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May. 10, 2013

22-Story Second Ward Mixed-Use Development on Track for Completion

By Eliza Theiss, Associate Editor

What was once an unfinished eyesore in Charlotte’s Uptown is now shaping up to be a prized downtown asset. Formerly named The Park, the 21-story building under development at the corner of South Caldwell and East 3rd Streets is now known as SKYE Condominiums—but the mixed-use development will feature far more than just condos.

Alongside the 67 luxury condo units, two penthouse suites will also be featured, as well as a 172-key limited-service hotel, street-level retail, a rooftop restaurant and bar. The property’s condo component will take up floors 14 through 19 and will be made up of one- and two-bedroom condominiums in several layouts, with floor spaces starting at 700 square feet for one-bedroom units and reaching 2,500 square feet for two-bedroom condos.

All units feature state-of-the-art stainless steel appliances, granite countertops and large-scale terraces. Both penthouse suits will be located on the 21st floor, offering sweeping views of Uptown Charlotte and 3,500 square feet of open living space. The three-bedroom, three-and-a-half bathroom units also offer a two-story great room, formal dining room, and gourmet kitchen with a wet bar, among other features.

SKYE Condominiums residents will enjoy amenities such as a theatre room, fitness center, rooftop pool and sun deck, demonstration kitchen and wet bar, party room, game and billiards room, lounge complete with an E-room, private mail room, additional storage space, and bicycle storage. Other building amenities include a green roof with open space walkways, 24-hour security and concierge service, five high-speed elevators, resident room service, and valet parking.

The property’s ground floor will be taken up by retail, while part of the rooftop will be occupied by a restaurant and bar. The property will also feature a five-story parking garage with three levels of residents-only, controlled access.

The high-rise is seeking LEED certification from the U.S. Green Building Council. The McDevitt Agency is the designated broker for SKYE’s 67 condos, of which, according to the Charlotte Business Journal, 24 are already under contract. The same source reports the first residential units will be delivered in the third quarter of the current year, with the hotel component, a 172-key Hyatt dubbed Hyatt Place Charlotte/Downtown, opening late in the third quarter as well. In the lead-up to the September opening of the hotel, which will occupy the lower levels of the high-rise, Hyatt veteran Don Lockhart has been appointed general manager.

SKYE’s current owner and developer, Small Brothers Charlotte LLC, acquired the building, then an unfinished 106-unit condo project, in 2009 for a little over $4.5 million. It subsequently increased its area ownership by purchasing two adjacent parcels to increase pedestrian and vehicle access to the high-rise. Award-winning international design firm Perkins Eastman is architect of the project, while Cleveland Construction Inc. is the designated construction management firm.

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Image courtesy of SKYE Condominium’s Facebook page


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