Charlotte Metro Tower
Lead Attorneys: Jimmy Greene, Chuck Lee, Tom Quirk & Kate Mayes
We represented Childress Klein in its joint venture to acquire the Charlotte Metro Tower for up to $675 million. The 40-story office tower will include approximately 1 million square feet of office and retail space, LEED Gold certification, and a parking garage with 1,100 spaces. The Charlotte Business Journal called the project the “largest single real estate transaction ever made in Charlotte.”
(See coverage in the Charlotte Business Journal and Southeast Real Estate Business.)
Cary Towne Center
Lead Attorneys: Jamie Schwedler & Collier Marsh
We represented the developer and investor, Turnbridge Equities, on the entitlement of an 87-acre regional mall to allow for mixed-use development. We served as rezoning and development counsel assisting in successfully securing approval for a full rezoning of the property, and we also served as local counsel for the acquisition and refinancing of multiple parcels. Ultimate zoning entitlement includes 1.2 million square feet of office, 1,800 units of multifamily and townhomes, three hotels, and 360,000 square feet of retail space. This greyfields project includes multiple acres of open space and significant new streetscapes in a walkable urban grid to replace the current suburban retail mall.
(See coverage in the The News & Observer and the Triangle Business Journal.)
Kannapolis Downtown Redevelopment
Lead Attorneys: Anthony Fox, Mary Katherine Stukes, Scott Leo & Nicholle Allen-Steele
We represented the City of Kannapolis in a major redevelopment of its downtown district, including the addition of a minor league baseball stadium and pending mixed-use properties. Parker Poe attorneys assisted in structuring the public-private partnership (P3); drafting the original MOU, master development agreement, and parking garage agreement; as well as advising on ordinance revisions and appropriate statutory authorities related to public bidding laws. The firm assisted with the disposition of publicly owned buildings and facilities to accommodate the redevelopment and provided environmental regulatory advice related to the brownfields process. Parker Poe’s bond attorneys advised on the $52 million bond financing for the stadium project, which has broken ground and is scheduled to open for the 2020 season.
(See coverage in Ballpark Digest and on WBTV.)
Lead Attorneys: Russell Killen, Jamie Schwedler & Collier Marsh
We represented GoTriangle, a regional transportation authority, as the developer of a 40-story mixed-use tower on top of a multimodal transportation facility. This project incorporates one of the first affordable housing conditional zoning cases in the City of Raleigh. Parker Poe successfully secured approval for rezoning from the city, as well as advised on all other legal aspects of the development and other due diligence and approvals. Our Development Services Team has assisted in helping to keep this project moving under tight deadlines, as it is partially funded by a federal grant that stipulates completion times.
(See coverage in the Triangle Business Journal and at GoTriangle.org.)
South End Brewery
Lead Attorneys: Brent Milgrom, Jonathan Dion, Morgan Rogers & Tim Logan
We represented Sycamore Brewing in the sale of its building to a national real estate developer/investor. The building will become part of a major new mixed-use development in Charlotte’s rapidly growing South End. Our client will remain an important player in the neighborhood, leasing substantially larger space on the first two levels of a 250-foot tower next door.
(See coverage in the Charlotte Business Journal and Charlotte Agenda.)
Doctors Hospital Burn Center
Lead Attorneys: Jonathan Dion, Grant Whitney & Francie McCanless
We represented the developer in a $75 million expansion of the top burn center in the United States. The project has more than 102,000 square feet of new or renovated construction, including the construction of a new three-story tower, construction of a new central energy plant, and an additional six-story parking garage. The project involved sophisticated leasing components such as a 99-year ground lease with leasehold financing and several leases in both medical office buildings.
(See coverage in The Augusta Chronicle.)
Lead Attorneys: Richard Few, Tyler Smith, Scott Manning, Todd Haynie & Russell Killen
We represented a nonprofit leading the redevelopment of a Charleston elementary school being repurposed into a mixed-use project to house a secondary music school, early learning center, 300-seat performing arts center, and studio space for visual artists. The project will double the size of the current campus. Parker Poe identified and assisted with securing multiple tax benefits for this project, including new markets tax credits, historic tax credits, and abandoned building credits. Firm attorneys also advised on construction and real estate matters related to the project.
(See coverage in The Post and Courier and The Charleston Chronicle.)
Rock Hill University Center
Rock Hill, S.C.
Lead Attorneys: Richard Few, Mary Katherine Stukes & Todd Haynie
We represented the developer in the redevelopment of 23 acres of industrial property, including an old mill and a water treatment facility, into a mixed-use facility that will support a local university and provide other services to local citizens. The proposed $200 million project will include student housing, a 164,000-square-foot athletic facility, as well as apartments, a hotel, restaurants, shops, and 228,000 square feet of office space. The project is scheduled to be completed in 2023.
