There are two blocks of North Tryon Street currently in process of revitalization. Developers are hopeful that this project will be a catalyst for The North Tryon Vision and Implementation Plan. This plan was unanimously approved by Mecklenburg County Commissioners back in September. This 25 year plan, originally begun in 2011 as the North Tryon Vision Plan, began with First Ward Park. The two block area now in the planning phase includes the site of the Uptown Public Library, the Hall House, and The McGlohon Theater. They span North Tryon between 6th and 8th streets.
The Lynx Blue Line is a main pillar of this revitalization project. There will also be a significant portion of the project dedicated to affordable housing. This would help people mainly in the $24,450 – $48,000 per year income bracket. There are expected to be around 625 apartments. 380 of the units would be market rate per the initial plan, 125 affordable rate, and 120 age restricted for seniors.
The new library plan will include co-working space and have more of a community center feel. It will also have more community programming and flexible space for technology and collaboration. This should bring the library much more firmly into the digital age. The new library will have a smaller footprint, but will be a taller building.
The McGlohon Theater should expect a fantastic remodel as part of the project. There will also be 575,000 square feet of corporate and creative office space separated into two buildings. 60,000 square feet of street-level retail is also part of the initial plan. Hall House is expected to return to it’s original use as a boutique hotel containing 130 rooms.
The steering committee expects to meet again in April for another planning session. Meetings with developers to discuss costs and finalize plans is expected in the fall.
If you are interested in investing in the North Tryon Redevelopment project or any other Uptown Project, give us a call at (704) 525-4045. You can view current listings in Uptown on our website here.