State of the Center City - Charlotte Center City Partners

2014
STATE
OF THE
CENTER CITY
CHARLOTTE
2014
STATE
OF THE
CENTER CITY
CONTENTS
03 Building To Win
The annual State of the Center City report highlights
the growth and development of Charlotte’s urban core.
This report is prepared by Charlotte Center City Partners
(CCCP), a 501(c)4 not-for-profit corporation that envisions
and implements strategies and actions to drive the
economic, social, and cultural development of Charlotte’s
Center City.
The vision for Charlotte’s Center City is one that is viable,
livable, memorable and sustainable, with modern
infrastructure, a tapestry of great urban neighborhoods,
and a diversity of thriving businesses. As defined in this
report, Center City includes Uptown, which is Charlotte’s
Central Business District (CBD), South End, and a portion
of the Midtown neighborhood. Data associated with the
term ‘3 Mile Ring’ pertains to the neighborhoods within
3 miles of “The Square” at Trade and Tryon streets.
04 Work
10 Live
14 Shop
18 Play
22 On The Go
28 On The Horizon
CENTER CITY CHARLOTTE
Lincoln
Heights
University
Park
Oakview
Terrace
J.T.
Williams
Druid Hills
North
Washington
Heights
Lakewood
Oaklawn
Park
Sugar Creek
Double
Oaks
Druid Hills
South
McCorey
Heights
Smallwood
Enderly
Park
Biddleville
Tryon Hills
North
Charlotte
Greenville
Lockwood
Seversville
Optimist
Park
Wesley Heights
Ashley Park
Uptown
Bryant Park
Belmont
Villa
Heights
Plaza
Hills
Plaza Midwood
Westover
Hills
West Boulevard
Wilmore
Commonwealth
Revolution
Park
Brookhill
Elizabeth
1 MILE
Midtown
South
End
Chantilly
Cherry
Dilworth
Coliseum
Drive
Southside
Park
2 MILES
Eastover
Sedgefield
Park Road/
Freedom Park
3 MILES
Myers
Park
BUILDING TO WIN
For signs that Charlotte is emerging from a sluggish economy and welcoming a new era of growth, simply take a look around Center City.
Two great urban spaces in Third Ward took shape in 2013. Romare Bearden Park is now open and has already become an Uptown icon, and we are looking
forward to the completion of the BB&T Ballpark in time for opening day. These uniquely Charlotte landmarks will offer community gathering places for
generations to come, and serve as destinations for tourists and visitors. And, with the creation of Childress Klein’s 352-unit apartment tower on Martin Luther
King Boulevard, a new ballpark neighborhood is on the rise.
The development boom in South End is also big news, as a new Charlotte residential neighborhood continues to grow before our eyes. Residents will create
a market for new retail and services, including the new Publix currently under construction, and the retail space at the Camden Gallery mixed-use project
at South and West Boulevards.
We also saw a positive trend in Uptown office absorption and vacancy, which remains at a steady 8.1%, on par with or below peer cities. Significant investment
in employment growth, tipping over 100,000 employees in Uptown for the first time, reflects confidence in the market and in the strong recovery from the
recession. Even South End is getting into the office market game, with an announcement by Centro CityWorks to build a new office and retail project on
Camden Road. With this burgeoning office market, we will see an increase in daytime population and demand for more retail.
On that topic, we can celebrate a successful retail year, with significant sales increases for the 17 vendors
at the 7th Street Public Market, and the opening of new restaurants, breweries and shops in Uptown and
South End. In 2014, we look forward to implementing strategies based on recently completed retail studies.
It was a year for making great strides in building out our community’s 2030 Transit Plan. Construction on
both the Blue Line extension and streetcar is underway, and our increasingly diverse transportation system
includes several new B-cycle stations, putting us that much closer to creating a “city of bikes.”
On foot, residents enjoyed the revamped production of a longstanding Charlotte tradition, the Novant Health
Thanksgiving Day Parade. We are grateful to Novant Health for their generous sponsorship of the event that
creates so many wonderful memories for our region’s families.
Ernest W. Reigel
Chairman,
Board of Directors
Michael J. Smith
President & CEO
We see opportunity everywhere: vision and master plan recommendations for development opportunities
on North Tryon Street; redevelopment of the North End and Applied Innovation Corridor; Levine Properties’
development of the First Ward Urban Village and groundbreaking of First Ward Park; and plans for creating a
unique urban linear park along the Rail Trail in Uptown, South End and other South Charlotte neighborhoods.
