Things are finally buzzing at the old Charlotte Coliseum
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After nearly 10 years, the former home of the (original) Charlotte Hornets is now buzzing with activity.
A 300-ish unit apartment complex is close to full. A new townhome community is about to have a grand opening. A dual-branded hotel is under construction. Tenants are lining up for a retail complex. And there’s still scores of acres left on the property for more office development. All together, it will make up the City Park area, under development by Pope & Land out of Atlanta.
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Image via Pope & Land
In case you don’t remember a time when professional basketball in Charlotte wasn’t uptown, the original Hive was off West Tyvola Road just south of the Billy Graham Parkway.
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The Hornets set all kinds of attendance records there in the 1990s, and the building hosted a NCAA Final Four and an NBA All-Star Game.
But the stadium fell out-of-date (no luxury suites), and was a key sticking point between Charlotte and original Hornets owner George Shinn. He ultimately took the team to New Orleans after a public vote on a new stadium failed. One of the big requirements before landing the Bobcats as an expansion NBA franchise in the mid-2000s was the guarantee of a new uptown arena. Charlotte got it.
The old coliseum came down in 2007.
This location has a ton of advantages. It’s in driving distance of the LakePointe Corporate Center, the future home of Sealed Air’s global headquarters. Right across the street, a massive new VA outpatient hospital is being built. I’m hearing that nurses there are looking for homes in the CityPark development.
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There’s quite a bit of new retail opening up in the area. Belk, AT&T and UTC Aerospace Systems all have employee locations out there.
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Plus once City Park is finished, there will be direct access to the Charlotte Farmer’s Market adjacent to the property on Yorkmont.
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Here’s a look around the development
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The apartments were completed in late 2013 and are fairly standard in construction. Three stories. Rent runs around $1,000/month for a one-bedroom and $1,300 to $1,400 per month for a two-bedroom.
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The grand opening for the townhome community — built by Ryan Homes — will be February 2 and 7, though the leasing office has just moved in. Construction is nearly complete. Pricing is from the $210,000s to the $220,000s.
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Here’s what they will look like:
The hotel brands will be Residence Inn and Fairfield Inn. Under construction.
Here’s what they’ll look like when they’re done.
Image via Ryan Homes
Retail is likely to include a coffee shop, a dry cleaner and potentially a fast food-type restaurant.
Image via Ryan Homes
Then there’s still all this land to develop in the future. It will likely be office.
