STATE OF THE CENTER CITY - Charlotte Center City Partners

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STATE OF THE CENTER CITY - Charlotte Center City Partners
STATE                  CENTER CITY
2020

                     OF THE

                              CHARLOTTE

PRESENTING SPONSOR
STATE OF THE CENTER CITY - Charlotte Center City Partners
85

                                                                                                                          J.T.
                                                                                                                          Williams
                                                                                                           Lincoln                           Druid Hills
                                                                                     University
                                                                                                           Heights                           North
                                                                                     Park
                                                                   Oakview
                                                                   Terrace
                                                                                     Washington
                                                                                     Heights

                                                                                                                                                                             Sugar Creek
                                                    Lakewood                                             Oaklawn
                                                                                                         Park               Double    Druid Hills
                                                                                                                            Oaks      South
                                                                                                       McCorey
                              85
                                                                                                       Heights                                      Tryon Hills

                                                Enderly                                           Biddleville         Greenville                                                       North
                                                                         Smallwood
                                                Park                                                                                                                                   Charlotte
                                                                                                                                             Lockwood
                                                                          Seversville
                                                                                                                                                                            Villa
                                                                                                                                                      Optimist              Heights
                                      Ashley Park                                                                                                     Park                                    Plaza
                                                                       Wesley Heights
                                                                                                                      FOURTH
                                                                                                                      WARD                                                                    Hills
         1 MILE
       2 MILES
                                                                                                         THIRD
       3 MILES                                                                                           WARD
                                                                                                                                                             Belmont
                                                               Bryant Park                                       UPTOWN              FIRST
                                                                                                                                     WARD                                             Plaza-Midwood

                                                            Westover
                                   West Boulevard           Hills                                                         SECOND
                                                                                                                          WARD

                                                                           Wilmore                                                                                     74

                                                                                                                                      MIDTOWN                                          Commonwealth
                                              Revolution               Brookhill                                                                           Elizabeth
                                              Park
                                                                                   SOUTH
                                                                                   END                                                                                            Chantilly
                                                                                                                                       Cherry
                                                                                                        Dilworth
                                                                                                                                                                                           Coliseum
                                                           Southside                                                                                                                       Drive
                                                           Park
    Center City Partners’                                                                                                                                                                             74

    Jurisdiction includes
    • Uptown (Charlotte’s Central
      Business District - CBD)                                                                                                                        Eastover
    • South End                                                         Sedgefield
    • Midtown                                                                                            Park Road/                  Myers
                                                                                                         Freedom Park                Park
          Light Rail
          Streetcar
          Streetcar Construction

D
STATE OF THE CENTER CITY - Charlotte Center City Partners
LEADING THE WAY TOWARD
A NEW DECADE

    The start of a new decade offers a unique opportunity to take stock of our goals      Those accomplishments took place against the backdrop of an evolving Center
    and aspirations. And, as we begin the 2020s, it is clear that Charlotte has closing   City that serves as a magnet for top talent and innovative companies. South
    speed on its competitors. Nowhere is this more evident than in Center City,           Tryon’s energy is extending into South End, which has matured as an office
    which is concluding its most prolific period of growth.                               market and a center of gravity for companies like Lowe’s, LendingTree and EY.
                                                                                          Now, as we enter a new decade, it is time for us to prepare for Charlotte’s next
    In just the past year, our Center City distinguished itself by making big moves in    phase of growth.
    business, higher education and sports that will profoundly alter the urban core.
                                                                                          With the creation of the ALL IN: Center City 2040 Vision Plan, we will have
    The year began by winning Honeywell’s global headquarters to Uptown, kicking          the opportunity to make big moves on transit, to increase our commitment
    off a tremendous wave of job growth. The merger of BB&T and SunTrust,                 to affordability and inclusivity, grow jobs and investment, and build upon a
    which brought Truist’s headquarters to North Tryon, reinforced our leadership         growing retail scene.
    position as a national financial services hub. Atrium Health and Wake Forest
    University announced plans to create a medical school in Charlotte, which has         Charlotte has a decades-long legacy of big thinking. But we are in competition
    the potential to transform the region’s health care and technology sectors. And       every day with great cities across the United States and around the world. As
    we secured a Major League Soccer franchise that will build upon today’s energy        our predecessors have, we must boldly accelerate into this new decade, building
    and vibrancy.                                                                         toward our shared vision for an even more thriving and beloved Center City.

                                                                                          Pat Rodgers                        Michael J. Smith
                                                                                          Chair, Board of Directors          President & CEO
STATE OF THE CENTER CITY - Charlotte Center City Partners
2019 CHARLOTTE CENTER CIT Y
HIGHLIGHTS

The most prolific decade     In 2019, 1.6 million SF of office space was        5.7 million SF of office space      Charlotte has the second largest            The share of workers
of development across        leased in the CBD, the fourth most active          in South End will exist upon        population of computer related degree       using alternate modes of
all real estate categories   CBD in the U.S. for leasing. This was the result   completion of all planned and       holders on the East Coast, second only to   transportation such as bus
has just been completed      of new job announcements and expansions            under construction projects. This   New York City.                              and light rail has doubled
in Center City which         throughout 2019.                                   is more than double the amount                                                  since 2010, along with the
is consistently among                                                           that existed in 2009.               Fifteen universities yielded over 13,000    emerging modes of scooters
the top 5 for office                                                                                                local graduates in 2019. Joining them are   and ride share programs.
construction among                                                                                                  talented individuals taking advantage
U.S. CBDs.                                                                                                          of nontraditional programs such as UNC
                                                                                                                    Charlotte’s Coding Boot Camp.