Thanks to the pioneering spirit and vision of our workers, residents and companies, Center City Charlotte
continues to be the place where “can-do” is a way of life.
03
WORK
With rising employment, declining
vacancy rates, expansion within existing
companies and the arrival of new ones,
Center City Charlotte defied trends
in 2013 and showed the nation how
a pro-business city works.
FAST FACTS UPTOWN
2
Square Miles
04
100,000 7.3 MILLION
Total Employees
21 MILLION 42%
Office Square Feet
PRESENTED BY
Of All Office Square Feet In County
LEED Certified Office Square Feet
8.1%
Office Vacancy
The Dilweg Companies is a commercial real estate investment
and development company that owns Uptown’s 121 West Trade
Building, located at Trade and Tryon. To learn more about the
company, visit www.dilweg.com. For 121 West Trade leasing
inquiries, email [email protected]
or call 704.335.4441.
Pictured: 121 West Trade Street
Uptown employment continues to grow, surpassing over 100,000 employees.
Access to talent, amenities and housing are the factors driving this growth.
LEADING INDUSTRIES IN CENTER CITY Leading companies such as Jeld-Wen, windows
and doors manufacturer, and JP Morgan Chase
entered the Center City market.
Source: Charlotte Center City Partners; U.S. Census Bureau Local Employment Dynamics On the Map (2013)
UPTOWN EMPLOYMENT GROWTH
05
Source: Charlotte Center City Partners (2013); U.S. Census Bureau Local Employment Dynamics On the Map (2013)
Uptown office vacancy is 8.1% and declining;
above the 10th floor, the vacancy rate is 2.5%.
This has resulted in several proposed office
projects at various stages of planning.
VACANCY RATES OF PEER CITIES
OVERALL NEW DELIVERIES, NET ABSORTION
& VACANCY RATES IN UPTOWN
Source: Jones Lang LaSalle, Q3 2013
BLOCKS OF CONTIGUOUS OFFICE SPACE IN UPTOWN
06
SQUARE FEET
NUMBER OF BLOCKS
25,000 – 50,000
12
50,000 – 100,000
6
100,000 – 200,000
200,000+
0
Source: Charlotte Center City Partners (2013)
1
“Parkway Properties believed that the Charlotte market was essential in its
efforts to build a portfolio of properties that would benefit from the strong
economic recovery witnessed across select markets in the Sunbelt. A growing
and diversified employer base, combined with a resilient financial services
sector, make Charlotte an attractive market for office real estate investment.”
- Bryan Howell, Managing Director, Parkway Properties
RECENT UPTOWN BUILDING TRADES
OFFICE SHARE BY SUBMARKET
BUILDING NAME
RENTABLE BUILDING AREA
LAST SALE PRICE
Ally Center
368,092
$60,477,000
Hearst Tower
938,933
$250,000,000
Fifth Third Center
665,251
$163,000,000
525 North Tryon
430,700
$47,350,000
NASCAR Plaza
390,000
$99,900,000
Wake Forest Charlotte Center
460,000
$72,500,000
One Wells Fargo Center
986,000
$245,000,000
121 West Trade
330,000
$59,600,000
TOTAL
$997,827,000
Source : CoStar; Charlotte Center City Partners (2013)
Source: Jones Lang LaSalle (2013)
07
The University of South Carolina MBA program joined the growing education cluster in Uptown.
HIGHER EDUCATION INSTITUTIONS
WHERE UPTOWN EMPLOYEES LIVE
INSTITUTION
ENROLLMENT
Central Piedmont Community College
19,500
Johnson & Wales University
2,400
UNC Charlotte - Uptown Campus
1,600
Johnson C. Smith University
1,670
Charlotte School of Law
1,400
Presbyterian School of Nursing at Queens
550
Carolinas College of Health Sciences
440
Montreat College
400
Kings College
500
Northeastern University Charlotte Campus
200
Wake Forest University Charlotte Center
200
University of South Carolina - MBA program*
60
TOTAL 28,920
*Expanded to Uptown in 2013
Source: National Center for Education Statistics; Institute of Education Sciences;
Charlotte Center City Partners (2013)
EDUCATIONAL ATTAINMENT (WORKERS)
LESS THAN 2%
08
Source: U.S. Census Bureau Local Employment Dynamics On the Map (2013)
2% - 4%
4% - 6%
6% & GREATER
Source: Kingsley, Christopher E. “Employment in Uptown Charlotte: Measuring the importance
of the Charlotte CBD to the City and the Region” Charlotte Center City Partners (2013)
MAJOR TRANSACTIONS IN 2013
ACCOLADES
The Dilweg Companies, based in Durham, completed the
purchase of 121 West Trade building for $59.6 million. The
330,000-SF building is the home of the Charlotte City Club.
