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Winston-Salem's Tallest Buildings and Skyscrapers
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 Post subject: Re: CHARLOTTE
PostPosted: Thu Mar 10, 2022 4:50 pm 
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Posts: 36
Zalo and BornNBread both have really good posts.

zalo wrote:
yadkinv wrote:
So, why was it necessary to move to Charlotte? Was it Charlotte’s international reputation or a Sun Trust requirement for merger?


Both


This, I've heard the deal was contingent on it being a Charlotte Bank. A Bank from Atlanta wasn't going to merge and go to Winston.

Charlotte also is a finance center with a significant amount of PE, HF, and Fintechs in the area so I understand the shift there, so from a business and hypothetical recruiting (better talent pool) perspective I get it as well.

Now, will Truist actually be able to compete for talent in the market is an ENTIRELY different question, and I'm thinking they're going to find it a hell of a lot harder than they originally thought.


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 Post subject: Re: CHARLOTTE
PostPosted: Tue May 10, 2022 11:58 am 
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Joined: Thu Jul 23, 2015 6:26 am
Posts: 612
In another sign of the strange times ahead, Nascar Productions plans to move its operations and 170 employees from Uptown Charlotte to Concord.

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

This quote is from around 18 months ago. My how times have changed as Uptown Charlotte is becoming a ghost town:

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

“In recent years, we’ve seen increasing interest from companies that want to be located within this burgeoning corridor of uptown Charlotte,” said Mark Holoman, Cousins' managing director. “With direct connectivity to Charlotte’s South End, and as employers and employees focus on area amenities for their teams, the timing has never been better for firms to establish a presence in this building."

The area’s revitalization around 550 South has seen new hotels pop up as well as office, multifamily and retail development.

There is direct access to the LYNX Blue Line, connecting users from UNC Charlotte through uptown and South End. And for rail-trail users, a new bridge will be coming to connect the gap over Interstate 277 by 2025.

Tenants at 550 South are less than a mile to all three uptown sports centers — Bank of America Stadium, Spectrum Center and Truist Field. Several new food options around the corridor continue to open, including Salata and Jinya Ramen Bar.


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 Post subject: Re: CHARLOTTE
PostPosted: Tue May 10, 2022 9:18 pm 
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Joined: Mon Mar 04, 2013 3:51 pm
Posts: 407
WSBornNBred wrote:
In another sign of the strange times ahead, Nascar Productions plans to move its operations and 170 employees from Uptown Charlotte to Concord.

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

This quote is from around 18 months ago. My how times have changed as Uptown Charlotte is becoming a ghost town:

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

“In recent years, we’ve seen increasing interest from companies that want to be located within this burgeoning corridor of uptown Charlotte,” said Mark Holoman, Cousins' managing director. “With direct connectivity to Charlotte’s South End, and as employers and employees focus on area amenities for their teams, the timing has never been better for firms to establish a presence in this building."

The area’s revitalization around 550 South has seen new hotels pop up as well as office, multifamily and retail development.

There is direct access to the LYNX Blue Line, connecting users from UNC Charlotte through uptown and South End. And for rail-trail users, a new bridge will be coming to connect the gap over Interstate 277 by 2025.

Tenants at 550 South are less than a mile to all three uptown sports centers — Bank of America Stadium, Spectrum Center and Truist Field. Several new food options around the corridor continue to open, including Salata and Jinya Ramen Bar.


This puts NASCAR closer to the Charlotte Motor Speedway, which makes sense. And "...as Uptown Charlotte is becoming a ghost town..." (???)


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 Post subject: Re: CHARLOTTE
PostPosted: Wed May 11, 2022 1:15 am 
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Joined: Mon Jul 08, 2013 10:59 pm
Posts: 3923
I think Uptown Charlotte's vacancy rate is around 14-15%? South End is starting to pull some of the office tenants looking for space away from Uptown, but Uptown isn't struggling. South End has a lot of the qualities younger office workers are looking for.


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 Post subject: Re: CHARLOTTE
PostPosted: Wed May 11, 2022 9:38 am 
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Joined: Thu Jul 23, 2015 6:26 am
Posts: 612
Washington Parker wrote:
WSBornNBred wrote:
In another sign of the strange times ahead, Nascar Productions plans to move its operations and 170 employees from Uptown Charlotte to Concord.

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

This quote is from around 18 months ago. My how times have changed as Uptown Charlotte is becoming a ghost town:

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

“In recent years, we’ve seen increasing interest from companies that want to be located within this burgeoning corridor of uptown Charlotte,” said Mark Holoman, Cousins' managing director. “With direct connectivity to Charlotte’s South End, and as employers and employees focus on area amenities for their teams, the timing has never been better for firms to establish a presence in this building."

