University Development – Transformed by Connectivity
Just over a year ago, the LYNX Blue Line extension officially opened, connecting Uptown Charlotte with Charlotte’s University submarket.
August 28, 2019
- Just over a year ago, the LYNX Blue Line extension officially opened, connecting Uptown Charlotte with Charlotte’s University submarket. Now, the submarket home to UNC Charlotte is in the heat of what some professionals have called a ‘year of transformation’. Armored Cow Brewery, Studio Movie Grill, and a potential Top Golf location display the changing atmosphere of the submarket, mirroring office, multi-family, and hospitality development.
- Uptown and South End have been home to most mixed use developments in Charlotte; however, transportation has opened the door for CBD-like developments to spill into the University submarket. Examples include EB Arrow’s Waters Edge offering 182,000 sf office, 311 luxury residential units, a library and a redeveloped lakefront water trail, and UNC Charlotte’s $87 million, 226-room hotel and conference center.
- Transit-Oriented Development has been a key topic in CBD construction, but the same trend is spilling over into suburban Multi-Family development. Nearly 82% of current multi-family projects in the University pipeline give residents direct access to a transit system, a direct response by developers and investors to meet the demand of prospective residents.
Source: JLL Research