CHARLOTTE, N.C. - Channel 9 got an inside look Thursday at the newest addition to uptown Charlotte skyline.
The 25-story tower at 3rd and Tryon streets, named 300 South Tryon, is one of the highlights in what’s expected to be a huge year for growth in uptown. 300 South Tryon is the largest building currently under construction in uptown, but it’s not the only one.
Currently, there is $2 billion in construction happening across Center City.
“We’re in the top 10 U.S. downtowns for construction. It’s amazing,” said Michael Smith, CEO of Charlotte Center City Partners.
Officer space in and around uptown will grow by over 1 million square feet in 2017, according to CCCP.
CCCP also said that more than 1,000 hotel rooms will be added, including 217 rooms in 300 South Tryon as part of the Kimpton Hotel. More than 2,000 residential units and more than 62,000 square feet of retail development are also being built in uptown, according to CCCP.
Smith said even if people don’t live in or even visit uptown, people in the Charlotte area still benefit.
“When this area is healthy and vibrant, it makes Ballantyne stronger. It makes upstate South Carolina stronger,” Smith said.
Developers of 300 South Tryon said the economy is strong enough to invest as they start to look far into the future.
“Real estate is a very long-term investment. You’re talking 50-and 100-year investments,” said John Boylan, president of Spectrum Properties.
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