Chicago Bridge & Iron is its largest tenant (117,000 SF).
No. 2 Best Airport
for Making
Connections
Marriott International Inc. purchased the Marriott Center
City for $111 million. The 438-room hotel will be renovated
and eventually sold to a buyer who will enter into a longterm management contract with the company.
No. 4 Fastest
Growing City Since
Recession
Starwood Capital Group and Vision Equities purchased
One Wells Fargo for $245 million. The 42-story, 986,000 SF
building is 70% occupied by Wells Fargo.
The Shidler Group acquired the Wake Forest University
Charlotte Center Building for $72.5 million. The 460,000 SF
building is approximately 90% leased by Bank of America,
and the remainder houses Wake Forest’s MBA program.
No. 7 Top Cities
for Small Business
Source: Nerdwallet.com, August 2013
Source: Travel Leaders Group ranking
of U.S. airports
No. 8 Best City
for Jobs
Source: Forbes.com, May 2013
Source: Forbes.com
No. 5 Fastest
Growing Metro
2000-2012
No. 9 Top Moving
Destination
Source: Penske Truck Rental
Source: U.S. Census ranking
of 52 metro areas
No. 5 Most Installed
Solar Power
Generation Capacity
Source: SNL Energy ranking of all states
No. 9 Most Job
Openings per Capita
Source: Beyond.com May 2013 ranking
of 50 cities
Adolfson & Peterson exercised its option to purchase
The Fowler Building in South End for $2.5 million.
The Metropolitan complex sold for $94.5 million
to institutional investors.
No. 6 Hot Cities
for IT Jobs
No. 11
Top Boomtown
Source: Modis, Inc., ranking of 10 cities
Source: Bloomberg ranking
of all large metro areas No. 7 Spring Break
Destination
for Families
No. 12 Top State
for Business
Source: Livability.com list of 500 cities
Source: CNBC ranking of all states
09
LIVE
It’s boom time in Center City Charlotte
once again, as the past year brought
more housing starts than any year since
the beginning of the recession.
Apartment completions in Uptown and South End account for 29% of all related activity in
Mecklenburg County from 2011 to 2014. This is up significantly from the 10% average share
between 2001 and 2010.
FAST FACTS
3,944
Housing Units Under
Construction/Recently
Delivered
10
PRESENTED BY
2,011
Pipeline Units Announced
Uptown & South End
14
Complexes Under Construction
Uptown & South End
19,794 25,500 110%
Estimated Population
Uptown & South End
Estimated Population 2015
Uptown & South End
Population Growth South End
2013-2015
The McDevitt Agency is a residential real estate company specializing
in the Center City and its surrounding neighborhoods. Representing
both buyers and sellers, the firm focuses on existing and new
construction as well as luxury properties.
For more info, visit www.CenterCityLiving.com,
email [email protected] or call 704.333.2475.
Pictured: SKYE Condominiums
The Uptown and South End residential boom will deliver a total of 3,944 units
from 2012 to 2015.
HOUSING MARKET ANNUAL GROWTH (2002-2015)
Source: Charlotte Center City Partners (2013)
CENTER CITY MULTIFAMILY FOR-SALE VS. RENTAL UNITS
Source: Charlotte Center City Partners (2013)
By the end of 2014, projections show that the explosion of apartment construction in Uptown and
South End will balance the mix of for-sale versus for-rent housing units, with 51% and 49% respectively.
This even balance reflects long term trends
in Uptown and South End with the exception
of the period from 2005 to 2011 when condos
reached a 56% share of all multifamily units.
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16
NORTH CAROLINA
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Uptown and South End will reach 25,000 residents by 2015.