DEVELOPMENT                  WORK                                               WORK                                WORK                                        ON THE GO
Page 4                       Page 6                                             Page 9                              Page 11                                     Page 12

2
STATE OF THE CENTER CITY - Charlotte Center City Partners
Charlotte’s average rent     Visitors, residents and workers    4 out of 10 MSA residents visit Uptown at       Center City is a popular destination   More growth is on the horizon
is 22% lower than peer       enjoy over 340 food and beverage   least once a year to enjoy a special event or   for work and leisure travelers. With   for Center City. To ensure a
cities. Center City’s rent   establishments in Center City,     arts and cultural amenity.                      5,700+ modern hotel rooms and          sustainable future as a vibrant
is 28% lower than peer       which has grown 13% from 5 years                                                   2,000+ more in the pipeline, Center    downtown, plans are underway
CBD averages, making         ago.                               Uptown is a mecca for sports fans.              City can play host to major events,    to expand transit, increase
Charlotte one of the most                                       125+ regular season games of NBA, NFL,          such as the 2019 NBA All-Star Game.    connectivity and develop talent.
affordable fast growing                                         and MiLB take place in Uptown every year.
cities in America.

LIVE                         EXPERIENCE                         EXPERIENCE                                      STAY                                   ON THE HORIZON
Page 16                      Page 22                            Page 24                                         Page 32                                Page 34

                                                                                                                                                                                          3
STATE OF THE CENTER CITY - Charlotte Center City Partners
DEVELOPMENT
A record decade of development

                      The past 10 years has been     Hotel development has also
                      the most prolific decade of    boomed. In 2012, when the
                      development ever for Center    city hosted the Democratic
                      City. Acres of parking lots    National Convention, 4,400
                      and underutilized space have   rooms were available; when
                      been replaced by offices and   the Republican National
                      housing to accommodate         Convention kicks off in 2020,
                      highly productive companies    over 6,200 rooms will be
                      and their workforce.           available in the CBD. Retail
                      Charlotte has remained         has also grown, particularly
                      near the top of the busiest    in South End, where high
                      CBDs for office construction   quality development and
                      quarter after quarter. The     rapid residential growth has
                      amount of housing built has    attracted multiple national
                      enabled the population to      retailers including Sephora
                      double in the past decade.     and West Elm.

                                                                                     CENTER CITY FAST FACTS

                                                                                     $4B+
                                                                                     of new development
                                                                                                          47%
                                                                                                          of housing has been
                                                                                                                                     17%
                                                                                                                                     of office has been
                                                                                     planned              built in the past decade   built in the past decade

PRESENTED BY

mvalaw.com

4   D E V E LO PM E N T
STATE OF THE CENTER CITY - Charlotte Center City Partners
Center City has traditionally had
low housing and office vacancy
rates which have constrained
growth. The new development
of the past decade is allowing
new companies to locate here
and existing ones to expand.
An increase in housing means
the workforce can grow and
enjoy a diverse housing market.
More hotel rooms mean an
increase in visitors.

                                    DEVELOPMENT BY DECADE

                                                                                              OFFICE SPACE FOR
                                                                                                   41,300
                                                                                               OFFICE WORKERS

                                                                                           RETAIL SPACE FOR
                                                                                                     81
                                                                                     NEW SHOPS & RESTAUR ANTS

                                                                                      HOTEL SPACE FOR
                                                                                     1,000,000+
                                                                                    OVERNIGHT VISITORS

                                                                             RESIDENTIAL SPACE FOR
                                                                                  19,500
                                                                                NEW RESIDENTS

                                    SOURCE: CHARLOTTE CENTER CITY PARTNERS                        *INCLUDES UNDER CONSTRUCTION

                                                                                      D E V E LO P M E NT > C E NT E R C I T Y   5
STATE OF THE CENTER CITY - Charlotte Center City Partners
WORK
                                                 FAST FACTS

5,000+ new jobs for a thriving business center   1.6M
                                                 square feet of office absorbed
                                                                                       5,000+ 31%
                                                                                       new jobs announced   growth in residents with a
                                                 in the first three quarters of 2019   in 2019              bachelor’s degree or higher living
                                                                                                            in Charlotte from 2010 to 2017

                                                       2019 was marked by                   manufacturing, fintech and
                                                       major announcements by               banking. Charlotte remains
                                                       corporations establishing            an important international
                                                       offices in Uptown and                financial center as the second-
                                                       South End. New office                largest banking hub in the
                                                       product designed for today’s         United States based on assets.
                                                       workforce, explosive growth          Existing businesses have
                                                       in regional talent, accessibility    also seen a strong period of
                                                       and an unmistakable energy           expansion within Center City,
                                                       attracted new businesses from        driving much of the leasing
                                                       a variety of sectors including       at new and renovated
                                                       retail technology, diversified       office projects.

