2018 ECONOMIC DEVELOPMENT REPORT - University City...University City Economic Development Report...
Transcript of 2018 ECONOMIC DEVELOPMENT REPORT - University City...University City Economic Development Report...
2018 ECONOMIC DEVELOPMENT REPORT
University City Economic Development ReportThis report highlights public and private development
projects in Charlo�e’s University City Municipal Service
District that are currently under construc�on or in various
stages of planning and development. This report also
provides major commercial real-estate transac�ons within
the University City MSD. The Transporta�on projects include
several that lie outside of the MSD such as the University City
sec�on of I-485 that are likely to have significant benefit to
our district and businesses.
“The University City submarket has become one of the strongest in Charlo�e throughout the last few years, and we’re pleased to see con�nued regional investment.” - Patrick Gildea, Execu�ve Vice President with CBRE Charlo�e Capital Markets
Derita Rd
Ridge Rd
Morehead Rd
The TraditionGolf Club
Paradise ValleyGolf Course
Mallard CreekCommunity Park
Highland CreekGolf Club
Clark’s CreekGreenway
Toby CreekGreenway
Reedy Creek Park
Kirk FarmFields
Community Park
UNC Charlotte
Cameron Blvd
Mallard CreekElementary School
Vance HighSchool
James MartinMiddle School
Nathanial AlexanderElementary School
John M. MoreheadSTEM Acadamy
CMSGovernor’s Village
Schools
Corvian CommunitySchool
University CityYMCA
Doby
Cre
ek G
reen
way
(fut
ure)
Mallard CreekGreenway
Toby CreekGreenway
Toby CreekGreenway
UNCC Fitness Trail
Barton CreekGreenway
Mallard CreekGreenway
Bear
d R
d
Future Bridge
Galloway Rd
University CityLibrary
To CharlotteMotor Speedway
P
To ConcordRegional Airport
To Charlotte DouglasInternational Airport
P
InnovationPark
UniversityResearch Park
P
UC Blvd Stationw/parking deck
JW Clay Stationw/parking deck
McCulloughStation
UNC Charlotte Stationw/parking deck
Tom Hunter Station
Old Concord Stationw/parking deck
Toby Creek Rd
IBM
Dr
IBM
Dr
Mallard Creek Church Rd
University City Blvd
University City Blvd
N Tryo
n St
N Tryon St
WT Harris Blvd
Unive
rsity
Exe
c Par
k Dr
McC
ullo
ugh
Dr
IKEA B
lvd
Brookside Ln
Old Mallard Creek Rd
Ben Craig Dr
Cliff C
amer
on D
r
Bill Ficklin Dr
JN Pease P
l
Med
ical
Pla
za D
r
Fl
at River Dr
Ov
erland Park Ln
Technology
Dr
Resea
rch
Dr
R
esearch Dr
Louis Rose Pl
Hewitt Associates Dr
Governor Hunt Rd
David Taylor Dr
David T ayl or D
r
Claude Fre
eman
Dr
Senator Royall Pl
Driw
ood Ct.
Andrew Carnegie Blvd
La
gran
ger R
d
JM Keynes Dr
JW C
lay B
lvd
Doug Mayes Pl
Glenwat
er D
r
Olm
sted Dr
Institute Cir
I-85 ConnectorSandy Ave
Rocky River Rd
Hampton Church Rd
Ken Hoffman Dr
E M
cCul
lough
Dr
John Kirk Dr
Mar
y Al
exan
der R
d
BroadrickBlvd
Suther Rd
Old
Con
cord
Rd
University Center Blvd
Collins-Aikman Dr
Cla
r k Blvd
Shopping Center Dr
Exit 42
Exit 43
Exit 45
Exit 46
Exit 32
Exit 48M
alla
rd C
reek
Rd
WT Harris Blvd
David Cox Rd
W Su
gar C
reek R
d
Gibbon Rd
Old
Sta
tesv
ille
Rd
Old Statesv
ille R
d
Hubbard Rd
Stat
esvi
lle R
d
Stat
esvi
lle R
d
Nevin
Rd
Mineral Springs Rd
N Gra
ham
St
W Sugar Creek Rd
Neal Rd
Sunset Rd
Cindy Ln
Hucks Rd
Johnston Oehler Rd
Prosperity Church Rd
Rock
y Rive
r Rd
Grier Rd
Rocky River Rd
Old
Conc
ord
Rd
Caldwell Rd
Back Creek Church Rd
Orr Rd
Eastfield
Rd
Highland Creek Pkwy
Concord Mills Blvd
Christen bury Rd
Inde
pend
ence
Hill
Rd
Cabarrus County
Mecklenburg County
Cabarrus County
Me
cklenburg Co un ty
Prosperity Church Rd
Ridge Rd
Eastfi
eld R
d
Tradition Rd
P
Salome Church Rd
W WT Harris Blvd
Alexander Rd
Colle
ge V
iew
Ln
Lewis St
University Pointe Dr
Huntersville
Caldwell
Davidson
Cornelius
Hopewell
MountainIsland
HighlandCreek
Charlotte
Harrisburg
Charlotte MotorSpeedway
Concord Mills
Mt HollySandburg Ave
00 Office
00 Residential/Multi Family
00 Institution
00 Hospitality
00 Retail
00 Transportation/Infrastructure
KEY
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Derita Rd
Ridge Rd
Morehead Rd
The TraditionGolf Club
Paradise ValleyGolf Course
Mallard CreekCommunity Park
Highland CreekGolf Club
Clark’s CreekGreenway
Toby CreekGreenway
Reedy Creek Park
Kirk FarmFields
Community Park
UNC Charlotte
Cameron Blvd
Mallard CreekElementary School
Vance HighSchool
James MartinMiddle School
Nathanial AlexanderElementary School
John M. MoreheadSTEM Acadamy
CMSGovernor’s Village
Schools
Corvian CommunitySchool
University CityYMCA
Doby
Cre
ek G
reen
way
(fut
ure)
Mallard CreekGreenway
Toby CreekGreenway
Toby CreekGreenway
UNCC Fitness Trail
Barton CreekGreenway
Mallard CreekGreenway
Bear
d R
d
Future Bridge
Galloway Rd
University CityLibrary
To CharlotteMotor Speedway
P
To ConcordRegional Airport
To Charlotte DouglasInternational Airport
P
InnovationPark
UniversityResearch Park
P
UC Blvd Stationw/parking deck
JW Clay Stationw/parking deck
McCulloughStation
UNC Charlotte Stationw/parking deck
Tom Hunter Station
Old Concord Stationw/parking deck
Toby Creek Rd
IBM
Dr
IBM
Dr
Mallard Creek Church Rd
University City Blvd
University City Blvd
N Tryo
n St
N Tryon St
WT Harris Blvd
Unive
rsity
Exe
c Par
k Dr
McC
ullo
ugh
Dr
IKEA B
lvd
Brookside Ln
Old Mallard Creek Rd
Ben Craig Dr
Cliff C
amer
on D
r
Bill Ficklin Dr
JN Pease P
l
Med
ical
Pla
za D
r
Fl
at River Dr
Ov
erland Park Ln
Technology
Dr
Resea
rch
Dr
R
esearch Dr
Louis Rose Pl
Hewitt Associates Dr
Governor Hunt Rd
David Taylor Dr
David T ayl or D
r
Claude Fre
eman
Dr
Senator Royall Pl
Driw
ood Ct.
Andrew Carnegie Blvd
La
gran
ger R
d
JM Keynes Dr
JW C
lay B
lvd
Doug Mayes Pl
Glenwat
er D
r
Olm
sted Dr
Institute Cir
I-85 ConnectorSandy Ave
Rocky River Rd
Hampton Church Rd
Ken Hoffman Dr
E M
cCul
lough
Dr
John Kirk Dr
Mar
y Al
exan
der R
d
BroadrickBlvd
Suther Rd
Old
Con
cord
Rd
University Center Blvd
Collins-Aikman Dr
Cla
r k Blvd
Shopping Center Dr
Exit 42
Exit 43
Exit 45
Exit 46
Exit 32
Exit 48M
alla
rd C
reek
Rd
WT Harris Blvd
David Cox Rd
W Su
gar C
reek R
d
Gibbon Rd
Old
Sta
tesv
ille
Rd
Old Statesv
ille R
d
Hubbard Rd
Stat
esvi
lle R
d
Stat
esvi
lle R
d
Nevin
Rd
Mineral Springs Rd
N Gra
ham
St
W Sugar Creek Rd
Neal Rd
Sunset Rd
Cindy Ln
Hucks Rd
Johnston Oehler Rd
Prosperity Church Rd
Rock
y Rive
r Rd
Grier Rd
Rocky River Rd
Old
Conc
ord
Rd
Caldwell Rd
Back Creek Church Rd
Orr Rd
Eastfield
Rd
Highland Creek Pkwy
Concord Mills Blvd
Christen bury Rd
Inde
pend
ence
Hill
Rd
Cabarrus County
Mecklenburg County
Cabarrus County
Me
cklenburg Co un ty
Prosperity Church Rd
Ridge Rd
Eastfi
eld R
d
Tradition Rd
P
Salome Church Rd
W WT Harris Blvd
Alexander Rd
Colle
ge V
iew
Ln
Lewis St
University Pointe Dr
Huntersville
Caldwell
Davidson
Cornelius
Hopewell
MountainIsland
HighlandCreek
Charlotte
Harrisburg
Charlotte MotorSpeedway
Concord Mills
Mt HollySandburg Ave
Property Sales00
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Table of Contents
OFFICE 1 - 11 1 10101 David Taylor Drive 10101 David Taylor Drive
2 Allstate - Phase II 7349 IBM Drive
3 Allstate 8209 IBM Drive
4 AON 7201 Hewitt Associates Drive
5 AREVA 7207 IBM Drive
6 AT&T University Research Park
7 AXA 8501 IBM Drive
8 BB&T Bank University City
9 Bellsouth Telecommunications 9139 Research Drive
10 Cambridge Corporate Center Parking Deck 10029 Claude Freeman Drive
111 Duke Energy University Research Park
12 Duke Energy University Research Park
13 Duke Energy Customer Service 9700 David Taylor Drive
14 Electric Power Research Institute 1200 W. WT Harris Boulevard
15 Electric Power Research Institute 1200 W. WT Harris Boulevard
16 Electrolux 10200 David Taylor Drive
17 Innovation Park IBM Drive
18 One Resource Square 10925 David Taylor Drive
19 One University Place 8801 JM Keynes Drive
20 Peak 10 10105 David Taylor Drive
21 Proximity Park 401 McCullough Drive
22 Rack Room Shoes - Off Broadway Shoes 8310 Technology Drive
23 Red Ventures 10101 Cambridge Corporate Center
24 Republic Services 10815 David Taylor Drive
25 Three Resource Square 10815 David Taylor Drive
26 TIAA 8300 Andrew Carnegie Boulevard
27 TTI Floor Care North America 8405 IBM Drive
28 TTI Parking Lot and Elevator Tower 8405 IBM Drive
29 University Executive Park 8307 University Executive Park Drive
30 Verbatim Americas 8210 University Executive Park Drive
31 Verizon Wireless UniversityResearch Park
32 Wells Fargo CIC 1525 W. WT Harris Boulevard
Table of Contents continued
RESIDENTIAL/MULTI FAMILY 12- 1340 Atapco Apartments 8310 University Executive Park Drive
41 Haven 49 9200 University City Boulevard
42 Novel Research Park 235 Senator Royall Drive
43 Oxford Gateway Apartments 7232 N. Tryon Street
44 Sovereign at Belgate 8075 IKEA Boulevard
45 University City Apartments at Tom Hunter 6919 N. Tryon Street
INSTITUTION 14 - 2750 Care Plus Medical Plaza 226 Brookside Lane
51 Carolina Digestive Health 8210 University Executive Park Drive
52 Carolinas HealthCare System Emergency Room 8800 N. Tryon Street
53 Carolinas HealthCare System Senior Care 101 E WT Harris Boulevard
54 CSL Plasma Donation Center 8404 N. Tryon Street
55 Prosperity Family Physicians 8430 University Executive Park Drive
56 Royal Dental Associates 8001 N. Tryon Street
57 University Hills Baptist Church 1500 Suther Road
58 University Medical Park Building 5000 101 E. WT Harris Boulevard
59 UNC Charlotte University City Boulevard
HOSPITALITY 28 - 2660 Fairfield Inn 535 Collins-Aikman Drive
61 Hampton Inn 8419 N. Tryon Street
62 Hilton Charlotte University Place 8629 JM Keynes Drive
63 Holiday Inn Express 6020 University Pointe Boulevard
64 Home2 Suites by Hilton 625 McCullough Drive
65 Hyatt Place 640 University Center Boulevard
RETAIL 30 - 36 70 Belgate Shopping Center 6937 University City Boulevard
71 Burlington Coat Factory 8325 IKEA Boulevard
72 Circle K 7040 S. Tryon Street