Growth in apartment completions reflect national trends of the 20-34 year old members of Generation Y,
the fastest growing demographic in Center City. This group prefers locations closer to the urban core
with access to amenities and transit, regardless of the location of their jobs. This urban lifestyle is also
attracting Boomers, aged 45 to 64, who have increased 82% in Center City over the past decade.
Source: Pew Research Center (2011)
AGE
UPTOWN & SOUTH END
RACE & ETHNICITY
USA
UPTOWN & SOUTH END
USA
UPTOWN & SOUTH END
USA
HOUSEHOLD INCOME
UPTOWN & SOUTH END
USA
Source: U.S. Census Bureau (2013)
13
SHOP
While more and more retailers are calling
Center City home, the key assessment
from two major retail studies conducted
in 2013 for Uptown and South End is that
untapped demand for retail remains –
good news for businesses arriving on the
scene in 2014 and beyond.
FAST FACTS UPTOWN & SOUTH END
4.5 MILLION
44
23,000
535,000
Retail Square Feet
14
New Retailers & Restaurants
Pedestrians Crossing Trade & Tryon Daily Unmet Retail Demand Square Feet
PRESENTED BY
28%
Retail Space – Food & Beverage
7th Street Public Market’s mission is to celebrate the food culture
of the Carolinas and promote local and regional farmers, food
artisans and entrepreneurs. www.7thstreetpublicmarket.com
Pictured: 7th Street Public Market
The retail scene continues to grow and diversify in Uptown, with the expansion
of new shops such as Blis and the opening of Abbeydale. Meanwhile, South End
added retailers including the House of Chanel and Shu, and celebrated the
announcement of Publix.
RETAIL FAST FACTS
PER CAPITA INCOME
UPTOWN
SOUTH END
Number of Businesses Opening
22
19
Retail Square Feet
2.1 million
2.4 million
Retailers
175
203
Restaurants
214
139
Average Lease Rate (Per Square Foot)
$22.20
$18.70
Source: Charlotte Center City Partners (2013)
Source: U.S. Census Bureau (2013)
NEW BUSINESS BY TYPE
UPTOWN
SOUTH END
15
Source: Charlotte Center City Partners (2013)
Looking ahead, the Uptown retail study recommends conversion of existing
ground floor spaces into more consumer goods shops, as well as building
more ground floor retail space in new developments.
DAYTIME POPULATION AND EXPENDITURE POTENTIAL
Lincoln
Heights
University
Park
Oakview
Terrace
J.T.
Williams
Oaklawn
Park
Sugaw Creek
Double
Oaks
Smallwood
Biddleville
78,577
Daytime Population
Druid Hills
South
McCorey
Heights
Enderly
Park
1 MILE RING
Druid Hills
North
Washington
Heights
Lakewood
GAFO ESTIMATED SALES UPTOWN 2012
Tryon Hills
North
Charlotte
Greenville
Lockwood
$109.1 MILLION
Food & Beverage Potential
Seversville
Optimist
Park
Wesley Heights
Ashley Park
Uptown
Bryant Park
Belmont
Villa
Heights
Plaza
Hills
Plaza Midwood
Westover
Hills
West Boulevard
Wilmore
Revolution
Park
1 MILE
Commonwealth
Brookhill
Elizabeth
Midtown
South
End
Chantilly
Cherry
Dilworth
Coliseum
Drive
Southside
Park
2 MILES
Park Road/
Freedom Park
Source: TerraMark (2013)
Myers
Park
GAFO Sales Potential
As reported, in 2012 GAFO expenditure potential in the Uptown residential trade
area was an estimated $89.9 million.
2 MILE RING
Source: TerraMark (2013)
GAFO: General Merchandise Apparel & Accessories, Furniture & Other
115,521
Daytime Population
EXISTING UPTOWN RETAIL
$160.4 MILLION
Food & Beverage Potential
Eastover
Sedgefield
$222.2 MILLION
$326.7
MILLION
GAFO Sales Potential
16
Source: Charlotte Center City Partners (2013), TerraMark (2013)
The South End trade area is very affluent with a 2011 per capita income
estimated at $52,284 and an average household income of $105,948.
Averages are $26,226 and $67,063 nationally.
