Portman Holdings plans to break ground on its planned new office tower at South College and Stonewall streets in June, the real estate company said Tuesday.
The 19-story building, to be called 615 South College, will be adjacent to the Westin Charlotte Hotel, which Portman also owns. The office building, first announced in May 2013, is set to be completed in the fourth quarter of 2016, Portman said.
“This city continues to be a desirable, high quality office market and an attractive lifestyle destination, so we’re naturally thrilled about this office development,” said Portman CEO Ambrish Baisiwala, in a statement.
The building is one of several new office towers planned for uptown, following the recession and subsequent slow recovery. Last week, the Goodyear auto repair shop at South Tryon and Stonewall streets closed, making way for a 27-story mixed use tower called Tryon Place that Crescent Communities plans to build.
A 25-story office tower is set to break ground at South Tryon and Third streets later this year, developed by Spectrum Properties. And Trinity Capital is planning to build a 14-story tower at Morehead and South Tryon streets.
The 615 South College building will total 370,000 square feet of Class A office space. The building is aiming for a LEED Gold energy efficiency certification, and will include flourishes such as two-story outdoor balconies on the corners, floor-to-ceiling windows, a fitness center, locker rooms and a conference center.
The developers will be able to build quickly because Portman is building on top of an existing parking deck, the company said.
Travis Garland of Portman and Charlotte-based Trinity Partners will market the building. “This building will offer unmatched branding opportunities for large tenants, provide efficient floor plates, and it will be a distinct landmark in the Charlotte skyline,” said Garland, in a statement.