News in University City: Charlotte North Carolina
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People in need were winners at New Year’s Day 5K
Proceeds from the New Year’s Day 5K down North Tryon Street brought smiles and $1,000 checks to the leaders of four groups that help people in need in University City. Atrium Health, sponsor of the New Year’s Day 5K, presented checks to Hope Street Food Pantry, the Camino Community Center Food Pantry, the Jamil Niner Student Pantry and the Hub at Bread of Life. The inaugural running of the New Year’s Day 5K took place along North Tryon Street... read more
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
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
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
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
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 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