the current approval and "already in the construction phase" buildings. In a time frame of 5 years, that's ridiculous. That's almost Chicago, New York, and San Fran levels. Obviously, on a scale comparable to a mid tier city. The 2020s is Nashville decade to shine, at least statically. By 2030, who knows what else Nashville has in store.
These Towers over 200 Ft. were completed in 2020/2021 and excludes 2019 or years prior
Duke Energy - 597 Ft.
Ally Bank Tower - 427 Ft
The Ellis - 384 Ft.
First National Bank Tower - 384 Ft
Lowe’s HQ - 357 Ft.
Honeywell HQ - 305 ft
JW Marriott - 305 Ft.
Lending Tree - 291 Ft.
The Line 212 Ft.
So that would still be 9 vs. 12 for years 2020-2021. Some years have more completions than others.
But with Charlotte, with its recently announced towers are really going to ramp up more than I ever known the city of having a construction boom.
2017-2019 for Charlotte was:
Bank of America Tower - 659 Ft
300 South Tryon - 463 Ft
Museum Tower - 447 Ft
Ascent - 426 Ft.
AC Hotel - 320 Ft.
SkyHouse II - 318 Ft
Uptown 550 - 292 Ft.
Novel Stonewall - 292 Ft
Regions Bank - 260 Ft.
Kimpton Hotel - 238 Ft.
That’s 19 towers in Charlotte over 200 Ft. from 2017 - 2021. Based on Wikipedia, it looks like Nashville had 21 towers constricted.
But the next few years will seem to be charlottes largest development boom ever. With lots of height and several 600 ft. Towers. I’m not saying Nashville isn’t adding more, just saying I think Charlotte just doesn’t have many active posters on this site. And I don’t keep up enough to have lists and crane counts. I say just live in the moment. What’s here is here. The new towers don’t have full renderings but they will definitely be signature towers and over 600 Ft.
Last edited by Charlotte485; 11-07-2021 at 08:56 AM..
If Charlotte really has 50+ in the construction/approval/proposal stages why aren't there a lot more construction cranes up? I'm not saying that I disagree, but from the wiki page, the author claims that it was updated on Oct of 2021. So I'm assuming it is mostly accurate. Anyways, wikipedia isn't known for reliable sourcing either.
For 2020-2021 alone, Nashville completed 12 skyscrapers/highrises. Yeah, the construction probably started in 2018-2019, but still that's rather impressive. By 2025, Nashville would have built/completed 29 towers over 300ft or just about 300 ft, including the current approval and "already in the construction phase" buildings. In a time frame of 5 years, that's ridiculous. That's almost Chicago, New York, and San Fran levels. Obviously, on a scale comparable to a mid tier city. The 2020s is Nashville decade to shine, at least statically. By 2030, who knows what else Nashville has in store.
Totally agree. Charlotte is obviously growing fast, and the development pace is incredible. But Nashville's is even hotter right now, and the city is absolutely booming with skyscraper and highrise development.
If I had to make a decent guess, based on current development trends, here is where I'd place Charlotte and Nashville in terms of skyscraper count in the next few years:
(skyscraper count over 300 feet high)
2021:
Charlotte: 35 total *4 under construction; *6 pending construction
Nashville: 29 total *7 under construction; *5 pending construction
2022:
Charlotte: 39 total *6 under construction; 5 pending construction
Nashville: 36 total *6 under construction; 8 pending construction
2023:
Charlotte: 45 total *3 under construction; 3 pending construction
Nashville: 42 total *8 under construction; 10 pending construction
2024:
Charlotte: 48 total *3 under construction; 4 pending construction
Nashville: 50 total *8 under construction; 8 pending construction
2025:
Charlotte: 51 total *4 under construction; 3 pending construction
Nashville: 58 total *7 under construction; 9 pending construction
by 2030:
Charlotte: 63 total *2 under construction; 2 pending construction
Nashville: 81 total *4 under construction; 5 pending construction
Obviously, this is a rough guess. But I'd put Charlotte within roughly 5 either way, by 2030, and Nashville within 10, either way, by 2030. **If economic conditions allow**
Totally agree. Charlotte is obviously growing fast, and the development pace is incredible. But Nashville's is even hotter right now, and the city is absolutely booming with skyscraper and highrise development.
