Development Resume
Mixed Use Developments
• 500 West Trade Street -
Mixed Use Multi-Family and Retail Development -
Downtown Charlotte, NC
Status: ACTIVE
In May of 2008, Trinity Capital and Crosland LLC, one of the Southeast’s leading real estate companies, announced a new midrise luxury apartment building at Trade and Graham streets in uptown Charlotte. The $100 million project will fill a gap in one of the nation’s hottest center-city residential districts, providing for-rent housing with amenities and finishes on par with the numerous condominiums being built within Charlotte’s downtown core.
Originally purchased by Trinity Capital as an office building redevelopment, 500 West Trade will see the complete redevelopment of the 2.7-acre uptown block now occupied by the vacant Polk building and adjacent surface parking. Crosland, and its joint venture partner Trinity Capital Advisors, originally envisioned two phased high-rise buildings. Plans have shifted to a single, eight-story, 400-unit building that will comprise the entire block. The partnership has secured a capital commitment from Northwestern Mutual Life, a longtime financial partner, and plans to proceed with demolition in late summer and construction this fall. Residences are expected to be available for move-in by late 2009.
• Perimeter Woods -
Office, Retail & Multi-Family Mixed Use Development
Charlotte, NC
Status: ACTIVE
In 2005, Trinity Capital and its partners successfully rezoned 100 acres of land in Perimeter Woods Business Park for a new mixed use development that will be located directly across the street from Northlake Mall, a 1,500,000 square foot mall opening in September of 2005. In 2006, the partners will commence construction of a mixed use property containing 310,000 square feet of retail, 450,000 square feet contained in three office buildings, and up to 250 units of multi-family apartments.
In Phase One of the development, all of the retail (310,000 square feet) and a five story, 125,000 square foot office building will be developed. Anchor tenants for these two developments will be announced at a later date.
Phase Two of the development will include an additional 325,000 square feet contained in two office buildings, both of which will be available for office users seeking build to suit facilities. In addition, in Phase Two, the residential component will round out the "Live - Work - Play" environment at Perimeter Woods.
• Honda of Lake Norman -
Development for automotive dealership
Huntersville, NC
Status: ACTIVE
In November of 2005, Trinity completed a build to suit for Honda of Lake Norman automotive dealership. The Honda dealer that was awarded this coveted dealership in Huntersville signed a 15 year lease, and began selling automobiles from the site in December of 2005.
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