DEVELOPMENT REPORT SOUTH END

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1 DEVELOPMENT REPORT SOUTH END May 2017

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3 Overview South End Development Report The South End Development Report highlights private and public projects that have been recently completed, are currently under construction, or have been announced and are in various stages of planning and development. Projects are reported on for up to six months following their completion. Charlotte Center City Partners is a 501(c)4 not-for-profit corporation. The organization s mission is to envision and implement strategies and actions to drive the economic, social and cultural development of Center City. Center City Partners jurisdiction includes Uptown, South End, and a portion of the Midtown neighborhood.

4 SOUTH END South End is located immediately south of Uptown and is well-served by the Blue Line light rail line with four stations at the heart of the neighborhood. Initially a bustling industrial zone trafficked by multiple freight lines and populated with textile factories and other warehouses, today South End is a dynamic urban neighborhood with a mix of rehabbed historic structures and new transit-oriented development first sparked by the re-introduction of the Charlotte Trolley in the 90 s and subsequent opening of the light rail line in South End is home to a burgeoning craft brewery scene, multiple music venues, art galleries and beloved local shops and restaurants. FAST FACTS: 2.6 MM SF existing office 1.3 MM SF existing retail 5,478 existing residential units K SF office planned/under construction K SF retail planned/under construction 3,821 residential units planned/under construction 270 hotel rooms planned/under construction 4

5 ROMARE BEARDEN PARK Vic tori W Martin Luther King Jr Blvd Irwin Greek Tra il S Cedar Elliot W Hill 1 Sedgefield Shopping W Hill it Av e New Bern ation on ks lar 10 E Park Winnifred SC Larch Westwood Dr ore ta ve re s dc W oo yv W Sk t ts Ln Be th rt r er D ing Fo Barr Toomey Rd m ha rd Dr er rk W Tremont t ge C lvd tb es W Remus Rd Brookhill Rd l st P Baltimore kcre r Griffith Toomey Oa Norfolk Pl d oo tw en Br l Pl Dr shal Mar er D 1 d ire R ksh Ber rst Rd Elmhu 12 Mayfl Marsh Rd ower NEW BERN STATION Rd d Fairwoo REVOLUTION GOLF COURSE Townhomes lvd ing Rd a d Fairwoo ve go A Chica Summit Square Norm in Benjam Miller xter Dr Poinde th B Barr Phillips Rail Yard Cowles 24 7 Sou Design Center 13 Trail 22 SOUTHSIDE PARK Way Rail 2100 South Tryon Ideal Remount Rd d tr un ail Redevelopment mo 5 on d Re tion Basin S Try yr Dr Euclid Rail Tr Vil la Pa Diana hill Rd Brook vant Duna rawn Cottages Dr Atherton ibu Distr 20 Melbou Rd Griffith Belton tw en Be ec h Nu tr d ail Bank Rail Tr oo d Pl Foster Br h Nut West Elm Hotel berl othy Dor d 19 rk Pl d Pa stea Olm Haverford Pl lr 9 REVOLUTION PARK en Iverson Way Youngblood hil Phase II ins Hawk rry Tremont Apartments pa m Ra Mather Gre Lynd hurs t el Rd Green Be 18 n Magnolia Meacham 21 Apartments Kim McDonald Sumner Alliance Morehead 16 Ct ail ilm ie or e w Dr Rd Dr ce S on em Tr Rail Tr 18 ore 17 Spru 11 ve ta W Atherton Heigh e an Av Merrim Way tier an Wilm rrim Car Me Apartments 8 s Dilworth Mew Pollack Shores South End E Tremont Southend Dr Wilm Dunkirk Dr ott t ts et gg Do E Worthington Lyndhurst Abb Holiday Inn Express ve on A ingt Trail 19 d Pl 15 Springdale lvd orth WW n gsto in WK st B Rail kfor Camden Grandview Townhomes We int i W ings WK SM vd Bl n so n lki Spruce 14 ton Wic Bainbridge Apartments East Blvd EAST/WEST STATION t 13 t es kins e ruc Haw d Av ys Sp Lyndhurst hwoo t ttle ns Su re Ga WILMORE PARK ton ings WK Euclid 15 Cleveland rk E Kingston Winthrop ve rk A W Pa W Pa Sout W Beec Euclid S Caldwell Romany Rd TROLLEY MUSEUM 24 Merriman 12 Atherton Mill + Market LAT en Rd 11 W Summit Rensselaer Camd Dimensional Place Berkeley BLAND STATION Ct 10 Berkeley Winona Kee r om D Freed Dunavant Apartments Mt Vernon na E Bland Carlto W Summit 9 BRYANT PARK urch S Ch Townhomes Rail Trail W Bland e Av tte fae Penn Winona n er tv M La West Tremont Lincoln Commerce 8 t S ey inc Qu S Tryon Southpoint at South End D L S Graham m 7 Lexington South Blvd um Dowd YMCA Renovation nt Penman Pl 6 ya Oriole S Mint W Palmer W Palmer Br 2 E Carson Blvd W Palmer t Ex SS W M ad Solis South End e eh or 6 CARSON STATION Myrtle W Carson Blvd Helix Townhomes 5 m ead Post 4 Iso E Moreh 17 S Clarkson r Winnifred rt e 300 West Summit W Dunba Baxter S McDowell W Morehead Carson Blvd. Townhomes Calve ut Av din Rd it Gran Waln 2 14 Morehead Square Dr S Summ Center Redevelopment S Church Morris Eldridge e McNinch er Av 3 so Rail STONEWALL STATION BANK OF AMERICA STADIUM nd Litak at AQUATIC CENTER E onewall W First ay Seco METRO SCHOOL South End GANTT CENTER W onewall Greenw NASCAR HALL OF FAME CHARLOTTE CONVENTION CENTER MINT MUSEUM Greenleaf E Martin Luther King Jr Blvd S McDowell Levine nue of the Arts THE GREEN S Davidson BECHTLER MUSEUM KNIGHT THEATER S Caldwell Dr Westbrook S Church WARD PARK S Brevard t t S THIRD S Graham Ex VISITOR CENTER S College urth th S Clarkson W Fo ur ve W Fo aa FRAZIER PARK THIRD ST/ CONVENTION CENTER STATION BALLPARK S College st de S Tryon Tra W Foster 5