(See coverage in the Charlotte Business Journal.)
Rocky Point & Sunrise
Tampa & Orlando, Fla.
Lead Attorney: Brent Milgrom
We represented the developer in two new multifamily projects in Florida. Rocky Point in Tampa and Sunrise in Orlando are two new signature Northwood Ravin properties currently being developed. Both properties are anticipated to open to residents in 2021.
Novel Stonewall Station
Lead Attorney: Alan Dexter
We served as real estate counsel for Novel Stonewall Station by Crescent Communities, Uptown Charlotte’s premier mixed-use, transit-oriented development. Commercial condominium regimes separate vertical project elements on 5.3 acres: 459 upscale apartments in mid- and high-rise buildings above anchor Whole Foods Market and related retail, and two 181-room hotels above restaurants and complementary retail. Reciprocal easements govern internal roads, shared utility corridors, and parking in a 10-level, 1,350-space deck. Connection agreements with the city provide elevated platform access to Charlotte’s Blue Line light rail system.
(See coverage in the Charlotte Business Journal and The Charlotte Observer.)
Lead Attorneys: Russell Killen & Jamie Schwedler
We are representing Columbia Development on a 95-acre parcel project owned by the State Property Office in Cary. This site will house 1 million square feet of office space, 820 residential units, plus retail and a hotel. For this project, we advised on all municipal rezoning work, including negotiating provisions for a new zoning overlay district and collaborating with town council and adjacent property owners. We also represented the developer in securing an approved development agreement with the Town of Cary, negotiating economic incentive packages (including advice on local taxes and contracts), and advising on trademarks, public relations, and branding.
(See coverage in The News & Observer and Multihousing Pro.)
Lead Attorney: Mary Katherine Stukes
We assisted a Baltimore-based developer in clearing environmental roadblocks for an office tower in one of Raleigh’s trendiest neighborhoods. The threat of environmental contamination had previously hindered development of this prime location on the corner of two of downtown’s busiest streets. We were successful in securing a Brownfields agreement with the North Carolina Department of Environmental Quality for the high-density, mixed-use project. Our advising also included assistance with related construction and design requirements and transactional matters.
(See coverage in the Triangle Business Journal and The News & Observer.)
Lead Attorney: Tom Quirk
We are serving as real estate counsel on the transformation of a vacant property into a major mixed-use project that will help spur redevelopment in downtown Huntersville. The project will ultimately boast 400 residential units combining apartments and townhouse complexes and 165,000 square feet of grocery store-anchored retail space in multiple free-standing buildings. Our work includes the acquisition of the property from the town, negotiation of a joint venture agreement for the development of the retail parcels, advising on Brownfields and other environmental matters, and the negotiation of restrictions with the town, as well as easements and commercial use declarations.
(See coverage in the Charlotte Business Journal and The Charlotte Observer.)
Mosby Carolina Forest
Myrtle Beach, S.C.
Lead Attorney: Simpson Fant
We provided counsel on the financing of a signature luxury apartment community in Myrtle Beach. We acted as counsel to Mosby Carolina Forest in connection with a $44 million loan insured by the U.S. Department of Housing and Urban Development. The proceeds are being used to construct a 332-unit, $51 million multifamily housing project, which includes a lakeside trail, top-of-the-line amenities, and easy access to retail and medical offices.
(See coverage in The Sun News and WMBF News.)
Twin Lakes Center
Lead Attorneys: Jamie Schwedler & Russell Killen
We are representing LeylandAlliance on a unique mixed-use development featuring lake views and a walkable main street on a 34-acre parcel in Cary. The Twin Lakes Center will be anchored by a 130,000-square-foot Wegmans and feature restaurants, shops, and offices. We are providing counsel on land use, including site plan approval, entitlements, and easements. We also secured the adjacent zoning approval for up to 200 age-restricted multifamily units within Twin Lakes and are advising on site plan approval for that part of the development as well.
(See coverage in The News & Observer and the Triangle Business Journal.)
Tristone Manufacturing Plant
Lead Attorneys: Sam Moses & Susan Elliott
We handled the drafting, negotiating, and closing of a 215,000-square-foot build to suit industrial lease for a global manufacturer's first U.S. production facility. Tristone Flowtech Group is opening the facility on 23 acres in Mooresville. Our economic development consultants and attorneys also advised on site selection, negotiation of state and local incentives, and property due diligence. You can learn more about the project here.
(See coverage in the Charlotte Business Journal and Area Development.)