Development

First Ward parcel officially hitting the market

A prime parcel of uptown land is officially hitting the market next month in the fast-growing First Ward.

Brokerage firm HFF is marketing the block bounded by College Street, the light rail, East Ninth and East Eighth Streets for owner Levine Properties. The site occupies an entire block adjacent to the Blue Line extension, which is set to open in 2017, and First Ward Park, which just opened this month.

Led by senior managing director Ryan Clutter, HFF’s marketing for the site emphasizes those points: “Incredible North Tryon Transformation Underway,” the marketing flier reads. In addition to the park and light rail, Levine Properties – which owns many of the surrounding parcels – is planning to build apartments, a dual-branded Hilton hotel, an office tower and a retail strip along the rail line.

And big plans are afoot for the rest of the north side of uptown as well. Charlotte Center City Partners and other stakeholders are finishing a “North Tryon Vision Plan” that is meant to guide development in the area through the next several real estate cycles, transforming a part of the city that is still dotted largely with surface parking into a walkable, urban, mixed-use environment.

Ely Portillo: 704-358-5041, @ESPortillo

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