6 1 Marsh Properties Redevelopment 2701 South Boulevard Mixed-use 60 acres, 98,000 SF retail 1,200 units, 100,000 SF office Owner/Developer: Marsh Properties Marsh Properties and Aston Properties have begun work on a 60-acre mixed use redevelopment along South Boulevard at the current Sedgefield Shopping Center site. The site is also home to 303 existing apartment units. The first phase, now under construction, includes a 68,000 SF Harris Teeter-anchored retail center as well as 300 apartment units. The larger section of the former shopping center was demolished in summer 2015 to make way for the new grocer. 2 Carson Boulevard Townhomes Carson Blvd. at South Tryon Residential.5 acres, 11 units 4 stories Owner/Developer: David Weekley Homes David Weekley Homes is developing 11 townhomes on Carson Boulevard. The units will have skyline views looking back towards Uptown and will be within one block of the the Carson Blue Line ation adjacent to the Rail Trail. 6

7 3 300 West Summit 300 West Summit nue Office.8 acres, 64,000 SF office 3 stories Owner/Developer: iles Site preparation iles is planning a mid-sized office building near the intersection Summit nue and South Church reet in the heart of South End. Florida-based iles hopes to begin site work in the near future and break ground on the building in March 2017 with construction to last about one year. 4 Helix Townhomes Doggett & Hawkins reets Residential 1.1 acres, 29 units 3-4 stories Owner/Developer: BPA Residential / Selwyn Property Group Real estate firms BPA Residential and Selwyn Property Group are beginning construction of 14 of 29 townhomes located at the corner of Doggett and Hawkins reets. The units will include one, two, and three bedrooms ranging from 1,038 SF to 2,137 SF. All of the units are pre-sold. 7

