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Winston-Salem's Tallest Buildings and Skyscrapers
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 Post subject: Re: CHARLOTTE
PostPosted: Fri Jul 29, 2022 10:26 pm 
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Joined: Tue Mar 05, 2013 9:10 am
Posts: 2096
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So does everyone now think Chapel Hill is freaking out that UNC is going to pack up and move wholesale to Charlotte?
no one in Charlotte purchased Kennan or anything UNC as Atrium, a for profit outfit, purchased WFSofM.


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 Post subject: Re: CHARLOTTE
PostPosted: Sat Jul 30, 2022 5:22 pm 
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yadkinv wrote:
Quote:
So does everyone now think Chapel Hill is freaking out that UNC is going to pack up and move wholesale to Charlotte?
no one in Charlotte purchased Kennan or anything UNC as Atrium, a for profit outfit, purchased WFSofM.


Atrium didn't purchase the School of Medicine. That's just factually inaccurate.


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 Post subject: Re: CHARLOTTE
PostPosted: Sat Jul 30, 2022 8:06 pm 
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OK, then I retract that statement if it is factually inaccurate. So, what exactly was it if WFSofM is listed everywhere as part of Atrium Medical and Atrium is based in Charlotte. It would be useful to have a succinct statement regarding the relationship.


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 Post subject: Re: CHARLOTTE
PostPosted: Mon Aug 01, 2022 10:49 am 
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yadkinv wrote:
OK, then I retract that statement if it is factually inaccurate. So, what exactly was it if WFSofM is listed everywhere as part of Atrium Medical and Atrium is based in Charlotte. It would be useful to have a succinct statement regarding the relationship.


"The systems first announced their plans for a “strategic combination” in April 2019 and formalized the agreement later that year. It was still subject to regulatory approval, a requirement since cleared. A strategic combination is not an acquisition — the entities remain intact and have separate boards. Those leaders, however, will answer to another 16-member board focused on Atrium's and Wake Forest's combined strategy."

https://www.bizjournals.com/charlotte/n ... ation.html

Atrium gave and will continue to give WFBH a bunch of money to improve its infrastructure in W-S. WFBH is giving Atrium a School of Medicine campus in Charlotte, with all the clinical benefits that come with it (med students training in local hospitals and clinics) and all the research benefits (new technologies, partnerships, clinical trials). The two also agreed to re-brand the clinical operations of WFBH to align with Atrium's clinical brand.

WFSM still has its own leadership board that reports up through the WFU president and board of trustees. While Atrium is now heavily involved in day-to-day operations of WFSM, huge strategic decisions can't be made without that board's approval and ultimately, WFU's approval. And WFU has repeatedly said WFU will remain a W-S university.

There will be a ton of WFU and other university (UNC, etc) activity expanding to Charlotte in the next several years. Frankly, it's a very smart play as W-S growth is way behind Charlotte's. None of that means any of these universities are boarding up their facilities in W-S and moving to Charlotte.


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 Post subject: Re: CHARLOTTE
PostPosted: Mon Aug 01, 2022 12:19 pm 
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Posts: 2096
Thanks for the explanation, which provides a degree of clarification. However, it is still somewhat disconcerting that WFSM is “under” the Atrium (based in Charlotte) umbrella/name. Separate, combined, etc. - OK then. But it’s similar to place names in counties with more than one official language (the USA has no official language and practices univocity in place naming meaning only one official name per feature). Anyway, this means, for example, while both Helsinki (Finnish) and Helsingfors (Swedish) are both official perceptibly Helsinki is “more official” because it is first. My point is references are, as far as I have seen, always Atrium/WFSM and I think in the organizational structure WFSM is listed with other entities all under Atrium. So, I do hope you are correct in the decision-making process and funding levels - we’ll see.


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 Post subject: Re: CHARLOTTE
PostPosted: Mon Aug 01, 2022 4:13 pm 
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The way I understand concerning how this has panned out...Atrium does not "own" Wake Forest or the Medical School, and Wake Forest does not "own" Atrium or it's hospitals. Atrium only has it's name on the medical center because it took over day-to-day operations and management of the Baptist. Not the medical school.....the hospital. Apparently it was a blessing because of poor management. Would it have been better to see it further lose ground, and money?? What amazes me, to know end, is how Wake Forest Baptist Medical Center went from prominence of being listed yearly in the US News and World Report of the best hospitals in NC, ranked in multiple disciplines along with Duke and UNC Chapel Hill.....to no listing, AT ALL, and losing all it's ranking in the hospital list, and all the disciplines to go with it. What happened....poor management?? Perhaps the new collaboration with Atrium was a life saver, and will eventually infuse new money and energy into Winston-Salem.


