The 2018 opening of the Blue Line Extension between UNC Charlotte and Center City launched a massive reshaping of the North Tryon Street corridor in University City. Look for these four public and private projects to focus that transformation on University Place over...
Commercial real estate
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...
In a year of big sales, Innovation Park ranks 2 AND 1
The sale of Innovation Park ranks as Charlotte’s No. 2 biggest commercial-real estate deal of 2019, says the Charlotte Business Journal. The former IBM plant-turned-mega-office center sold for $270 million, making it 2019’s No. 1 suburban office deal, as well. The...
Solectron redeveloper adds Mallard Creek Road property
Shorenstein Realty Services, which announced plans in October 2019 to redevelop a massive former IBM office-warehouse facility on Solectron Drive, recently bought land that could provide a major entrance on Mallard Creek Road. Shorenstein acquired the longtime...
Tru by Hilton coming to University City near IKEA
The Charlotte Observer reports that a Tru by Hilton hotel is planned for University Pointe Boulevard at I-85, based on permits filed recently with the city. The location is beside the Holiday Inn Express and Suites at 6020 University Pointe Blvd. Both properties are...
Novant proposes N. Tryon medical offices
Novant Health has applied for a rezoning to allow a hospital or medical offices at North Tryon Street and Mallard Creek Church Road, the Charlotte Observer reports. The plan calls for up to 144,000 square feet of surgery centers, clinic space, emergency rooms and/or...
Darlene Heater receives ULI Charlotte leadership award
University City Partners Executive Director Darlene Heater is among 11 women who were honored on Dec. 9 as ULI Charlotte Champions in Real Estate by the group’s Women’s Leadership Initiative. The new award recognizes the most influential women in the real estate...