8 5 Solis Southline South Blvd. at Remount Road Residential, Retail 3.5 acres, 313 units, 5,200 SF retail Owner/Developer: Terwilliger Pappas Terwilliger Pappas is building a large multi-family development at the corner of Remount Road and South Boulevard. The group is working on similar projects in the Dilworth and South Park neighborhoods. When complete this project will have 313 residential units wrapping a 415-space parking deck with 5,200 SF of ground floor retail at the corner of South Boulevard and Remount Road. 6 Dowd YMCA Renovation 400 East Morehead reet YMCA/Fitness 40,000 SF addition Owner/Developer: YMCA of Greater Charlotte The YMCA of Greater Charlotte is planning a $20 million overhaul at the Dowd YMCA on East Morehead reet. New features will include an additional 40,000 SF for expanded fitness space, new group studios, and upgraded locker rooms. To improve their parking issues, the YMCA has partnered with neighboring Pritchard Memorial Baptist Church to build a shared deck off site at the corner of Lexington nue and Caldwell reet which opened in early

9 7 Southpoint at South End 2821 Youngblood reet Residential 3.2 acres, 53 units Owner/Developer: Hopper Communities Youngblood Partners LLC is building a 53 unit townhome development along Youngblood reet that includes an extension of Poindexter Drive. Units will vary in width from 16 feet to 20 feet. Recent demand has pushed the development team to move forward with a smaller second phase adding more townhomes to the site. 8 West Tremont Townhomes West Tremont reet Residential.75 acres, 16 units 3 stories Owner/Developer: Frank Martin / New Carolina Properties New Carolina Properties is developing a 16-unit townhome project on West Tremont nue a few blocks away from the Blue Line. The development will contain two, three-story buildings with construction to begin in mid

10 9 Dunavant Apartments West Tremont reet Residential, Retail 2 acres, 368 units, 6,600 SF retail Owner/Developer: White Point Partners A 368-unit apartment project is being planned for a light industrial site on Dunavant reet that will include both retail and office space. The site is currently occupied by a few small warehouses. The project will include a structured parking deck. 10 Dimensional Place South Tryon & Camden Road Office, Retail 2.3 acres, 200,000 SF office, Owner/Developer: Cousins Properties, Dimensional Fund Advisors Cousins Properties is developing a new building for the East Coast regional headquarters of Dimensional Fund Advisors (DFA) in Charlotte. Construction has begun and could be complete as early as late

11 11 Atherton Mill & Market 2140 South Boulevard Retail, Residential 10 acres, 371 units, 65,000 SF retail Owner/Developer: Edens Edens has confirmed a nearly $100 MM investment in the Atherton Mill and Market that will add an additional 65,000 SF of retail space and up to 371 residential units. This follows the well-received recent opening of Anthropologie in summer Construction is estimated to begin in early New Bern ation 2820 South Boulevard Residential, Retail, Office 4.5 acres, 375 units Owner/Developer: Lennar Multifamily Lennar Multifamily has secured a rezoning from industrial to TOD to develop the Pepsi Bottling site into a mixed-use project that will include residential, office, and retail. The site lies immediately adjacent to the New Bern light rail station, multiple recent multifamily projects, and across the street from the major Marsh Properties Sedgefield Shopping Center redevelopment. 11

12 13 Bainbridge Apartments Poindexter Drive & South Boulevard Residential 1.6 acres, 200 units 7 stories Owner/Developer: Bainbridge Companies Florida-based Bainbridge Companies is building a 7-story, 200-unit apartment project at the intersection of Poindexter Drive and South Boulevard across from Colonial Reserve at South End. This would be the firm s first project in the Charlotte area. They specialize in the construction and management of high end apartment communities. 14 Camden Grandview Townhomes South Boulevard & I-277 Residential 2 acres, 28 units Owner/Developer: Camden Properties Camden Properties is building a 28-unit for-rent townhome project adjacent to the Camden Grandview apartment complex along South Boulevard. The two-acre property was purchased from the City of Charlotte for $2 MM and is one of several municipal parcels created through the realignment of the South Boulevard/I-277 interchange. 12

13 15 Holiday Inn Express Kingston nue & South Tryon reet Hotel.9 acres, 120 rooms 5 stories Owner/Developer: Divine South End LLC Divine South End LLC is developing a limited service hotel on the corner of Kingston nue and South Tryon reet. Located between the Bland and East/ West Blue Line stations, this is the first hotel to be developed in South End. 16 Pollack Shores South End Apartments Tremont nue Residential 8.4 acres, 350 units Owner/Developer: Pollack Shores Pollack Shores is planning to build a 350 unit apartment complext on Tremont nue in South End. Pollack Shores is hoping to open the first apartments by mid and finish the entire project sometime in The building will also include 2,500 square feet of office or retail space on the ground floor. 13

