Commercial Real Estate Roundup – September 2020

September 2020 report on commercial real estate in University City – Charlotte

Escent walking trail and joggers

The campus has extensive courtyards and trails plus easy links to 13 miles of county greenways

Crescent Communities redefining creative office space at Escent Research Park

  • Four-story, 159,000 SF Class A creative office community to open in 2021 near I-85
  • Two large courtyards include indoor and outdoor spaces for collaboration, respite, meetings
  • Light-filled lobby and amenity center offer alternative workspaces for creativity, collaboration
  • Efficient +/- 45,000 SF floor plans with virtually column-free layouts provide flexible interior design
  • Connectivity is key. Crescent is seeking Wired Certification of Escent’s digital infrastructure
  • Building’s topping-out milestone was celebrated Aug. 24, 3 months after first panel was set
  • For leasing information, contact Joe Franco or Stephanie Spivey at CBRE

University City Wine Fest returns Sept. 16-20

  • Five days of wine-flavored events include the main festival on Sept. 19
  • Redefined Wine Fest will take place at Armored Cow Brewing Co. at University Place. MAP
  • Sign up now for group tables offer seating for 10 and special services

Panorama Holdings gets $44.5 million construction loan for Lumeo Apartments

  • Broadshore Capital Partners of LA providing the senior construction loan
  • 314-unit community is under construction near University City Blvd LYNX station
  • Panorama also developed $70 million Blu at Northline Apartments nearby
  • MORE

2 apartment communities near Harris Blvd & Davis Lake Pkwy have new owners

  • Addison Park, with 426 units, bought by The Dermot Co. for $75.5 million. Map
  • The Hamptons, with 180 units, bought by Covenant Capital Group for $31.5 million. MAP
  • Last owner of Addison Park bought it for $51.9 million in 2016, Business Journal reports
  • MORE

September Fast Fact

13 miles – Approximate total distance of greenway network through University Research Park, UNC Charlotte and nearby neighborhoods

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