The Line (building)

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The Line
The Line May 2022.jpg
Map
Former names2151 Hawkins
General information
TypeOffice
Location2151 Hawkins Street
Charlotte, North Carolina
Coordinates35°12′33″N 80°51′43″W / 35.2091°N 80.8620°W / 35.2091; -80.8620Coordinates: 35°12′33″N 80°51′43″W / 35.2091°N 80.8620°W / 35.2091; -80.8620
Construction startedFall 2019
CompletedMay 2022
OwnerPortman Holdings
Height
Roof212 feet (65 m) [1]
Technical details
Floor count16
Design and construction
Architect(s)Gensler
DeveloperPortman Holdings
Main contractorDPR Construction
Other information
ParkingOn site parking garage
Public transit accessLight rail interchange East/West Blvd
Website
https://thelineclt.com/

The Line is a 16-story office building in South End Charlotte, North Carolina. It stands at a height of 212 feet (65 m) [2] with 318,000 square feet (29,543 m2) of space.[3] There will be a total of 16 floors, nine of which will be dedicated to office space for a total of 285,000 square feet (26,477 m2) of Class A office space.[4] The building will border the rail trail in South End south of the East/West Blvd Station.[5]

The Line

The plot of land is 2.2 acres. It was initially put on the market March 6th, 2018 as reported by the Charlotte Observer. Portman Holdings bought the plot for $12.7M. Shook Kelley previously leased the 27,045 square feet (2,513 m2) building that was there before.[6]

Sycamore Brewing will be the anchor tenant of the building. Sycamore co-owner Sarah Brigham said this about the project, "We are beyond excited to be a part of this amazingly cool space. With an expansive beer garden, second-story patio, house-roasted coffee offering, and a dynamic chef-driven food and beverage program, this experience is going to be second to none in the Queen City".[7] Sycamore will feature 10,000 square feet (929 m2) on 2 levels with another 16,000 square feet (1,486 m2)of space for a rooftop beer garden and outdoor area along the rail trail.[8] The space will also include four bars. The expanded space will allow Sycamore to have live music in two locations on the rail trail and rooftop beer garden, a coffee shop that will also serve pastries and sandwiches, a taproom that is 5 times the size of their former taproom, and an enhanced beer selection.[9]

In May 2020 Portman Holdings secured a $95.6 million construction loan with PCCP, a real estate finance and investment management firm. This was the fourth construction loan PCCP has extended to Portman Holdings. PCCP was also Portman's construction lender for the building Regions 615 in Uptown Charlotte.[10]

The building will feature 15,000 square feet (1,394 m2) of retail and restaurant space, mostly on the first floor.[11] The ground floor is intended to be a gathering spot.[12] The location of the rail trail enhances this intent since the trail stays busy with a continuous stream of bicyclists, walkers, transit riders and visitors. Foundry Commercial believes that both retail and office tenants of the building will benefit from the energy of the rail trail.[13]

Jon Dressler will be opening a new restaurant called Chapter 6 occupying 6,000 square feet (557 m2) in the building. Dressler is the owner of Rare Roots Hospitality the company's current restaurants in the Charlotte area include Dressler’s in midtown, The Porter’s House in south Charlotte, Fin & Fino in uptown, and Dogwood Southern Table in South Park. Chapter 6 will feature Mediterranean, Morocco, and southern Spain cuisines. Dressler expects to invest $2 million into the restaurant. It's expected opening date is November 1, 2022.[14]

Another restaurant that will be part of the 15,000 square feet (1,394 m2) of retail is Savi Provisions with 3,613 square feet (336 m2). It is an Atlanta based restaurant featuring locally grown gourmet and organic food. In addition to its indoor space the restaurant will have a 1,600 square feet (149 m2) patio.[15]

The final retail space will be occupied by Grit Box Fitness, occupying 2,940 square feet (273 m2). Grit Box focuses on high intensity kickboxing and strength training. The studio will offer 45 intensity classes. Cody Cooper, company founder said this about the studio “We are excited to deliver a fitness experience that makes working out fun and exciting. We want everyone — beginner and advanced — to walk out of every class feeling more confident and motivated to get what they want out of life”.[16] The studio opened in the summer of 2022.[17]

Foundry Commercial will be moving their Charlotte office from 10,000 square feet (929 m2) at 121 West Trade in Uptown to the 10th floor of the building to occupy 15,000 square feet (1,394 m2). The company currently has 80 employees in the Charlotte area, 60 of which work from the office. The space will include 70 desks. Foundry is targeting a May 16, 2022 move in date, which will make them the first tenant of the building.[18] Additional building permits for office space include Northeastern University Charlotte, Home Instead,CPA firm Frazier & Deeter, Golden Ticket and The Passage.[19]

in June 2022 The Line was purchased for $206 million by CBRE Investment Management of New York City. At the time of purchase the building was less than 50% leased. Mike McDonald, of Cushman & Wakefield who represented the seller, said this about the transaction. "CBRE has a wealth of capital they’re trying to place in high-growth markets, and the fact that it’s less than 50% leased created a great opportunity for value-add rent, it is a really awesome and new creative office building at a drop-a-pin location in South End Charlotte. I think it's the best building in Charlotte and a top-10 building in the Southeast."[20]

