Although the firm will not formally unveil its plan until January, some of the highlights include consolidating various government buildings along East Trade and Fourth streets, adding street-level retail and restaurants to the nine-block area, incorporating more green space with trees and benches and making East Trade a grand thoroughfare with emphasis on its historic architecture.

The plan emphasizes the old city hall building as its focal point and suggests opening the three-story granite and marble landmark to private enterprise. There would be places to shop and eat and even nightly entertainment areas that would blend with the nearby North Tryon cultural district. At present, there are 9,000 workers in the area and only one place to have lunch.

Although everything in the new plan is under scrutiny and subject to change, the new buildings that are specified in the makeover account for most of the cost. These include a headquarters for Charlotte-Mecklenburg schools; a new Federal courthouse, an additional county courthouse, and a city/county office tower.

One aspect of the present plan will be the potential of the land that becomes available when the government buildings, including the schools' central offices, move out of uptown's southern corner, also known as Second Ward. Currently, no one lives in Second Ward, and its Marshall Park has few visitors. Charlotte's City Center 2010 plan for Second Ward envisions apartments, a school and a scaling down of Marshall Park.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.