Crescent Communities is seeking final approvals from Mecklenburg County for the construction of a 31-story high-rise at 1102 S. Tryon St. in South End. The company has obtained permits totaling $126.3 million from the county.
According to an article by the Charlotte Business Journal, Crescent and Nuveen Real Estate announced their joint project in February of 2022. The developers purchased the 3-acre property at Carson and South Tryon streets for $37 million.
The mixed-use development, known as Carson & Tryon, will feature a total of 560,000 square feet of office space, along with 10,000 square feet dedicated to retail businesses. Additionally, it will include Novel-branded apartments (200 units) and a boutique hotel with room for up to 200 guests.
One unique aspect of this development is its expansive sky terrace spanning over18 ,000 square feet that offers outdoor meeting spaces and casual lounge areas with unobstructed views uptown and South End . There will also be an indoor amenity lounge covering12 ,000 square feet which includes fitness facilities , locker rooms , wellness programs as well as on-site conference rooms .
Office leasing at this project is being handled by Virginia Luther and Dillard Williams from Spectrum Cos.
In summary: Crescent Communities plans to construct a new high-rise building on S.Tryon St., pending approval from Mecklenburg County after obtaining necessary permits worth $126.3 million.The joint venture between Crescent and Nuveen Real Estate was announced in February2022 when they acquired land worth$37million.This mixed-use development named “Carson &Tryon”will have office space(560k sq.ft.),retail area(10k sq.ft.),Novel-branded apartments(200units),and about100roomsfora boutique hotel.A notable feature includesan expansive sky terrace covering18k sq.ft. with outdoor meeting spaces and casual lounges offering unobstructed views of uptown and South End.Additionally, there will be a 12k sq.ft.indoor amenity lounge with fitness facilities, locker rooms, wellness programs,and conference rooms.The Spectrum Cos.’ Virginia Lutherand Dillard Williamsare responsible for office leasing at this project.