P R E SE NT E D BY

cbi-nc.com

6     WO R K
STATE OF THE CENTER CITY - Charlotte Center City Partners
The urban environment is where
energy is naturally unleashed through
the collision of diverse people and
experiences. It is critical to attracting
a great workforce. When business
leverages good design and an agile,
interactive workplace inside this urban
environment, it results in an experience
that people want to be a part of.”
David Longo, Founder and Chief Executive Officer,
CBI | Workplace Solutions

                                                    RECENT CENTER CITY RELOCATION & EXPANSION ANNOUNCEMENTS

                                                     NAME                                    LOCATION                        JOBS ANNOUNCED   INDUSTRY

                                                     Ally Bank                               Stonewall Street Uptown         1,700            Banking

                                                     AvidXchange Expansion                   AvidXchange Music Factory       1,200            Fintech

                                                     Better.com                              WeWork RailYard                 1,000            Mortgage

                                                     Dimensional Fund Advisors               Dimensional Place South End     316              Financial Services

                                                     Honeywell                               Legacy Union Uptown             750              Technology Management

                                                     Krispy Kreme                            Hawkins Street South End        120              Food Service Management

                                                     LendingTree                             Spectrum South End              436              Mortgage

                                                     Lowe's                                  Design Center South End         2,000            Retail/Management/Tech

                                                     Mitsubishi                              WeWork | 615 S College Street   300              Financial Services

                                                     Truist                                  Hearst Tower                    2,000            Banking

                                                    SOURCE: CHARLOTTE CENTER CITY PARTNERS                                                              WO R K > J O B G ROW T H   7
STATE OF THE CENTER CITY - Charlotte Center City Partners
BUILDING APPRECIATIONS - SALES PRICE PER SQUARE FOOT

                                                                                                                    32%
                                                                                                                  Gateway Center
                                                                                                                                                  41%
                                                                                                                                              Johnston Building
                                                                                                                                                                              119%
                                                                                                                                                                             400 South Tryon
                                                                                                                    2016 - 2019                  2015 - 2019                   2014 - 2018

                                                                   PEER CBD OFFICE ABSORPTION VS RENTS (YEAR TO DATE OCTOBER 2019)

Uptown
Uptown’s office market draws
                                       1.6M+
                                       square feet of office
strong demand from tenants             absorbed in 2019
across a variety of industries.
Despite consistent quarters of rent
growth, Uptown remains a value
compared to CBDs in competitive
                                       27%
                                       of Charlotte’s tech jobs
markets with average rents almost      are in Uptown
1/3 lower. Employment has grown

                                       34%
by 57% over the past 10 years.
This demand is spurring new
development and creating profits       growth in financial,
                                       professional services and
for property owners; recent building
                                       management-related jobs
trades have set price records.         in 5 years

                                                                        PEER CITIES INCLUDE: ATLANTA, AUSTIN, BOSTON, CHICAGO, DALLAS, DENVER, HOUSTON, NASHVILLE, RALEIGH, SAN FRANCISCO, SEATTLE, WASHINGTON DC
8   WO R K > UPTOWN                                                     SOURCE: JLL
SOUTH END OFFICE SPACE

South End
     South End has emerged as a top pick         In 2019, over 3,500 new jobs were
     for new office leases. EY, Lowe’s,          announced for South End. These
     LendingTree and Dimensional Fund            new businesses will join almost 400
     Advisors have joined a host of              professional firms that currently call
     businesses that value the innovative        South End home.
     energy found in South End.

                                                                                                SOURCE: CHARLOTTE CENTER CITY PARTNERS

 At Dimensional, we
 believe our employees
 are our most important
 asset, and our South
 End location has been
 a phenomenal place
 in helping us find and
 attract exceptional
 talent to best serve
 our clients.”
 Aaron Marcus, Head of Global Human Resources,
 Dimensional Fund Advisors

                                                                                                                                         WO R K > S O U T H E ND   9
Small Business
& Entrepreneurship
Small business and start up activity is a key part of Center City’s business
community. Two of North Carolina’s most well known start ups, Tresata and
AvidXchange, have grown into unicorns, valued at over $1 billion, within the
footprint of Center City. A mix of local coworking spaces, groups like Carolina
Fintech Hub and a collaborative and supportive business environment are
helping fuel innovative new companies. Center City’s coworking spaces allow
for start up activity as well as flexible space for larger companies.

            2/3                                   1/3               500,000+
OF BUSINESSES HAVE FEWER              OF SMALL BUSINESSES ARE        SQUARE FEET OF
    THAN 10 EMPLOYEES                IN PROFESSIONAL SERVICES    COWORKING & FLEXIBLE
                                                                 OFFICE SPACE, IDEAL FOR
                                                                 LAUNCHING BUSINESSES

       There is no other place like Deal Days where
       someone can pitch their company to a group
       of C-suite executives that have the ability to
       bend the business development cycle from 6-12
       months to 60 minutes. These C-suite executives,
       who usually are competitors, come together
       to collaborate to help Charlotte’s entrepreneur
       ecosystem be cutting edge.”
       Tariq Bokhari, Executive Director, Carolina Fintech Hub

10   WO R K > S M ALL BUS I N E SS & ENTREP RENEURSHIP
Talent
                      Talent growth has been tremendous                         Education has played a major role in
                      in the Charlotte metro area. More                         building the workforce as 15 higher
                      employment opportunities have driven                      learning institutes confer degrees
                      new talent to the region, and the growth                  within the region. Additionally,
                      in talent has driven new business to                      Charlotte attracts graduates from
                      the region.                                               major universities throughout the
                                                                                Southeast. Options including UNC
                      Of new residents in the region,                           Charlotte Coding Boot Camp, Tech
                      52% relocated for an employment                           Talent South and Central Piedmont
                      opportunity. Center City’s amenities                      Community College allow for workers
                      offer a dynamic workday experience                        to access new skills and training within
                      which allows for people to get out                        a short time frame. Center City is also
                      and draw inspiration from the urban                       home to multiple MBA programs.
                      landscape and density of ideas.