SOUTH END TRADE AREA
CAMDEN ROAD MERCHANDISING FORECAST
SALES
$ - MILLION
SQUARE FEET
PRODUCTIVITY
$/SF
MARKET SHARE
Specialty Retail
50,000
$12.8
$255
2.1%
Food & Beverage
35,000
$15.3
$436
8.0%
Market
5,000
$2.9
$580
n/a
Service
10,000
$2.9
$290
n/a
TOTAL
100,000
$33.8
$338
n/a
Source: TerraMark (2013)
GAFO SALES POTENTIAL
Source: TerraMark (2013)
The entertainment and restaurant scene continues to grow
and diversify in South End with the addition of new restaurants
Tupelo Honey and Nan & Byron’s among others. Meanwhile,
South End solidified its position as Charlotte’s hub for craft
brews with the opening of Unknown Brewing Company
and Lenny Boy Kombucha Tap Room. Sycamore Brewing
plans to open in 2014.
17
PLAY
Center City continues to be the heartbeat
of Charlotte – as it has the power to
draw young and old, hip and traditional,
thousands of residents and millions
of visitors seeking great times and
one-of-a-kind city experiences.
FAST FACTS
7
Hotel Projects Announced 2013
18
4,573
Hotel Rooms Uptown PRESENTED BY
700
New Rooms Announced 2013
15%
Increase in Average Daily Rate 2011-2013
41%
Annual Visitors Age 25-35
1,048
Rooms Under Renovation
EPICENTRE is home to nearly 40 venues including nightlife spots,
restaurants, shopping and a rooftop terrace. Bordered by College,
Trade and Fourth Streets, near Time Warner Cable Arena and Bank
of America Stadium, and adjacent to the Light Rail Blue Line, it is
truly located in the Center of the City. For more info,
visit www.epicentrenc.com
Pictured: EPICENTRE
In Center City, visitors came for indoor and outdoor attractions, beautiful parks,
great hotels, acclaimed restaurants, professional and amateur sporting events,
and excellent festivals and museums, all in a clean, safe environment.
UPTOWN VISITOR PURPOSE
UPTOWN VISITOR AGE PROFILE
UPTOWN VISITOR HOUSEHOLD INCOME
Source: TNS Travel Survey (2012)
With seven hotel projects announced in 2013 totaling 700 rooms, and the
completed renovation of 1,048 rooms, Uptown Charlotte is primed to increase
its total room count to 5,273.
VISITOR STATS
UPTOWN HOTEL KEY STATS
UPTOWN
U.S.
2013
2012
2011
Average Visitor Spending By Party
$821
$505
Occupancy
70.5%
69.9%
67%
Food & Beverage
$109
$106
ADR
$154.49
$147.08
$134.06
Average Visitor Length of Stay
3.8 days
1.7 days
RevPAR
$107.40
$91.20
$89.84
2013 Average Daily Rate
$154.49
$113.48
Demand
$1.043 Million
$1.027 Million
$962,512
TNS Travel Survey (2012); Charlotte Regional Visitors Authority (2013); Smith Travel Research (2013)
Source: Charlotte Regional Visitors Authority (2013)
19
It was a banner year for urban parks with the opening of one of the city’s new
crown jewels, Romare Bearden Park, and the unveiling of the Rail Trail Vision,
which will give Charlotte a unique urban walkway.
2013 ATTENDANCE OF SELECT ARTS & SCIENCE COUNCIL
CULTURAL PARTNERS
20
ORGANIZATION
ATTENDANCE
Discovery Place
631,529
Blumenthal Performing Arts
463,520
Children's Theatre of Charlotte
283,520
Mint Museum
257,952
Charlotte Symphony Orchestra
129,582
North Carolina Dance Theatre
67,538
Harvey B. Gantt Center for African-American Arts + Culture 63,459
Bechtler Museum of Modern Art
56,936
Levine Museum of the New South
54,094
Opera Carolina
39,558
Light Factory
24,739
McColl Center for Visual Art
16,044
Actor's Theatre of Charlotte
15,698
Community School of the Arts
7,489
With new parks and venues enriching the Uptown landscape - residents, visitors,
and sports fans are enjoying new and ever-expanding choices of cultural and
entertainment destinations.
2013 REGULAR SEASON SPORTS ATTENDANCE
UPTOWN HOTEL PROJECTS
ATTENDANCE
GAMES
PROJECT
ROOMS
LOCATION
ACTIVITY
SREE
150-200 E. 5th St.
