Former Solectron – Flextronics facility may become offices

Former Solectron – Flextronics facility may become offices

The former Solectron / Flextronics manufacturing facility near IBM Drive could become a multi-tenant office building with up to 455,000 square feet of space, a rezoning petition for adjacent property reveals. The Charlotte City Council held a hearing on the rezoning request by Westcore Properties at the City Council’s May 30 meeting. The petition filed by Westcore Properties asks that 6.2 acres on Penninger Circle, currently zoned for institutional uses, be rezoned to allow a surface parking lot. The lot would provide additional parking for Westcore’s building and 51 acres of land on Solectron Drive.   Parking lot needed for office expansion In a community meeting for the rezoning, held in March, Nick Markos of Westcore Properties said that the former manufacturing facility has 150,000 square feet of office space and about 300,000 square feet of manufacturing and research space. Markos said at the March meeting that his company plans to rehab the building and convert some or all of the manufacturing and research space to office use, depending on the needs of the new tenants. To successfully lease the additional office space, he said, the building must have additional parking. Westcore plans to add even more parking on land it already owns beside the building, Markos said.   Long history as manufacturing facility comes to an end Global electronics manufacturer Solectron build the facility in 1982, about the time that IBM opened its plant nearby. One of Solectron’s competitors, Flextronics, acquired the building when it bought Solectron in 2007. Flextronics sold the building and land to Westcore the following year, then leased space in the building. Flextronics closed...
Hundreds of new homes near our LYNX stations

Hundreds of new homes near our LYNX stations

Two residential communities near our North Tryon Street LYNX stations took big steps in the last week. Demolition began on two office buildings beside North Tryon Street to make way for ATAPCO’s five-story apartment building near the McCullough Station. Blu at Northline held a tour of its newly completed community the University City Blvd Station.   ATAPCO begins apartments at McCullough Station ATAPCO helped launch University City’s development boom three decades with the opening of our first office development, University Executive Park. Now the company is replacing two of its office buildings along North Tryon Street near the McCullough LYNX Station with a five-story apartment building that will internal parking, apartments and room for 5,000 square feet of street-level shops and other uses. University City Partners worked closely with ATAPCO on the project, to ensure that it sets the tone for high-quality transit-oriented redevelopment of North Tryon Street near the McCullough Station. Click here for details of ATAPCO’s new apartment building.   Our photo tour of Blu University City Partners Executive Director toured Blu at Northline on May 1 and took these photos of the 376-home apartment community at 6919 N. Tryon St., just south of the I-85 connector. “Connected Living Starts Here,” declares the community’s website. Residents can choose from studio, one-, two- and three-bedroom homes ranging in rent from $975 to $1,800 per month. Apartments come with granite countertops, stainless steel appliances and walk-in closets. Community amenities include a pool and sun deck, “bark park” for pets, cyber cafe and fitness center. Click here to learn more about Blu at...
Learn more about university hotel-conference center at May 7 community meeting

Learn more about university hotel-conference center at May 7 community meeting

What do the Metropolitan at Midtown, Aloft at the EpiCentre and Ritz-Carlton in Chicago have to do with University City? Three companies that helped create or operate each are working with UNC Charlotte to build its hotel and conference center at the JW Clay Boulevard LYNX Station. Learn more at 6:30 pm May 7, at a community meeting on the project at the university’s PORTAL building.   Facility near JW Clay Blvd Station could open in 2020 The university and its foundation are moving forward on design work for the hotel and conference center, to be located on 11.4 acres at the corner of North Tryon Street and JW Clay Boulevard. Niles Sorensen, president of the UNC Charlotte Foundation, said that the university hopes to see construction start in early 2019, with completion in late summer 2020. “Once completed, the full-service UNC Charlotte-branded Marriott hotel will provide 226 rooms and a 15,000-sq.-ft. state-of-the-art conference center,” Chancellor Phil Dubois wrote in his monthly Fast Five Update on April 2. The Foundation recently submitted a request to rezone 4.4 acres at North Tryon Street and JW Clay Boulevard for the project. The community meeting on May 7 is a required step in the rezoning process. “We are excited the University is investing in bringing another anchor to Charlotte and University City. Their design will fully embrace our efforts to make the JW Clay a walkable urban center,” said Tobe Holmes, planning and development director for University City Partners. Enticing new details A report given to the UNC Charlotte Board of Trustees in February and the site plan filed recently with the...
New Belgate buildings to offer dining and more