73 Circle K 7010 University City Boulevard
74 Culver’s Restaurant 7031 University City Boulevard
75 Extra Space Storage 7307 University City Boulevard
76 Fitness Connection 8709 JW Clay Boulevard
77 Gandhi International Grocery 9630 University City Boulevard
78 Goodwill 5808 University Pointe Boulevard
79 Jimmy John’s 10032 University City Boulevard
80 Mallard Creek Self-Storage 1325 W. Mallard Creek Church Road
81 MI Pueblo Mexican Grill 7003 University City Boulevard
82 Outback Steakhouse 8405 IKEA Boulevard
83 Parks Chevrolet 8530 IKEA Boulevard
84 Patel Brothers Grocery 8109 University City Boulevard
85 Pinnacle Point Self Storage 9323 Wright Hill Road
86 The Pointe at University Place 8944 JM Keynes Drive
87 Suvidha Charlotte 10008 University City Boulevard
88 TJ Maxx 8331 IKEA Boulevard
89 University Place Renovation 8709 JW Clay Boulevard
90 University Volvo 7716 N. Tryon Street
TRANSPORTATION & INFRASTRUCTURE 37 - 4470 Barton Creek Greenway
71 Blue Line Extension
72 Concord Mills Entrance Flyover
73 Cross Charlotte Trail
74 Doug Mayes Road - I-85 Overpass North Bridge
75 Eastern Circumferential Road - Phase I and II
76 Graham Street Extension - Mallard Creek Road Widening
77 John Kirk Drive Extension
78 LYNX JW Clay Parking Deck 9331 JW Clay Boulevard
79 LYNX University City Blvd Parking Deck N Tryon at Stetson
80 Mallard Creek Church Road Multi-Use Path
81 Mallard Creek Road - IBM Drive Connecting Road
82 Mallard Creek - Odell School - Derita Roads Widening - East
83 Mallard Creek Road Widening - West
84 Mary Alexander Storm Water Drainage Improvement Project
85 NECI - JW Clay Boulevard Streetscape
86 NECI - McCullough Drive Extension & Streetscape
87 NECI - Rocky River Road West Streetscape
88 North Tryon Street Bridge Replacement
89 Toby Creek Greenway - Phase II
90 University City Boulevard Extension
91 University Pointe Boulevard – I-85 Overpass South Bridge
92 West WT Harris Blvd - Westbound Lane Addition
Table of Contents continued
PROPERTY SALES 45 - 57 Grantor - Grantee Property Address 1 85 City Partners - CBW Lakestone 7100 MacFarlane Boulevard
2 1001 East WT - Town Center 1001 E. WT Harris Boulevard
3 8001 North Tryon - MMB Carolina 8001 N. Tryon Street
4 Aivone Investments - Mohr David Taylor 10330 David Taylor Drive
5 Arden Group - UCAM-1 MacFarlane Boulevard
6 BEC-Charlotte - Realty Income 1100 Chancellor Park Drive
7 Brown, Cole, Cope - University City Community 6925 N. Tryon Street
8 Cardinal Property - Haven Campus 9200 University City Boulevard
9 Chancellor & Chester - SC Hotel 850 Chancellor Park Drive
10 Charlotte University Hotel - Tyvola Hospitality 625 McCullough Drive
11 Charlotte University Park - HWW Charlotte 8515 University Executive Park Drive
12 Clarke Realty - Souder Properties 9711 David Taylor Drive
13 Coheritage Oake - Magnolia Terrace 8300 Paces Oaks Boulevard
14 Crescent University - ACC OP 8926, 9024, 9032 University City Boulevard
15 DDR Belgate - McCurdy Holdings 7031 University City Boulevard
16 First States - Pontus 8700 University Executive Park Drive
17 Four Resource - Four Resource Square 10735 David Taylor Drive
18 G&I V Resource - TDCA Resource 10715 David Taylor Drive
19 Gavi The Arbors - WF Arbors East Arbors Drive
20 Gerdes, Mason - MSCI 2006 401 McCullough Drive
21 Geer Land - National Retail 620 University Center Boulevard
222 HB Resource Square - TDCA Resource 10925 and 10926 David Taylor Drive
23 Key - OMILOS 8620 Research Drive
24 Kokenes Family - Duaykar 10008 University City Boulevard
25 LAT University - Hudson Capital 9201 Glenwater Drive
26 Lester Herlocker - MMC Storage 1325 W. Mallard Creek Church Road
27 Meck Pinacle - Lidl US 801 W. Mallard Creek Church Road
28 Monroe 2012 - Softech Holdings 1725 Marylynn Drive
29 MSCI 2006 - Tempus 401 McCullough Drive
30 NC Owner - HS Mallard Creek 8604 Cliff Cameron Drive
31 Pete A Gianikas - JJNC UCB 10032 University City Boulevard
32 PS Thornberry - Bel Thornberry 9920 Brickleberry Lane
33 SHRI Gopinath - Tryon 8525 8517 N. Tryon Street
Table of Contents continued
34 South Central Oil - Sam’s Investments 8016 N. Tryon Street
35 Speed Channel - Fox Sports 1220 W. WT Harris Boulevard
36 TR Vinoy - Bel Vinoy 8108 Vinoy Boulevard
37 USA Grande Promenade - FD Special Opps 230 E. WT Harris Boulevard
38 US Bank National - DB Triple 500 University Center Boulevard
APPENDIX 58 - 64 Economic Development Summary
Table of Contents continued
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Office
10101 David Taylor DriveLocation: 10101 David Taylor DriveUse: OfficeCost: $925,000Size: N/ACompletion Date: January 2018Developer/Owner: Simms DevelopmentDescription: Office space for AREVA relocation from Innovation Park
Allstate - Phase IILocation: 7349 IBM DriveUse: OfficeCost: $7,135,700Size: 120,000 Sq. Ft.Completion Date: Summer 2016Architect/Engineer: Polek Schwartz ArchitectsDeveloper/Owner: BECO SouthDescription: Interior upfit of space for the final phase of the new Allstate offices in Innovation Park.
AllstateLocation: 8209 IBM Drive Use: OfficeSize: N/ACost: $321,000Completion Date: Spring 2018Developer/Owner: BECO SouthDescription: Interior renovation.
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AONLocation: 7201 Hewitt Associates DriveUse: OfficeCost: $3,930,000Size: 218,000 Sq. Ft.Completion Date: Summer 2016Developer/Owner: BECO SouthDescription: First floor interior renovation.
AREVALocation: 7207 IBM DriveUse: OfficeCost: $1,215,000Size: N/ACompletion Date: September 2018Developer/Owner: BECO SouthDescription: Alteration of space for AREVA
AT&TUse: OfficeCost: $1,994,000Size: N/ACompletion Date: Summer 2018Architect/Engineer: Duffey SoutheastDeveloper/Owner: Bellsouth TelecommunicationsDescription: Equipment replacement and upgrades
Office
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Office
AXALocation: 8501 IBM DriveUse: OfficeCost: $4,157,500Size: N/ACompletion Date: Summer 2018Developer/Owner: BECO SouthDescription: Create new space for major expansion by AXA including addition of 500 employees.
BB&T BankUse: OfficeCost: $1,705,000Size: N/ACompletion Date: Spring 2018Description: Equipment replacement and upgrades
BellSouth TelecommunicationsLocation: University Research ParkUse: OfficeCost: $3,241,000Size: N/ACompletion Date: Summer 2016Architect/Engineer: Duffey Southeast Inc.Developer/Owner: Cellco PartnershipDescription: Replace existing equipment.
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Cambridge Corporate Center Parking DeckLocation: 10029 Claude Freeman DriveUse: OfficeSize: 154,940 Sq. Ft Cost: $4,200,000Completion Date: June 2016Architect/Engineer: ESD AssociatesDeveloper/Owner: Origin CapitalDescription: Construction of a new 2-level 475 space parking deck for office tenants in Cambridge Corporate Center in the University Research Park.
Duke EnergyUse: OfficeAcres: 94.0Size: 163,666 Sq. Ft.Cost: $72,983,500Completion Date: Fall 2017Architect/Engineer: Gensler / StewartDeveloper/Owner: Duke EnergyDescription: Construction of the new building will be complete in 2017.
Duke EnergyUse: OfficeAcres: 6.226Size: 31,792 Sq. Ft.Cost: $11,299,700Completion Date: February 2019Architect/Engineer: Little / StewartDeveloper/Owner: Duke EnergyDescription: Construction of the new building will be complete in 2019.
Office
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Duke Energy Customer Service CenterLocation: 9700 David Taylor DriveUse: OfficeCost: $16,082,600Size: 40,000 Sq. Ft.Completion Date: Fall 2017Architect/Engineer: Brasfield and Gorrie LLCDeveloper/Owner: Duke EnergyDescription: Replace generator; renovate existing building; add 40,000 sq. ft. addition.
Electric Power Research InstituteLocation: 1200 W WT Harris BoulevardUse: OfficeCost: $1,524,700Size: 15,000Construction Date: January 2017Completion Date: 2017Architect/Engineer: Myers & Chapmanc. Developer/Owner: Electric Power Research InstituteDescription: EPRI bought the 108,000 sf building in 2011 and at the time said it planned to expand its laboratory space by 15,000 sq. ft. and provide space for local workforce growth over the next five years. The building also provides conference and meeting space to support EPRI’s collaborative research and development programs.
Electric Power Research InstituteLocation: 1200 and 1300 W. WT Harris BoulevardUse: OfficeCost: $1,879,300Size: N/ACompletion Date: Spring 2018Architect/Engineer: Myers & ChapmanDeveloper/Owner: Electric Power Research InstituteDescription: Expand and renovate building at 1200 W. WT Harris Blvd. and add salt fog addition to 1300 W. WT Harris Blvd.
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ElectroluxLocation: 10200 David Taylor DriveUse: OfficeCost: $1,437,300Size: N/ACompletion Date: Spring 2018Developer/Owner: Electrolux North AmericaDescription: Total of four building permits for headquarters renovations and product rooms.
Innovation ParkLocation: IBM DriveUse: OfficeCost: $1,749,500Size: N/ACompletion Date: Summer 2018Developer/Owner: BECO SouthDescription: Multiple projects for interior demolition, restrooms and other changes.
One Resource SquareLocation: 10925 David Taylor DriveUse: OfficeCost: $1,150,000Size: UnavailableCompletion Date: Winter 2018Developer/Owner: The Dilweg CompaniesDescription: Office renovations for IBM
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Office
One University PlaceLocation: 8801 JM Keynes DriveUse: OfficeSize: N/AAcres: 9.22 Cost: $1,193,000Completion Date: Fall 2016Architect/Engineer: N/AOwner/developer: Origin-OUP LLCDescription: Renovations to lobby, elevators and parking lot were made by Origin Capital Partners, which bought the four-story lakeside office building at University Place in 2015 for $6.7 million.
