Crescent is bringing ‘creative office space’ to Research Park

Crescent is bringing ‘creative office space’ to Research Park

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...
Vacant office/warehouse could become Class A offices

Vacant office/warehouse could become Class A offices

Another major piece of the former IBM campus in University Research Park has sold to a company with big plans for redevelopment. Shorenstein Properties has bought a 490,000 square-f00t building and 51-acre campus at 6800 Solectron Drive, directly across IBM Drive from Innovation Park – the business park that operates in the former main IBM facility. Innovation Park also has new owners with plans for major expansion (read article). Shorenstein Properties, based in San Francisco, paid $10.5 million for the building and property at 6800 Solectron Drive. In a news release about the sale, the new owner said it “intends to extensively redevelop the property into a high-quality Class-A office project with outdoor amenity space, increased parking capacity, and enhanced access to surrounding roadways.” Roughly one third of the building currently is office space; the rest is warehouse space. Built in 1982 as part of IBM’s manufacturing facility here, the building for many years was leased by Flextronics before the company closed its Charlotte operation. The previous owner, Westcore Properties, announced plans in 2018 to redevelop the building for office space.   Shorenstein attracted by great business neighbors and location In explaining its decision to buy and redevelop the property, Shorenstein notes in its news release that the property sits in the heart of the University City submarket of Charlotte and directly across IBM Drive from Innovation Park. “University City has long been a dynamic corporate hub and educational epicenter for the city of Charlotte, and we are pleased to expand our footprint in the region with the acquisition of 6800 Solectron,” said Matt Knisely, Managing Director at Shorenstein...
New owners have big plans for Innovation Park

New owners have big plans for Innovation Park

Innovation Park, the largest office complex in University Research Park, has new owners with ambitious plans that include more offices, housing, shopping and more. Partners Group and Accesso Partners recently purchased the sprawling former IBM manufacturing facility and 200 acres of property for $270 million. The new owners are developing plans that could nearly double the amount of office space, plus add up to 1,000 apartments, retails pace and a hotel, the Charlotte Observer and Charlotte Business Journal report. The facility has already undergone tremendous growth since the previous owner, BECO Management, purchased the complex for $41.2 million in 2010, at the height of the great recession. Several thousand people now work at Innovation Park. Major tenants include Allstate, Wells Fargo and AXA. Read more about the Innovation Park sale from: The Charlotte Observer The Business Journal   Neighboring office/warehouse also has sold for office redevelopment A nearby office/warehouse that IBM built in 1982 also has a new owner with plans for major redevelopment. Shorenstein Properties has bought a 490,000 SF office/warehouse and 51 acre campus at 6800 Solectron Drive, directly across IBM Drive from Innovation Park. In a news release about the sale, the new owner said it “intends to extensively redevelop the property into a high-quality Class-A office project with outdoor amenity space, increased parking capacity, and enhanced access to surrounding roadways.” Read more about the 6800 Solectron Drive...
UNC Charlotte in the news

UNC Charlotte in the news

UNC Charlotte starts the 2019-2020 school year with impressive numbers, a new leader for Big Data work, and several construction projects including the $101 million Science Building. Campus construction report The Recreation Center and and Science Building go up; Moore Hall comes down. And that’s not all. MORE Winning numbers UNC Charlotte released this report on student enrollment, achievement and other numbers (and the numbers look good!). MORE Helping harness big data Meet Doug Hague, the new leader who help steer the university’s public-private big-data initiatives....
Hiring fair Sept. 24-25 for 100s of positions

Hiring fair Sept. 24-25 for 100s of positions

Chime Solutions, a rapidly expanding support center/call center company with offices in University City, will have a hiring fair Sept. 24-25. Chime is looking to hire 400 people for their first training cohort that will begin in early October. Over time, Chime plans on hiring 1,000 employees for its Charlotte operation.   About the hiring fair and positions available Charlotte’s Economic Development Department is working with Chime Solutions to find new employees. Chime Solutions says it seeks “energetic, customer care-focused individuals interested in joining our Business Process Outsourcing Teams. Customer service experience preferred.” Chime is looking to hire 400 people for their first training cohort that will begin in early October. Over time, they plan on hiring 1,000 employees. Chime is recruiting for the following positions: Operations Manager; Service Delivery Consultant; Service Delivery Manager; Real Time Analyst; Facilities Manager; Helpdesk Support. The base pay for these jobs is $14, and employees are hired for a 40-hour week. The company also offers benefits and is looking to integrate additional supportive services to their employees. Chime Solutions says it will hire candidates with previous offenses as long as they are not felonies, or crimes of integrity (theft, fraud, etc).   Hiring fair times and locations Tuesday, Sept. 24, 1-4 pm – NC Works Career Center, 5601 Executive Center Drive, Suite 100, Charlotte, NC 28212. Directions Wednesday, Sept. 25, 10 am-2 pm – Urban League of Central Carolinas, 740 W. Fifth St., Charlotte, NC 28202. Directions   The application process The hiring fair will entail a company overview, computer assessment, and individual interviews. Chime says it plans to offer conditional hiring pending a background and drug test.   Chime Solutions...
City rezoning seeks to raise bar for transit-oriented development

City rezoning seeks to raise bar for transit-oriented development

Scores of properties along North Tryon Street near University City’s LYNX light-rail stations could soon have new zoning that will provide for more urban development near the stations, along with higher standards regarding issues such as walkability, public space and architecture. The City of Charlotte seeks to rezone these properties and thousands more near LYNX stations to ensure that city’s vision for transit-oriented development becomes reality. A rezoning petition was recently filed by the city for 2,640 parcels totaling 1,915 acres within short walks of the Blue Line transit stations. The petition asks the city to replace a wide range of office, commercial, residential and industrial zoning categories with four variations of the recently approved Transit Oriented Development zoning. What are Transit Oriented Development Districts? The TOD zoning classifications seeks to create walkable urban neighborhoods within a half mile of each LYNX station. According to a city planning website, “The purpose of the Transit Oriented Development (TOD) Districts is to encourage and enable the development of moderate to high-intensity, compact, mixed-use urban neighborhoods near transit stations where people can live, work, shop, dine, and pursue cultural and recreational opportunities while enjoying a range of mobility choices. “TOD development standards, combined with limits on auto-centric uses, are designed to create vibrant neighborhoods with a robust network of streets, sidewalks, and bicycle paths, providing safe and convenient access to transit stations. “The TOD zoning districts allow taller buildings and more building density while requiring higher standards regarding issues including walkability, public space and architecture.”   Light-rail expansion fueling a burst of redevelopment The opening of the LYNX Blue Line Extension in...