TECH TALENT BY CITY               Why do workers like Center City?
                      32%           ACCESS TO NETWORKING & PROFESSIONAL DEVELOPMENT OPPORTUNITIES

                      29%           DIVERSITY OF JOB OPPORTUNITIES

                      24%           PROFESSIONAL GROWTH

                       15%          CREATIVE INSPIRATION

                      TOP 3 ENVIRONMENTAL ASPECTS OF WORKING IN CENTER CITY

SOURCE: US CENSUS

                                    43%                                    39%                      33%
                         VARIETY OF RESTAURANTS                        WALKABILITY             ENERGETIC URBAN
                             & COFFEE SHOPS                                                     ENVIRONMENT

                      SOURCES: CHARLOTTE CENTER CITY PARTNERS 2019 PERCEPTION SURVEY                  WO R K > TA L E NT   11
FAST FACTS                                                                                     PRESENTED BY

     30%
     of workers commute via
                                     178
                                     nonstop destinations
                                                               48,000+
                                                               commuter parking spaces in Uptown,
     public transit for either all   from Charlotte Douglas    coupled with 6,400+ Park & Ride      tandh.com
     or part of their trip           International Airport     spaces along the Blue Line

ON THE GO
          Center City lies at the          Scooter and bike share
          convergence of the region’s      options make it easy to
          road and transit network,        travel around South End
          making it simple for workers     and Uptown, especially with
          to access. Charlotte Douglas     new bike lanes and the Rail
          International Airport is         Trail. Construction will begin
          located less than 15 minutes     in 2021 on a new pedestrian
          from Uptown and offers           bridge over I-277 making the
          1,400 daily arrivals and         connection between the two
          departures.                      districts seamless for those
                                           on foot or bike. In 2020,
                                           B-Cycle will add e-bikes to
                                           its fleet of bicycles.

12   O N THE GO
By Air
Charlotte Douglas International
Airport (CLT) is the second largest
hub for American Airlines, the world’s
largest airline. This provides for
outstanding connectivity with
178 nonstop destinations offered.
CLT is easily accessible from Center
City via a 15 minute drive. The airport
is also served by an express bus that
leaves from Uptown every 20 minutes
throughout the day.

                                          FLIGHT TIMES
                                              UN DE R 1 H OUR

                                              UN DE R 2 H OUR S

                                              UN DE R 3 H OUR S

                                              3 H OUR S OR M OR E

                                          37
                                          International Flights

                                          8
                                          Direct Flights to Europe

                                                O N T H E G O > BY A I R   13
TRANSPORTATION OPTIONS FOR COMMUTERS

                                                                                                    6,400                     8                18              48,000
                                                                                             FREE PARK & RIDE SPACES      LIGHT R AIL   EXPRESS BUS ROUTES   PROFESSIONALLY
                                                                                            ALONG THE BLUE LINE LIGHT    STOPS SERVE        & 26 LOCAL          MANAGED
                                                                                             R AIL PLUS 37 ADDITIONAL    CENTER CIT Y      ROUTES SERVE      PARKING SPACES
                                                                                             PARK & RIDE LOTS SERVED                         UP TOWN           IN UP TOWN
                                                                                                 BY EXPRESS BUSES

                                                                                            Growth in Commuters by Mode Since 2010
                                                                                            193%            LOCAL OR EXPRESS BUS

                                                                                            193%            LIGHT RAIL

                                                                                            80%             LIVE / WORK / WALK

Public Transit & Parking
Center City offers workers many options for commuting. The network of bus and transit
service, including free Park & Ride lots, allows commuters flexibility in how they get
to work. One-third of all commuters use transit or walk as a part of their daily commute.

14   O N THE GO > PUBLI C T R ANSIT& PARKING
Getting Around
One of the most loved aspects of Center City is the ability to park the car or step off transit and have a safe
and enjoyable pedestrian experience with shaded sidewalks and an interesting streetscape. For cyclists, the
first phase of the 5th and 6th Street Protected Bike Lane (cycle track) opened in 2019 providing a link from
the Irwin Creek Greenway to the west and the Little Sugar Creek Greenway to the east. The cycle track is
expected to be complete by 2021, with more to come.

                       CONNECTED & EASY TO GET AROUND

                              1.9M+                    25,000+                    2,000+
                        SCOOTER TRIPS SINCE         PEDESTRIANS A DAY           USERS A DAY ON
                      PROGR AM L AUNCH IN 2018      AT TR ADE & TRYON             R AIL TR AIL

                                 94                        80%                      240+
                        UP TOWN WALK SCORE           CITED WALK ABILIT Y            SHOPS &
                        “WALKER’S PAR ADISE”         AS VERY IMPORTANT       RESTAUR ANTS WITHIN
                                                    IN THEIR DECISION TO     A 15 MINUTE WALK OF
                                                     MOVE TO SOUTH END          TR ADE & TRYON