Peak 10Location: 10105 David Taylor DriveUse: OfficeSize: 6,000 Sq. Ft.Cost: $925,000Completion Date: Fall 2016Developer/Owner: Peak 10 Data Center SolutionsDescription: Addition to data center space to meet demand for high-touch customer service and reliable colocation, cloud services and managed services solutions.
Proximity ParkLocation: 401 McCullough DriveUse: OfficeCost: $880,000Size: 200,000 Sq. Ft.Completion Date: Fall 2018Developer/Owner: Tempus 401 McCullough Drive LLCDescription: Phase I interior demolition of three-story former Allstate office building. Current building is 199,571 sq. ft., expandable to 280,000 on 32 acress fronting I-85 and a 7 minute walk to McCullough Drive LYNX light rail station.
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Office
Rack Room Shoes - Off Broadway ShoesLocation: 8310 Technology DriveUse: OfficeSize: 73,161 Sq. Ft 16.6 acresStories: 2.5 storiesCost: $16,000,000Completion Date: Fall 2017Architect/Engineer: Bulla Smith DesignDeveloper/Owner: Rack Room ShoesDescription: Construction of second office building and connecting lobby area. New office building will mirror existing one and house national headquarters of Off Broadway Shoes. The existing lot will expand to accommodate a total of 350 vehicles with a new service/delivery area.
Red VenturesLocation: 10101 Claude Freeman DriveUse: OfficeSize: 97,599 Sq. Ft.Cost: $4,000,000Completion Date: Summer 2016Developer/Owner: Origin Capital / Stream RealtyDescription: Tenant upfit at Cambridge Corporate Center for Red Ventures, which is rapidly expanding its presence in University Research Park.
Republic ServicesLocation: 10815 David Taylor DriveUse: OfficeSize: 82,375 Sq. Ft. Cost: $4,103,000Completion Date: Fall 2016Developer/Owner: WBCMTDescription: Company received One NC Fund incentive grant of $216,000 creating more than 350 jobs and invest more than $6.8 million at Three Resource Square over three years.
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Three Resource SquareLocation: 10815 David Taylor DriveUse: OfficeCost: $707,000Size: N/ACompletion Date: Fall 2018Architect/Engineer: Harker Doerre LLC & Barringer ConstructionDeveloper/Owner: Torchlight Loan Services LLCDescription: Upfits for ALS Resolvion and Republic Services
TIAALocation: 8300 Andrew Carnegie BlvdUse: OfficeSize: 31,792 Sq. Ft.Cost: $557,000Completion Date: Summer 2016Architect/Engineer: Banks Engineering, PLLCDeveloper/Owner: TIAA-CREFDescription: Renovated coffee bar and break room.
TTI Floor Care North AmericaLocation: 8405 IBM DriveUse: OfficeSize: 61,390 Sq. Ft.Cost: $6,711,400Completion Date: April 2016Architect/Engineer: Red Line Design GroupDeveloper/Owner: BECO SouthDescription: Interior upfit of existing space in Innovation Park. The newly renovated space will hold over 200 employees with conference and break rooms. TTI Floor Care North America is building its Center of Excellence in Marketing and Innovation for their three iconic floor care brands: Hoover, Dirt Devil and Oreck.
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Office
73TTI Parking Lot and Elevator TowerLocation: 8405 IBM DriveUse: OfficeSize: 3 AcresCost: $1,400,000Completion Date: June 2016Architect/Engineer: Red Line Design Group / LandDesignDeveloper/Owner: BECO SouthDescription: Construction of a new 500 space parking lot and elevator tower for TTI.
University Executive ParkLocation: University Executive Park DriveUse: OfficeSize: N/ACost: $918,000Start date: Jan. 25, 2017Completion date: Summer 2018Developer / Owner: AtapcoDescription: Multiple upfits and renovations for Spatco Energy Solutions, EMH&T, Regus, OrthoCare Orthodontics and Anderson Family Chiropractic
Verbatim AmericasLocation: 8210 University Executive Park DriveUse: OfficeSize: 21,634 Sq. Ft.Cost: $469,000Completion Date: Fall 2016Architect/Engineer: N/ADeveloper/Owner: ATAPCODescription: Relocation to University Executive Park after moving out of its longtime building at 1200 W. WT Harris Blvd.
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Verizon WirelessLocation: University Research ParkUse: OfficeSize: 6,446 Sq. Ft.Cost: $1,081,200Completion Date: Summer 2018Developer/Owner: Cellco PartnershipDescription: Building and parking improvements; new equipment.
Wells Fargo CICLocation: 1525 W. WT Harris BoulevardUse: OfficeCost: $4,890,800Completion Date: Summer 2018 Architect/Engineer: N/ADeveloper/Owner: Wells FargoDescription: Various upfts and repairs.
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Residential/Multi Family
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Atapco ApartmentsLocation: 8310 University Executive Park DriveUse: Residential/Multi FamilyAcres: 3.853 Units: 280Size: 200,212 Sq. Ft.Cost: $50,000,000Completion Date: Spring 2019Architect/Engineer: JDavis Architects/Kimley-Horn & AssociatesDeveloper/Owner: Construction of a new 280 unit apartment community adjacent to the McCullough transit station. The plan is for a 5-story building with structured parking. Street-level shops and other commercial use will take 5,000+ sq. ft. of spae facing North Tryon Street.
Haven 49Location: 9200 University City Blvd.Use: Residential/Multi FamilyAcres: 7.455 Units: 332Size: 478,337 Sq. Ft.Cost: $47,779,200Start date: January 2017Completion date: Mid-2018Developer/Owner: Haven Campus CommunitiesDescription: 887-bed, 332-unit four-story apartments with 261,108 sq. ft. structured parking
Novel Research ParkLocation: 235 Senator Royall DriveUse: Residential/Multi FamilyAcres: 20.1 Units: 280Size: N/ACost: $32,000,000Completion Date: Summer 2019Architect/Engineer: Cline Design AssociatesDeveloper/Owner: Construction of a new 280 unit apartment community in University Research park. Part of Village at Research Park, 63 acre mixed use development with plans for retail, office, and hotel.
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Residential/Multi Family
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Oxford Gateway Apartments Location: 7232 N. Tryon StreetUse: MultifamilyAcres: 14.676 Units: 332Size: N/ACost: $874,350Start date: Nov. 20, 2017Completion date: Winter 2019Architect/Engineer: Oxford PropertiesDeveloper/Owner: Oxford PropertiesDescription: Oxford properties is planning 302 apartment units in four-story buildings and 18 rental townhouses in three-story buildings.
Sovereign at BelgateLocation: 8075 IKEA BoulevardUse: Residential/Multi FamilyAcres: 25.35 Units: 266Size: 524,500 Sq. Ft.Cost: $28,321,100Completion Date: Summer 2017Architect/Engineer: GLA / Kimley Horn and Assoc.Developer/Owner: Davis DevelopmentDescription: Construction of a new 266 unit apartment community as part of Belgate’s mixed-use development.
University City Apartments at Tom HunterLocation: 6919 N. Tryon StreetUse: Residential/Multi FamilyAcres: 15.3 Units: 376Size: 200,212 Sq. Ft.Cost: $32,200,000Completion Date: Spring 2017Architect/Engineer: IBB+M Architecture/Osborne EngineeringDeveloper/Owner: University City Community LLCDescription: Construction of a new 376 unit apartment community adjacent to the University City Blvd transit station.
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Care Plus Medical PlazaLocation: 226 Brookside LaneUse: MedicalSize: 12,632 Sq. Ft.Completion Date: Spring 2019Cost: $1,275,000Architect/Engineer: Childrey Robinson AssociatesDeveloper/Owner: UIC ConsultingDescription: Construction of new medical offices on 1.3 acres: urgent-care facility plus six additional spaces of 1,205 to 1,245 sq. ft. each.
Carolina Digestive HealthLocation: 8210 University Executive Park Drive 100Use: MedicalSize: 6,280 Sq. Ft.Cost: $568,600Start Date: March 17, 2017Completion Date: Spring 2018Architect/Engineer: HarkerDoerreDeveloper/Owner: AtapcoDescription: Medical office upfit
Carolinas HealthCare System Emergency Room Location: 8800 N. Tryon StreetUse: MedicalSize: N/A Completion Date: Summer 2018Cost: $1,272,200Description: Renovations of the busiest emergency room in Carolinas Healthcare System.
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Carolinas HealthCare System Senior Care Location: 101 E WT Harris Blvd., Suite 1110A Use: MedicalSize: 4,630 Sq. Ft.Completion Date: UnknownCost: $534,000Architect/Engineer: N/ADescription: Facility relocation from Building 5000 to Building 1000. Carolinas HealthCare System’s Senior Care Memory Clinic is located here.
CSL Plasma Donation Center Location: 8404 N. Tryon St.Use: MedicalSize: 15,417 Sq. Ft.Cost: $1,655,200Completion Date: Summer 2018Developer/Owner: Peak propertiesDescription: Upfit building for new plasma donation center
Prosperity Family Physicians Location: 8430 University Executive Park DriveUse: MedicalSize: 7,094 Sq. Ft.Cost: $790,000Completion Date: Spring 2018Developer/Owner: Atapco PropertiesDescription: Medical office upfit
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Royal Dental AssociatesLocation: 8001 N. Tryon St. Use: OfficeCost: $568,500Size: UnavailableStart Date: January 2017Completion Date: Summer 2018Architect/Engineer: Jim Rogers and AssociatesDeveloper/Owner: MMB Carolinas, LLCDescription: Upfit for dental offices
University Hills Baptist Church Location: 1500 Suther RoadUse: ChurchSize: 8,808 Sq. Ft.Completion Date: Summer 2016Cost: $2,925,000Architect/Engineer: Shultz Engineering GroupDeveloper/Owner: University Hills Paptist Church Description: Construction of a new multipurpose building.
University Medical Park Building 5000 Location: 101 E. WT Harris BlvdUse: MedicalSize: N/ACost: $5,722,100Completion Date: Summer 2018Developer/Owner: HR of CarolinasDescription: Structural reinforcement of Building 5000 and building expansion.
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Academic Complex RenovationsStatus: Construction PhaseConstruction Start: December 2016Completion Date: February 2019Cost: $21,000,000Architect/Engineer: Woolpert North Carolina, PLLCDescription: Architectural upgrades for all levels of the five-building complex (Denny, Barnard, Garinger, Macy and Winningham) including flooring, suspended acoustical ceilings, restrooms, replacement windows and ADA compliance issues. Also making upgrades to mechanical, electrical and plumbing systems. Work to be done in phases.
Admissions and Visitors CenterStatus: Design PhaseConstruction Start: January 2018 Completion Date: February 2019Cost: $8,000,000Architect/Engineer: Watson Tate Savory ArchitectsDescription: Building of about 18,000 sq. ft. in the South Village area along University City Blvd. to welcome prospective students and their families to campus. Building will house undergraduate admissions offices and provide starting point for campus orientation and tours.
Baseball Indoor Training FacilityStatus: DesignConstruction Start: February 2018Completion Date: August 2018Cost: $850,000Architect/Engineer: Architecture UnlimitedDescription: Facility to be inside Hayes Baseball Stadium and include three batting cages and warmup area.
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InstitutionUNC Charlotte 59Belk Gym Renovation Status: CompleteConstruction Start: May 2014Completion Date: January 2016Cost: $17,514,000Architect/Engineer: C Design Inc.Description: Renovation of the 124,000 sq. ft., five-floor facility includes upgraded HVAC and pool ventilation system, improved teaching/faculty spaces, improved accessibility and improvements to the swimming pool area.
