Quote:
Originally Posted by Atlanta3000
I am curious why cities smaller than Charlotte are seeing exponentially more high-rise development. Cities such as Austin and Nashville. Any thoughts?
|
before the crash Charlotte had a glut of condo towers built such as the 51 floor Vue. Demand is just now catching back up. Office tower demand was affected by Wachovia's buyout by Wells Fargo and the merger of Duke Energy and Progress Energy, but office occupancy rates are very high so demand has increased for more office towers. Here's a rundown of under construction and announced towers 10 floor and higher:
Under construction:
Skyhouse Charlotte Tower One - 24 floors
Childress-Klein apartments - 22 floors
Embassy Suites Uptown - 10 floors
Planned:
Tryon Place - 27 occupied floors (over 400 feet)
300 South Tryon - 25 occupied floors (over 400 feet)
Skyhouse Charlotte Tower Two - 24 floors
Levine properties hotel/condo at Midtown - 285 feet
Dual branded hotel at Epicenter - 20 floors
Springhill Suites at City Center Green - 17 floors
615 South College office tower - 15 floor
Tryon Place hotel component - ~10 floors
EDIT: I edited the list to add a few more I had forgot about.