If I had to make a decent guess, based on current development trends, here is where I'd place Charlotte and Nashville in terms of skyscraper count in the next few years:
(skyscraper count over 300 feet high)
2021:
Charlotte: 35 total *4 under construction; *6 pending construction
Nashville: 29 total *7 under construction; *5 pending construction
2022:
Charlotte: 39 total *6 under construction; 5 pending construction
Nashville: 36 total *6 under construction; 8 pending construction
2023:
Charlotte: 45 total *3 under construction; 3 pending construction
Nashville: 42 total *8 under construction; 10 pending construction
2024:
Charlotte: 48 total *3 under construction; 4 pending construction
Nashville: 50 total *8 under construction; 8 pending construction
2025:
Charlotte: 51 total *4 under construction; 3 pending construction
Nashville: 58 total *7 under construction; 9 pending construction
by 2030:
Charlotte: 63 total *2 under construction; 2 pending construction
Nashville: 81 total *4 under construction; 5 pending construction
Obviously, this is a rough guess. But I'd put Charlotte within roughly 5 either way, by 2030, and Nashville within 10, either way, by 2030. **If economic conditions allow**
Just a heads up for Nashville, there's more towers in the works that have yet to go public that were not included on that project list. Stay tuned. The next year or two things are about to get crazy. Good to be connected with folks in the know.
Just a heads up for Nashville, there's more towers in the works that have yet to go public that were not included on that project list. Stay tuned. The next year or two things are about to get crazy. Good to be connected with folks in the know.
Amazing!! Love to hear that.
It's truly phenomenal to see Nashville growing so fast, right before everyone's eyes.
Nashville's skyscraper count will be higher than Denver, San Diego, Honolulu and Minneapolis by 2030.
Just phenomenal, especially considering Nashville had only about 14 skyscrapers over 300 feet high, in 2010.
Totally agree. Charlotte is obviously growing fast, and the development pace is incredible. But Nashville's is even hotter right now, and the city is absolutely booming with skyscraper and highrise development.
It's very difficult to predict future developments (especially highrise developments). However, there is a simple way to check the "pulse" of an area's high rise real estate market. For starters; I am one of those people who can afford to pay $5,000/month for an apartment if I wanted to (not trying to brag here, just being honest). Almost all of these type of apartment buildings have websites with fully transparent data on availability and pricing. I checked the availability and pricing of 505 Nashville and The Vue in Charlotte (the tallest residential buildings in both cities). Nashville's tallest is 45 stories and Charlotte's tallest is 51 stories (pretty much the same height). I do believe that Charlotte's tallest is older, but this should not affect pricing much at all.
From what I can tell, 505 Nashville has a handful of available units starting at around $1,900/month with the earliest availability on December 5th of this year. The Vue Charlotte has an availability of December 31st this year and a starting price point of $2,900/month. There's also a $5,300/month unit available for move in today.
If these prices is a microcosm of the overall high-rise market in these respective cities; then my mind is instantly wondering how well will Nashville fair when the prices inevitably go up to the level that they should be at now?
$1,900/month is not (I repeat IS NOT) what any major US city can expect from high rise living moving forward. Because of the industries and corporate offices
(and small business owners such as myself) Charlotte's residents have proven that we can afford $3,000 or $4,000 or even $5,000 per month. Everything is market-driven and from what I can tell the rent prices in Charlotte's tallest residential building is double the price of what I'm seeing in Nashville's tallest residential building.
