What's In Store

Retail upgrades at uptown office tower could include upscale restaurant

101 Independence Center at Trade and Tryon streets in uptown Charlotte.
101 Independence Center at Trade and Tryon streets in uptown Charlotte. mhames@charlotteobserver.com

Uptown residents and visitors could start to see many changes in retail offerings at 101 Independence Center that may include an upscale restaurant.

The 20-story office tower at 101 N. Tryon was sold this past spring to Cornerstone Real Estate Advisors and LRC Properties. The new owners haven’t said much about their plans for the space but said recently they’re in the planning stages of a “dynamic concept” to improve and expand the lobby.

Such plans could transform the heavily trafficked Trade and Tryon area, uptown’s best-known intersection that is home to hotels, residences and restaurants.

“This will dramatically enhance the property and will also potentially add additional retail square footage at the best intersection in the city. Mike Lucier ... has been engaged to actively market the retail space and believes a high-end restaurant would be a great fit for the property,” said Kevin Miller, Cornerstone’s managing director of the eastern region.

Lucier is the vice president of retail services at CBRE in Charlotte. Additional details about the plans weren’t immediately available.

At least one of the building’s tenants, Tin Tin Box and Noodles, isn’t getting its lease renewed under the new owners. It’s unclear if that’s true for other tenants.

Preliminary plans submitted in May show the new owners may renovate the building’s ground floor, where Tin Tin and other restaurants are. The project would bring “expansion of retail space into the existing atrium” and add about 6,000 square feet to the property.

Katherine Peralta: 704-358-5079, @katieperalta