The area’s revitalization around 550 South has seen new hotels pop up as well as office, multifamily and retail development.

There is direct access to the LYNX Blue Line, connecting users from UNC Charlotte through uptown and South End. And for rail-trail users, a new bridge will be coming to connect the gap over Interstate 277 by 2025.

Tenants at 550 South are less than a mile to all three uptown sports centers — Bank of America Stadium, Spectrum Center and Truist Field. Several new food options around the corridor continue to open, including Salata and Jinya Ramen Bar.


This puts NASCAR closer to the Charlotte Motor Speedway, which makes sense. And "...as Uptown Charlotte is becoming a ghost town..." (???)


I was in Uptown Charlotte several weeks ago, and the vibe is very strange. Office workers seem to be at around 25% of pre-pandemic highs. Homeless population seems to have doubled. The Epicenter, years after being "the" attraction in Uptown, is closed, and there seems to be very little else that is drawing people to Uptown. Even the Wake Forest School of Business Charlotte campus is moving from Uptown to Midtown.

Make no mistake, South End is thriving, NoDa is thriving, but Uptown? Beautiful skyline, very little "life" inside of it.


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 Post subject: Re: CHARLOTTE
PostPosted: Thu May 12, 2022 12:38 am 
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Joined: Mon Jul 08, 2013 10:59 pm
Posts: 3923
From what numbers I've seen, it appears as if office usage is at 38% nationally. Vacancy in Uptown is roughly two-to-three times higher than usual, so this also brings down the numbers. Thanks to Charlotte, Winston-Salem had to learn how to deal with reduced office workers in its downtown well before COVID-19 started. The work-from-home changes could actually help Winston-Salem, by allowing office workers to work for Charlotte companies and live in Winston-Salem. I really wish the BB&T / SunTrust merger could've held-off another year, until work-from-home allowed those employees to stay. This is a first for Uptown, though.

Epicenter ran into problems long ago and is now being sold-off. They had issues before COVID-19. I think even the roof was leaking? From what I've heard, expect to see a developer demolish it for another high-rise. Its days are numbered.


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 Post subject: Re: CHARLOTTE
PostPosted: Wed Jun 29, 2022 10:15 am 
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Joined: Thu Jan 20, 2022 12:23 pm
Posts: 4
ACC HQ moving to Charlotte...

"North Carolina would give the Atlantic Coast Conference $15 million if it keeps its headquarters in North Carolina, likely in a move to Charlotte, for at least the next 15 years under a Republican budget proposal released Tuesday night."

https://www.wcnc.com/article/sports/acc ... 4a7a4babe4


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 Post subject: Re: CHARLOTTE
PostPosted: Wed Jun 29, 2022 10:27 am 
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Joined: Tue Sep 24, 2013 9:00 am
Posts: 144
4BroadSt wrote:
ACC HQ moving to Charlotte...

"North Carolina would give the Atlantic Coast Conference $15 million if it keeps its headquarters in North Carolina, likely in a move to Charlotte, for at least the next 15 years under a Republican budget proposal released Tuesday night."

https://www.wcnc.com/article/sports/acc ... 4a7a4babe4


If this is true then it's complete and total BS. If the ACC wants to move to Charlotte let them pay for it themselves. No way the state should be spending taxpayer money to move companies between cities in the state. I don't care if the ACC threatens to move to Orlando. Let them move.


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 Post subject: Re: CHARLOTTE
PostPosted: Wed Jun 29, 2022 1:08 pm 
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Joined: Mon Mar 04, 2013 6:36 pm
Posts: 3486
B-V-R wrote:
4BroadSt wrote:
ACC HQ moving to Charlotte...

"North Carolina would give the Atlantic Coast Conference $15 million if it keeps its headquarters in North Carolina, likely in a move to Charlotte, for at least the next 15 years under a Republican budget proposal released Tuesday night."

https://www.wcnc.com/article/sports/acc ... 4a7a4babe4


If this is true then it's complete and total BS. If the ACC wants to move to Charlotte let them pay for it themselves. No way the state should be spending taxpayer money to move companies between cities in the state. I don't care if the ACC threatens to move to Orlando. Let them move.


Republicans in the General Assembly have no trouble finding money for this type of sh*t. But God forbid if anyone has a suggestion for spending money on any project that would help the working/middle class. And I say that as a fiscally conservative Independent.


