The 400 South Tryon building in uptown is getting a $2.2 million renovation to its lobby that includes a recently completed fitness center.
The renovation work on the 12,200-square-foot lobby started in September and is scheduled to be completed by the end of the year, said Margaret Markovich, project manager for Trinity Partners, which manages the building.
The project was designed by Charlotte-based Studio Fusion Architecture Interiors. The 4,500-square-foot fitness center is near the building’s back entrance on South Church Street. That space was a café.
The 34-story building is owned by Trinity Capital Advisors, which has offices in Charlotte and Raleigh, and New York-based DRA Advisors LLC. Trinity Capital Advisors and Trinity Partners are sister companies.
The 584,315-square-foot building opened in 1974. Duke Energy occupies 92 percent of the building and is its largest tenant. The eighth and ninth floors, which total 36,000 square feet, are vacant.
According to Trinity Partners, the last time the lobby was renovated was almost a decade ago.
The finished product will include white-polished stone; black and white porcelain floor tile imported from Italy; a mix of zebrawood wall panel and painted drywall; vaulted ceilings, backlit wall panels; and pendant lighting in the main lobby near a Bank of America branch in the building. Part of the ceiling will also have zebrawood paneling. The renovation work will go from the front of the lobby on South Tryon Street to the rear entrance on South Church Street.
“Our tenants and the public won’t recognize the lobby when we’re done,” Gary Chesson, Trinity Capital Advisors founding partner, said in a statement. “We’ve worked quickly to conceive and implement the renovations. We’ll continue to look for ways to further transform 400 South Tryon, including marketing 8,000 square feet of retail space.”
New furniture and area rugs will also be added to the lobby, and glass wall panels and glass doors will be added for the Paul M. Anderson Auditorium, located across the lobby from the Bank of America branch. There will also be benches added to the corridor between the lobby and South Church Street. The corridor has a few dental offices and a bookstore.
The renovations will extend to the building’s entrance on South Church Street with an awning, some stucco work and signage that indicates the building address is on South Tryon Street, said Lauren Miller, senior property manager with Trinity Partners.
The renovations and location should help market and fill the empty space and another 8,000 square feet of retail space on the building’s side along South Church Street, said Molly Caroll, Trinity Partners’ director of marketing.
“This building is remarkably located in the Third Ward. We are in the middle of everything,” she said.
The building is near Romare Bearden Park and BB&T stadium.
The renovation work has gone smoothly, Carroll said.
“The challenge is working in an occupied space,” Markovich said. That means that construction crews are working after business hours and on weekends, she said.
The two-level fitness center for tenants opened in late September. It has men’s and women’s locker rooms, cardio equipment, weight-training machines and free weights.
Trinity Capital Advisors is known for adding fitness centers to the buildings it buys, Carroll said.
The lobby renovations are part of the latest round of upgrades, following a replacement of heating and cooling equipment with more energy efficient technology. That started in October 2015 and was completed earlier this year.
Overall, $4 million in improvements are being made to the building.
Elevators have also been upgraded by replacing the controls and lighting. The 520-space parking deck was renovated with concrete repairs and energy-efficient lighting. Three chillers and four cooling towers have also been replaced with energy-efficient equipment.
Project Description: 400 South Tryon building lobby renovation
Address: 400 S. Tryon St., Charlotte
Architect: Studio Fusion Architecture Interiors
Contractor: Tyler 2 Construction
Space: 12,200 square feet
Cost: $2.2 million
Construction Start: September
Anticipated Completion: Late 2016