Stiles Picks Up Stalled Office Project in Charlotte
- Nov 02, 2016
By Veronica Grecu
Charlotte, N.C.—A blighted 1-acre industrial site located in Charlotte’s historic South End neighborhood is getting a much-anticipated facelift by Florida-based Stiles. The real estate developer announced plans this week to construct a new Class A office building on Summit Avenue, within walking distance from the Bland Rail Station.
Construction has already started at 300 W. Summit Ave. with site cleanup, with vertical construction scheduled to begin in March 2017. Slated for completion in spring 2018, the three-story building will encompass 64,000 square feet of space designed to set a new standard for boutique urban office in Charlotte.
Once completed, 300 West Summit will offer two 25,500-square-foot plates, as well as one 12,800-square-foot plate on the ground floor. Designed by Robert Johnson Architects as an infill development with the latest standards of sustainability, the office building will also feature a multi-level underground parking garage and a rooftop terrace with unobstructed views of the Uptown Charlotte skyline.
Thanks to its strategic location between Uptown and South End, 300 West Summit has already stirred interest from corporations seeking a higher standard of urban office in South End. JLL Managing Director Charley Leavitt and Senior Associate Stephen Woodard are providing leasing services for the property.
“South End’s walkability, access to transportation, and luxury residential living create the quintessential urban experience for today’s office user,” said Leavitt in prepared remarks. “South End is one of the most unique locations in Charlotte due to its historic charm and plethora of dining establishments, activities and nightlife. This project has been well received by the brokerage community and we are already in active discussions with several lead tenants.”
As previously reported by the Charlotte Business Journal, the original development plans were submitted by MPV Properties (formerly known as Merrifield Partners) in 2007, but the project was stalled because of the economic downturn in 2008.
Rendering courtesy of Stiles