New Office Tower Rises at Charlotte’s Legacy Union

600 S. Tryon. Graphic courtesy of Lincoln Harris

Legacy Union, the 10.2-acre, mixed-use improvement in Uptown Charlotte, N.C., will quickly welcome its fourth workplace constructing, a 415,000-square-foot tower. Lincoln Harris and its associate, Goldman Sachs Asset Administration’s serious estate business enterprise, have previously commenced design on the 24-tale high-increase at 600 S. Tryon.

Lincoln Harris and Goldman Sachs initiated the Legacy Union vision in 2016, when the partnership obtained the 10-acre previous Charlotte Observer website to make way for the project. At the moment, the large-rise complicated is property to the 841,000-sq.-foot Lender of The united states Tower at 620 S. Tryon, the 367,000-sq.-foot 650 S. Tryon and Honeywell’s 330,000-square-foot headquarters at 855 S. Mint St. All three business buildings aspect floor-degree retail area, and the campus also incorporates a 14-degree parking facility, as effectively as a street-stage community plaza and ample environmentally friendly area.

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On shipping, the newest addition to Legacy Union will nutritional supplement its office environment place with 20,000 sq. feet of floor-level retail choices. Furthermore, the making will supply podium parking, in addition to an amenity center with meeting room, co-performing lodging and exercise spaces. LS3P, the architecture company that made the other place of work properties at Legacy Union, is also powering the visible concept of 600 S. Tryon.

Nevertheless, there will be extra to 600 S. Tryon than its striking all-glass exterior and coveted facilities. In addition to integrated ESG aspects, the tower will concentrate on LEED certification and it will include this kind of protection functions as touchless making entry.

With the completion of the fourth tower, Legacy Union will encompass a whole of roughly 2 million sq. feet of premier office environment house. The campus’ workplace structures are hot properties in the expenditure community. In May well 2022, Lincoln Harris agreed to market 650 S. Tryon, which boasts Deloitte as its anchor, to Highwoods Properties Inc. for $203 million.

Sweet spot

It seems 600 S. Tryon is sprouting up in the appropriate spot at the right time. In the second quarter of 2022, much more than 90 % of all leasing activity was concentrated in Course A room, mainly inside the Uptown, Airport and Ballantyne submarkets, according to a report by JLL. Having said that, the evidence is in the pudding and Lincoln Harris’ Ridr Knowlton and Campbell Walker landed a lease determination from legislation firm Robinson Bradshaw for 102,000 sq. feet at 600 S. Tryon. The company will established up store on the building’s major four flooring.

And there is just about every purpose to think that Lincoln Harris will be ready to stabilize the place of work tower in a realistic total of time, even with the nationwide business office sector’s ongoing challenges. “The flight-to-quality development nonetheless dominates exercise as businesses lean on very amenitized real estate as a magnet for expertise recruitment and retention. New-to-sector occupiers and buyers will use tension for most effective-in-class, present day features and carry an improved emphasis on sustainable tactics and staff wellness,” in accordance to the JLL report.

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