New Belgate buildings to offer dining and more

Two retail buildings near IKEA in the Belgate shopping center will soon come to life with shops and restaurants. Chipotle Mexican Grill and AT&T authorized retailer Portables recently received building permits for their stores at 6925 University City Blvd. Four other businesses have leased space, and Mi Pueblo Mexican Grill has begun building nearby. The two retail buildings are located on the east side of University City Boulevard just south of the I-85 Interchange. Starbucks, Firehouse Subs, Firenza Pizza and Venice Nail Bar will also open here. One final 2,100-square-foot space remains available.   About Firenza Pizza Firenza Pizza is a new national chain with one Charlotte location near Northlake Mall. Firenza’s stone hearth-baked pizzas can be customized with nearly 40 toppings. Website.  Facebook.   About Mi Pueblo Mexican Grill Across the parking area and closer to IKEA, work started recently on a 9,000-square-foot building for Mi Pueblo Mexican Grill. The full-service restaurant will be open for lunch and dinner and also offer catering. Mi Pueblo bought the 1.6-acre parcel last November for $1.05 million and is spending about $2.3 million on the building. Mi Pueblo has restaurants in the Galleria in south Charlotte, Afton Ridge in Concord and six other locations statewide.  Website. ...
Next big apartment building going up near campus

Next big apartment building going up near campus

The next big student apartment building is under construction across from campus on University City Boulevard. Haven Campus Communities recently took out building permits for nearly $35 million of construction, to build 332 apartments and a six-floor parking deck. The project is scheduled to open in fall 2018. Situated at the signalized Suther Road intersection and pedestrian crossing to campus, the new apartment community definitely meets Haven Campus Communities’ goal of offering convenient student housing. “Haven prides itself on providing student’s accessibility and conveniences by strategically selecting locations that promote academic lifestyle within the local university area,” said company founder and President Jay Williams in a news release about the new apartment community. “Our plan aligns directly with Haven’s development commitment to quality and safety, walkability to campus, along with our focus on innovation and technology.”   Prime location at a record-breaking cost per acre Such prime locations have become increasingly expensive in University City. According to county tax records, Haven Campus Communities paid a total of $1.12 million per acre for the 6.8-acre site – almost certainly a record for multifamily real estate in University City. The Haven residential building and parking deck will fill much of the site. The single residential building will rise up to five stories along University City Boulevard and three-four stories along Suther Road, Sandburg Avenue and a new public street. Each street will have a planting strip and sidewalk. Along University City Boulevard, that sidewalk will be a 10-foot-wide multi-use path with 15-foot-wide planting strip.   Design details Charlotte City Council unanimously approved the rezoning required for the new apartment community in...
The Arbors retail center sells for $25.1 million

The Arbors retail center sells for $25.1 million

The Arbors shopping center on Mallard Creek Church Road has a new owner. Westwood Financial recently bought the center, home to Trader Joes, Hickory Tavern and 17 other national and regional specialty retailers, for $25.1 million. The center is located across the street from University Research Park and is almost fully leased. Here are details of the sale, from a news release published by Westwood Financial on June 26. Westwood Financial Acquires Trader Joe’s-Anchored Shopping Center in Charlotte, North Carolina Charlotte, NC (June 26, 2017) – Westwood Financial LLC, a Los Angeles-based owner-operator of high-quality shopping centers with a portfolio totaling over $1.5 billion throughout the U.S., has acquired The Arbors at Mallard Creek, a 55,323 square-foot, Trade Joe’s-anchored neighborhood center in Charlotte, North Carolina for $25.1 million. “Trader Joe’s is one of the strongest and fastest growing specialty grocers in the nation today, outperforming other fresh format and traditional grocery stores in sales per square foot,” says Joe Dykstra, Co-CEO of Westwood Financial. “This retailer has created great customer loyalty, which we have experienced for many years in California, while differentiating itself by delivering a unique shopping experience and quality at a reasonable price point because 80 percent of its store merchandise consists of proprietary brands. With 464 stores in highly educated and affluent locations throughout the U.S., Trader Joe’s is a strong anchor-tenant at neighborhood centers such as The Arbors.” 98 percent occupied at acquisition, the center boasts a high-quality tenant mix of 19 national and regional specialty retailers, including Petco and Massage Envy, as well as restaurants such as Hickory Tavern, Zoë’s Kitchen, and more. “This center...