Business

Work on Charlotte office tower moving along

Workers continue drilling and excavating Friday for a new office tower at 300 S. Tryon St., part of a surge of construction that’s adding to uptown’s skyline.
Workers continue drilling and excavating Friday for a new office tower at 300 S. Tryon St., part of a surge of construction that’s adding to uptown’s skyline. mhames@charlotteobserver.com

Workers continued drilling and excavating Friday for a new office tower at 300 S. Tryon St., part of a surge of construction that’s adding to uptown’s skyline.

Spectrum Properties is developing the 25-story tower. Babson Capital Management will be the anchor tenant and lease about a third of the 630,000-square-foot building. The building is set to open in spring 2017.

Uptown hasn’t seen any office space added since the recession ended. The last towers to open uptown were in 2010, when the 48-story Duke Energy Center and 32-story 1 Bank of America Center were completed.

Although 300 S. Tryon is the only office tower uptown under construction, other developments are in the works. Crescent Communities plans to build a 27-story tower at Stonewall and Tryon streets, while Portman Holdings is planning a 19-story tower at 615 S. College St.

Ely Portillo

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