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 Post subject: Re: CHARLOTTE
PostPosted: Mon Aug 01, 2022 6:24 pm 
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Joined: Mon Nov 21, 2016 1:55 am
Posts: 404
About a year ago, I posted this chart which details the (then) new Atrium organization based on their SEC filings. I'm sure with the recent developments from Atrium, this will most likely be revised as they combine with the new company. This may help with this discussion regarding how the Wake Forest organization and management structure fits into the newly formed Atrium management structure. Image


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 Post subject: Re: CHARLOTTE
PostPosted: Thu Aug 04, 2022 6:40 pm 
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Joined: Mon Jul 08, 2013 10:59 pm
Posts: 3980
Atrium Health / Wake Forest School of Medicine - Pearl District:
It's two buildings totaling around 600,000 square-feet, with research space, lab space, medical space, and academic space. They will cost around $400 million combined. Atrium Health will pay 37% (around $148 million) of the cost to make the project more attractive to Wexford. Wake Forest and Atrium are leasing around 70% / 420,000 square-feet of the space and the remaining 30% / 180,000 square-feet will be leased to other tenants. Keep in mind that Wake Forest will move their other Charlotte campus and its non-medical courses to this campus. They are still saying 2025 as the completion, but I've heard it could be pushed-back to 2026. And, as you can see, the tallest building is now down to just 13-storeys. It will have a lighted parapet with Wake Forest School of Medicine and Atrium Health on it. The shorter building is only 10-storeys (11 with mechanical).

Final value-engineered renderings of both buildings:
Image

I do wish Winston-Salem's Innovation Quarter had a 13-storey building with Wake Forest School of Medicine on a tall lighted parapet for everyone to see.


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 Post subject: Re: CHARLOTTE
PostPosted: Thu Aug 18, 2022 6:43 pm 
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Posts: 639
Centene cancels plans for 3,200-job East Coast hub in Charlotte's University City

"Centene was the largest economic-development project in Charlotte’s history when announced in July 2020. At that time, it formally committed to investing $1 billion and hiring more than 3,200 employees at the campus here. Then-CEO Michael Neidorff said the company could hire 6,000 or more people in Charlotte and planned to build at least 1 million square feet at the site it acquired.

(...)

CBJ this week asked Layton why Centene decided to reverse course so long after the pandemic’s onset. Layton said having employees coming back to the office had been the intention through most of the pandemic, but the company had a break last fall. That was in between virus case-count surges associated with the Delta and Omicron variants — both of which upended return-to-office plans across the country.

“Our employees said, listen to us, look at what we've done, look at our performance. We are working from home, and we are performing well,” Layton said."

https://www.bizjournals.com/charlotte/n ... celed.html


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 Post subject: Re: CHARLOTTE
PostPosted: Tue Sep 06, 2022 8:16 am 
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"Also consider Charlotte, North Carolina: 20,223 moved to Mecklenburg County, where Charlotte is located, compared to 24,210 who moved out in tax-filing years 2019 and 2020.

But the bulk of tax filers who moved out of Mecklenburg stayed in the Charlotte metro. Cabarrus County, which is north of Charlotte, saw 3,413 tax filers relocate from Mecklenburg in 2019 and the first year of the pandemic. Union County and York County, South Carolina, both south of Charlotte, saw 3,051 and 2,514 tax filers, respectively, come from Mecklenburg in 2019 and 2020.

(....)

What's being observed in a city like Charlotte may prompt concern a doughnut effect is starting to take place, a phenomenon of city centers being hollowed out as migration and housing demand shift to suburban counties.

(....)

Still, if households continued to be priced out of housing in or near a center city — where many jobs are still based — or choose to relocate to nearby jurisdictions, that will have long-term fiscal implications for cities. Less tax revenue from sources like property taxes, commercial or residential, would have a significant ripple effect that local politicians would have to contend with."


https://www.bizjournals.com/triad/news/ ... id-19.html


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 Post subject: Re: CHARLOTTE
PostPosted: Tue Sep 13, 2022 8:04 pm 
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Joined: Mon Nov 21, 2016 1:55 am
Posts: 404
Wow! https://queensbridgecollective.com/ Plans reshaped for $750M multi-tower Charlotte development (Renderings): https://www.bizjournals.com/triangle/ne ... h-end.html
The $750 million project at 1111 S. Tryon St., called Queensbridge Collective, is scheduled to begin site preparation work before the end of the year


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 Post subject: Re: CHARLOTTE
PostPosted: Tue Sep 13, 2022 8:12 pm 
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Joined: Wed Mar 06, 2013 12:34 am
Posts: 2314
waggonera wrote:
Wow! https://queensbridgecollective.com/ Plans reshaped for $750M multi-tower Charlotte development (Renderings): https://www.bizjournals.com/triangle/ne ... h-end.html
The $750 million project at 1111 S. Tryon St., called Queensbridge Collective, is scheduled to begin site preparation work before the end of the year


An even better TikTok background.


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