Charlotte City Council on Tuesday cleared the way for a new office building in South End that will take the place of several popular local businesses and a gathering spot for food trucks.
Cousins Properties is developing the triangular lot bounded by South Tryon Street, Camden Road and Park Avenue into an office building that will serve as the East Coast headquarters for Austin-based Dimensional Fund Advisors.
The 2.3-acre site is currently home to several small businesses, including the Common Market and the weekly Food Truck Friday gathering. Common Market is seeking a new site; Food Truck Friday is relocating to Plaza Midwood and Sycamore Brewing.
The new office building will be eight stories, totaling 285,000 square feet. The plans call for at least 15,500 square feet of retail space for shops or cafes, with retail at each of the site’s corners. The development will include a parking deck with spaces available to the public, and is adjacent to the Blue Line light rail.
Construction is expected to start later this year. Dimensional Fund Advisors is bringing 316 jobs, and is receiving $18 million worth of state and local incentives.