Wood Partners starting construction at Brevard and 25th Streets in Charlotte

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An Atlanta-based developer is kicking off construction on new apartments next to the Blue Line light rail extension, in the Optimist Park neighborhood near NoDa.

Wood Partners has closed on its acquisition of a 2.3-acre site, paying more than $5.3 million for land at 25th and Brevard streets. That’s next to the 25th Street light rail station, set to start passenger service by March 2018. The site is currently used as a truck yard.

The company is building a 261-unit apartment building, which has yet to be named. Wood Partners expects to complete the apartments by early 2019. Amenities will include a saltwater pool, lounge, game room and public kitchen area for residents.

 

Work begins on $35 million, new downtown luxury apartments in Triad

The West End in downtown Winston-Salem will be home to a new luxury apartment community.

West End Station, a 229-unit building with modern amenities, including enclosed parking, saltwater swimming pool, fitness center, elevated and landscaped courtyards, is scheduled to open in about two years, according to developers DPJ Residential and Chaucer Creek Capital

For full article click here http://www.bizjournals.com/triad/news/2017/04/19/new-35-million-downtown-luxury-apartments-in-triad.html

Get ready for more construction on Stonewall Street: New apartments are starting in February

The busiest street for development in Charlotte is about to see another project kick off: Proffitt Dixon has closed on the purchase of its Stonewall Street site and plans to start construction in February.

The Montage, as the project is known, will be on the former site of the Actor’s Theatre and an adjacent parcel of vacant land next door that was owned by the city of Charlotte. Proffitt Dixon bought both sites, totaling about 2.6 acres, for $8.6 million this week. Designed by Axiom Architecture, the Montage is expected to total 230 units, with ground-floor retail.

Proffitt Dixon expects the first apartments will be available in late 2018. The Montage apartments are the second building the Charlotte-based company has developed on Stonewall Street. A few blocks away, at Stonewall and McDowell streets, Proffitt Dixon developed the Presley apartments.

The market’s response to our Presley project at Stonewall and McDowell has been remarkable,” said managing principal Stuart Proffitt. “That experience has made us eager to be a part of the district’s continuing evolution.”

The south side of Stonewall Street is set to completely transform in the next few years. From Bank of America Stadium east, in order:

▪ Lincoln Harris is building a major mixed-use development on the former site of the Observer, starting with a 30-story office building.

▪ Crescent Communities is planning a mixed-use development and office tower called Tryon Place.

▪ Crescent is building a Whole Foods-anchored development with 450 apartments and two hotels next to the Blue Line light rail, called Crescent Stonewall Station.

▪ Northwood Ravin last week kicked off a high-rise apartment development that will include 421 apartments.

▪ Then there’s Montage, this Proffitt Dixon project.

▪ BK Partners is planning to buy and redevelop the county-owned Bob Walton Plaza building as part of its Brooklyn Village plan.

For those keeping track, yes, almost every single tract of land on Stonewall Street between the stadium and the I-277 loop is being redeveloped. The one exception is the Westin hotel, which is staying put – but directly behind it and just off Stonewall Street, the 615 South College office tower is nearing completion.

Betting big on South End

Charlotte architect and developer David Furman brought an initial concept for what would eventually become Camden Gallery to Camden Property Trust in 2012. It was an opportunity the firm’s principals couldn’t pass up, especially considering its location on the LYNX Blue Line in booming South End.

We already had a great presence in the South End submarket and another site in pre-design, so it was a quadruple-down in the market,” said Will Smith, director of real estate investments at Camden.

For full article click here http://www.bizjournals.com/charlotte/news/2016/10/28/betting-big-on-south-end.html

A new generation of tenants at 1616 Center

When it delivered late last year, 1616 Center addressed two needs in South End — creative office space and ground-floor shops. Designed by David Furman, the 76,000-square-foot mixed-use project, developed by Charlotte-based Beacon Partners, was envisioned as a unique product that would visually reflect the neighborhood’s dynamic character and serve a need in the market. The building quickly leased up.

The five-story building sits at one of South End’s prime intersections, next to Price’s Chicken Coop at Camden Road and Kingston Avenue. Adding to its value is its proximity to the LYNX Blue Line, steps away from the building’s front door and an easily marketable amenity for retail and office tenants alike.

For full article click here http://www.bizjournals.com/charlotte/news/2016/10/28/a-new-generation-of-tenants-at-1616-center.html

Charlotte construction firm upfits 1930s-era hangar for new office

Charlotte general contractor Edifice Inc. recently made a move from one adaptive-reuse office space to another in South End.

Edifice relocated this week from the former Coca-Cola bottling plant on West Morehead Street to the building at 4111 South Blvd., a structure built as two airplane hangars in the 1930s. The 20,000-square-foot building was dismantled and moved in 1955 to its current location in the Scaleybark part of South End, where it has since housed a crane-rental company, a tile shop and a boxing gym.

For full article click here http://www.bizjournals.com/charlotte/news/2016/11/04/charlotte-construction-firm-upfits-1930s-era.html 

10 Tryon is picking up steam again with some big changes

The project, as previously reported, will consist of two phases of office, retail and a Publix. The first phase will consist of nearly 90,000 square feet of of Class A office space.

What I love about it is that it stays true to the North Tryon vision. It’s not gigantic, the massing aligns perfectly with the Skyhouse buildings, the architecture is unique and colorful — and most of all, it’s interesting.

For full article click here https://www.charlotteagenda.com/64829/10tryon-picking-steam-big-changes/

Ten Tryon to add ‘non-corporate’ office space, full-service grocer to uptown

 

A project set to break ground next year could help catalyze momentum in northern uptown, which has lagged in development as the rest of center city booms.

A mixed-use development called 10 Tryon, led by David Furman of Centro Cityworks and Charles Campbell of Flagship Capital Partners, is planned for 631 N. Tryon St., between Ninth and 10th streets — a 1.4-acre site adjacent to SkyHouse Uptown. Centro and Flagship are under contract to purchase the property.

For full article click here http://www.bizjournals.com/charlotte/news/2016/09/09/david-furman-10-tryon-to-add-non-corporate-office.html 

Axiom’s New Promotion

Axiom Architecture is excited to announce the promotion of Matt Brown to Associate.  Matt is a licensed architect, an AIA member, and a valued leader at Axiom for nearly 4 years.

See Business Journal Recognition Plaque here