Some major changes have just been announced for South End’s “Queensbridge Collective” development, which we first reported on this past March.
Due to ground water and soil issues, the development will now only build 2 towers instead of the previously announced 3, but the residential tower will be even taller, with 45 stories, instead of the previously announced 38 stories. The office tower will still be 42 stories tall.
Riverside Investment and Development unveiled new renderings and further details about the $750-million project at 1111 S. Tryon Street (the old Midnight Diner site).
Riverside is working with architecture firm Goettsch Partners to give the project a modern and lasting aesthetic.
“We’re in active negotiations with multiple tenants,” Anthony Scacco, chief operating officer at Riverside Investment & Development Co., also told CBJ. “It’s far too soon to make any predictions, but we’re feeling confident.” https://t.co/hpW5tajGD6
— Charlotte Business Journal (@CBJnewsroom) September 13, 2022
“We are very excited and honored to join the Charlotte business community and help transform the area between Uptown and South End, creating a world-class live-work-play environment that will contribute to the city’s already impressive growth story,” Riverside COO Anthony Scacco noted in a press release. “We look forward to continuing our partnership with local officials to ensure thoughtful urban planning at this important location.”
As part of the redevelopment agreement with the City of Charlotte, Riverside agreed to invest in a “robust set of right of way and street network enhancements, to ensure positive street network & traffic flow for Morehead Square Drive, S. Tryon Street, E. Carson Boulevard and E. Morehead Street”.
Ground breaking for the new complex is planned to begin by the end of this year, with an anticipated completion in the summer of 2025.
What do you think about the new project?