Development

Here’s our first look at potential office building on Common Market, Food Truck Friday site

Rendering of the planned office building at South Tryon Street and Camden Roads, filed as part of a rezoning request.
Rendering of the planned office building at South Tryon Street and Camden Roads, filed as part of a rezoning request.

The developers of a new office building planned in South End have officially filed to rezone the site, with plans to build a regional headquarters for financial services firm Dimensional Fund Advisors.

Cousins Properties is building the headquarters, which is expected to bring 316 jobs to Charlotte. In their rezoning submission, the companies have filed their first public draft of plans for the building, which is designed by Duda Paine Architects.

The eight-story building would displace two local favorites on the 2.3-acre site bounded by Camden Road, South Tryon Street and West Park Avenue. The site is currently home to the Common Market and the Food Truck Friday lot, as well as several other retailers.

Charlotte City Council must approve the rezoning request before construction can begin. A public hearing is scheduled for December. Jeff Brown, a lawyer representing Cousins and DFA, has said work could start by late next year at the earliest.

The plans filed as part of the rezoning request are preliminary, and could change. The plans call for up to 25,000 square feet total of retail space on the ground floor of the 285,000-square-foot building. The building is also expected to have a parking deck with at least one floor of below-ground parking and several floors of above-ground parking.

Austin-based DFA was lured to Charlotte in part with $18 million worth of state and local incentives. The company has said its new regional headquarters will be a total investment of $105 million.

Ely Portillo: 704-358-5041, @ESPortillo

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