The project would be built in phases, with the first phase slated to begin at the end of this year, and it would include a mid-rise apartment building with ground-floor retail as well as a high-rise building totaling approximately 30 floors that would also include apartments and ground-level retail.
The second phase of the project has yet to be finalized, but there are talks of it including a multi-family or commercial component, which may mean a new office building or a new hotel would be moving in to the area.
A major perk of the property is that it will have frontage on the Lynx Blue Line that is slated to be open this summer.
This is all part of the North Tryon Vision and Implementation Plan which aims to re-imagine how land on North Tryon Street and the surrounding area will be developed in the coming years. Momentum for development here has already begun with projects like SkyHouse Uptown and 10 Tryon.
For more details and information on the new mixed-use development and other projects happening on North Tryon, be sure to check out bizjournals.com.