SOUTHEND REDEVELOPMENT OPPORTUNITY

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1 SOUTHEND REDEVELOPMENT OPPORTUNITY 511 & 527 W. TREMONT AVENUE 5.58 ACRES IN THE HEART OF SOUTHEND --LESTER E. OSBORN, CCIM, SIOR A. SCOTT HENSLEY, CCIM, SIOR v

2 SOUTHEND REDEVELOPMENT OPPORTUNITY 511 & 527 W. TREMONT AVENUE CHARLOTTE, NC ± 5.58 acres ± 450 ft of frontage on W. Tremont Ave. Existing ± 17,000 SF building on site Zoned I-2 CD Good topography All utilities on site Great SouthEnd location, close to multiple developments FOR SALE: $8,025,000 v A. Scott Hensley, CCIM,SIOR shensley@piedmontproperties.com Lester E. Osborn, CCIM, SIOR losborn@piedmontproperties.com

3 Proposed townhomes 74 units Proposed 83,000 SF 4-story office Bainbridge Companies 210 units 300 West Summit 64,000 SF office Pollack Shores Mixed use office/retail/mf Park & Kingston Apt. 200 units Camden Gallery 320 units, 10,000 SF retail Pollack Shores 350 units White Point Partners 368 units, retail Solis Southline 300 units Beacon mixed-use development 250,000 SF office building, retail 10 townhomes Tryon Place 700,000 SF office, 30,000 SF retail 1616 Central 51,000 SF office, 22,000 SF retail 615 S. College 371 SF office 2,50 SF retail 28 townhomes Crescent Stonewall Station 47,000 SF retail

4 Three30Five Luxury Apartments Mixed use office/ retail/multi-family Townhomes Up to 74 units 115,000 SF self-storage W. Tremont townhomes 16 units Pollack Shores 350 units Proposed 83,000 SF, 4-story office SITE Spectrum South End White Point Partners 368 units Brookhill Village

5 SOUTHEND FAST FACTS CHARLOTTE CENTER CITY PARTNERS

6 SOUTHEND VISION PLAN Over the past decade, South End has grown into one of Charlotte s most dynamic places, transitioning from a predominately commercial and industrial area into a creative design district and vibrant urban residential neighborhood. Its close proximity to Uptown, major highways and access to the light rail line provides the convenience and momentum for sustained growth. Spurred on by a strong rebound from the recession, South End s population has grown to an estimated 8,000 residents with over 3,500 housing units actively under construction or delivered within 2015 alone. While much of this growth has been primarily driven by new housing, recently several office and retail-oriented projects have been developed, contributing more balanced land use. SOUTH END VISION PLAN ( ) The South End Vision Plan is a new effort driven by Charlotte Center City Partners and the Charlotte Planning Department, focused on guiding the future growth and development of South End. Between Fall 2016 and Spring 2017, Charlotte Center City Partners, the Charlotte-Mecklenburg Planning Department, and stakeholders from the South End community will work with urban design firm Stantec to design the South End Vision Plan. SIX GOALS SET BY CHARLOTTE CENTER CITY PARTNERS FOR NEIGHBORHOOD GROWTH & DEVELOPMENT Develop Camden Road as the natural neighborhood center. Nurture authentic neighborhood retail. Plan and develop a public realm of parks, open space, and recreation activities. Improve neighborhood connectivity. Raise the development bar. Keep South End accessible to those who make it great. NEW VISION, URBAN DESIGN GUIDELINES & STRATEGIES With a rapidly growing population, proximity to Uptown and the Blue Line, and with many underutilized, well-located parcels and sites still available, developers will continue to be interested in South End. For the neighborhood to become an even more vibrant place, to capitalize on its real estate value, and to maximize its potential as Charlotte s most walkable, transit-oriented neighborhood, the community must articulate a new vision for how South End should grow and develop. It is time to take a new, critical look at the strategies and recommendations outlined in the 2012 South End Strategic Plan, re-evaluate organizational priorities of Charlotte Center City Partners plan of work, and establish a community-driven vision for the continued development of South End. A new vision and accompanying guidelines should address, among other things street frontages and ground floor activity, building form and massing, as well as identification of and location for appropriate use(s). The plan will: Serve as a benchmark, providing urban design guidelines and community-driven standards for planners and government officials when reviewing potential projects in the neighborhood; and Seek to establish a set of higher urban design standards across the entire neighborhood that emphasize preserving and enhancing the existing character of sub-areas like Lower South End with its unique mix of single story brick warehouses and curvilinear streets, or for the Gold District with its dynamic mix of uses and potential for strategic infill and structural upfit. A tangible vision for South End and these multiple sub-areas will be illustrated and include actionable recommendations and strategies for implementation. The sub-areas include but are not limited to: Gold District (bound by Morehead, Mint, Summit and Church Streets) Camden Square Lower South End (area surrounding the New Bern Blue Line station) South Boulevard South Tryon