NOVEL Research Park holds grand opening

NOVEL Research Park holds grand opening

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...
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...
Urgent-care center opens at JW Clay Blvd LYNX parking deck

Urgent-care center opens at JW Clay Blvd LYNX parking deck

Atrium Health has opened a new urgent-care location to bring more access to care in University City: Atrium Health Urgent Care University City. The center is in a truly unique location: the JW Clay Blvd LYNX parking deck. Atrium Health also opened a new urgent care facility on Oct. 1 in south Charlotte, Atrium Health Urgent Care Rea Farms. Both facilities are open 8 am-8 pm seven days a week. “Patients are eager for more alternatives when they get sick,” said Michael Staples, assistant vice president of Atrium Health Medical Group. “The new urgent care locations further our commitment to provide access to lower-cost, high-quality care, in a way that is most convenient for them.”   An alternative to hospital emergency rooms People suffering from a potentially life-threatening illness, such as chest pain, should always go to the emergency department, says Atrium Health. A full emergency room is located nearby at Atrium Health University City, 8800 N. Tryon Street. Patients needing treatment for less serious non-life-threatening illnesses and injuries can get that care at urgent-care centers, including the new University City facility.   Services offered at urgent care facilities Atrium Health urgent-care facilities are staffed by physicians, physician assistants and nurses to treat conditions such as sore throats, earaches, bronchitis, colds, flu, minor cuts, burns, strains and sprains. “At Atrium Health urgent cares, patients can be seen by a provider whether they are headed home from work or become ill early in the morning or later in the evening,” said Chris Branner, MD, Atrium Health’s specialty medical director of urgent care. “Even better, scheduling an appointment is as simple as...
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...