Approximately $4.2 million in demolition permits — $3.5 million for the Charlotte Observer building and $740,000 for the other side of the site that includes its parking lot — have been issued in the past week for developer Lincoln Harris to begin its monster mixed use project on the site at Stonewall and Tryon in Uptown.
This site is bordered by Stonewall, Mint, Tryon and 277 with Church splitting it down the middle. Recently Lincoln Harris closed on the approximately 9 acre site for $34.1 million.
Lincoln Harris has been extremely tight lipped on their plans, but speculation and beyond tells me the site will finally bring us the retail we crave Uptown, huge additions to the Uptown hotel and office numbers and possibly some residential.
D.H. Griffin Wrecking Company is handling the demolition and they have a trailer on site. Fencing is going up around the site now so I imagine we will see things move quickly since permits have been issued. That said this demolition will be an extremely complex matter and we do not have an exact timeline yet.
Stay tuned as we get more information on the demolition timeline and full project plans.