Crescent reveals design of proposed South Tryon office building

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CHARLOTTE – Crescent Communities has had a busy week.

On top of being approved by City Council to buy more than 5 acres of Uptown land, the Charlotte developer also released a preliminary design of its office tower that is to be built on about 3 acres the company owns at the corner of South Tryon and Stonewall streets.

Architecture firm Little will design the 27-story building, which will have somewhere between 500,000 and 1 million square feet of office space, a parking deck, and possibly a hotel on the premises, according to Little. Crescent wouldn’t comment on specifics of the project, which is called Tryon Place.

Crescent also wouldn’t say when construction on the project is set to start, but a Goodyear automobile shop and paid parking lot currently operate on the two sites on which Crescent would develop Tryon Place, meaning construction isn’t impending.

The developer announced the project last year and in October Little revealed the broad specifications on the building.

Tryon Place is planned to go up less than a block from where Portman Holdings has planned a roughly 15-story, 350,000-square-foot office building. Portman’s site is directly beside the Westin Hotel. These will be the first new office developments in Uptown since 2010, according to the fourth quarter 2013 Karnes Report.

Uptown office space is 11.6 percent vacant, according to the Karnes Report, which also said that no new office space was delivered in all of Charlotte in 2013.