Belk Plaza Revitalization Status: Construction PhaseConstruction Start: January 2018Completion Date: June 2018Cost: $3,000,000Architect/Engineer: McAdamsDescription: University will redesign the 50,000 sq. ft. plaza, previously the site of Belk Tower, to create a dynamic outside environment for rest, study, reflection and conversation.
Burson Science Building RenovationsStatus: Construction PhaseConstruction Start: August 2016Completion Date: January 2018Cost: $13,243,000Architect/Engineer: Clark-Nexsen Architecture & EngineeringDescription: Renovate the 85,000 sq. ft. building with building layout improvements, lab upgrades and modifications to HVAC, roof systems and lighting. Note: Voters approved a $2 billion statewide bond issue in 2016 including $90 million to replace the Burson Science Building with a new state-of-the-art science building.
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InstitutionUNC Charlotte continued59 Campus Circulation ImprovementsStatus: Construction PhaseConstruction Start: August 2017Completion Date: January 2018Cost: $1,000,000Architect/Engineer: Cole Jenest & StoneDescription: Improve areas near main campus LYNX station and JW Clay Blvd Station to accommodate increased and changed pedestrian and vehicular movement once light-rail service starts in August 2017. Project will include improved and new sidewalks, bus and taxi pull-offs, and wayfaring signage.
Campus Enhancement - CRI EntranceStatus: Design PhaseConstruction Start: February 2018Completion Date: May 2018Cost: $2,500,000Architect/Engineer: Cole Jenest & StoneDescription: Enhance the CRI entrance to campus from North Tryon Street with grading improvements, landscaping, seat walls, utilities and paving in coordination with new CATS light-rail line and widening of North Tryon Street.
Campus Enhancement - East Entrance ReconfigurationStatus: Design PhaseConstruction Start: March 2019Completion Date: May 2020Cost: $5,536,800Architect/Engineer: Kimley Horn & AssociatesDescription: Reconfigure East Campus entrance to include signalized intersection at Cameron Boulevard and John Kirk Road. Also, complete improvements to Martin Village Road.
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InstitutionUNC Charlotte continued 59Campus Enhancement - Storm Water Improvements (Davis Lake)Status: Construction PhaseConstruction Start: August 2017Completion Date: January 2018Cost: $700,000Architect/Engineer: Dewberry EngineeringDescription: Convert Davis Lake pond to stormwater management wet pond.
Campus Storm Water Improvements (Toby Creek)Status: Planning/Permitting/Design phaseConstruction Start: August 2018Completion Date: August 2019Cost: $850,000Architect/Engineer: NADescription: Restore 1.5 miles of Toby Creek stream banks to more natural state to reduce erosion and sediment reaching Yadkin River.
Career Center RenovationStatus: DesignConstruction Start: September 2018Completion Date: March 2019Cost: $2,000,000Architect/Engineer: Little DiversifiedDescription: Double the size of the existing career center, located in Atkins Library. Project will include main lobby/reception area, offices, conference room, collaborative meeting spaces, employer interview rooms, break room and support areas.
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InstitutionUNC Charlotte continued59 Cone Center HVAC ModernizationStatus: Construction PhaseConstruction Start: November 2017Completion Date: February 2018Cost: $1,700,000Architect/Engineer: Designers - McCracken & LopezDescription: Replace 43-year-old HVAC system
East Village UtilitiesStatus: ConstructionConstruction Start: November 2016Completion Date: Early 2018Cost: $2,100,000Architect/Engineer: McGill AssociatesDescription: Upgrade water, electrical and telecom lines, make road improvements, plus continue improvements to Wi-Fi and cellular connectivity.
Elm, Maple, Pine Residence Halls Renovations Status: Construction PhaseConstruction Start: May 2016Completion Date: December 2017Cost: $18,550,000Architect/Engineer: KSQ ArchitectsDescription: Renovation for Phase V (Elm, Maple, Pine) residence halls consisting of 252 beds. Update mechanical, plumbing, information technology and modernize the interiors. Replace exterior windows and roof and make ADA modifications.
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InstitutionUNC Charlotte continued 59Facility Operations, Parking Services, Receiving & StoresStatus: Construction PhaseConstruction Start: August 2017Completion Date: July 2018Cost: $23,298,000Architect/Engineer: LS3PDescription: Replace Facilities Operations building which is being torn down to make room for new science building. Also adding Receiving & Stores facility, three storage sheds, metal canopy, and Parking Services building.
Health and Wellness CenterStatus: Construction PhaseConstruction Start: July 2017Completion Date: July 2019Cost: $66,000,000Architect/Engineer: Jenkins-Peer ArchitectsDescription: New 160,000 sf building near student union will have aerobic and weight training rooms, group fitness spaces, multipurpose courts, recreational aquatic facilities, meeting space and offices.
Infrastructure - Campus WiFi Upgrades Phase IIStatus: CompleteConstruction Start: February 2017Completion Date: December 2017Cost: $3,000,000Architect/Engineer: Clark NexsenDescription: Make telecom cabling upgrades to Burson, Cameron, Colvard South, Fretwell, Friday, King and Smith Buildings.
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InstitutionUNC Charlotte continued59 Infrastructure - Elevator UpgradesStatus: CompleteConstruction Start: January 2016Completion Date: February 2017Cost: $3,500,000Architect/Engineer: RDK EngineeringDescription: This project will consist of the modernization of elevators in Friday, Colvard, Atkins, King, Smith, Barnard, Garinger, Kennedy, Cameron, and Cone buildings as well as enlargement of the Cone South elevator. Several elevator upgrades will require abatement of asbesto.
Infrastructure - John Kirk Drive RealignmentStatus: DesignCost: $6,173,500Architect/Engineer: TBDConstruction start: Spring 2019Finish: May 2020Current progress: Design phaseDescription: Project will realign John Kirk Drive and Cameron Blvd on and adjacent to the UNC Charlotte campus near Highway 49 and includes a new signalized intersection at the East Entrance into campus, including new landscaped center medians, sidewalks, landscaping, and pedestrian lighting.
Infrastructure - Parking Lot 8 ExpansionStatus: Design Construction Start: April 2018Completion Date: July 2018Cost: $475,000Architect/Engineer: McAdamsDescription: Lot 8 expansion will provide additional parking for South Village as well as future Admissions and Welcome Center.
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InstitutionUNC Charlotte continued 59Infrastructure - Reclaimed Water ProjectStatus: DesignConstruction Start: March 2019Completion Date: July 2019Cost: $2,100,000Architect/Engineer: AECOM ServicesDescription: Project with Charlotte Water to bring reclaimed water (treated but not potable) from Mallard Creek treatment plant to campus for use in chillers and boilers at significant cost savings over 30-year service agreement.
Infrastructure - South Entrance IntersectionImprovementsStatus: CompleteConstruction Start: Fall 2015Completion Date: December 2016Cost: $2,600,000Architect/Engineer: Kimley Horn & AssociatesDescription: Widen Cameron Blvd from Chancellor’s Place to Alumni Way and add bike lanes, curb and gutter, and storm-water improvements. The project will also coordinate with NC and Charlotte transportation departments on project to improve Cameron Blvd intersection with University City Blvd.
Infrastructure - West Substation Status: DesignConstruction Start: September 2018Completion Date: January 2019Cost: $6,500,000Architect/Engineer: McKim & CreedDescription: Add second electrical substation for west side of campus.
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InstitutionUNC Charlotte continued59 Residence Dining Hall RenovationStatus: CompleteConstruction Start: June 2016Completion Date: December 2017Cost: $10,330,000Architect/Engineer: Jenkins-Peer ArchitectsDescription: Complete renovation of 1970 building to convert it into offices for Housing and Residence Life, plus a catering kitchen to serve campus functions. Project calls for replacing mechanical, electrical and plumbing systems, aesthetic improvements, and conversion to offices and catering facility.
Residence Hall Phase XVIStatus: PlanningConstruction Start: August 2019Completion Date: October 2020Cost: $58,500,000Architect/Engineer: KWK ArchitectsDescription: Demolish Sanford and Moore residence halls and build new residence hall with 750-800 beds in a two-phase construction and demolition schedule over two years. Complex will be designed and built to LEED or Green Globes elements.
Science BuildingStatus: Design PhaseConstruction Start: September 2018Completion Date: Fall 2020Cost: $101,000,000Architect/Engineer: Clark-Nexsen/R. G. VanderweilDescription: New facility will integrate undergraduate instructional labs, research labs, faculty offices, graduate student work space and collaboration space for chemistry, biology and physics.
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InstitutionUNC Charlotte continued 59Scott Hall RenovationStatus: Construction PhaseConstruction Start: May 2017Completion Date: July 2018Cost: $21,900,000Architect/Engineer: KSQ Architects PC dba KSQ/PetersonDescription: Renovate 12-story residence hall built in 1969, similar to recently completed renovation of nearby Holshouser Hall: installation of new elevators, new mechanical and electrical systems, full window and roof replacement, brick clad façade on the exterior of the building and possible redesign of the individual suites.
Softball Indoor Training FacilityStatus: DesignConstruction Start: March 2018Completion Date: September 2018Cost: $650,000Architect/Engineer: McMillan Pazdan Smith ArchitectureDescription: Indoor training facility near softball field will include four batting lanes and storage area.
Student Activity Center IT UpgradeStatus: DesignConstruction Start: July 2018Completion Date: September 2018Cost: $1,800,000Architect/Engineer: Clark-NexsenDescription: IT upgrades to Barnhardt Student Activity Center - Halton Arena and Miltimore-Wallis Center.
Student Counseling CenterStatus: CompleteConstruction Start: Fall 2016Completion Date: September 2017Cost: $4,000,000Architect/Engineer: EYP Architecture & EngineeringDescription: New 10,000 sq. ft. building beside the Student Health Center will house clinical and wellness services for students. Counseling center currently housed in Atkins Library.
Sycamore Hall RenovationStatus: Construction PhaseConstruction Start: January 2018Completion Date: November 2018Cost: $3,900,000Architect/Engineer: Morris Berg ArchitectsDescription: Repurpose 1981 student housing into offices, plus replace mechanical, electrical and plumbing services and roof.
Union Deck ExpansionStatus: Construction PhaseConstruction Start: June 2017Completion Date: May 2018Cost: $14,500,000Architect/Engineer: UnknownDescription: Add 600-700 parking spaces to west end of deck.
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Hospitality
Fairfield InnLocation: 535 Collins-Aikman DriveCost: $8,000,000Start Date: Spring 2016Completion Date: Winter 2017Architect/Engineer: 161 ArchitectureDeveloper/Owner: HK PatelDescription: First phase of construction will include a new 104 room hotel with surface parking. Additional phases will include office, limited retail, possibly some residential, and conference spaces.
Hampton InnLocation: 8419 N. Tryon StreetCost: $967,000Start Date: July 2016Completion Date: Fall 2016Architect/Engineer: N/ADeveloper/Owner: 8419 N. Tryon Charlotte LLCDescription: Renovation of rooms.
Hilton - Charlotte University PlaceLocation: 8629 J M Keynes DriveSize: 275,000 Sq. Ft. Cost: $8,000,000Start Date: Winter 2013Completion Date: Summer 2016Architect/Engineer: F&M Services, Mark SchoenDeveloper/Owner: UPH Lakeside, LPDescription: This multi-phased hotel renovation will include sleeping rooms, interior corridors, meeting space, lobby, restaurant/lounge.
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Holiday Inn ExpressLocation: 6020 University Pointe BlvdCost: $6,942,000Size: 63,002 Sq. Ft.Start Date: February 2016Completion Date: Spring 2017Architect/Engineer: Palmetto Design Associates Developer/Owner: Eastern Hospitality, Inc.Description: New construction of hotel with 104 rooms on 8.725 acres at IKEA Boulevard and University Pointe Boulevard spaces.