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 Post subject: Re: CHARLOTTE
PostPosted: Wed Jun 29, 2022 1:42 pm 
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Joined: Tue Sep 24, 2013 9:00 am
Posts: 144
I absolutely hate the incentives game. If I were king for a day I'd abolish all corporate incentives and just let areas compete on the basis of their attractiveness for companies and get rid of this noxious form of corporate welfare. That said, I understand that it's reality and that there is a need to participate if the state is trying to win companies like Toyota to the area. But there should never be state level incentives given to companies moving between cities within the state. If a company in Greensboro wants to move to Charlotte they should damn well pay for it themselves.


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 Post subject: Re: CHARLOTTE
PostPosted: Thu Jun 30, 2022 1:04 am 
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Joined: Mon Jul 08, 2013 10:59 pm
Posts: 3923
The sad part is: Greensboro taxpayers have to pay, for the next 15 years, for a part of their identity to move to Charlotte. The quote from a Lincolnton politician was a horrible thing to say about Greensboro: "Hate to get competing between two cities, but the reality is some cities have more of what they need right now." They could've stayed and done well in their current location. It seems as if instead of creating and growing things, Charlotte just takes from others in the state and expects the cities they take from to be thankful the business stayed in-state. We hear that over-and-over. They stayed in-state! Sadly, it has reached a point where many of us don't want local businesses or organizations to have any presence in Charlotte and Charlotte businesses and Charlotte business leaders aren't trusted when they make any promises. To be fair to Charlotte, some of it is also leaders at these businesses and organizations that aren't committed to growing this area and making it the place they want to be. A big concern I have: The ACC anchored a college sports business cluster. Losing that anchor makes the jobs of both Brent Christensen and Mark Owens a little more difficult. Now the work begins to keep the Triad in rotation for the Men's Basketball Tournament after this ten year period is over. We'll see if it saves the ACC, which is the pitch I heard for the move.


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 Post subject: Re: CHARLOTTE
PostPosted: Thu Jun 30, 2022 8:06 am 
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Joined: Tue Sep 24, 2013 9:00 am
Posts: 144
I'd be curious who said moving to Charlotte would potentially save the league. I would recommend never listening to anything that person says ever again because that is about as stupid a comment as I've heard in a long time.


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 Post subject: Re: CHARLOTTE
PostPosted: Thu Jun 30, 2022 11:42 am 
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Joined: Thu Jul 23, 2015 6:26 am
Posts: 612
Yeah, the only thing that will save the league at this point is merging with the Big 10 or something else as drastic.

"The question then becomes how the ACC can remain competitive with its regional rival in the SEC when that league might ultimately double the ACC's TV contract while enjoying the immense recruiting advantage of being seen as, essentially, a mini-NFL. Worse, if realignment turns into a land war between the SEC and Big Ten, it would be almost impossible for the ACC to avoid being caught in the middle. We're a long way away from that, but Phillips needs to consider the future for the ACC not just in a year or two but a decade or more down the line."

https://www.espn.com/college-football/s ... t-shake-up


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 Post subject: Re: CHARLOTTE
PostPosted: Fri Jul 29, 2022 4:02 pm 
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Joined: Mon Mar 04, 2013 6:36 pm
Posts: 3486
The UNC/Kenan-Flagler School of Business is expanding their Executive MBA program to Charlotte. They are taking space in the Bank of America Bldg. in the Legacy Union development on S. Tryon Street at the John Belk Freeway Loop which includes multiple office towers including the HQ bldg for Honeywell. Looks like Wake Forest will be getting some competition for MBA dollars. I wonder if they're wringing their hands and wailing in the Triangle that Charlotte trying to steal the Business School???


http://www.Kenan-Flagler.unc.edu/news/charlotte-nc-mba/


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 Post subject: Re: CHARLOTTE
PostPosted: Fri Jul 29, 2022 9:49 pm 
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Joined: Sun Jun 17, 2018 5:18 pm
Posts: 59
zalo wrote:
The UNC/Kenan-Flagler School of Business is expanding their Executive MBA program to Charlotte. They are taking space in the Bank of America Bldg. in the Legacy Union development on S. Tryon Street at the John Belk Freeway Loop which includes multiple office towers including the HQ bldg for Honeywell. Looks like Wake Forest will be getting some competition for MBA dollars. I wonder if they're wringing their hands and wailing in the Triangle that Charlotte trying to steal the Business School???


http://www.Kenan-Flagler.unc.edu/news/charlotte-nc-mba/


So does everyone now think Chapel Hill is freaking out that UNC is going to pack up and move wholesale to Charlotte?


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