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May. 23, 2014

Spectrum Properties to Build LEED Gold Office Tower in Uptown Charlotte

By Eliza Theiss, Associate Editor

Charlotte’s Uptown is getting a new office high-rise, announced Cornerstone Real Estate Advisers.  The new structure will rise 25-stories high at the corner of Tryon and Third Street and bear the name 300 South Tryon Street. Designed by LS3P, the Class A office tower is set to break ground in the fall of 2014 and complete in the spring of 2017.

The office tower will feature about 620,000 rentable square feet of Class A office space on floors two through 25 with 25,000-square-foot average floor plates. Amenities will include a two-story lobby on the corner of Third and  Tryon streets; Club 300, a 10,000-square foot fitness center; street-level commercial space including a coffee shop just off the lobby; a tavern restaurant facing the adjacent Romare Bearden linear park; and an upscale two-story restaurant with terrace seating overlooking Tryon Street. Primary parking will be provided in 408-space four-level underground parking facility. A 320-car above-ground deck owned by the building across Third Street will provide additional parking.

Developer Spectrum Properties is targeting a LEED Gold certification. In order to achieve the coveted certification, features such as a state-of-the-art water-management system and an energy-efficient use of natural daylight will be implemented. Further sustainable features include expansive use of sustainable materials during construction, preferred parking and charging stations for low emission vehicles, secure bicycle racks and recycling areas within the building.

The office high-rise will benefit from excellent location, sitting between the Duke Energy, Wells Fargo and Bank of America campuses as well as adjacent to the new BB&T Ballpark.

Babson Capital Management has been announced as the anchor tenant of the property, leasing 200,000 square feet of the building’s overall total of 632,385 square feet, reported the Charlotte Business Journal. According to the same source, the 1.6-acre building site is owned by a Cornerstone Real Estate Advisers affiliate.  Spectrum Properties is also planning to develop a 208-key upscale boutique hotel at the corner of Third and Church streets, adjacent to the office high-rise. The future hotel will reportedly be connected to the office building via escalators from the main lobby.

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Image credits: Spectrum Properties 

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