Lichtin plans to build the first of seven office buildings at Toringdon, a $100-million, mixed-use community at Interstate 485 and the Johnston Road extension. The 93,000-sf structure is expected to be completed during summer 2001 at an estimated cost of $10 million.

The 50-acre Toringdon will also have 100,000 sf of retail space and 72 townhomes.

. Most notable of the mixed-use developments in the Charlotte area is the $240-million redevelopment of the old convention center, a project that has been plagued with delays since the city put it on the market in 1995. Berwyn, PA-based LCOR has been awarded the project.

Situated in the heart of Uptown, the three-acre project will comprise an $18-million parking deck for 1,500 cars; a $48-million, 220,000-sf retail area; a $74-million, 25-story, 507,000-sf office tower; and a $44-million, 250-room to 350-room luxury hotel.

TrizecHahn Office Properties plans to start construction before the year is out on a $100-million office park off Interstate 77 at Reames Road. The first building, in a series of seven or eight buildings totaling more than 800,000 sf, is expected to be 80,000 to 100,000 sf. Lease rates will run about $18.50 per sf.

Healthcare Resource Associates, a Charlotte-based healthcare and consulting company, has bought about 5.5 acres from Lord Baltimore Properties for about $470,000. The company plans to build a $2.25-million, 20,000-sf headquarters at Lord Baltimore Properties' South Point Business Park.

Pizzagalli Properties is building a $2.5-million, 50,000-sf spec office building at its North Pointe Executive Park and expects to finish before the year is out. The park will have five buildings totaling 250,000 sf.

Instant Insights /

Area Office Development on Fast Track

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