There are two factors in the economic cycle of real estate; there's the building's construction and then there is the absorption of the building by the market. This cycle is often times driven by the population growth of a market. Davidson county added a little over 80,000 residents last census. Mecklenburg county North Carolina added almost 200,000 residents in the same time. When it comes to land area both counties are almost identical (so physical size of the counties had no factor in the growth).
Proposals are all fine and dandy, but the minute a high-rise residential goes up (and it cannot command its fair market value in rent deposits from its population); new investors will see THAT as a "red flag" and they will put their plans on hold. This is the harsh truth in real estate that no city is exempt from.
If Nashville had the building with longer wait times and higher rents then I would put my money on Nashville. However, that is not what I'm seeing. Feel free to go on to the websites of both of those buildings and fact check me on this. If I am wrong and I read something incorrectly I have no problem conceding.
Totally agree. Charlotte is obviously growing fast, and the development pace is incredible. But Nashville's is even hotter right now, and the city is absolutely booming with skyscraper and highrise development.
If I had to make a decent guess, based on current development trends, here is where I'd place Charlotte and Nashville in terms of skyscraper count in the next few years:
(skyscraper count over 300 feet high)
2021:
Charlotte: 35 total *4 under construction; *6 pending construction
Nashville: 29 total *7 under construction; *5 pending construction
2022:
Charlotte: 39 total *6 under construction; 5 pending construction
Nashville: 36 total *6 under construction; 8 pending construction
2023:
Charlotte: 45 total *3 under construction; 3 pending construction
Nashville: 42 total *8 under construction; 10 pending construction
2024:
Charlotte: 48 total *3 under construction; 4 pending construction
Nashville: 50 total *8 under construction; 8 pending construction
2025:
Charlotte: 51 total *4 under construction; 3 pending construction
Nashville: 58 total *7 under construction; 9 pending construction
by 2030:
Charlotte: 63 total *2 under construction; 2 pending construction
Nashville: 81 total *4 under construction; 5 pending construction
Obviously, this is a rough guess. But I'd put Charlotte within roughly 5 either way, by 2030, and Nashville within 10, either way, by 2030. **If economic conditions allow**
Above 200 ft
Charlotte 53
Nashville 39 (correct me if I'm wrong)
2021: 56 (+1 The Line, +1 Duke Energy, +1 Lowes)
2022: 56
2024: 50 (+3 Riverside, +2 Enterprise, +2 7th and Tryon +1 Spectrum Hotel +1 additional tower at LU)
around 2025+: 60-61 (+2 Duke Energy Mixed-Use, +1 Riverside Hotel, +1-2 Brooklyn Village, +2 CTC redevelopment, +1 1718 S Blvd Phase 2, +1 Stiles Phase 2, +1 Atrium, +1 Gateway Station)
Charlotte has tons of projects in the SouthEnd area that are in the 225-300 range. The future in Charlotte is somewhat uncertain after 2024. Although most of them on the list will eventually happen, I'd say slightly less than half of them will be done by 2025 which would leave Charlotte with around 52-54 300 footers. Even nothing on the list happens I know Charlotte will get some news between now and late 2022. It could be lower or higher then that realistically. The lowest I'd go is 49-50 by 2025. I want to stress than most of Charlotte news & development goes unannounced so that 63 number by 2030 is probably very low. Lots of news in the next year or 2 will probably come to the light, considering Charlotte has 3-4 40 fl proposals and the fact that there are 50+ projects in SouthEnd and Uptown floating around. I'd say Charlotte can see around 70-75 300 ft footers and close to 95 towers 200 ft or above by 2030. Considering Charlotte built 19 towers over 200 ft in 4 years it really doesn't sound crazy. All Charlotte would need to do is build 4/5 towers per year on average above 200 ft for the rest of the decade which is more than capable. Either way, there's not really much Charlotte can do to outpace Nashville if it will have say, 81 towers 300 ft+. Both cities will shoot up the rankings in number of 300 footers. I'm trying to be as non-bias as possible but we honestly don't know if it will 100% pass Charlotte, it's more than likely tho.
