Resources for businesses, communities dealing with the coronavirus pandemic

Resources for businesses, communities dealing with the coronavirus pandemic

The NC Main Street and Rural Planning Center has prepared several resources to help businesses and communities respond to the massive challenges created by the coronavirus pandemic. Click on each of the four images and text links below to access downloadable resources. Tips for Small Businesses Tips for Downtown Programs and Community Leaders Tips for Small Businesses needing Customers   Chart of community...
These 4 new restaurants will tempt your tastebuds

These 4 new restaurants will tempt your tastebuds

Locally based restaurants offering Indian street food, Latin American street food, Southern fare and American comfort food and have opened recently in University City. Here are the details.   Chatpatay Casual Indian Kitchen Chatpatay opened its second Charlotte location last fall at 9211 N. Tryon St. close to the JW Clay Blvd Lynx Station. “We are a casual Indian restaurant where we bring the street food straight from Mumbai Chaupaati to Charlotte,” says the restaurant website, which describes Chaupaati as “one of the most famous public beaches in Mumbai where food enthusiasts enjoy a vast selection of street food from the “Thelas” or food carts.” The website has much more detail about the inspirations for its dishes, the people who will prepare your meal and the ambiance you’ll experience while dining. Most of the 78 reviews so far on Yelp for the University City location are enthusiastic. “An unassuming gem, tucked into a strip mall, this place is BURSTING with flavor,” reviewer Elise posted on Jan. 28. “As far as the food goes, it was AMAZING!!! Very tasty and different from the traditional Indian food,” Rick from California wrote after his visit on Jan. 2. The original Chatpatay is at 9101 Pineville Matthews Road in Pineville. Chatpatay at a glance 9211 N. Tryon St. (the former Kohl’s shopping center across from UNC Charlotte). Directions 980-875-7775 Open 11 am-3 pm and 5-9:30 pm Mondays, Wednesdays, Thursdays and Saturdays; 11 am-3 pm and 4-10 pm Fridays and Saturdays; Closed Tuesdays. Services: Order online. Catering. Delivery Website Yelp page   Cuzzo’s Cuisine University A food truck proclaiming “World Famous Lobster Mac-n-Cheese” has...
Major employer leases half of office building near LYNX

Major employer leases half of office building near LYNX

One of University City’s first office buildings has officially been reborn with the announcement on Jan. 14 that Principal Financial Group will occupy more than half of Proximity Park, at 401 McCullough Drive. Built in 1973 and renovated over the past year by new owner Tempus Realty Partners, the three-story office building holds about 205,000 square feet of space. Principal Financial Group, a major investment management and insurance company, will occupy the full third floor and part of the second floor, the Charlotte Business Journal reports. The company plans to begin moving in next summer. Based on industry averages, the 106,000 square feet of office space leased by Principal could accommodate roughly 600 people. Principal acquired Wells Fargo’s Institutional retirement and trust business last summer, including an employment center in Charlotte, The Business Journal reports. Read the full article   About Proximity Park Proximity Park is situated on a 32-acre campus beside I-85. Allstate had its Charlotte offices there until relocating to Innovation Park, the former IBM facility that now houses several major Charlotte employers. Tempus Realty Partners bought the property in 2017 and has spent more than $8 million on renovations. Colliers International is handling leasing. A big selling point is the property’s easy access to Uptown Charlotte via both I-85 and the LYNX light-rail line. Marketing materials say that the McCullough Drive LYNX Station on North Tryon Street is just a 7-minute, half-mile walk away. The property also has abundant parking and room for a second building. Jamie Boast, Chris Schaaf and Olivia Matthews with JLL represented Principal in leasing Proximity Park, and Brad Grow, Chandler Knox...
Tech firms are reshaping University City