                                                                                                                  O N T H E G O > G E T T I NG A RO U ND   15
LIVE
            Homebuilding kicked off          to living a vibrant urban
            the development boom             lifestyle. Home ownership
            of the past decade and           opportunities are available
            has not slowed down.             with a steady supply of
            New homes have filled            resale homes in Uptown and
            every corner of Center City      multiple new townhouse
                                                                             FAST FACTS
            providing opportunities
            for people to enjoy a walkable
                                             projects in South End.
                                             Additionally, within three      93%
                                                                             growth in housing units
                                                                                                       135%
                                                                                                       growth in housing units
                                                                                                                                 30%
                                                                                                                                 of Center City residents have
            urban place. The apartment       miles of Uptown, a wide
                                                                             since 2010 in Uptown      since 2010 in South End   moved in over the past year
            market has consistent low        variety of housing options is
            vacancy rates and steadily       available offering a simple
            increasing rents indicative      transit, bike or car commute.
            of the value assigned

            PRESENTED BY

            circauptown.com

16   LIVE
One of Charlotte’s greatest assets is its
diverse housing market within an easy
commute of Center City. For residents
seeking an urban environment, Uptown
and South End have over 18,000 market
rate homes to choose from including
luxury high rise, midrise flats, town
homes and historic single family homes.
Additionally, work force and senior
housing is also located in the area.

Uptown is ringed by a wide variety of
neighborhoods offering single family
homes that are popular with families.
For residents looking for more space,
mass transit makes Uptown an easy
commute from our suburban communities.
                                            AVERAGE RENT & MEDIAN HOME PRICE COMPARED TO PEER CITIES

                                                                                 AVERAGE RENT      MEDIAN HOME PRICE   COST OF LIVING**

                                                          CENTER CITY              $1,787          $461,300*                  NA
                                                  CHARLOTTE REGION                 $1,467           $235,000                98.9
                                                          PEER CBD***             $2,484            $573,291*                 NA
                                                          PEER REGION             $2,068            $419,000                 138
                                              * ZILLOW AVERAGE HOME VALUE                                              SOURCES: RENT CAFE & NAHB
                                             ** < 100 IS U.S. AVERAGE. LOWER IS MORE AFFORDABLE.
                                            *** PEER CITIES LISTED ON PAGE 8

                                                                                                                                                   LIVE   17
UPTOWN RESIDENT FACTS

                                                                                 There’s nothing quite like living in Fourth
           33%                         73%                        2              Ward. You’re hard pressed not to run into
      OF HOUSEHOLDS
        HAVE A DOG
                               INCREASE IN THE NUMBER
                              OF RESIDENTS UNDER AGE 5
                                                             FULL SERVICE
                                                            GROCERY STORES
                                                                                 neighbors and friends while strolling
                                 IN THE PAST 5 YEARS                             through our historic district. Whether I’m
                                                                                 walking to work, to one of the myriad of
                                                                                 restaurants and bars, a show or sporting
            131                        30%                      70%              event, Fourth Ward residents are out and
      ACRES OF GREEN
      AND OPEN SPACE
                               OF HOMES ARE OWNER
                              OCCUPIED / AVER AGE LIST
                                                          OF RESIDENTS OVER 18
                                                         HAVE A COLLEGE DEGREE
                                                                                 about throughout Uptown enjoying the
                                  PRICE $296,250                                 city. It really makes this a special place
                                                                                 quite unlike any other.”
                                                                                 Jeremy Baldwin, Uptown resident

Uptown
Uptown offers residents a walkable urban lifestyle
with housing at a variety of types and price points.
The variety of homes and neighborhoods creates a
unique mix of affordable housing, modern high rise
apartment complexes, historic homes and mid rise
condominiums, with homes suited to all life stages.

18   L I V E > UPTOWN
South End
                                                                                   South End has experienced 186% population growth over the past decade.
                                                                                   The big draw to the district is the walkable urban environment filled with
                                                                                   shops and restaurants. Housing options include modern apartment homes
                                                                                   mixed with a variety of town homes for sale.

                                                                                   DENSITY CHANGE

                                                                        PEOPLE                 >1                                             6                     14
                                                                      PER ACRE

                                                                            YEAR
                                                                                             2000                                        2010                    2020

SOUTH END RESIDENT FACTS
                                                                                                        Living in such a fun and unique place like
                                                                                                        South End means you can walk to anything
                                                                                                        you are looking for. From cute breakfast
                                                                                                        spots, like Lincoln’s Haberdashery, to
        66%                         97%                      33%
  OF RESIDENTS MOVED IN    CITED THE ABILIT Y TO WALK   OF RESIDENTS WORK                               entertaining bars like Pins Mechanical
 FROM ANOTHER CIT Y / OF
THOSE NEW RESIDENTS T WO
                           TO SHOPS & RESTAUR ANTS
                             AS A KEY REASON THEY
                                                            IN UP TOWN
                                                           OR SOUTH END                                 Company, there is something for everyone!”
  OUT OF THREE MOVED TO        CHOSE SOUTH END
   CHARLOT TE FOR WORK                                                                                  Justine Blayney, South End resident

                                                                                                                                                                L I V E > S O U T H E ND   19
EXPERIENCE                                                                                FAST FACTS

                                                                                          26
                                                                                          new bars & restaurants
                                                                                                                         75+
                                                                                                                         works of public art
                                                                                                                                                     17
                                                                                                                                                     new services & soft goods
                         Center City consistently        events to create an exciting     opened in 2019                 to explore                  retailers opened in 2019

