101 Independence Center

101 Independence Center
101 Independence Center, Charlotte, NC.jpg
General information
StatusComplete
TypeOffice
Coordinates35°13′36″N 80°50′37″W / 35.226529°N 80.843684°W / 35.226529; -80.843684Coordinates: 35°13′36″N 80°50′37″W / 35.226529°N 80.843684°W / 35.226529; -80.843684
Completed1983
Opening1983
Height
Antenna spire301 ft (92 m)
Technical details
Floor count20
Lifts/elevators11
Other information
Parking330 spaces
References
[1][2][3]

101 Independence Center is a high-rise office building located in uptown Charlotte, North Carolina. It was completed in 1983 and stands at a height of 301 ft (92 m) with 20 floors. It is the seventh largest building in Charlotte by leasable square feet with 565,694 square feet.[4][1][2][3] It sits on the former site of the Independence Building at Charlotte's Independence Square.

History[]

The building was finished in 1983. It is the site of the former Independence Building which was constructed in 1909, it was demolished in the early 1980's. [5] At its opening The Independence Building with 12 floors was the tallest building in North Carolina.[6]

LRC Properties and Cornerstone Real Estate Advisors purchased 101 Independence Center[7] from previous owner KBS Capital Advisors and Gramercy Property Trust[8] in 2015 for $108 million. At the time it was 84% occupied with Bank of America as the largest occupant with 261,000 square feet.[9] In August 2015 Bank of America vacated 95,000 square feet across four floors. Accounting firm CliftonLarsonAllen vacated the tenth floor earlier in 2015 which left 119,296 square feet of continuous space available. Few buildings in Uptown Charlotte at that time had that amount of continuous space available.[10]

In August of 2017 an $8 million building renovation began.[11][12] The renovations included adding a collobration area to the atrium, new art work in the lobby, and updated hallways and restrooms.[13]

Crescent Communities and Nuveen purchased the building in 2019 from LRC Properties for $132.3 million.[14] Currently Crescent is spending $25 million to renovate the building. The renovation will mostly affect the ground floor with the overhaul of the lobby, adding additional outdoor seating, and renovation of future ground floor retail space. The goal is to make retail more accessible from the street. Previously most retail was accessible from the interior. [15]

The building is 80% leased,[16] its tenants include Bank of America, Robinson Bradshaw, Levvel, Northeastern University, and Sunlight Financial and Spaces.[17] Levvel's occupancy is part of a doubling of Charlotte office square footage from 12,000 square in NASCAR Plaza to 24,000 in 101 Independence. The company chose the building due to its close proximity to parking and the light rail. It currently has 90 employees in Charlotte.[18]

See also[]

References[]

  1. ^ a b "101 Independence Center". The Skyscraper Center. CTBUH. Retrieved July 14, 2017.
  2. ^ a b "101 Independence Center". Emporis. Retrieved July 14, 2017.
  3. ^ a b "101 Independence Center". Skyscraper Source Media. Retrieved July 14, 2017.
  4. ^ Shapiro, Amy (9 October 2020). "Charlotte's largest office buildings Ranked by Leasable square feet". Charlotte Business Journal. Retrieved 30 May 2021.
  5. ^ Fahey, Ashley (17 August 2020). "Crescent Communities, Nuveen Real Estate to spend $25M-plus on One Independence Center renovations in uptown". Charlotte Business Journal. Retrieved 5 June 2021.
  6. ^ "Independence Building". Charlotte-Mecklenburg Historic Landmarks Commission. 7 December 1977. Retrieved 5 June 2021.
  7. ^ Boye, Will (4 March 2015). "Office tower in uptown Charlotte sells for $108 million". Charlotte Business Journal. Retrieved 5 June 2021.
  8. ^ Boye, Will (4 March 2015). "Sources: Cornerstone under contract to purchase uptown office tower". Charlotte Business Journal. Retrieved 5 June 2021.
  9. ^ Boye, Will (4 March 2015). "Office tower in uptown Charlotte sells for $108 million". Charlotte Business Journal. Retrieved 5 June 2021.
  10. ^ Boye, Will (7 August 2015). "Bank of America to vacate floors at uptown office building, creating big block for new owner". Charlotte Business Journal. Retrieved 5 June 2021.
  11. ^ Fahey, Ashley (2 August 2017). "New name for uptown office building as renovations get underway (RENDERINGS)". Charlotte Business Journal. Retrieved 5 June 2021.
  12. ^ Fahey, Ashley (17 August 2020). "Crescent Communities, Nuveen Real Estate to spend $25M-plus on One Independence Center renovations in uptown". Charlotte Business Journal. Retrieved 5 June 2021.
  13. ^ Fahey, Ashley (2 August 2017). "New name for uptown office building as renovations get underway (RENDERINGS)". Charlotte Business Journal. Retrieved 5 June 2021.
  14. ^ Fahey, Ashley (17 June 2019). "Update: Uptown acquisition could eventually lead to new Tryon Street tower, new owner says". Charlotte Business Journal. Retrieved 5 June 2021.
  15. ^ Fahey, Ashley (17 August 2020). "Crescent Communities, Nuveen Real Estate to spend $25M-plus on One Independence Center renovations in uptown". Charlotte Business Journal. Retrieved 5 June 2021.
  16. ^ Fahey, Ashley (17 August 2020). "Crescent Communities, Nuveen Real Estate to spend $25M-plus on One Independence Center renovations in uptown". Charlotte Business Journal. Retrieved 5 June 2021.
  17. ^ Fahey, Ashley (17 June 2019). "Update: Uptown acquisition could eventually lead to new Tryon Street tower, new owner says". Charlotte Business Journal. Retrieved 5 June 2021.
  18. ^ Hudson, Caroline (19 July 2019). "Charlotte tech firm Levvel to double uptown office space". Charlotte Business Journal. Retrieved 5 June 2021.