News in University City: Charlotte North Carolina

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Major employer leases half of office building near LYNX

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 owner Tempus Realty Partners, the three-story office building holds about 205,000 square feet of space. Principal Financial Group, a major investment management and insurance company, will occupy the full third floor and part of the... read more
In a year of big sales, Innovation Park ranks 2 AND 1

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 region’s biggest deal was the sale of the 33-floor Bank of America Tower at Legacy Union, The Business Journal reported in its annual listing of the region’s top 10 deals. Both the Bank of America Tower, which sold... read more
Solectron redeveloper adds Mallard Creek Road property

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 Flextronics facility and 51 acres at 6800 Solectron Drive in October for $10.5 million. In November, Shorenstein paid $1.84 million for a total of 12.1 acres plus two homes and a garage along Mallard Creek Road and Penninger Road. With the additional... read more
Tru by Hilton coming to University City near IKEA

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 part of the Belgate Shopping Center. IKEA’s Charlotte store is located nearby.   About Tru by Hilton Tru by Hilton targets younger travelers with rooms under $100 per night plus amenities such as digital check-in;... read more
Restaurant opens in JW Clay Blvd LYNX parking deck

Restaurant opens in JW Clay Blvd LYNX parking deck

Retail space at the JW Clay Blvd LYNX parking deck has its second tenant. Sabor Latin Street Grill opened in December on the JW Clay Boulevard side of the building. Atrium Health Urgent Care University City opened in October. Sabor is a locally owned fast-food chain featuring foods from several Latin American countries, plus beer, wine and cocktails. The University store at 9325 JW Clay Blvd. is Sabor’s 14th location and its first at a light-rail stop. The restaurant... read more
Novant proposes N. Tryon medical offices

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 other health uses on the 23.6-acre site, which is near UNC Charlotte and borders Mallard Creek Greenway and the Thornberry Apartments.   Rezoning details The site plan filed with the rezoning says buildings will be... read more
I-85 North Bridge project moves forward

I-85 North Bridge project moves forward

Charlotte’s engineering department reports that construction should begin in early 2021 on the future I-85 North Bridge connecting University Place and University Research Park. The bridge and associated new and upgraded roadways should open in early 2024. Funded by Charlotte and the state, the I-85 North Bridge and its partner, the already completed I-85 South Bridge, will provide much improved linkage between University Research Park employment hub and two major LYNX light-rail stations along North Tryon Street. Current work on... read more
Post-holiday withdrawal? Re-energize with these great activities!

Post-holiday withdrawal? Re-energize with these great activities!

January can seem especially dull after the calendar-packed days of December – but you never have to be bored in University City! Here’s a quick look at a few of the opportunities that await you, including several that are free!   FEATURED: Enjoy 3 Faculty and Friends concerts! The Faculty and Friends concert series showcases the musical talent of UNC Charlotte’s Department of Music faculty. Upcoming concerts (all starting at 7:30 pm at Rowe Recital Hall) include: Asst. Professor... read more

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