                         offers new and exciting         environment for both new
                         experiences for visitors. New
                         shops, restaurants, bars and
                                                         and returning visitors,
                                                         residents and workers.           125+
                                                                                          professional sporting events
                                                                                                                         365
                                                                                                                         days of music & events,
                                                                                                                                                     131+
                                                                                                                                                     acres of open space in Uptown
                         breweries open every week.      2019 was a banner year for
                                                                                          per year ranging from family   including award winning     including parks, urban trails &
                         Public spaces are constantly    events as Uptown hosted          friendly Minor League          parades, arts, events &     greenways for active recreation
                         changing, with new murals,      the NBA All-Star game.           Baseball to events drawing     festivals that show case
                         art and events. The creative    Charlotte SHOUT! debuted         in fans from across the        the region’s talent &
                                                                                          country like the 2019 NBA      bring artists & musicians
                         energy flowing from these       as a multi-week celebration      All-Star Game                  from around the world
                         experiences combines with       of art, music, food and ideas.                                  to Charlotte
                         Center City’s established       80% of the region’s residents
                         arts and cultural scene and     come Uptown at least once
                         robust calendar of sporting     a year.

                                                         PRESENTED BY

20   E X P E RI E N CE                                   patrickschneiderphoto.com
E X P E R I E NC E   21
7                        32                  250+
                                                                                                           CR AFT BREWERIES            COFFEE SHOPS,          RESTAUR ANTS
                                                                                                         IN SOUTH END, WITH 19       22 LOCALLY OWNED
                                                                                                        MORE JUST A SHORT UBER
                                                                                                        OR LIGHT R AIL RIDE AWAY

                                                                                                                  35                         7                    24
                                                                                                           COCKTAIL LOUNGES            ICE CREAM SHOPS,      FITNESS STUDIOS
                                                                                                             & WINE BARS                  6 BAKERIES,            & GYMS
                                                                                                                                   2 CHOCOL ATE CR AFTERS,
                                                                                                                                     1 HONEYBUN FACTORY
                                                                                                                                    & 1 DOUGHNUT R&D L AB

Restaurants & Bars
                     Restaurants and bars are an important    70% of regional visitors eat out in
                     part of the Center City environment.     Center City. Driven by growing numbers
                     For residents, being able to walk to     of workers, residents and visitors, the
                     these establishments consistently        past decade has seen an explosion in
                     ranks at the top of why people move      the options for eating and drinking
                     here. 86% of workers eat out for lunch   in and around Center City, with new
                     at least once a week and cite the        concepts opening regularly.
                     selection of bars and restaurants
                     as one of the perks of working in
                     Center City.

22   E X P E RI E N CE > RE S TAUR ANTS & B ARS
Shop
  Retail is growing, with South End          Shopping events such as Front Porch
  becoming a hot spot for major national     Sundays, Small Business Saturday
  retailers including Sephora, Bonobos       and The Uptown Flea pop up
  and Design Within Reach joining unique     regularly bring a festive vibe
  local shops such as Girl Tribe, Magnolia   to the retail scene.
  Emporium and Ultra Running Company.

                                                                                          65%                  $119,000                  $94,271
                                                                                   OF SOUTH END RESIDENTS   AVER AGE CENTER CIT Y   AVER AGE CENTER CIT Y
                                                                                     AT TEND FRONT PORCH     HOUSEHOLD INCOME         WORKER INCOME
                                                                                   SUNDAYS MAKING IT THE
                                                                                    MOST HIGHLY AT TENDED
                                                                                    EVENT IN THE DISTRICT

                                                                                                                                     E X P E R I E NC E > S H O P   23
Arts & Culture
Center City is home to the region’s most
active performing, cultural and visual
arts institutions. Over half of the region’s
residents make it into Uptown each year to
enjoy a show or exhibition at one of these
world class venues.

                                                     35,000+                     180,000+                        1,400+                            120+
                                                  WORKS OF ART IN THE       STUDENTS VISIT DISCOVERY      MODERN WORKS OF ART AT          YEARLY PERFORMANCES AT
                                               MINT MUSEUMS’ COLLECTIONS         PL ACE YEARLY             THE BECHTLER MUSEUM          THE BLUMENTHAL PERFORMING
                                                                                                                                               ARTS CENTER

                                                         75+                          28                            22                                2
                                                 WORKS OF PUBLIC ART         PROFESSIONAL DANCERS         22 UNIQUE PRODUCTIONS IN     MUSEUMS DEDICATED TO CULTURE
                                                 WITH MORE ON THE WAY      WITH THE CHARLOT TE BALLET    THE 2019-2020 SEASON OF THE   & HISTORY - THE HARVEY B. GANT T
                                                                           PLUS 1,000+ STUDENTS AT THE      CHARLOT TE SYMPHONY         CENTER FOR AFRICAN AMERICAN
                                                                           CHARLOT TE BALLET ACADEMY                                     ARTS & CULTURE & THE LEVINE
                                                                                                                                          MUSEUM OF THE NEW SOUTH

24   E X P E RI E N CE > ART S & CULTURE
4                       1.9M                       125
PROFESSIONAL TEAMS CALL   FANS AT TENDED REGUL AR    REGUL AR HOME SEASON
   CENTER CIT Y HOME       SEASON GAMES IN 2019     GAMES PL AYED IN UP TOWN
                                                             IN 2019

         17+                    $87.7M                  250,000+
    HOME GAMES PER        MILLION ECONOMIC IMPACT     OUT OF TOWN VISITORS
SEASON TO BE PL AYED BY        OF THE 2019 NBA        CAME FOR 2019 SPECIAL
CHARLOT TE’S NEW MAJOR         ALL-STAR GAME            EVENTS INCLUDING
  LEAGUE SOCCER TEAM                                   THE CIA A BASKETBALL
                                                    TOURNAMENT & BELK BOWL

                                                                               Sports
                                                                               Uptown Charlotte plays host to
                                                                               a variety of sporting events year
                                                                               round. Three professional teams
                                                                               make Uptown their home, while
                                                                               a variety of special events and
                                                                               tournaments, including: the 2019
                                                                               NBA All-Star Game, the ACC Football
                                                                               Championship, and international
                                                                               soccer events, regularly draw crowds.
                                                                               Games played by Charlotte’s new
                                                                               MLS team and the 2020 ACC Baseball
                                                                               Tournament will add to the mix!

