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Area Office Development on Fast Track

CHARLOTTE-Five projects totaling 1.47 million sf with an estimated construction cost of $354 million are under way. Leading the pack is the $240 million redevelopment of the old convention center, plagued with delays since the city put it on the market in 1995. Now owner LCOR of Berwyn, PA is pushing to complete the three-acre uptown site.

By Robert Anthony | Updated on September 18, 2000

CHARLOTTE-The Lichtin Corp. of Raleigh, NC is the newest player on an office development field now totaling at least five projects encompassing 1.47 million sf with an estimated construction cost of $354 million.

Lichtin plans to build the first of seven office buildings at Toringdon, a $100-million, mixed-use community at Interstate 485 and the Johnston Road extension. The 93,000-sf structure is expected to be completed during summer 2001 at an estimated cost of $10 million.

The 50-acre Toringdon will also have 100,000 sf of retail space and 72 townhomes.

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