Announced
Embassy Suites
250
E. Martin Luther
King Jr. Blvd
Announced / Demo
Charlotte Checkers
258,000
38
Carolina Panthers
588,000
8
Charlotte Bobcats
268,000
34
Hyatt Place
172
4th & Caldwell
Complete
CIAA Tournament & Events
66,000
22
Hotel at BB&T Ballpark
125
4th & Graham
Announced
ACC Football Championship
68,000
1
Homewood Suites
150
Trade & Church St.
Announced
Charlotte Knights
600,000*
71
Marriott International Inc 438
Trade & Tryon
Remodel Planned
TOTAL 1,848,000
174
Sheraton / Le Meridien
610
S. McDowell
Remodel Underway
*Estimate for 2014 at BB&T Ballpark. Source: ESPN (2013), Charlotte Regional Visitors Authority (2013)
Source: Charlotte Center City Partners (2013); Charlotte Business Journal (2013)
The Novant Health Thanksgiving Day Parade
honored tradition and created new memories
for Charlotte’s families.
BBQ returned to Uptown South End went to the
with a new brand, The
dogs with Fido Fest –
Q-City Charlotte BBQ
the festival of the arfs.
Championship.
21
ON THE GO
Charlotte is a city that never stands still.
In 2013, Center City continued to move
forward in bold new directions.
The CATS Blue Line Extension broke ground in July 2013. Opening in 2017, the 9.3 mile
extension to the existing Blue Line will add 11 stations connecting Uptown and South End
to neighborhoods such as NoDa and University City as well as to the UNC Charlotte
Main Campus.
FAST FACTS
155%
26 MINUTES
46,308
74.7%
Projected Increase of Ridership with Opening
of Blue Line Extension in 2017
22
Uptown Parking Spaces
Projected Travel Time from South End
To UNC Charlotte via Blue Line Extension
Charlotte Douglas International 10-Year
Passenger Increase
48,909
B-cycle Checkouts 2013
The City Lynx Gold Line construction crews were busy in 2013, preparing the 1.5-mile
line for a 2015 opening. The new service will operate on Trade Street, connecting
Time Warner Cable Arena with Novant Health Presbyterian Medical Center.
BLUE LINE PERCENT RIDERSHIP BY STATION
DEVELOPMENT IMPACTS FROM BLUE LINE
$1.6 BILLION
4,101
Total
Residential Units Completed
87
238,000
Acres
Retail Square Feet Completed
1,470
239,000
Residential Units Under Construction
(South End Only)
Office Square Feet Completed
Source: Charlotte Neighborhood and Business Services; Charlotte Center City Partners (2013)
BLUE LINE AVERAGE WEEKDAY RIDERSHIP STATISTICS
Source: Charlotte Area Transit System (2013)
*Expected ridership once Blue Line extension is complete. Source: Charlotte Area Transit System (2013)
23
Charlotte B-cycle inspired thousands of people to bike to their destinations
in 2013. 48,909 trips were made on B-cycles, which translates into over 146,000
metric tons of carbon offset.
NEW B-CYCLE STATIONS
TOTAL B-CYCLE CHECKOUTS: 48,909
1
NEW B-STATION
5
NEW B-STATIONS
Was Added In 2013 At The New Bern Light Rail Station
To Come In Spring 2014
Source: Charlotte B-cycle (2013)
Made Possible By
24
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16
SYSTEM MAP
RO
TI
YN
S
W
EL
E
AV
25
Charlotte-Douglas International Airport grew
its passenger traffic to over 43 million in 2013,
the world’s 23rd busiest airport.
AIRPORT FAST FACTS
Increase Over 2011
5.6%
10-Year Increase
74.71%
Daily Departures
719
Nonstop Destinations
143
Gates
95
Longest Runway
10,000 feet
Tons of Cargo
88,968
Nationwide Passengers Rank
8th
Source: Charlotte-Douglas International Airport (2013)
26
TOTAL ANNUAL PASSENGERS
Source: Charlotte-Douglas International Airport (2013)
The 46,308 parking spaces in Uptown continue to be an asset for the influx
of new employees, residents and visitors.