                                                                                                             E X P E R I E NC E > S P O RT S   2255
Events
        Special events are a big driver of
        visitors to Center City. Nearly 60%
        of visitors from the region come to
        Uptown at least once a year for these
        unique experiences. Parades, pop up
        shopping events, cultural festivals
        and art crawls keep the calendar busy
        year-round.

                                                100+
                                                YEARLY EVENTS & PROGR AMS PRODUCED
                                                BY CHARLOT TE CENTER CIT Y PARTNERS

                                                200+
                                                BUSINESSES PARTICIPATE IN SOUTH END’S ANNUAL
                                                SMALL BUSINESS SATURDAY EVENT

                                                72
                                                YEARS OF TR ADITION BEHIND THE NOVANT HEALTH
                                                THANKSGIVING DAY PAR ADE

                                                65%
                                                OF SOUTH END RESIDENTS REGUL ARLY AT TEND SPECIAL
                                                EVENTS IN THE NEIGHBORHOOD SUCH AS FRONT PORCH
                                                SUNDAYS & GALLERY CR AWLS

                                                60%
                                                OF THE REGION’S RESIDENTS COME UP TOWN AT LEAST
                                                ONCE A YEAR TO AT TEND A SPECIAL EVENT OR FESTIVAL

26   E X P ERI E N CE > E VE N T S
Charlotte SHOUT! brings two weeks of
internationally recognized art, music,
food and ideas together for a festival
that reaches all corners of Center
City. The diverse offerings include
performances geared toward children,
multiple musical genres and thought
provoking conversations. Most of the
activities are free to the public.

                                         E X P E R I E NC E > E V E NT S   27
Parks & Rail Trail
                     Center City has a wide variety of public   Additionally, the first phase of the
                     spaces for visitors to enjoy. From         6th Street cycle track opened in 2019
                     the energetic and lively art-lined Rail    which creates a safe connection to 22
                     Trail, to Romare Bearden Park with its     miles of greenway. Residents love their
                     specialty gardens, artwork and water       parks: 60% of Uptown residents go
                     features, there is a park for every        once a week, and 60% of South End
                     mood. Many of these spaces also play       residents hit the Rail Trail weekly.
                     host to regular events, serving as
                     Charlotte’s front yard.

                                                                                                                  18                    1                  5
                                                                                                          PARKS & OPEN SPACE         OFF LEASH        PL AYGROUNDS
                                                                                                          FEATURES IN UP TOWN        DOG PARK

                                                                                                                   3                   22                  7
                                                                                                              SPR AY GROUNDS,    MILES OF GREENWAY    PARKS HOSTING
                                                                                                             1 AQUATIC CENTER,   CONNECT THROUGH     REGUL AR EVENTS
                                                                                                          1 INDOOR WATER PARK         UP TOWN

28   E X P E RI E N CE > PARKS & R AIL TR AIL
15                     200+                              2,000+
   WORKS OF ART           SHOPS & RESTAUR ANTS                  DAILY USERS
ALONG THE R AIL TR AIL   WITHIN WALKING DISTANCE             ON THE R AIL TR AIL
                            OF THE R AIL TR AIL

                                              E X P E R I E NC E > PA R K S & R A I L T R A I L   29
AMBASSADORS

                        FAST FACTS

                        632
                        homelessness service
                                                  3,000+
                                                  safety escorts for
                                                                                36,000+
                                                                                guests of Uptown served with
                        referrals in 2019         visitors in 2019              hospitality assistance in 2019

                                               In 2019, a Center City Ambassador
                                               program launched in Uptown. The
                                               uniformed ambassadors provide
                                               hospitality services to ensure guests
                                               are able to make the most of their
                                               experience. Ambassadors also play a
                                               critical role in connecting homeless
                                               citizens to social service providers
                                               and agencies.

30   A M BAS SAD O RS
2019 PANHANDLING INTERVENTIONS

                                 A M B A S SA D O R S   31
FAST FACTS

     1.9M
     estimated overnight
                                     $180
                                     ADR, the 10th
                                                              50%
                                                              of rooms built or
     visitors in 2019                consecutive year         renovated since 2015
                                     of increase

STAY
                  Steady demand from                In 2019, the first hotel
                  business travelers, growth        opened in South End,
                  in conventions and an             testimony to the demand
                  increase in leisure travelers     driven by the district’s new
                  have sparked demand for           office users and the growth
                  new hotel rooms. In the           of amenities such as shops
                  past decade, the number           and restaurants.
                  of hotel rooms in Center
                  City has grown by 36%.

32   STAY
Center City offers a great
hotel selection with
modern rooms; almost
half of the rooms in
Uptown have been built
or renovated since 2015.

