It’s easy to see Charlotte’s center city is in the midst of a huge building boom, with cranes dotting the skyline. But a few numbers help show the scale of that boom and quantify its size.
“This is a unique cycle in the life of our city,” Charlotte Center City Partners CEO Michael Smith said Thursday at the group’s quarterly board meeting. “All our sectors of real estate are expanding concurrently.”
Over the decade between 2010 and 2020, here’s exactly how much new building Charlotte is on pace to see in center city (the group’s designation that includes uptown and South End):
▪ 5.2 million square feet of new office space.
▪ 2,111 new hotel rooms.
▪ 13,176 new residential units.
▪ 809,000 square feet of new retail space – excluding the adaptive reuse of lobby space you’re seeing, where building owners are adding more ground-floor shops and restaurants uptown.
And the boom isn’t over yet. Also Thursday, developers announced plans to start construction soon on a 181-room EVEN Hotel on Stonewall Street, the latest addition to uptown.