Home2 Suites by HiltonLocation: 625 McCullough DriveSize: 74,380 Sq. Ft.Cost: $8,272,000Start Date: Spring 2015Completion Date: April 2016Architect/Engineer: N/A Developer/Owner: C.N. HotelsDescription: Construction of new 5 -story hotel with 105 guest rooms and lobby.
Hyatt PlaceLocation: 640 University Center BoulevardSize: 81,068 Sq. Ft.Cost: $16,150,000Start Date: Fall 2016Completion Date: Summer 2017Architect/Engineer: R4 Architect / Isaacs Group Developer/Owner: Sam FowlerDescription: New Construction of an 8-story 123 room hotel. Amenities include a rooftop meeting room and 380 parking spaces.
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Retail
Belgate Shopping CenterLocation: 6937 University City Blvd. Use: RetailSize: 15,760 Sq. Ft.Cost: $2,345,600Completion Date: Spring 2018Developer/Owner: DDR Belgate, LLCDescription: Two new retail buildings and tenant upfits for AT&T, Chipotle Mexican Grill, and Starbucks
Burlington Coat FactoryLocation: 8325 IKEA Boulevard Use: RetailSize: 50,571 Sq. Ft.Cost: $2,607,600 Completion Date: Fall 2016Architect/Engineer: Beacham Buncet & ManleyDeveloper/Owner: DDR BelgateDescription: Burlington Coat Factory built a new store near IKEA and University City Boulevard in the Belgate mixed-use center.
Circle KLocation: 7040 N. Tryon StreetUse: RetailSize: 4,618 Sq. Ft.Cost: $930,700Completion Date: June 2016Architect/Engineer: Chris Hope EngineeringDeveloper/Owner: Circle K Stores, Inc.Description: Circle K opened a new gas and convenience store on the northeast corner of North Tryon Street and Sandy Avenue, near the I-85 interchange.
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Circle KLocation: 7010 University City BoulevardUse: RetailSize: 5,926 Sq. Ft.Cost: $833,000Completion Date: June 2016Architect/Engineer: Chris Hope EngineeringDeveloper/Owner: Circle K Stores, Inc.Description: Circle K opened a new convenience store on the southwest corner of University City Boulevard and I-85 interchange.
Culver’s RestaurantLocation: 7031 University City Blvd Use: RestaurantSize: 4,554 Sq. Ft.Cost: $999,000 Completion Date: Fall 2016Architect/Engineer: N/ADeveloper/Owner: Dan & Michelle McCurdyDescription: Construction of a new restaurant near IKEA in the Belgate Shopping Center.
Extra Space StorageLocation: 7307 University City BlvdUse: Retail/BusinessSize: 107,527 Sq. Ft.Completion Date: April 2016Cost: $7,383,700Architect/Engineer: Cothran Harris Developer/Owner: Taylor/Theus Holdings Inc.Description: Construction of Self-storage facility on University City Boulevard at North Tryon Street.
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Fitness ConnectionLocation: 8709 JW Clay BoulevardUse: RetailSize: 60,419 Sq. Ft.Cost: $2,700,000Completion Date: April 2016Architect/Engineer: Fryday & DoyneDeveloper/Owner: Aaron LiebermanDescription: Fitness Connection built a new fitness center in the former WalMart building at University Place.
Gandhi International GroceryLocation: 9630 University City BoulevardUse: RetailSize: 2,400 Sq. Ft.Completion Date: June 2016Cost: $562,000Architect/Engineer: Stocker Associates Developer/Owner: SKH, LLCDescription: Gandhi International Market is doubling its space at University Center, near UNC Charlotte.
GoodwillLocation: 5808 University Pointe BoulevardUse: RetailSize: 12,993 Sq. Ft.Completion Date: February 2016Cost: $1,113,900Architect/Engineer: Holland & Hamrick Developer/Owner: Piedmont Companies, IncDescription: Construction of a new Goodwill retail store on University Pointe Blvd near WalMart.
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Jimmy John’sLocation: 10032 University City Blvd.Use: RestaurantSize: 3,028 Sq. Ft.Completion Date: Summer 2017Cost: $760,000Architect/Engineer: AC Lynn Homes LLC Developer/Owner: JJNC USB LLCDescription: Construction of a new small retail building with Jimmy John’s restaurant and additional retail space.
Mallard Creek Self-StorageLocation: 1325 W. Mallard Creek Church RoadUse: RestaurantSize: 107,000 Sq. Ft.Completion Date: Summer 2018Cost: $5,136,800Architect/Engineer: Randolph C. Henning, ArchitectDeveloper/Owner: MCC Storage AssociatesDescription: Site will have two 3-story buildings. Rezoning from residential to Distributive Business, conditional, was approved in March 2016.
MI Pueblo Mexican GrillLocation: 7003 University City Blvd. Use: RestaurantSize: 9,018 Sq. Ft.Cost: $2,256,800Completion Date: Spring 2018Architect/Engineer: N/ADeveloper/Owner: MI Pueblo, Inc.Description: Stand-alone restaurant building and upfit.
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Outback SteakhouseLocation: 8405 IKEA Blvd. Use: RestaurantSize: 6,550 Sq. Ft.Cost: $1,475,000Completion Date: November 2017Architect/Engineer: N/ADeveloper/Owner: DDR Belgate, LLCDescription: New restaurant
Parks ChevroletLocation: 8530 IKEA Blvd.Use: RetailSize: 7,007 Sq. Ft.Completion Date: Summer 2017Cost: $7,325,400Architect/Engineer: Stitch Design + DevelopmentDeveloper/Owner: UCAM-1 LLCDescription: New car dealership on 8.06 acres. Cost estimate is from building permits for footings, foundation, shell, core upfit and retaining wall.
Patel Brothers Indian GroceryLocation: 8109 University City Blvd.Use: GrocerySize: UnknownCost: $623,100Completion Date: April 2018Developer/Owner: Brixmor RetailDescription: National grocery chain with about 50 stores has opened its second Charlotte store at The Commons at Chancellor Park.
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Pinnacle Point Self StorageLocation: 9323 Wright Hill RoadUse: RetailSize: 130,100 Sq. Ft.Completion Date: Summer 2016Cost: $566,000Architect/Engineer: OEG EngineeringDeveloper/Owner: Mallard Creek Store N. 2 & 3 LLCDescription: Three buildings in the Pinnacle Point mixed-use development on Mallard Creek Church Road that are part of a total development can have up to 130,000 sq. ft. of self-storage buildings, including one large air-conditioned building
The Pointe at University PlaceLocation: 8944 JM Keynes DriveUse: RetailSize: 28,368 Sq. Ft.Completion Date: Fall 2017Cost: $3,230,600Architect/Engineer: UnknownDeveloper/Owner: Casto Southeast RealtyDescription: Construction of 4 retail shells and associated work for new retail center directly across JW Clay Boulevard from the LYNX light-rail station and parking deck.
Suvidha CharlotteLocation: 10008 University City Blvd Use: RetailSize: 11,400 Sq. Ft.Cost: $976,800Completion Date: Summer 2018Developer/Owner: Nitin PatelDescription: Create retail grocery in former Gus’s Original 49er restaurant building.
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TJ MaxxLocation: 8331 IKEA BlvdUse: RetailSize: 21,547 Sq. Ft.Completion Date: April 2016Cost: $2,429,400Architect/Engineer: Beacham Buncet & Manley Developer/Owner: DDR Belgate LLCDescription: T.J. Maxx opened a new department store near IKEA and University City boulevards in the Belgate mixed-use center.
University Place RenovationLocation: 8709 JW Clay BoulevardUse: RetailSize: 20,862 Sq. Ft.Completion Date: May 2016Cost: $1,047,400Architect/Engineer: Myers & Chapman Developer/Owner: UP Retail, LLPDescription: Former WalMart building at University Place is being renovated and expanded for retail use.
University VolvoLocation: 7716 N. Tryon StreetUse: RetailSize: N/ACompletion Date: Summer 2018Cost: $1,606,000Architect/Engineer: D3 Studio Developer/Owner: University VolvoDescription: Addtion and renovation main building including customer waiting area and other features.
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Barton Creek GreenwayCost: $1,200,000Funding Source: StateConstruction Start: Spring 2018Finish: Spring 2019Current Progress: Bidding PhaseDescription: Barton Creek Greenway will provide a direct link between J.W. Clay Blvd. and Mallard Creek Greenway. Overland connector sidewalk along J.W. Clay Blvd. will connect Barton Creek Greenway to North Tryon Street light-rail station and future I-85 North bridge to University Research Park.
Blue Line ExtensionCost: $1,160,000,000Funding Source: State, Federal, and LocalConstruction Start: January 2014Finish: March 2018Current Progress: CompleteDescription: Extend LYNX Blue Line 9.3 miles from Ninth Street to UNC Charlotte campus via existing rail line and then down North Tryon Street median to campus. Also build 11 stations, 4 park-and-ride lots and decks.
Concord Mills Entrance FlyoverCost: $10,200,000Funding Source: State and City of ConcordConstruction Start: Spring 2018Finish: Fall 2020Current Progress: Planning PhaseDescription: A new 2-lane bridge on Concord Mills Boulevard will replace the left-turn lanes into the first entrance of Concord Mills Mall (across from Kings Grant Pavilion). The new flyover entrance will reduce congestion on Concord Mills Boulevard caused by cars turning left into the mall’s entrance No. 1. The project will also include adding an additional westbound left-turn lane at the mall’s No. 2 entrance at Bexley Way.
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Transportation & Infrastructure
Cross Charlotte TrailCost: $35,000,000Funding Source: Charlotte and MecklenburgConstruction Start: Summer 2018Finish: 2027Current Progress: Final Planning PhaseDescription: Charlotte and Mecklenburg County are creating a 26-mile bike-pedestrian trail from Pineville to University City. The trail will link several county greenways including Mallard and Toby Creek Greenways in University City. Mecklenburg County is paying for its part of project through ongoing greenway funding. Charlotte’s portion will require voters approved $30 million in bonds in November 2016.
Doug Mayes Road - I-85 North OverpassCost: $24,800,000Funding Source: City Bonds and FederalStart: Fall 2020Finish: 2022Current Progress: Design PhaseDescription: This two-lane bridge with sidewalks and bike lanes will provide important new links between University Research Park and the North Tryon Street light-rail corridor while easing traffic congestion on two of Charlotte’s busiest streets: West W.T. Harris Boulevard and Mallard Creek Church Road. Since the bridges will not have interchanges, this will provide safe bike lanes and sidewalks over I-85. Final layout of project to be shared with the public in late 2018.
Eastern Circumferential Road - Phase I and IICost: $41,825,000Funding Source: City Bonds and StateConstruction Start: 2021Finish: Spring 2024Current Progress: Planning PhaseDescription: Part of the high-speed rail corridor project. Four-lane road with median will be a continuation of Mallard Creek Church Road to Back Creek Church Road and further South. This project will lower University City Boulevard at the current Mallard Creek Church Road intersection so that the future extension of Mallard Creek Church Road can pass under the railroad line, which is being expanded with dual tracks.
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Transportation & Infrastructure
Graham Street Extension - Mallard Creek Road WideningCost: $28,300,000Funding Source: State and FederalConstruction Start: January 2014Finish: Spring 2019Current Progress: Under construction.Description: Building new roadway from Graham Street and Sugar Creek Road to Mallard Creek Road east of Nevin Road; widening existing Mallard Creek Road to four lanes; build new connector road and multi-use path from Mallard Creek Road to IBM Drive.
John Kirk Drive ExtensionCost: $5,536,800Funding Source: City, UNC Charlotte, and StateStart: April 2014Finish: September 2019Current Progress: Design PhaseDescription: Realign and improve John Kirk Drive between University City Blvd and Mallard Creek Church Road, to improve traffic flow and provide safer pedestrian and bicycle access.