UPTOWN HOTEL OCCUPANCY RATES & AVERAGE DAILY RATES   YEARLY ROOM NIGHTS BOOKED IN UPTOWN

                                                     SOURCES: CRVA & STR

                                                                                           S TAY > H OT E L S   33
ON THE HORIZON                                                                                                                                                          Building
                                                                       Building Capacity

The Center City 2040          Stonewall Street and South End           North Tryon Street is set to kick off a major               The Silver Line light rail studies   The Gold Line Streetcar
Vision Plan is underway       have added 2 million square feet         redevelopment project with a new public library as the      are underway. The next phase of      is expanding west to link
and will create a blueprint   of office, with 4.6 million square       centerpiece. Multiple development sites are available in    light rail will connect Uptown to    Uptown and Johnson
for the future growth         feet planned or under construction.      the district with the North Tryon Vision Plan in place to   points east toward Matthews and      C. Smith University,
of Center City. The plan      These new developments are               guide the vision of the area as a vibrant urban place.      West to the Charlotte Douglas        and east into the Plaza
will be heavily informed      expanding the CBD south along the                                                                    International Airport.               Midwood neighborhood.
by comprehensive              light rail line, providing new Class A                                                                                                    The completion of this
community engagement.         office for business growth.                                                                                                               expansion will create
                                                                                                                                                                        an additional transit
                                                                                                                                                                        alternative for these
                                                                                                                                                                        communities.

PRESENTED BY

progressiveae.com

34   O N T HE HO RI ZO N
Connection                                                                                                             Adding Excitement
                                           Growing Talent

Gateway Station is a major            A pedestrian bridge over I-277 is in the         Creating a new Blue Line        A medical school has been     Major League Soccer awarded
multimodal transit project that       planning stages. A public/private partnership    Station in South End is         proposed for Charlotte,       Charlotte an expansion team, the
will include Amtrak service, local    is enabling the project to go forward and        being considered. A potential   a collaboration between       league’s 30th. With support from
and regional bus service as well as   bring an iconic design element to the            station located between         Atrium Health, Wake Forest    the City of Charlotte, NFL Carolina
a light rail stop. The new station    city, while giving pedestrians and cyclists      East/West and New Bern          Baptist Health and Wake       Panthers owner David Tepper led
is underway and is envisioned as      using the Rail Trail a safe and efficient link   stations would be funded via    Forest University. Planning   and secured the expansion bid.
a mixed use district with housing,    between Uptown and South End.                    a public/private partnership.   will begin in 2020.           The team will begin to play in Bank
office and retail.                                                                     The station would create                                      of America Stadium in 2021.
                                                                                       easier access to a variety
                                                                                       of retail offerings including
                                                                                       Publix as well as several new
                                                                                       office projects.

                                                                                                                                                                      O N T H E H O R I ZO N   35
ACKNOWLEDGMENTS
Board of Directors
Pat Rodgers – Chair            Jesse Cureton                        Tom Glick                Janet LaBar                             Cindy Noble
Rodgers                        Novant Health                        Carolina Panthers        Charlotte Regional Business Alliance    Compass Group, North America

Tom Finke – Chair-Elect        Dr. Kandi Deitemeyer                 Malcolm Graham           Tiffani Lewis                           Mike Praeger
Barings                        Central Piedmont Community College   Charlotte City Council   Entrepreneur                            AvidXchange

Diane Morais - Treasurer       Dena Diorio                          Johno Harris             Carol Lovin                             Ernie Reigel
Ally Bank                      Mecklenburg County                   Lincoln Harris           Atrium Health                           Moore & Van Allen

Jennifer Appleby               Dr. Philip Dubois                    Mark Holoman             Dr. Michael Marsicano                   Pat Riley
Wray Ward                      UNC Charlotte                        Cousins Properties       Foundation For The Carolinas            Allen Tate Companies

Jeep Bryant                    George Dunlap                        Taiwo Jaiyeoba           Katie Morgan                            Terry Shook
Arts & Science Council         Mecklenburg County Board             City of Charlotte        Bank of America                         Shook Kelley
                               of Commissioners
Clay Armbrister                                                     Marcus Jones             Tom Murray                              Earnest Winston
Johnson C. Smith University    Rob Engel                            City of Charlotte        Charlotte Regional Visitors Authority   Charlotte-Mecklenburg Schools
                               Wells Fargo
Malcomb Coley                                                       Sam Judd                 Tom Nelson                              Darrel Williams
EY                             David Furman                         Asana Partners           National Gypsum                         Neighboring Concepts
                               Centro CityWorks

Sponsors                                                                                     Credits
PRESENTING SPONSOR             SECTION SPONSORS                                              DESIGN

                                                                    progressiveae.com
cbi-nc.com                     circauptown.com
                                                                                             rachelmartindesign.com

                                                                                             PHOTOGRAPHY                             ADDITIONAL PHOTOGRAPHY BY

                               mvalaw.com                                                                                            Austin Caine Photography
                                                                                                                                     photos.austincaine.com
                                                                    tandh.com
                                                                                                                                     Travis Dove Photography
                                                                                                                                     travisdove.com
                                                                                             patrickschneiderphoto.com
                                                                                                                                     L. Wolff Photography
                                                                                                                                     lwolffphoto.com

36   AC K NOWLE D GM E N T S
37
200 SOUTH TRYON STREET, SUITE 1600 | CHARLOTTE, NC 28202 | 704.332.2227
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