'Transformative' project in the works for uptown

'Transformative' project in the works for uptown

The site is bordered by Tryon, Stonewall, College and East Hill streets.

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by KERRY SINGE / The Charlotte Observer

WCNC.com

Posted on February 5, 2013 at 5:03 PM

Crescent Resources has assembled more than three acres of land at South Tryon and East Stonewall streets uptown and plans to build what it calls “a transformative development for Center City.”

The Charlotte developer announced Tuesday it has picked Little as its architect to begin design and master planning on a project that will feature office space and could include hospitality, retail and multifamily uses. The site is bordered by Tryon, Stonewall, College and East Hill streets.

“We have an opportunity with our South Tryon Street property to launch what we believe will be a transformative development for the Center City,” Crescent’s chief executive, Todd Mansfield, said. “We have asked Little to consider every possibility with a vision of creating an office community that is authentic to Charlotte’s progressive heritage yet embraces how people live, work and play today and for the future.”

“The guiding values for this development are community, sustainability and connectivity,” he said.

Real estate mogul Donald Trump had eyed the land for a possible luxury office/residential/retail/hotel development before the real estate crash. In 2007, the Observer reported the Trump Organization had put up cash to secure a contract on 2.5 acres and buy it from Crescent. Trump last year told the newspaper “if I had built that thing, it would have been a disaster.”

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