LYNX Parking Deck – JW Clay Parking DeckLocation: 9331 JW Clay Blvd.Use: Parking/RetailParking Spaces: 750 1.42 acresCost: $25,675,800Current Progress: CompleteCompletion Date: March 2018Architect/Engineer: LandDesignDeveloper/Owner: City of CharlotteDescription: Constructing a precast concrete parking garage, private streets, and public streets, streetscape improvements related to the J.W. Clay Boulevard Station park-and-ride facility. The garage includes 18,318 square feet of ground floor Active Use of the 225,308 total square feet.
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LYNX Parking Deck – University City Parking DeckLocation: North Tryon at Stetson Street Use: Parking/RetailParking Spaces: 1,514 9 acresCost: $29,812,200Current Progress: CompleteCompletion Date: March 2018Architect/Engineer: LandDesignDeveloper/Owner: City of CharlotteDescription: Constructing parking garage to include public and private streets related to the University City Boulevard Station park-and-ride facility. The garage will include 1,514 parking spaces and 13,035 square feet of ground floor Active Use space.
Mallard Creek Church Road Multi-Use PathCost: $1,591,000Funding: State and CityConstruction Start: Fall 2018 Finish: Spring 2019Current Progress: Design PhaseDescription: Description: Build an extra-wide multi-use path for bikes and pedestrians on the west side of West Mallard Creek Church Road between Mallard Creek Road and Claude Freeman Drive. Work is being accelerated to install a new traffic signal at West Mallard Creek Church Road and David Taylor Drive. Signal is expected to be installed by late 2018. Construction of shared-use path is expected to begin in early 2020.
Mallard Creek Road - IBM Drive Connecting RoadCost: $1,800,000Funding: StateConstruction Start: Spring 2018Finish: Spring 2019Current Progress: Construction PhaseDescription: New two-lane road and multi-use path between IBM Drive and Mallard Creek Road at Baucom Road. Road will have traffic signal at Mallard Creek Road. Roadway will ease congestion on West W.T. Harris Blvd and improve access to nearby businesses.
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Transportation & Infrastructure
Mallard Creek - Odell School - Derita Roads Widening - EastCost: $13,400,000Funding: StateConstruction Start: 2021 Finish: 2023 Current progress: PlanningDescription: Widen the roadway, which changes from Mallard Creek Road to Odell School Road and then Derita Road, to a four-lane divided cross section from I-485 in Charlotte to Concord Mills Boulevard in Concord. Project U-6032 is included in the draft 2017-2027 NC Transportation Improvement Plan as a “committed project.” Final plan will be approved in June.
Mallard Creek Road Widening - WestCost: $20,100,000Funding: StateConstruction Start: 2024 Finish: 2026 Current progress: PlanningDescription: Widen to four-lane divided cross section from Mallard Creek Church Road to Breezewood Drive. Project U-6028 is included in the draft 2017-2027 NC Transportation Improvement Plan as a “committed project.” Final plan will be approved in June.
Mary Alexander Storm Water Drainage Improvement ProjectCost: $1,900,000Funding Source: CityConstruction Start: Spring 2017Finish: Winter 2017Current Progress: CompleteDescription: The project will focus on the storm drainage issues along Mary Alexander Road between East Mallard Creek Church Road and the entrance to the University of North Carolina at Charlotte. The project may replace a failed 48-inch culvert, upgrade pipes and make downstream improvements.
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NECI - JW Clay Boulevard StreetscapeCost: $6,250,000Funding: City Bonds (2014 and 2016)Construction Start: Summer 2018 Finish: Summer 2020Current Progress: Planning PhaseDescription: Goal is to improve pedestrian and bike access to nearby light-rail station on North Tryon Street at Clay Blvd. Project proposes to upgrade and complete sidewalks and add bike lanes. A multi-use path may be built along the east side of Clay Blvd to connect the future Barton Creek Greenway and future I-85 North Bridge to the Clay Blvd Station. Project team is finalizing design. Real estate acquisition is expected to start in summer 2018.
NECI - McCullough Drive Extension & StreetscapeCost: $11,300,000Funding: City Bonds (2014 and 2016)Construction Start: Spring 2020 Finish: Spring 2021Current Progress: Design PhaseDescription: Goal is to improve pedestrian and bike access to nearby light-rail station on North Tryon Street at McCullough Drive. Project has two parts: 1. Complete McCullough Drive on the south side of North Tryon Street from the McCullough-Tryon intersection to a short stub in the Grande Promenade retail center. 2. Improve McCullough on the north side of North Tryon by completing and improving sidewalks and adding buffered bike lanes.
NECI - Rocky River Road West StreetscapeCost: $7,790,000Funding: City Bonds (2014 and 2016)Construction Start: Summer 2018 Finish: Fall 2019Current Progress: Design PhaseDescription: Goal is to improve pedestrian and bike access to nearby light-rail station on North Tryon Street. Rocky River Road West currently is narrow and winding with no safe paths for cyclists and pedestrians. This project will soften curves, add turn lanes into the new Newell Elementary School and Arcadia student housing, and add sidewalks and bike lanes. Real estate acquisition through spring 2018, followed by utility relocation in the summer of 2018.
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Transportation & Infrastructure
North Tryon Street Bridge ReplacementCost: $4,500,000Funding: FederalConstruction Start: Spring 2014Finish: Winter 2016Current Progress: CompleteDescription: Replace aging, narrow two-lane bridge over Mallard Creek. New bridges have expanded the road to three lanes, including a bicycle path and sidewalk for pedestrians. Project also added bike-ped connections to Mallard Creek Greenway.
Toby Creek Greenway - Phase IICost: $2,148,000Funding Source: State, County, and CityConstruction Start: Spring 2016Finish: Spring 2017Current Progress: CompleteDescription: Phase II extends the existing Toby Creek Greenway that runs through UNCC Campus by another mile. This new section of greenway parallels University City Blvd under Harris Blvd as an overland connector. The greenway then runs under Chancellor Park Drive and along Toby Creek through a variety of vegetated areas, wildlife, steep terrain and rock formations at the creek banks. This greenway is part of the city-county Cross Charlotte Trail (see related project report)
University City Boulevard ExtensionCost: $10,800,000Funding Source: CityConstruction Start: November 2013Finish: Spring 2017Current Progress: Complete (Landscaping in March 2017)Description: Project extends University City Boulevard westward from the existing intersection of University City Boulevard at Neal Road to the future alignment of Mallard Creek Road near Rumple Road. The design includes a four lane median divided roadway with planting strips, sidewalks, street trees, street lighting and bicycle lanes.
Transportation & Infrastructure
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University Pointe Boulevard – I-85 Overpass SouthCost: $17,000,000Funding: City Bonds (2014) and StateConstruction Start: November 2015Finish: March 2017Current Progress: CompleteDescription: This two-lane bridge with sidewalks and bike lanes will provide important new links between University Research Park and the North Tryon Street light-rail corridor while easing traffic congestion on two of Charlotte’s busiest streets: West W.T. Harris Boulevard and Mallard Creek Church Road. Since the bridges will not have interchanges, they can provide safe bike lanes and sidewalks over I-85.
West WT Harris Blvd - Westbound Lane AdditionCost: $650,000Funding: CityConstruction Start: Summer 2016Finish: Spring 2017Current Progress: CompleteDescription: Add 3rd westbound curb lane on West W.T. Harris Boulevard between Research Drive and Technology Drive.
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85 City Partners - CBW LakestoneLocation: 7100 MacFarlane BoulevardProperty: 22.003 acres Building Type: Undeveloped LandPrevious Owner: 85 City Partners LLCNew Owner: CBW Lakestone LLC and WLH Lakestone LLCSale Price: $5,500,000 (based on excise tax)Sale Date: July 14, 2016Property Details: 85 City Partners had the property rezoned for Transit-Oriented Development-Mixed Use in 2015. Site Plan by OEG Osborn Engineering Group
1001 East WT - Town CenterLocation: 1001 E. WT Harris BoulevardProperty: 4.6 acres Building Type: RetailPrevious Owner: 1001 East WT Harris Boulevard Holdings, LLCNew Owner: Town Center Charlotte, LLCSale Price: $3,250,000 (based on excise tax)Sale Date: May 18, 2016Property Details: One-story retail center with 41,069 sq. ft., built in 1990
8001 North Tryon - MMB CarolinaLocation: 8001 N. Tryon StreetProperty: .55 acres Building Type: OfficePrevious Owner: 8001 North Tryon LLCNew Owner: MMB Carolina LLCSale Price: $1,275,000 (based on excise tax)Sale Date: March 16, 2016Property Details: Two story office building at N. Tryon and Clark Blvd, 10,374 sq. ft, built in 1999.
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Property Sales
Aivone Investments - Mohr David TaylorLocation: 10330 David Taylor DriveProperty: 13.8 acresBuilding Type: OfficePrevious Owner: Aivone Investments, LLCNew Owner: Mohr David Taylor, LLC, c/o Mohr CapitalSale Price: $11,400,000Sale Date: November 27, 2017Property Details: Class A office building with 97,794 SF, built in 2003. Buyer has announced plans to develop additional 150,000 sq. ft. of office space.
Arden Group - UCAM-1Location: MacFarlane BoulevardProperty: 4.6 acres Building Type: Undevelolped LandPrevious Owner: Arden Group, LLCNew Owner: UCAM-1 LLCSale Price: $720,000 (based on excise tax)Sale Date: December 28, 2016Property Details: Subdivision of property held by Arden Group bounded roughly by University City Boulevard, IKEA Boulevard, McFarlane Boulevard and I-85. Part of tract broken into four pieces: 04723113 (8.06 acres), 04723113 (9 acres), 04723115 (4.6 acres) and 04723199 (5.733 acres)
BEC-Charlotte - Realty IncomeLocation: 1100 Chancellor Park DriveProperty: 11.905 acresBuilding Type: RetailPrevious Owner: Brec-Charlotte, LLCNew Owner: Realty Income Properties 21, LLCSale Price: $8,362,000Sale Date: July 19, 2017Property Details: Lowe’s home-improvement store, built in 1993 and totaling 123,468 sq. ft.
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Property Sales
Brown, Cole, Cope - University City CommunityLocation: 6925 N. Tryon StreetProperty: 15.4318 acresBuilding Type: Undeveloped LandPrevious Owner: Brown, Cole, Cope, Abernathy & EatonNew Owner: University City Community, LLCSale Price: $2,618,500 (based on excise tax)Sale Date: February 2, 2016Property Details: Four adjoining tracts just west of the I-85 entrance ramp. Carolina States Regional Center LLC is building 376 apartments.
Cardinal Property - Haven CampusLocation: 9200 University City BlvdProperty: 6.8 acresBuilding Type: Single Family HomesPrevious Owner: Cardinal Property Holdings/Multiple OwnersNew Owner: Haven Campus Communities-Charlotte LLCSale Price: $7,675,000 (based on excise tax)Sale Date: December 22, 2016Property Details: This property fronting University City Boulevard near the main entrance to UNC Charlotte was rezoned in 2016 from residential, office and institutional zoning to Mixed-Use Development-optional to allow up to 332 apartments in buildings of 4- to 5 stories, plus structured parking.
Chancellor & Chester - SC HotelLocation: 850 Chancellor Park DriveProperty: 0.8 acresBuilding Type: RetailPrevious Owner: Chancellor & Chester LLCNew Owner: SC Hotel Investments, LLCSale Price: $1,590,000 (based on excise tax)Sale Date: August 3, 2016Property Details: One-story retail building with 6,840 sq. ft., built in 1998.
