Crescent moving forward on 31-Story mixed-use Charlotte Tower; to include 560K SF of office, 10K SF of retail, 200 apartments and 200-room hotel

10/22/2024

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Connect CRE

• Subcategory: Hospitality: Hotel, MF: Market Rate, Mixed-Use: Retail-MF-Office-Hotel, Office: CBD, Retail: Restaurant

• Tag: New Construction

• Additional Filters-Subcategory: Hospitality: Boutique, MF: Highrise, Office: Highrise, Retail: Bar-Pub, Retail: Coffee-Tea-Specialty Drinks, Retail: Restaurant Dine-In-FSR, Retail: Restaurant-QSR

• Company: Crescent Communities

Crescent Communities is hoping to get final approvals from Mecklenburg County to build a 31- story high-rise at 1102 S. Tryon St. in South End. The company took out permits with the county totaling $126.3 million.

The Charlotte Business Journal reports Crescent, along with Nuveen Real Estate, announced the project in February 2022. The developers paid $37 million in 2022 for the 3-acre property at the intersection of Carson and South Tryon streets.

The mixed-use development called Carson & Tryon included 560,000 square feet of office space, 10,000 square feet of retail space, 200 Novel-branded apartments and a 200-room boutique hotel.