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New details out about Lennar's high-rise project in uptown; remainder of site under contract
Although it won't break ground until August 2018, Lennar Multifamily Communities is full-steam ahead on planning out its First Ward block in uptown Charlotte.
LMC, the multifamily division of homebuilder Lennar Corp., acquired a block bounded by the Lynx Blue Line extension and Eighth, North College and East Ninth streets from Daniel Levine for $23 million in January. LMC, which keeps its East Coast headquarters in Charlotte, will build 549 apartments between a 33-story, 375-foot-tall high-rise and a six-story midrise building as well as about 20,000 square feet of ground-floor retail along Market Street, fronting the Lynx Blue Line Extension slated to open in March.
The 184 midrise units at Market 42, to be at a lower price point than the 365 high-rise apartments, are expected to appeal to younger renters whereas the high-rise property, which includes several floors of penthouse units at the top, could draw an older, more affluent demographic, including empty nesters
That portion of the site, measuring a little less than half an acre, is under contract to be sold to a hotel group, Harris said. He declined to give specifics on the entity or plans but said the sale may close as early as January. If all goes according to plan, that project could rise at the same time as LMC's development, which might mean three cranes active on the site at once.
Yeah, I agree, but they have some pesky building height restrictions for downtown Wilmington. I say, the higher the better, keep on building
Just for context, Wilmington decided about 20 years or so ago to protect its Riverfront "in the Historic District". So the recently built Embassy Suites on the riverfront sits at about 11 stories but its not in the Historic District. The North end, where a former shipping industry once stood is being redeveloped with modern, mid rise buildings, the south end is the Historic district. The center, near the Hilton, is where the old parking deck once stood and will have mid rise buildings, but because of the grade, they wont cut off the sightlines from the existing buildings on Front Street.
There is nothing pesky about the height restrictions. They are there to protect the Historic fabric of the downtown. More NC cities should actually have historic guidelines like this in place to protect its history.
There are 2 ways to look at it. Is the building able to adapt to present day need. Is the building in good condition.
What are the present needs for that site. Just because a building is old does not make its value a good use for today.
Some times it is a fine line between saving an old build or building a new one in its place. If you want an office building, an old building may not be able to be refitted for todays requirements.
I am not for tearing down all old building. Just because it is old does not mean it is the best use for that site.
Just for context, Wilmington decided about 20 years or so ago to protect its Riverfront "in the Historic District". So the recently built Embassy Suites on the riverfront sits at about 11 stories but its not in the Historic District. The North end, where a former shipping industry once stood is being redeveloped with modern, mid rise buildings, the south end is the Historic district. The center, near the Hilton, is where the old parking deck once stood and will have mid rise buildings, but because of the grade, they wont cut off the sightlines from the existing buildings on Front Street.
There is nothing pesky about the height restrictions. They are there to protect the Historic fabric of the downtown. More NC cities should actually have historic guidelines like this in place to protect its history.
Or they should take from historic designs and build entire neighborhoods using that example. Cities thousands of years old do this since you can't perverse cities forever unless you want to make the entire city a museum.
For example, I would love to see a street in Raleigh with rows of buildings inspired by Shaw Uni's historic Estey Hall (https://en.wikipedia.org/wiki/Estey_Hall).
If someone did that, not only are you calling back to the history of Raleigh but that street will eventually become a unique historic part of Raleigh. Instead of all this one in a million steel, glass, and brick facade buildings we can't get enough of.
How Charlotte has reused the old Ford Model T plant.
ATCO Properties & Management is curating a mix of small and large businesses in its development of 1.3M SF of adaptive reuse space that once was a Ford Model T factory and later an Army missile plant.
The Boileryard is a community space featuring a courtyard with tree planters, a fire pit, outdoor games, food trucks, live music and the Boileryard Building at 1824 Statesville Ave., which houses nine businesses in addition to Camp North End’s event space. The Boileryard also has murals showing “innovation in Charlotte” created by local artists.
“Camp North End is a haven for innovators who are doing great things in Charlotte,” ATCO Properties & Management co-President Damon Hemmerdinger said. “People are responding to that spirit of creativity from the grass roots all the way up to the corporate world, as evidenced by this significant commitment by Ally. This new lease gives the company the unique ability to expand and further cultivate a center for innovation in the North End Smart District.”
Redevelopment of textile mills across the Carolinas has increased in the past decade as local officials have been able to offer state tax credits for properties listed on the National Register of Historic Places. In Charlotte and across the region, mills have been turned into condos and apartments, senior housing, offices, shopping complexes and restaurants. Examples in Charlotte include Highland Mill in the NoDa neighborhood, Atherton Mill in South End and the Charlotte Cotton Mill uptown.
This gallery features photos from one mill redevelopment already complete, Rock Hill's Cotton Factory, and two projects just getting underway – Gastonia’s Loray Mill and Rock Hill’s old Bleachery site. While the Loray is Gastonia’s first mill redevelopment project, in Rock Hill a half-dozen former mill buildings have been revived with new uses. Click here to read more about the Gastonia and Rock Hill projects: “Two cities, two mills to be reborn
Location: The place where the road & the sky collide
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Originally Posted by CLT1985
How Charlotte has reused the old Ford Model T plant.
ATCO Properties & Management is curating a mix of small and large businesses in its development of 1.3M SF of adaptive reuse space that once was a Ford Model T factory and later an Army missile plant.
The Boileryard is a community space featuring a courtyard with tree planters, a fire pit, outdoor games, food trucks, live music and the Boileryard Building at 1824 Statesville Ave., which houses nine businesses in addition to Camp North End’s event space. The Boileryard also has murals showing “innovation in Charlotte” created by local artists.
“Camp North End is a haven for innovators who are doing great things in Charlotte,” ATCO Properties & Management co-President Damon Hemmerdinger said. “People are responding to that spirit of creativity from the grass roots all the way up to the corporate world, as evidenced by this significant commitment by Ally. This new lease gives the company the unique ability to expand and further cultivate a center for innovation in the North End Smart District.”
Redevelopment of textile mills across the Carolinas has increased in the past decade as local officials have been able to offer state tax credits for properties listed on the National Register of Historic Places. In Charlotte and across the region, mills have been turned into condos and apartments, senior housing, offices, shopping complexes and restaurants. Examples in Charlotte include Highland Mill in the NoDa neighborhood, Atherton Mill in South End and the Charlotte Cotton Mill uptown.
This gallery features photos from one mill redevelopment already complete, Rock Hill's Cotton Factory, and two projects just getting underway – Gastonia’s Loray Mill and Rock Hill’s old Bleachery site. While the Loray is Gastonia’s first mill redevelopment project, in Rock Hill a half-dozen former mill buildings have been revived with new uses. Click here to read more about the Gastonia and Rock Hill projects: “Two cities, two mills to be reborn
North Carolina's Miracle Half-Mile
From Business North Carolina
A walk down Stonewall Street in downtown Charlotte made me realize how much I take for granted in terms of Charlotte’s rapid growth. Fact is, the seven-block stretch along Stonewall Street between Bank of America Stadium and a dowdy county office building near McDowell Street probably contains the greatest amount of money invested simultaneously in adjacent commercial real estate in North Carolina history.
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