What is it?
Tryon Place is mixed-use project being developed by Crescent Communities that is set to transform an entire block at Stonewall and Tryon. Being built on the block bordered by Tryon, Stonewall, College and Hill Streets, Tryon Place is a $300+ million project consisting of office, retail, public space, hotel (possibly residences) and a massive parking deck.
Goodyear currently sits on the current site and you may have noticed that it’s now covered in art. This is a little preview of the commitment Crescent has to the arts and the creation of usable public space.
The project will consist of two high-rise towers, one consisting of 700K+ sqft of office space and the other will be a 300 room hotel (possibly a hotel & residence combo). The exact height of both is unknown at this time because demand is a driving factor in the final floor count of the office building. Estimates range anywhere from 27 to 42 stories. My guess is it’ll likely top out around 32.
The parking deck will add 1,500 spaces to Uptown’s parking count and provide ample parking for the office, retail and hotel users.
The most exciting component of this project is the retail and public space — 25K-35K sqft of space on the ground floor will be devoted to retail with the entire ground floor being dedicated to public use. Plazas, courtyards and greenspace will line the property creating space where people can mingle.
Why do you care?
The ground floor will be entirely accessible to the public with a key focus on activating the street level and bringing in pedestrians.
The current design has 13 retail spaces available and the primary focus of these spaces will be on restaurants to create a mecca for eating. There’s opportunity here because the EpiCentre has not created the “dining mecca” I’m looking for and Crescent is aiming to bring in quality restaurateurs and top design concepts.
Public art will be sprinkled throughout the plazas and there have even been talks of a beer garden in one of the retail spaces. Crescent also hopes to have art studios occupy some of the retail spaces.
As demonstrated in the site plans, Crescent is not just focusing on hotel guests and weekday office workers, they aim to create a 24/7 environment for all of Charlotte to use.
This, ladies and gentlemen, is Charlotte’s most transformative project — it will change everything Uptown.
When can you use it?
Current timeline calls for site work/utility relocation to begin this year with a groundbreaking in Q1 2016. Completion is currently on track for 2018.
Stay tuned to the Axios Charlotte as I will be covering this project and will report details as I receive them.