Planned tower will con­tinue evo­lu­tion of Char­lotte sky­line

The Charlotte Observer (Sunday) - - Encore - BY ELY POR­TILLO ely­por­[email protected]­lot­teob­

An 18-story of­fice build­ing is planned for South Tryon Street as part of the huge Legacy Union de­vel­op­ment, with con­sult­ing firm Deloitte as the an­chor ten­ant. It’s the lat­est in a flood of con­struc­tion that’s trans­form­ing South Tryon and Stonewall streets. Lo­cated next to a 33-story of­fice tower that’s un­der con­struc­tion, the new build­ing at 650 S. Tryon St. is planned for com­ple­tion in late 2020. “We wanted to do some­thing that was iconic in na­ture,” said Johno Har­ris, chief op­er­at­ing of­fi­cer of de­vel­oper Lin­coln Har­ris. It’s the start of the sec­ond phase of a 10-acre, two-block de­vel­op­ment that will ul­ti­mately trans­form a big chunk of up­town land next to the Carolina Pan­thers’ sta­dium. Lin­coln Har­ris of­fi­cials said they’re in talks with po­ten­tial ho­tel, mul­ti­fam­ily and re­tail de­vel­op­ers for the rest of the site. “We con­tinue to have sig­nif­i­cant con­ver­sa­tions with all types, whether that’s hos­pi­tal­ity, or mul­ti­fam­ily, or re­tail or even of­fice,” said Har­ris. “There’s a lot of mo­men­tum and we’re ex­cited about what comes next.” The Legacy Union de­vel­op­ment is un­der­way on the for­mer site of the Char­lotte Ob­server, which re­lo­cated two years ago to the NASCAR Plaza of­fice tower two blocks away. Lin­coln Har­ris and part­ner Gold­man Sachs bought the site for $37.5 mil­lion. Plan­ning doc­u­ments filed with the city show it could ul­ti­mately to­tal 5 mil­lion square feet of res­i­dences, shops, ho­tels, of­fice space and res­tau­rants. Deloitte will lease the top four floors of the 650 South Tryon build­ing, ac­count­ing for about 90,000 square feet of space. The build­ing will to­tal 362,000 square feet, in­clud­ing re­tail space fac­ing South Tryon that could be shops or res­tau­rants. Deloitte’s Char­lotte of­fices are cur­rently lo­cated across the street in the Duke En­ergy Cen­ter at 550 S. Tryon. “This move re­flects an ex­cit­ing new chap­ter in our rich Char­lotte his­tory,” said Theresa Drew, manag­ing part­ner for Deloitte’s Caroli­nas prac­tice, in a state­ment. Har­ris said the re­tail space in the new build­ing will to­tal about 10,000 to 11,000 square feet. Al­though they’re look­ing at res­tau­rants and other food and bev­er­age op­er­a­tors — which have dom­i­nated re­tail along Stonewall Street and much of up­town — Har­ris said there could be enough de­vel­op­ment now to lure some other kinds of stores. “We’re look­ing at ev­ery­thing,” he said. “You’re get­ting enough struc­ture there to drive all types of re­tail, not just food and bev­er­age.” Bank of Amer­ica is the main ten­ant at 620 S.h Tryon St., the ad­join­ing of­fice build­ing that’s un­der con­struc­tion. That build­ing should be com­plete early in the sec­ond quar­ter of 2019, Har­ris said.

Por­tillo: 704-358-5041


Ren­der­ing of the planned tower at Lin­coln Har­ris’s Legacy Union project.

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