14 17 Alliance Morehead Apartments West Morehead & South Tryon reets Residential 1.8 acres, 275 units 5 stories Owner/Developer: Honey Enterprises Honey Properties has filed preliminary plans for a 275- unit apartment complex at the corner of South Tryon and West Morehead reets. This project is adjacent to the recently-opened Loft 135 apartments and the site was previously slated for the 14-story 1000 South Tryon office tower before being changed in favor of residential. 18 Tremont Apartments Phase II South Tryon & West Tremont reets Residential, Retail, Office 2.4 acres, 104 units, 10,000 SF retail, 2,000 SF office 4 stories Owner/Developer: 2001 South Tryon LLC Preliminary plans call for multiple buildings on this site at the corner of West Tremont and South Tryon reets. The 2.4-acre site will contain on 4-story apartment building with 104 units, a smaller 10,000 SF retail or restaurant building as well as a 2,000 SF office and retail building. This project is adjacent to Three30Five Apartments and joins a handfull of other West Tremont projects announced in the past year. 14

15 19 West Elm Hotel Camden Road & Worthington nue Hotel 150 rooms Owner/Developer: West Elm HOTELS & RAM Realty Services Brooklyn-based furniture retailer is developing a 150- room boutique hotel adjacent to the Design Center of the Carolinas on Camden Road. The hotel will include a full-scale restaurant, cafe, lobby lounge, as well as rooftop and meeting space. Groundbreaking has not yet been scheduled, but the hotel is expected to open in late 2018 or early rawn Cottages Redevelopment South Bouevard Mixed-use 16.2 acres, 745 units, 57,000 SF retail, 330,000 SF office, 180 hotel rooms Owner/Developer: Charlotte Housing Authority, Horizon Development Properties, The Fallon Group Boston-based Fallon Company was selected as the master developer for the rawn Cottages site along South Boulevard. The site straddles Dilworth and South End and offers one of the largest TOD sites in the region. 145 of the housing units will be affordable with plans calling for a public park and other amenities on site. These development totals are subject to change and are not included in the fast facts totals on page

16 South Tryon South Tryon & West Tremont reets Office 2.8 acres, 83,000 SF office 4 stories Owner/Developer: Vision Ventures Vision Ventures is developing a 4-story, 83,000 square foot office building at the corner of South Tryon and West Tremont nue. The building will include ground floor retail space with views of the Uptown skyline from the offices above. No construction timeline has been set. 22 Design Center Renovation South Tryon & West Tremont reets Retail 4.5 acres, 100,000 SF retail 2 stories Owner/Developer: Asana Partners Asana Partners recently purchased the Design Center of the Carolinas along Camden Road and plans to convert nearly 100,000 square feet of space to retail and restaurant uses over the next few years. Atlantabased Tex-mex restaurant Superica has announced a new 7,000 sf location for the Design Center. 16

17 23 Rail Yard South Tryon & Bland reets Office, Retail, Residential 3.5 acres, 290,000 SF office 30,000 SF retail, 100 units 8 stories Owner/Developer: Beacon Properties Beacon Properties is developing a 3.5-acre mixed use project in the heart of South End at South Tryon and Bland reets. The Rail Yard will include two 8-story office towers with ground floor retail fronting South Tryon reet and four stories of residential wrapping a 1,000 space central parking deck. There will be a central courtyard between the two towers as well as a rooftop park for tenants and residents. 24 Summit Square Townhomes Summit & Church reet Residential 36 units 3 stories Owner/Developer: Ryan Homes Ryan Homes is building 36 townhomes in the heart of South End just one block from the Bland reet light rail station. The three-story homes will have 3 and 4-bedroom units each with a two-car garage. Unit size varries from 1,700-2,000 sf with prices starting in the low $400s. 17

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20 Charlotte CENTER CITY Partners 200 SOUTH TRYON STREET, SUITE 1600 CHARLOTTE, NC