A New York-based developer is beefing up its Charlotte team and offering more than 1 million square feet of office space in the Camp North End development near uptown.
ATCO Properties & Management has started to redevelop the industrial site, formerly home to a Ford assembly plant, munitions dump, missile factory and Rite Aid distribution center, which it bought for $13.5 million last year. The development has signed its first tenants, including co-working companies Hygge and Junior Achievement of Central Carolinas, while future plans will include restaurants, shops, hotel rooms and apartments in addition to the offices.
ATCO is marketing a half-dozen former factory buildings – which the company plans to extensively renovate – for office space, including buildings at 1776, 1810, 1820, and 1830 Statesville Avenue, and 1701 North Graham Street. The buildings will offer “highly efficient floorplates and modern infrastructure in a historic setting,” the company said.
Cushman & Wakefield has been hired to market the office space, led by broker Jessica Brown. ATCO also said Wednesday that it’s hired Tommy Mann, an experienced development executive, to lead the project as development director.
Mann’s experience includes the high-profile Pike & Rose project just outside Washington, D.C., that totals 3.4 million square feet of shops, residences, office and hotel space. Mann was in charge of the project’s development and construction team.
Brown said the plan is “one of the boldest adaptive reuse projects in the U.S.”
“We have an opportunity to create a home for emerging tech companies and the creative class as well as the Fortune 500,” said Brown.