Plans for demolishing the Observer’s former building at the corner of Stonewall and Tryon streets uptown are moving forward, according to paperwork filed this week.
The concrete building at the southern edge of uptown is to be demolished for a yet-to-be-detailed mixed-used development. The location is a highly visible parcel of more than 9 acres adjacent to I-277, Bank of America Stadium and the museums and concert venues on South Tryon Street.
A company affiliated with Charlotte development firm Lincoln Harris and investment bank Goldman Sachs completed its $34.1 million purchase of the Observer site earlier this month. The Observer has relocated to new offices in the NASCAR Plaza office tower.
The demolition is likely to be the largest and most complex such project uptown in decades. The Observer building totals 360,000 square feet, and includes a five-story office building, tunnels connecting the former printing presses in the main building to newsprint storage under Church Street and underground packing and warehouse facilities.
This week, preliminary paperwork was filed for obtaining permits for the total demolition of structures on the site. Lincoln Harris executives couldn’t immediately be reached Thursday for more information about the project’s timetable and what effects the demolition will have on surrounding areas.
The Observer site covers two blocks, stretching south of Stonewall Street from Tryon Street to Mint Street. The parcels total 9.4 acres. Lincoln Harris hasn’t detailed its plans yet, but preliminary filings with the city of Charlotte indicate a major mixed-use development.