There’s plenty of growth to point to in and around uptown these days, and Charlotte Center City Partners’ annual Vision Awards highlighted the boom.
Presented amidst thumping bass, soaring dance numbers and an animation of new “urban art” in front of almost 1,000 people at the Convention Center, there was no doubt Thursday that we’re seeing the high point of the real estate cycle. (For a complete list of the winners and honorees, click here).
“This is the momentum of two incredibly well-capitalized economic cycles,” said Michael Smith, Center City Partners CEO. “It’s the work of four consecutive decades of commitment to a common vision that creates a sustainable competitive advantage over other cities.”
Here are some of the numbers Center City Partners highlighted Thursday night at the event:
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▪ 3.5 million square feet of office space are planned or under construction in center city Charlotte. That includes towers such as 300 South Tryon and 615 South College being built now.
▪ More than 4,500 residential units are under construction in uptown and South End.
▪ 2,200 hotel rooms are planned. If they’re all built, that would increase the supply of center city hotel rooms by 49 percent.
▪ Pop-up shops generated $500,000 worth of retail sales during the holiday season last year. One of Center City Partners’ key initiatives is to lure more retailers to uptown.