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Old Posted Apr 6, 2014, 1:06 AM
chris08876's Avatar
chris08876 chris08876 is online now
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Join Date: Jul 2013
Location: Riverview Estates Fairway (PA)
Posts: 45,696
CHARLOTTE | Ally Charlotte Center | 427 FT | 26 FL

Tryon Place





Quote:
Crescent Communities unveiled plans for an ambitious office and hotel development on Tryon Street on Monday, the same day the Charlotte City Council approved the firm’s $10.3 million bid to buy a city-owned parcel near the NASCAR Hall of Fame. The firm wants to build another mixed-use project on the second site, which would include a 450-room hotel, 70,000 square feet of retail, including a grocery store, and 600 apartments, according to a city memo.

Crescent’s concept for the 3-acre site it owns at Tryon and Stonewall streets has been public since last year, when the company announced it had picked the Little architectural firm to begin designing a master plan for the property. The company hadn’t, until now, publicly unveiled detailed sketches of the buildings or the design philosophy behind them. The real estate development firm said Monday that the plans for the project – now named Tryon Place – are gaining speed.

Crescent officials released artists’ renderings showing a 27-story tower, as well as green space, street-level retail and a tree-lined “front porch” plaza fronting Tryon that features shady seating areas and spaces for musicians and food vendors. “This will be a transformative addition to uptown,” said Todd Mansfield, president of Crescent Communities. “We can’t wait to get some concrete flowing.”

Officials said the project would include 500,000 to 1 million square feet of office space, which would make it larger than the 20-story, 395,000-square-foot NASCAR Plaza building. Design on Crescent’s project is expected to be completed by year’s end; construction won’t start, however, until anchor tenants sign on and leasing reaches levels necessary to support a construction loan. Crescent officials said they are negotiating with potential anchor tenants. The building could still shrink or grow depending on the demand.
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http://www.charlotteobserver.com/201...#storylink=cpy
     
     
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