As SouthPark’s stock of office spaces ages, new owners are renovating some of the area’s well-known buildings.
A trio of buildings are getting facelifts to bring them up to date and lure tenants, owners announced Thursday. Here are the details:
▪ Spectrum Companies teamed up last year with Intercontinental Real Estate Corp. to buy the Morrison and Roxborough buildings for $35.5 million. Now, Spectrum said it’s putting $2 million into updates at the four- and five-story buildings, which date to 1974 and the 1980s, respectively.
“The Morrison and The Roxborough are located in one of the most dynamic markets in North Carolina, which is undergoing a new surge of growth and development,” said Spectrum COO Steve McClure, in a statement. “These upgrades will refresh the look and feel of the buildings so they remain prime workspaces that will continue to outperform their competition.”
The bulk of that work will go towards the Morrison building, named for former N.C. Gov. Cameron Morrison, who once owned the land that’s now SouthPark. The building, sheathed in golden glass, will get a new lobby with Italian marble, updated corridors, new bathrooms, new lighting and new landscaping. The building was one of the first large suburban offices when it opened in Charlotte.
The adjacent Roxborough will get new bathrooms and landscaping, as well as renovated interior corridors. Totaling 178,930 square feet, tenants include NFP Corporate Services, South State Bank and Perry’s Fine, Antique & Estate Jewelry. Renovation work is expected to run through November.
▪ A few blocks away, ICM Realty Group is renovating 6101 Carnegie Boulevard and rebranding the building as Carnegie Point. ICM purchased the building in 2016 for $24.5 million. The company is now spending $1.5 million on a renovation that will overhaul the common areas and bathrooms, redesign the entrances and lobby and update the building systems.
The five-story building will also include new amenities: A new outdoor deck and tenant lounge, as well as an indoor game room. Redline Design Group is the architect and HarkerDoerre is the general contractor.
“We’ve tailored the renovation plans to meet the needs of today’s tenants in our quest to deliver an improved property that will provide an exceptional experience at great value. Rebranding the property is our way of shepherding in a new era of the building’s celebrated history,” said ICM’s managing director Andrew Webb, in a statement.