Property Sales
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Charlotte University Hotel - Tyvola HospitalityLocation: 625 McCullough DriveProperty: 2.061 acresBuilding Type: HotelPrevious Owner: Charlotte University Hotel Inc.New Owner: Tyvola Hospitality Inc.Sale Price: $9,500,000 (based on excise tax)Sale Date: November 9, 2016Property Details: Home2Suites by Hilton, five stories, built in 2015.
Charlotte University Park - HWW CharlotteLocation: 8515 University Executive Park DriveProperty: 5.0478 acresBuilding Type: Undeveloped LandPrevious Owner: Charlotte University Park, LLCNew Owner: HWW Charlotte Pinnacle LLCSale Price: $1,825,000 (based on excise tax)Sale Date: November 9, 2016Property Details: Undeveloped parcel zoned MUDD-O.
Clarke Realty - Souder PropertiesLocation: 9711 David Taylor DriveProperty: 4.905 acresBuilding Type: Office and warehousePrevious Owner: Clarke Realty GroupNew Owner: Souder PropertiesSale Price: $1,700,000Sale Date: Nov. 6, 2017Property Details: 2 story building totaling 38,985 sq. ft. built in 1988.
Collins-Aikman Drive
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Coheritage Oake - Magnolia TerraceLocation: 8300 Paces Oaks Blvd.Property: 15.683 acresBuilding Type: MultifamilyPrevious Owner: Coheritage Oake Pointe LCNew Owner: Magnolia Terrace LLCSale Price: $24,000,000 (based on excise tax)Sale Date: July 7, 2016Property Details: Apartment community with 264 units, 255,818 sq. ft., fronting East WT Harris Blvd beside Lowe’s Home Improvement, built in 1989
Crescent University - ACC OPLocation: 8926, 9024, 9032 University City Blvd 1203 Mark Twain RoadProperty: 4.933 acresBuilding Type: MultifamilyPrevious Owner: Crescent University City Venture LLCNew Owner: ACC OP (U City Blvd) LPSale Price: $40,000,000 (based on excise tax)Sale Date: September 1, 2016Property Details: Five 3 and 4-story apartment buildings including parking deck totaling 341,304 sq ft, built in 2013.
DDR Belgate - McCurdy HoldingsLocation: 7031 University City BoulevardProperty: 1.4858 acresBuilding Type: UndevelopedPrevious Owner: DDR Belgate LPNew Owner: McCurdy Holdings, LLCSale Price: $1,160,000 (based on excise tax)Sale Date: January 25, 2016Property Details: Belgate Shopping Center Tract A-2. Since the purchase, a new Culver’s restaurant has been built here and opened recently.
Property Sales
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First States - PontusLocation: 8700 University Executive Park DriveProperty: 2.03 acresBuilding Type: BankPrevious Owner: First States Investors 6000A, LPNew Owner: Pontus Vault Portfolio, LLCSale Price: $2,510,000 (based on excise tax)Sale Date: April 27, 2016Property Details: One-story bank building, 8,392 sq. ft., built in 1993.
Four Resource - Four Resource Square OwnerLocation: 10735 David Taylor DriveProperty: 9.396 acresBuilding Type: OfficePrevious Owner: Four Resource Square, LLC c/o RAIT Financial TrustNew Owner: Four Resource Square Owner, LLC, c/o Rockford Capital PartnersSale Price: $17,500,000Sale Date: Dec. 29, 2017Property Details: Office building with 155,000 sq. ft. built in 1999.
G&I V Resource - TDCA ResourceLocation: 10715 David Taylor DriveProperty: 12.11 acresBuilding Type: Office BuildingPrevious Owner: G&I V Resourcde Square 5 LPNew Owner: TDCA Resource Square LLCSale Price: $22,000,000 (based on excise tax)Sale Date: February 26, 2016Property Details: Five-story office building with 158,589 sq. ft., built in 2000.
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Gavi The Arbors - WF ArborsLocation: East Arbors Drive & Mallard Creek Church RdProperty: 5.813 acresBuilding Type: RetailPrevious Owner: Gavi The Arbors IIINew Owner: WF Arbors, LLC c/o Westwood Financial, LLCSale Price: $25,100,000Sale Date: June 23, 2017Property Details: The Arbors at Mallard Creek retail center, with 55,323 sq. ft. of space.
Gerdes, Mason Simpson - MSCI 2006Location: 401 McCullough DriveProperty: 32.638 acresBuilding Type: OfficePrevious Owner: Gerdes, Mason and Simpson, LLPNew Owner: MSCI 2006-HQ8 McCullough Drive, LLCSale Price: $30,000,000 (based on excise tax)Sale Date: August 23, 2016Property Details: Allstate Insurance building, 3 stories, 220,508 sq. ft., built in 1972.
Greer Land - National Retail PropertiesLocation: 620 University Center Blvd.Property: 2.421 acresBuilding Type: RestaurantPrevious Owner: Greer Land Co. - Restaurants, LLCNew Owner: National Retail PropertiesSale Price: $4,589,605Sale Date: June 5, 2017Property Details: Building houses Cheddar’s Scratch Kitchen, one of several restaurants and hotels fronting or near West WT Harris Boulevard between North Tryon Street and I-85.
Property Sales
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HB Resource Square - TDCA ResourceLocation: 10925 and 10926 David Taylor DriveProperty: 18.683 acresBuilding Type: OfficePrevious Owner: HB Resource Square One & Two, LLCNew Owner: TDCA Resource Square, LLCSale Price: $21,850,000 (based on excise tax)Sale Date: February 26, 2016Property Details: One Resource Square - 3-story office building, 93,570 sq ft, built in 1997. Two Resource Square - 3-story office building, 94,429 sq. ft., built in 1998.
Key - OMILOSLocation: 8620 Research DriveProperty: 3.07 acresBuilding Type: RestaurantPrevious Owner: Key LLCNew Owner: OMILOS LLC of Arlington, VASale Price: $2,300,000 (based on excise tax)Sale Date: September 29, 2016Property Details: Macaroni Grill restaurant, 7,202 sq. ft. built in 2000.
Kokenes Family - DuaykarLocation: 10008 University City Blvd.Property: 2.904 acresBuilding Type: CommercialPrevious Owner: Kokenes FamilyNew Owner: Duaykar Inc.Sale Price: $1,800,000Sale Date: June 12, 2017Property Details: Home for many years of Gus’s Original 49er Restaurant. Building is undergoing nearly $1 million in renovations for Suvidha INDO-PAK Grocery.
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LAT University - Hudson CapitalLocation: 9201 Glenwater DriveProperty: 14.343 acresBuilding Type: MultifamilyPrevious Owner: LAT University Place, LLCNew Owner: Hudson Capital Landmark, LLCSale Price: $29,750,000Sale Date: February 3, 2017Property Details: Landmark at Monaco Gardens apartments with 276 apartments in 13 buildings and clubhouse, built in 1990. Apartments last sold on July 2, 2013, for $20,880,500.
Lester Herlocker - MMC StorageLocation: 1325 W. Mallard Creek Church RoadProperty: 4.3 acresBuilding Type: Undeveloped LandPrevious Owner: Lester Herlocker & AssociatesNew Owner: MCC Storage Associates LLCSale Price: $1,065,000 (based on excise tax)Sale Date: June 29, 2016Property Details: FourStore LLC plans to build a 107,000 sq. ft. climate-controlled storage facility.
Meck Pinacle - Lidl USLocation: 801 W. Mallard Creek Church RoadProperty: 2.854 acresBuilding Type: Undeveloped LandPrevious Owner: Meck Pinnacle LLCNew Owner: Lidl US Operations LLCSale Price: $1,200,000 (based on excise tax)Sale Date: July 12, 2016Property Details: The Charlotte Observer reported in 2015 that German grocer Lidl planned to open a grocery store on this site. The property was rezoned in 2015 to allow a 31,000 sq. ft. one-story retail building. Lidl is expanding across NC.
Property Sales
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Monroe 2012 - Softech HoldingsLocation: 1725 Marylynn DriveProperty: 0.464 acresBuilding Type: Student HousingPrevious Owner: Monroe 2012 LPNew Owner: Softech Holdings Inc.Sale Price: $715,000 (based on excise tax)Sale Date: July 27, 2016Property Details: Two-story student housing building with 15 single and double units. 5,668 sq. ft., built in 2000.
MSCI 2006 - TempusLocation: 401 McCullough DriveProperty: 32.63 acresBuilding Type: OfficePrevious Owner: MSCI 2006-hq8 McCullough Drive LLCNew Owner: Tempus 401 McCullough Drive LLCSale Price: $12,915,000Sale Date: June 13, 2017Property Details: Allstate Co. leased most of the three-story building before moving to nearby Innovation Park in 2013. Property backs up to I-85 and is near the McCullough Drive Station on the LYNX Blue Line Extension.
NC Owner - HS Mallard CreekLocation: 8604 Cliff Cameron DriveProperty: 5.968 acresBuilding Type: OfficePrevious Owner: NC Owner LLCNew Owner: HS Mallard Creek Center, LLCSale Price: $19,800,000 (based on excise tax)Sale Date: December 23, 2016Property Details: Nearly 260,000 sq. ft. of space in several buildings near Mallard Creek Church Road and W. WT Harris Blvd, including 4-story Class A building at 8520 Cliff Cameron Drive
Property Sales
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Pete A Gianikas - JJNC UCBLocation: 10032 University City BlvdProperty: 1.04 acresBuilding Type: Undeveloped LandPrevious Owner: Pete A Gianiks et alNew Owner: JJNC UCB LLCSale Price: $365,000 (based on excise tax)Sale Date: November 17, 2016Property Details: Work has begun on small retail center that will house a Jimmy John’s restaurant and other uses.
PS Thornberry - Bel ThornberryLocation: 9920 Brickleberry LaneProperty: 18.518 acresBuilding Type: MultifamilyPrevious Owner: PS ThornberryNew Owner: Bel Thornberry LLCSale Price: $42,000,000 (based on excise tax)Sale Date: October 7, 2016Property Details: Apartment community with 288 units, 10 buildings plus clubhouse totaling 383,119 sq. ft., built in 1999.
SHRI Gopinath - TRYON 8525Location: 8517 N. Tryon StreetProperty: 1.59 acresBuilding Type: HotelPrevious Owner: SHRI Gopinath HospitalityNew Owner: Tryon 8525, LLCSale Price: $6,000,000 (based on excise tax)Sale Date: October 30, 2015Property Details: Sleep Inn hotel.
Property Sales
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South Central Oil - Sam’s InvestmentsLocation: 8016 N. Tryon StreetProperty: 1.692 acresBuilding Type: RetailPrevious Owner: South Central Oil C.New Owner: Sam’s Investments IV LLCSale Price: $850,000 (based on excise tax)Sale Date: February 29, 2016Property Details: Exxon gas station, convenience store and carwash totaling 2,672 sq. ft., built in 1989.
Speed Channel - Fox SportsLocation: 1220 W. WT Harris BlvdProperty: 12.524 acresBuilding Type: OfficePrevious Owner: Speed Channel LLCNew Owner: Fox Sports 1 LLCSale Price: $12,961,500Sale Date: July 31, 2017Property Details: Zoned for laboratory / research and being used for media studios.
TR Vinoy - Bel VinoyLocation: IBM Drive at Neal RoadProperty: 23.8 acresBuilding Type: Multi-FamilyPrevious Owner: TR Vinoy LLCNew Owner: Bel Vinoy LLCSale Price: $52,750,000Sale Date: January 31, 2017Property Details: 356-unit Vinoy at Innovation Park apartments. Sale price is 38% higher than previous sale of property in 2012.
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USA Grande Promenade - FD Special OppsLocation: 230 E. WT Harris BoulevardProperty: 12.9882 acresBuilding Type: RetailPrevious Owner: USA Grande Promenade, LLCNew Owner: FD Special Opportunities V, LLC FD GP Investment, LLCSale Price: $40,100,000 (based on excise tax)Sale Date: December 15, 2016Property Details: Grande Promenade I and II and additional vacant land.