Above 200 ft.
around 2025+: 90-92 (+2 Duke Energy Mixed-Use, +1 Riverside Hotel, +2-3 Brooklyn Village, +2 CTC redevelopment, 1+ Stiles Phase 2, +1 Suffolk Punch Site, +1 1718 S Blvd Phase 2, +1 Metropolitan Tower, +1 Atrium, +1 10 Tryon, +1 Moxy Hotel, +1 Atrium, +1 Lowes Tower Phase 2, +2-4 Gateway Station etc.)
*Also forgot to mentioned this is probably only a fraction of everything in Charlotte, there is a lot of information I don't know about.
It's very difficult to predict future developments (especially highrise developments). However, there is a simple way to check the "pulse" of an area's high rise real estate market. For starters; I am one of those people who can afford to pay $5,000/month for an apartment if I wanted to (not trying to brag here, just being honest). Almost all of these type of apartment buildings have websites with fully transparent data on availability and pricing. I checked the availability and pricing of 505 Nashville and The Vue in Charlotte (the tallest residential buildings in both cities). Nashville's tallest is 45 stories and Charlotte's tallest is 51 stories (pretty much the same height). I do believe that Charlotte's tallest is older, but this should not affect pricing much at all.
From what I can tell, 505 Nashville has a handful of available units starting at around $1,900/month with the earliest availability on December 5th of this year. The Vue Charlotte has an availability of December 31st this year and a starting price point of $2,900/month. There's also a $5,300/month unit available for move in today.
If these prices is a microcosm of the overall high-rise market in these respective cities; then my mind is instantly wondering how well will Nashville fair when the prices inevitably go up to the level that they should be at now?
$1,900/month is not (I repeat IS NOT) what any major US city can expect from high rise living moving forward. Because of the industries and corporate offices
(and small business owners such as myself) Charlotte's residents have proven that we can afford $3,000 or $4,000 or even $5,000 per month. Everything is market-driven and from what I can tell the rent prices in Charlotte's tallest residential building is double the price of what I'm seeing in Nashville's tallest residential building.
There are two factors in the economic cycle of real estate; there's the building's construction and then there is the absorption of the building by the market. This cycle is often times driven by the population growth of a market. Davidson county added a little over 80,000 residents last census. Mecklenburg county North Carolina added almost 200,000 residents in the same time. When it comes to land area both counties are almost identical (so physical size of the counties had no factor in the growth).
Proposals are all fine and dandy, but the minute a high-rise residential goes up (and it cannot command its fair market value in rent deposits from its population); new investors will see THAT as a "red flag" and they will put their plans on hold. This is the harsh truth in real estate that no city is exempt from.
If Nashville had the building with longer wait times and higher rents then I would put my money on Nashville. However, that is not what I'm seeing. Feel free to go on to the websites of both of those buildings and fact check me on this. If I am wrong and I read something incorrectly I have no problem conceding.
I believe context is key here. Nashville-Davidson County is consolidated making annexation of close in suburbs not possible. This means any growth can't be inflated since the physical boundaries are fixed. Davidson County's population growth percentage actually increased this decade over the previous and this was before the effects of company expansions of Amazon, Oracle etc. All data points to a larger increase in percentage growth in the next decade due to a number of factors that I don't have all of the data in front of me. Though this is one.
From the report:*Once considered a second-tier, 18-hour city, Nashville can now be called a Supernova – a metro area in the midst of "hypergrowth," the report states.
Also, not sure using the tallest residential apartment buildings as a litmus test in demand as 505 for Nashville doesn't even command the highest rents. There's apartments in Green Hills and Music Row that command a lot higher rent.
A lot of the proposals for Nashville are driven by future population, economic and tourism growth prospects.
Last edited by jkc2j; 11-07-2021 at 05:04 PM..
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