by Rich Haag | Nov 21, 2019 | Commercial real estate, Economic Development, Neighborhoods
University City is making headlines with its strong residential scene, as recent news reports underscore. Major neighborhoods are leading home sales in the Charlotte region. Several new communities along the LYNX line and both near and within University Research Park come with rich amenity packages. Here are the details: Highland Creek and adjacent Skybrook ranked in the top 6 neighborhoods in the whole Charlotte region for single-family closings in 2018, says the Business Journal. MORE The LYNX light-rail line along North Tryon Street keeps generating new housing announcements, most recently Lumeo Apartments near the University City Blvd Station and NOVEL University Place near the JW Clay Blvd Station. University Research Park is attracting new residents who want to live close to work, dining and the outdoors. Check out Mallard Pointe, NOVEL Research Park, Bainbridge Research Park and Aria at the Park, a for-sale townhome community on Governor Hunt...
by Rich Haag | Nov 21, 2019 | Business Growth, Commercial real estate, Economic Development, Job Growth in University City, UNC Charlotte
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....
by Rich Haag | Nov 6, 2019 | Business Growth, Commercial real estate, Economic Development
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...
by Rich Haag | Nov 6, 2019 | Commercial real estate, Economic Development, Events in University City
Crescent Communities held a grand opening on Nov. 5 for its latest apartment community, NOVEL Research Park. Located on the edge of University Research Park at West Mallard Creek Church Road and Senator Royall Place, the luxury apartment community features extensive outdoor amenities, modern farmhouse architectural design, and a convenient location near major employment centers and retail. NOVEL Research Park offers 280 one-, two- and three-bedroom apartment homes nestled in a wooded natural setting. The first residents moved into the apartment community in February. NOVEL Research Park is now about 60 percent leased. “We are excited to return to the dynamic University City area of Charlotte. I was pleased to be on the team that developed Crescent Alexander Village a few years ago, and the area has become one of the most sought-after locations to live in Charlotte,” said Michael Tubridy, Managing Director with Crescent Communities. “The design, location, and rich amenities of NOVEL Research Park have proven to be well-received by members of the community who live and work in the area already, and who appreciate a relaxed lifestyle and sense of community just minutes from employment centers and lifestyle retail options.” Extensive amenities Amenities at NOVEL Research Park work well with Crescent’s theme for the community: Where life unwinds. Residents can enjoy a heated resort-style saltwater pool, multiple outdoor grilling areas and fire pits, outdoor game yard, hammock garden, bike-share system, and a fitness center complete with a yoga/fitness studio and separate child play area. Crescent Communities says that it designed NOVEL Research Park to link the convenience and maintenance-free experience of a multifamily community with...
by Rich Haag | Nov 6, 2019 | Business Growth, Commercial real estate, Economic Development
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...
by Rich Haag | Oct 24, 2019 | Commercial real estate, Economic Development
University Research Park will soon have a new office building targeting “first-generation creative office space.” Crescent Communities has begun site work near David Taylor Drive and West Mallard Creek Church Road on the 158,000 square-foot building. The new office building, to be called Escent Research Park, will be the first multi-tenant office building erected in the park since the early 2000s. Several Resource Square office buildings along David Taylor Drive were developed by Crescent at that time. In a news release about the new building, Crescent Communities says that the new building will offer creative office space and an extensive amenity package along with abundant green space and outdoor gathering areas on its 20-acre site. University Research Park has several walking trails and segments of the Mallard Creek and Clarks Creek greenways, which in turn connect the park to several neighborhoods and UNC Charlotte. Filling the void for creative office space “We see a void in the marketplace for first-generation creative office space in the growing University Research Park area of Charlotte,” said Sagar Rathie, Vice President with the Commercial business for Crescent Communities. “Escent Research Park will provide a dynamic working environment that fosters connection, collaboration, and creativity in the second largest employment center within our region.” Crescent said it expects to complete the building in 2021 and is pursuing certifications including LEED, Fitwel and WiredScore. Well connected to nearby roads, retail and LYNX The site will have direct access to both Mallard Creek Church Road and David Taylor Drive. Office workers will also be just a short walk away from a planned retail center that...