US Bank National - DB TripleLocation: 500 University Center BlvdProperty: 2.11 acresBuilding Type: RestaurantPrevious Owner: US Bank National AssociationNew Owner: DB Triple Dipper Restaurant LLCSale Price: $2,365,500 (based on excise tax)Sale Date: December 16, 2016Property Details: Chili’s Restaurant building, 5,445 sq. ft., built in 1995.
Page 58
Economic Development Summary
OFFICE
Name Key Acreage Sq FtgHousing
Units Land Cost Project Cost1 10101 David Taylor Drive $925,000
2 Allstate - Phase III TI 120,000 $7,135,700
3 Allstate $321,000
4 AON TI 218,000 $3,930,000
5 AREVA $1,215,000
6 AT&T $1,994,000
7 AXA $4,157,500
8 BB&T Bank $1,705,000
9 BellSouth Telecommunications TI N/A N/A $3,241,000
10 Cambridge Corporate Center Parking Deck N N/A 154,940 $4,200,000
11 Duke Energy N 94.0 163,666 $72,983,500
12 Duke Energy N 6.226 31,792 $11,299,700
13 Duke Energy Customer Service Center $16,082,600
14 Electric Power Research Institute R 40,000 N/A $1,524,700
15 Electric Power Research Institute TI 15,000 $1,879,300
16 Electrolux $1,437,300
17 Innovation Park $1,749,500
18 One Resource Square R $1,150,000
19 One University Place R N/A $1,193,000
20 Peak 10 R N/A 6,000 $925,000
21 Proximity Park 200,000 $880,000
22 Rack Room Shoes - Off Broadway Shoes N 16.6 73,161 $16,000,000
23 Red Ventures TI N/A 97,599 $4,000,000
24 Republic Services TI N/A 82,375 $4,103,000
25 Three Resource Square $707,000
26 TIAA R N/A 31,792 $557,000
27 TTI Floor Care North America TI N/A 61,390 $6,711,400
28 TTI Parking Lot and Elevator Tower N 3.0 N/A $1,400,000
29 University Executive Park R 50.0 N/A $918,000
30 Verbatim Americas TI N/A 21,634 $469,000
31 Verizon Wireless TI N/A 6,446 $1,081,200
32 Wells Fargo CIC R N/A N/A $4,890,800
Sub Total 179.366 1,317,349 $179,841,200
RESIDENTIAL/MULTI FAMILY
Name Key Acreage Sq FtgHousing
Units Land Cost Project Cost40 Atapco Apartments N 3.853 N/A 280 $50,000,000
41 Haven 49 N 7.455 478,337 332 $47,779,200
42 Novel Research Park N 20.1 N/A 280 $32,000,000
43 Oxford Gateway Apartments N 14.676 N/A 332 $874,300
44 Sovereign at Belgate N 25.35 524,500 266 $28,321,100
45 University City Apartments at Tom Hunter N 15.3 200,212 376 $32,200,000
Sub Total 82.881 1,203,049 1,586 $141,174,600
KEYN = New ConstructionR = RenovationTI = Tenant UpfitA = ApartmentsS = Student HousingV = Project Vary
Economic Development Summary
Page 61
INSTITUTION
HOSPITALITY
Name Key Acreage Sq FtgHousing
Units Land Cost Project Cost50 Care Plus Medical Plaza TI 12,632 $1,275,000
51 Carolina Digestive Health N 6,280 $568,600
52 Carolinas HealthCare System Emergency Room R N/A $1,272,200
53 Carolinas HealthCare System Senior Care TI 4,630 $534,000
54 CSL Plasma Donation R 1.83 15,417 $1,655,200
55 Prosperity Family Physicians N 7,094 $790,000
56 Royal Dental Associates N $568,500
57 University Hills Baptist Church R 8,808 $2,925,000
58 University Medical Park Building 5000 R $5,722,100
59 UNC Charlotte V $417,297,300
Sub Total 1.83 832,622 $429,492,100
Name Key Acreage Sq FtgHousing
Units Land Cost Project Cost60 Fairfield Inn N 2.351 $8,000,000
61 Hampton Inn R $967,000
62 Hilton - Charlotte University Place R 275,000 $8,000,000
63 Holiday Inn Express N 8.725 63,002 $6,942,000
64 Home2 Suites by Hilton N 2.061 74,380 $8,272,000
65 Hyatt Place N 1.515 81,068 $16,150,000
Sub Total 14.652 493,450 $48,331,000
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Economic Development Summary
KEYN = New ConstructionR = RenovationTI = Tenant UpfitA = ApartmentsS = Student HousingV = Project Vary
RETAIL
Name Key Acreage Sq FtgHousing
Units Land Cost Project Cost70 Belgate Shopping Center N 15,760 $2,345,600
71 Burlington Coat Factory N 50,571 $2,607,600
72 Circle K N 4,618 $930,700
73 Circle K N 5,926 $833,000
74 Culver’s Restaurant N 4,554 $999,000
75 Extra Space Storage R 107,527 $7,383,700
76 Fitness Connection R 60,419 $2,700,000
77 Gandhi International Grocery R 2,400 $562,000
78 Goodwill N 12,993 $1,113,900
79 Jimmy John’s N 3,028 $760,000
80 Mallard Creek Self-Storage N 107,000 $5,136,800
81 MI Pueblo Mexican Restaurant N 9018 $2,256,800
82 Outback Steakhouse N 6,550 $1,475,000
83 Parks Chevrolet N 7,007 $7,325,400
84 Patel Brothers Indian Grocery N $623,100
85 Pinnacle Point Self Storage N 130,100 $566,000
86 The Pointe at University Place N 28,368 $3,230,600
87 Suvidha Charlotte N 11,400 $976,800
88 TJ Maxx N 21,547 $2,429,400
89 University Place Renovation R 20,862 $1,047,400
90 University Volvo R $1,606,000
Sub Total 609,648 $46,908,800
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Economic Development Summary
KEYN = New ConstructionR = RenovationTI = Tenant UpfitA = ApartmentsS = Student HousingV = Project Vary
TRANSPORTATION & INFRASTRUCTURE
Name Key Acreage Sq FtgHousing
Units Land Cost Project Cost70 Back Creek Church Rd Farm-to-Market Road $4,500,000
71 Barton Creek Greenway $1,200,000
72 Blue Line Extension $1,160,000,000
73 Concord Mills Entrance Bridge $10,200,000
74 Cross Charlotte Trail $35,000,000
75 Doug Mayes Road - I-85 Overpass North $24,800,000
76 Eastern Circumferential Rd - Phase I and II $41,825,000
77 Graham St Extension - Mallard Creek Rd Widening $28,300,000
78 John Kirk Drive Extension $5,536,800
79 LYNX JW Clay Parking Deck (614 parking spaces) $25,675,800
80 LYNX U City Parking Deck (1,515 parking spaces) $29,812,200
81 Mallard Creek Greenway Link $1,650,000
82 Mallard Creek Road/IBM Drive Connecting Road $1,800,000
83 Mallard Creek/Odell School/Derita Roads Widening-West $13,400,000
84 Mallard Creek Road Widening - West $20,100,000
85 Mary Alexander Storm Drainage Project $1,900,000
86 NECI - JW Clay Boulevard Streetscape $6,250,000
87 NECI - McCullough Drive Extension & Streetscape $11,300,000
88 NECI - Rocky River Road West Streetscape $7,790,000
89 North Tryon Street Bridge Replacement $4,500,000
90 Old Statesville Road Widening $34,000,000
89 Toby Creek Greenway - Phase II $2,148,000
90 University City Boulevard Extension $10,800,000
91 University Pointe Boulevard – I-85 Overpass South $17,000,000
92 West WT Harris Blvd - Westbound Lane Addition $650,000
Total $1,495,637,800
Page 64
Economic Development Summary
Name Key Acreage Sq FtgHousing
Units Land Cost Project Cost1 85 City Partners - CBW Lakestone 22.003 $5,500,000
2 1001 East WT - Town Center 4.6 $3,250,000
3 8001 North Tryon - MMB Carolina .55 $1,275,000
4 Aivone Investments - Mohr David Taylor 13.8 $11,400,000
5 Arden Group - UCAM-1 4.6 $720,000
6 BEC-Charlotte - Realty Income 11.905 $8,362,000
7 Brown, Cole, Cope - University City Community 15.4318 $2,618,500
8 Cardinal Property - Haven Campus 6.8 $7,675,000
9 Chancellor & Chester - SC Hotel 0.8 $1,590,000
10 Charlotte University Hotel - Tyvola Hospitality 2.061 $9,500,000
11 Charlotte University Park - HWW Charlotte 5.0478 $1,825,000
12 Clarke Realty - Souder Properties 4.905 $1,700,000
13 Coheritage Oake - Magnolia Terrace 15.683 $24,000,000
14 Crescent University - AAC OP 4.933 $40,000,000
15 DDR - McCurdy Holdings 1.4858 $1,160,000
16 First States - Pontus 2.03 $2,510,000
17 Four Resource - Four Resource Square Owner 9.4 $17,500,000
18 G&I V Resource - TDCA Resource 12.11 $22,000,000
19 Gavi The Arbors - WF Arbors 5.813 $25,100,000
20 Gerdes, Mason Simpson - MSCI 2006 32.638 $30,000,000
21 Greer Land - National Retail Properties 2.421 $4,589,605
22 HB Resource Square - TDCA Resource 18.683 $21,850,000
23 Key - OMILOS 3.07 $2,300,000
24 Kokenes Family - Duaykar 2.904 $1,800,000
25 LAT University - Hudson Capital 14.343 $29,750,000
26 Lester Herlocker - MMC Storage 4.3 $1,065,000
27 Meck Pinacle - Lidl 2.854 $1,200,000
28 Monroe 2012 - Softech Holdings 0.464 $715,000
29 MSCI 2006 - Tempus 32.63 $12,915,000
30 NC Owner - HS Mallard Creek 5.968 $19,800,000
31 Pete A Gianikas - JJNC UCB 1.04 $365,000
32 PS Thornberry - Bel Thornberry 18.518 $42,000,000
33 SHRI Gopinath - Tryon 8525 1.59 $6,000,000
34 South Central Oil - Sam’s Investments 1.692 $850,000
35 Speed Channel 12.534 $12,961,500
36 TR Vinoy - Bel Vinoy 23.8 $52,750,000
37 USA Grande Promenade - FD Special Opps 12.9882 $40,100,000
38 US Bank National - DB Triple 2.11 $2,365,000
Total 327.6076 $471,062,105
PROPERTY SALES
Acreage Sq FtgHousing
Units Land Cost Project CostTotal 606.2366 4,456,118 1,644 $471,062,105 $2,341,385,500
SUMMARY TOTALS
2018 University City Partners Economic Development ReportUniversity City Partners is a 501(c)4 not-for-profit corporation. We envision and implement strategies and actions to drive University City’s long-term economic vitality as a center for employment, living, education, commerce, and entertainment.
Our vision is for Charlotte’s University City to be a vibrant place that is urban in scale and design. It will be energized by transit and will be a popular and accessible destination offering diverse and unique choices for living, shopping, working, learning and enjoying leisure time. It will become a premier employment center in the region with sophisticated infrastructure and attractive amenities.
The organization concentrates resources in these three key areas: planning and development, economic development and marketing and communications. As a catalyst, facilitator and thought leader, University City Partners promotes public/private partnerships to create and sustain the economic vitality of University City.
To view the most current version of this report visit our website UniversityCityPartners.org/doingbusinessinucity/publications/. For general information about University City Partners, visit UniversityCityPartners.org.
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