Tech firms are reshaping University City

Charlotte has become a hot location for technology-based businesses, and many of these new, emerging or expanding companies are helping transform University City, as well. Check out these recent news stories: “Charlotte’s growing tech sector contributing to surge in office rental rates” The Charlotte Business Journal reports that rental rates are surging in Charlotte and nationwide, with growth in tech industries a major reason. CBRE, a national company that manages and leases commercial real estate, has designated Charlotte’s northeast submarket, which includes University City and University Research Park, as a prolific technology submarket here. Innovation Park, the former IBM manufacturing plant turned office park, is among several University City office buildings that have been sold, leased out, or announced for construction in the last few months.  MORE “Data analytics firm launched at UNC Charlotte (plans) to expand, add 200 jobs” UNC Charlotte reports that Stratifyd, a tech startup founded at UNC Charlotte, will expand its operations and add at least 200 jobs. The firm, launched in 2015 by former UNC Charlotte professor Derek Wang and two students, Li Yu and Thomas Kraft, grew out of research on the ways augmented intelligence could ingest, analyze and visualize structured and unstructured data. MORE “When the kitchen table just won’t do: 18 coworking spaces in the Charlotte area” CharlotteFive recently offered a look at this rapidly growing segment of the office market, where small businesses can find flexible space and, often, like-minded entrepreneurs. Making the list is Office Evolution Charlotte, located in the Two Resource Square building at University Research Park....
Commercial real-estate update

Commercial real-estate update

UNIVERSITY HIGHLANDS – FOUR RESOURCE SQUARE – SUVIDHA INTERNATIONAL MARKET Expanding United Rentals leases URP building United Rentals has begun hiring for 150 new positions as it shifts its Charlotte offices to University Research Park. The Stamford, Conn.-based equipment-rental company expects to completely fill the University Highlands building with nearly 500 employees by mid-2020. The 97,596- square foot office building, owned by Mohr Capital, is at 10330 David Taylor Drive. MORE   Four Resource Square office building sells for nearly $24.8 million The company that recently bought Resource Square office buildings One, Two and Five in University Research Park has added Resource Square Four to its portfolio. TerraCap Management of Florida paid nearly $24.8 million for the 151,849-square-foot building at 10735 David Taylor Drive.  “Resource Square IV is the fourth building we’ve acquired in the vibrant University submarket, providing us with a critical mass of product, which allows for economies of scale operations and increased leasing efficiencies,” said Steve Good, Partner and Director of Acquisitions at TerraCap.” MORE   Suvidha International Market opens near campus University City’s appetite for international flavors gets another boost with the recent opening of Suvidha International Market at 10008 University City Blvd. Suvidha has locations in Georgia and North Carolina, offering a wide range of Indian and Pakistani groceries including fresh Indian produce. Visit the store’s website and Facebook page to learn more and get details of current...
University City’s hotel hub rolls out the welcome mat

University City’s hotel hub rolls out the welcome mat

University City’s popular hotel hub keeps growing and improving, thanks to easy access to uptown, campus, Charlotte Motor Speedway and University Research Park. Completion of the UNC Charlotte Marriott Hotel and Conference Center, Hyatt Place, and Fairfield Inn and Suites will bring our hub to 22 facilities near North Tryon Street and Harris Boulevard. Hampton Inn and Suites, a short walk from the McCullough Drive LYNX Station, recently finished a refresh. See our directory (below) to learn who else is here!   Marriott Hotel and Conference Center taking shape at UNC Charlotte The UNC Charlotte Marriott Hotel and Conference Center will bring new energy to the North Tryon Street edge of campus when the facility opens in early 2021. The 221-key full-service hotel will have a two-story lobby, specialty restaurant and premier conference facilities designed to attract higher-education conferences, promote distant-learning business, and host both private and university-tied social functions. Besides hosting many campus events, the facility will certainly attract visitors coming to Charlotte for major events in uptown. An overhead walkway will link the hotel directly to the JW Clay Blvd LYNX Station. Learn more   Fairfield Inn and Hyatt Place coming near I-85 Fairfield Inn and Suites and Hyatt Place hotel will join a cluster of hotels already operating near the I-85 exit at West W.T. Harris Boulevard near I-85. Fairfield Inn and Suites, with 104 rooms, is at 535 Collins-Aikman Drive, next to the Homes2Suites by Hilton. Learn more Work started recently on the Hyatt Place Charlotte-University, located next to the Fairfield Inn and Suites. Learn more   Hampton Inn welcomes new LYNX-attuned guests The Hampton...