2161 Hawkins

Construction began in mid-October 2022 after Sycamore Brewing moved out of the building.[21] Construction will last two years with a scheduled opening of the third quarter 2024. Portman Residential is planning to build a 24 story apartment tower with 370 units along with 18,700 square feet (1,737 m2) of ground floor retail. Apartment amenties will include concierge service, a rooftop pool, co-working spaces, a game room, climbing wall, indoor and outdoor fitness centers[22] The Line's lot 2.2 acre lot along with Sycamore current 1.5 acre lot were bought in 2018 by Portman Holdings for $12.7 million. The two lots will likely have a common outdoor plaza. Also a fourth floor bridge will connect the two buildings.[23] The goal of the project is to develop a building that complements the Line.[24]

2161 Hawkins in November 2022 after the Sycamore Brewing building was demolished.

See also


References

  1. ^ "The Line". Emporis. Archived from the original on July 20, 2021. Retrieved July 20, 2021.
  2. ^ "The Line". Emporis. Archived from the original on July 20, 2021. Retrieved July 20, 2021.
  3. ^ Franco, Elise (8 September 2022). "Portman to start construction next month on South End apartment tower". Charlotte Business Journal. Retrieved 3 October 2022.
  4. ^ Franco, Elise (22 April 2022). "Foundry Commercial relocating its Charlotte office from uptown to new South End tower". Charlotte Business Journal. Retrieved 26 April 2022.
  5. ^ Thomas, Jason (24 April 2019). "View Renderings: 16 floor office building coming to South End next to Sycamore — and it'll have a food hall". Charlotte Agenda. Retrieved 8 December 2020.
  6. ^ PORTILLO, Ely (6 March 2018). "Creative office building near prominent South End brewery goes on sale". Charlotte Observer. Retrieved 8 December 2020.
  7. ^ Peralta, Katie (3 December 2020). "The 16-story South End tower that'll house Sycamore Brewing has a new name: The Line". Charlotte Agenda. Retrieved 8 December 2020.
  8. ^ Thomas, Jennifer (4 February 2020). "High-profile restaurant courted for South End tower, while plans for food hall fall through". Charlotte Business Journal. Retrieved 12 February 2021.
  9. ^ Greene, Shannon (28 September 2022). "Sycamore Brewing's moving party postponed ahead of Hurricane Ian". Charlotte Observer. Retrieved 4 October 2022.
  10. ^ Fahey, Ashley (19 May 2020). "High-profile office tower in South End secures $95.6M construction loan". Charlotte Business Journal. Retrieved 4 October 2022.
  11. ^ "2151 Hawkins Street Building". DPR Construction. 8 December 2020. Retrieved 8 December 2020.
  12. ^ Thomas, Jennifer (4 February 2022). "High-profile restaurant courted for South End tower, while plans for food hall fall through". Charlotte Business Journal. Retrieved 7 October 2022.
  13. ^ "Chapter 6, Savi Provisions, Grit Box Fitness Round Out Retail Tenants Moving into The Line along Charlotte's Rail Trail". Foundry Commercial. 20 April 2022. Retrieved 3 October 2022.
  14. ^ Thomas, Jennifer (29 March 2022). "Here's what veteran restaurateur Jon Dressler is cooking up at high-profile South End project". Charlotte Business Journal. Retrieved 26 April 2022.
  15. ^ "Chapter 6, Savi Provisions, Grit Box Fitness Round Out Retail Tenants Moving into The Line along Charlotte's Rail Trail". Foundry Commercial. 20 April 2022. Retrieved 3 October 2022.
  16. ^ Thomas, Jennifer (30 September 2021). "Fitness concept signs on to new South End tower for first location outside of South Carolina". Charlotte Business Journal. Retrieved 4 October 2022.
  17. ^ "Chapter 6, Savi Provisions, Grit Box Fitness Round Out Retail Tenants Moving into The Line along Charlotte's Rail Trail". Foundry Commercial. 20 April 2022. Retrieved 3 October 2022.
  18. ^ Franco, Elise (22 April 2022). "Foundry Commercial relocating its Charlotte office from uptown to new South End tower". Charlotte Business Journal. Retrieved 26 April 2022.
  19. ^ Thomas, Jennifer; Franco, Elise (26 April 2022). "Northeastern University to take new space in Charlotte, permits show". Charlotte Business Journal. Retrieved 7 October 2022.
  20. ^ Franco, Elise (8 June 2022). "CBRE Investment Management buys The Line in South End from Portman Holdings for $206M". Charlotte Business Journal. Retrieved 3 October 2022.
  21. ^ Greene, Shannon (28 September 2022). "Sycamore Brewing's moving party postponed ahead of Hurricane Ian". Charlotte Observer. Retrieved 20 October 2022.
  22. ^ Franco, Elise (8 September 2022). "Portman to start construction next month on South End apartment tower". Charlotte Business Journal. Retrieved 3 October 2022.
  23. ^ Franco, Elise (8 September 2022). "Portman to start construction next month on South End apartment tower". Charlotte Business Journal. Retrieved 3 October 2022.
  24. ^ Fahey, Ashley (18 May 2021). "Portman Residential planning high-rise apartment tower at South End site near the Rail Trail". Charlotte Business Journal. Retrieved 18 May 2021.

External links

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