[Rhodium]

CATS has selected the White Point Partners/Dart Interest joint venture to begin discussions for the redevelopment of the Charlotte Transportation Center in uptown

Charlotte developer White Point and its partner, Texas-based DART Interests, are proposing two options for the site’s redevelopment. The firms are asking CATS to donate the transit center property to an entity that would be controlled by the partnership. In return, CATS would license or lease the new transit facility at no cost.

Plans for the first option call for a 20-story office tower, a hotel and ground-floor retail, with the bus facility on the ground floor.

In the second option, the partnership would build a 30-story tower and move the transit center one block to the southwest, to the site the firms acquired. Both options would create a “large-scale, mixed-use development” on the land the partnership acquired, the transit center site and around 1.7 acres that the firms said they have under contract to purchase at the southeast corner of Brevard and 4th streets.

The document estimates the first option would cost around $375 million, and the second would cost around $387 million.

https://www.charlotteobserver.com/ne...234155597.html