GREENVILLE
OPTIMIST PARK
LOCKWOOD
STATE OF THE CENTER CITY
TRANSIT & PARKING MAP
VE
LA
RA
NT
CE
BELMONT
FIRST WARD
FOURTH WARD
N D AV ID SO N ST
N C A LD W ELL ST
N CO L L EG E ST
N T RYO N ST
N G RA HA M ST
E
AV
OWNE
LOTTET
CHAR
N C H URC H ST
ELIZABETH
W SIXT H ST
E FIFTH ST
ELIZABETH AVE
W FIFT H ST
E T RA D E ST
W FIFT H ST
E FOURTH
RT H
EXT
RT
H
THIRD WARD
ST
PARKING FAST FACTS
MIDTOWN
SECOND WARD
VE
EA
N
OW
ET
S C A LD W ELL ST
U
ST
E STONEWALL ST
W STONEWALL ST
Total Number of Parking Spaces
TT
LO
AR
CH
S KINGS DR
KE
NIL
W
OR
TH
WESLEY
HEIGHTS
46,308
37,811
7,397
1,100
14,377
15
Average Daily Parking Cost
$11
Average Monthly Parking Cost
$187
CHERRY
Parking
SMART PARKING DECK
Deck
Spaces
STRUCTURED PARKING
AV
E
Surface Lot Spaces
SURFACE PARKING
BLUE LINE LIGHT RAIL STATION
BLUE LINE LIGHT RAIL (EXISTING)
On-Street
Parking Spaces
W MOREHEAD ST
E MOREHEAD ST
BLUE LINE LIGHT RAIL (UNDER CONSTRUCTION)
E MOREHEAD ST
Parking Spaces Tracked by Real Time Parking System
COMMUTER RAIL (PLANNED)
CENTER CITY STREETCAR (UNDER PHASE 1 CONSTRUCTION)
ST
SOUTH END
TRANSIT (PLANNED)
Garages BUS
in RAPID
Real
Time Parking System
AVE
GREENWAY/RAIL TRAIL
PARKS
DR
DOM
S T RYO N
HIGH SPEED RAIL (PLANNED)
E
AV
DILWORTH
T
OT
SC
KENILWORTH
BRYANT
PARK
SO U T H BL V D
M
ST
D
EA
EH
OR
W
FREE
U
W FO
FO
T
S CO L L EG E ST
W
EX
ST
E THIRD ST
S D AV ID SO N ST
S T RYO N ST
W T H IRD ST
T
ES
S C H URC H ST
AD
S G R A H A M ST
TR
ETH AVE
W T RAD E ST
W FOU RT H ST
W
ELIZAB
NORTH
Source: Charlotte Department of Transportation (2013); Charlotte Center City Partners (2013)
EAST BLVD
A new comprehensive South End
parking study provides solutions
to better manage parking demand
while growing as a walkable, bikeable,
transit-oriented neighborhood.
27
ON THE HORIZON
UPTOWN
BALLPARK NEIGHBORHOOD
B-CYCLE EXPANSION
• The BB&T Ballpark in Third Ward will celebrate opening day with the Charlotte Knights’ first pitch on April 11, 2014.
• Five new stations will be installed this year, adding to the success of Charlotte’s bike sharing system.
A strategic plan for future growth
is underway.
• New housing, retail, services
and hospitality will be added.
• A burgeoning employment hub will center around the future Gateway multimodal station site, connecting existing office markets from Trade
and Tryon Streets to Gateway Village.
FIRST WARD URBAN VILLAGE & PARK
• Levine Properties, Mecklenburg County and the City of Charlotte will break ground on the creation of a new park, housing, office, hotel and a new retail-
oriented street running along the Blue Line between 7th and 9th Streets.
SECOND WARD REDEVELOPMENT
• Mecklenburg County plans to redevelop more than 7.5 acres into an urban village,
featuring market rate and affordable
housing and office, and the potential for hotel with ground-floor retail.
• This new community will include more intimate neighborhood-oriented streets and an urban park. Future phases may include a new Second Ward
High School.
28
NORTH TRYON VISION
& MASTER PLAN
• Opportunity awaits on every block of North Tryon Street in Uptown,
truly the next great frontier
for redevelopment.
• Center City Partners, the Foundation
for the Carolinas, the Arts and Science Council, Bank of America,
the Public Library, the Blumenthal
Performing Arts Center and
Discovery Place have launched
an effort to plan the revitalization
of North Tryon from Church Street to Brevard Street, and 5th Street
to I-277.
• By the end of 2014, the plan will include more specific urban design recommendations for
the area along 6th and 7th Streets,
as well as new repositioning and
programming ideas for the area’s
arts, cultural and educational institutions.
SOUTH END
CHARLOTTE RAIL TRAIL
NEW RETAIL
• A new urban linear trail and park
will be created along the existing
Blue Line corridor.
• With the completion of the South End
Retail Study, the implementation of new
strategies will begin in 2014, building on
the neighborhood’s reputation as a
unique place to shop and be entertained.
• The park will offer a network of gardens,
public art, activities and a variety
of uniquely Charlotte spaces to sit,
eat and play. People will have the
opportunity to discover cafés and bars,
explore galleries, see artists at work,
stumble upon impromptu concerts,
stroll with family, or just relax on a bench and watch the city come alive.
• Recruitment efforts are underway to
bring more national brands like the new
Publix to South Boulevard, as well as smaller boutiques, ethnic restaurants
and specialty shops to Camden Square.
• Look for the Rail Trail’s Framework Plan
to be completed in late spring 2014.
BREWERIES
OFFICE DEVELOPMENT
• South End is quickly becoming
Charlotte’s “brewery central” with
the recent opening of four new craft
beer establishments.
• Be on the lookout for more developments like that of Centro
CityWorks on Camden Road. This new
74,000-SF project includes ground floor retail, which will help support
other businesses by increasing the
volume of daytime foot traffic.
• This trend will continue as more
residents move in and brewers
take advantage of existing
industrial buildings.
29
ACKNOWLEDGMENTS
CREDITS
BOARD OF DIRECTORS
Ernie Reigel, Chairman
Moore & Van Allen
David Dooley
Balfour Beatty
Dr. Claude Alexander
The Park Ministries
Dr. Phil Dubois
UNC Charlotte
Pierre Bader
Sonoma Restaurant Group
Art Gallagher
Johnson & Wales University
Michael Barnes
Charlotte City Council
Harvey Gantt
Gantt Huberman Architects
Robert Bush
Arts & Science Council
Bryan Howell
Parkway Properties
Debra Campbell
Charlotte-Mecklenburg
Planning Department
Ron Carlee
City of Charlotte
Dr. Ronald Carter
Johnson C. Smith University
Trevor Fuller
Mecklenburg County Board
of Commissioners
Rob Cummings
Falfurrias Capital Partners
Patsy Kinsey
Charlotte City Council
Lynne Tatum Little
Consultant
Todd Mansfield
Crescent Communities
Dr. Michael Marsicano
Foundation For
The Carolinas
Melissa McGuire
Sherpa
Al de Molina
Investor
Bob Morgan
Charlotte Chamber
of Commerce
Dena Diorio
Mecklenburg County
Danny Morrison
Carolina Panthers
Dr. Heath Morrison
Charlotte-Mecklenburg
Schools
COPY WRITING
Kelso Communications
www.kelso-communications.com
Tom Murray
Charlotte Regional
Visitors Authority
DESIGN
Rachel Martin Design LLC
www.rachelmartindesign.com
Pat Riley
Allen Tate Realtors
Laura Schulte
Wells Fargo
Tom Skains
Piedmont Natural Gas
Doug Stephan
Vision Ventures
Rick Thurmond
Charlotte Magazine
Krista Tillman
Consultant
PHOTOGRAPHY
Chris Austin
www.chrisaustin.net
SPONSORS
www.dilweg.com
www.centercityliving.com
Mitchell Kearney Photography
www.mitchellkearney.com
North Carolina Photography
by Jill Lang
www.jillwlang.com
www.7thstreetpublicmarket.com
Patrick Schneider Photography
www.patrickschneiderphoto.com
Eulada Watt
UNC Charlotte
Fred Whitfield
Bobcats Sports
& Entertainment
Dr. Tony Zeiss
Central Piedmont
Community College
www.epicentrenc.com
CHARLOTTECENTERCITY.ORG
HISTORICSOUTHEND.COM
FINDYOURCENTER.COM
200 SOUTH TRYON STREET, SUITE 1600
CHARLOTTE, NC 28202
704.332.2227
JANUARY 2014