{"id":1004166403,"date":"2017-02-09T07:42:54","date_gmt":"2017-02-09T15:42:54","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004166403"},"modified":"2022-12-08T20:15:12","modified_gmt":"2022-12-09T04:15:12","slug":"tscg-to-begin-reno-of-one305-centrals-retail-portion","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/tscg-to-begin-reno-of-one305-centrals-retail-portion\/","title":{"rendered":"TSCG to Begin Reno of One305 Central\u2019s Retail Portion"},"content":{"rendered":"<p>By Laura Calugar<\/p>\n<div id=\"attachment_1004166404\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/One305Central_Rendering_TSCG_0117.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004166404\" data-attachment-id=\"1004166404\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/tscg-to-begin-reno-of-one305-centrals-retail-portion\/one305central_rendering_tscg_0117\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/One305Central_Rendering_TSCG_0117.jpg\" data-orig-size=\"5034,2817\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"One305Central_Rendering_TSCG_0117\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/One305Central_Rendering_TSCG_0117.jpg?w=1024\" class=\"wp-image-1004166404 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/One305Central_Rendering_TSCG_0117.jpg\" alt=\"A rendering of the One305 Central project in Charlotte, N.C. \" width=\"300\" height=\"168\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/One305Central_Rendering_TSCG_0117.jpg 5034w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/One305Central_Rendering_TSCG_0117.jpg?resize=300,168 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/One305Central_Rendering_TSCG_0117.jpg?resize=768,430 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/One305Central_Rendering_TSCG_0117.jpg?resize=1024,573 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/One305Central_Rendering_TSCG_0117.jpg?resize=1536,860 1536w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/One305Central_Rendering_TSCG_0117.jpg?resize=2048,1146 2048w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/One305Central_Rendering_TSCG_0117.jpg?resize=150,84 150w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/One305Central_Rendering_TSCG_0117.jpg?resize=696,389 696w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/One305Central_Rendering_TSCG_0117.jpg?resize=1068,598 1068w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/One305Central_Rendering_TSCG_0117.jpg?resize=1920,1074 1920w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/One305Central_Rendering_TSCG_0117.jpg?resize=751,420 751w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004166404\" class=\"wp-caption-text\">A rendering of the One305 Central project in Charlotte, N.C.<\/p><\/div>\n<p><strong>Charlotte, N.C.\u2014<\/strong>The Shopping Center Group recently announced that the renovation process of the 10,000-square-foot retail spacein the One305 Central project is set to begin this month. As part of a $50 million project launched in 2015 with the demolition of existing warehouses, the restoration of the retail portion can commence as residential construction nears completion. Atlanta-based TriBridge Residential acquired the 5-acre site in 2014 for $8 million and is now the developer of the project. Citizens Bank provided $29 million in financing for the mixed-use building.<\/p>\n<p>Local firm Hood Architecture designed the updated retail and restaurant space, while Roper Construction is expected to complete the commercial space this fall. As the exclusive listing agent, The Shopping Center Group is now looking for dining and entertainment tenants to occupy the building, originally built in the 1960s and 1970s.<\/p>\n<p>\u201cWith both the character of the design and the modern amenities we expect will fill the commercial space, we anticipate One305 Central will be a welcomed addition to Plaza Midwood. The restaurant space, in particular, will complement the existing restaurants in the neighborhood,\u201d said Yates Dunaway, TriBridge Residential\u2019s vice president.<\/p>\n<p>Located at 1305 Central Ave., One305 Central is a 246-unit luxury community 1 mile northeast of Charlotte\u2019s Uptown. Residents will be able to move in starting this summer. According to Yardi Matrix data, they will benefit from a fitness center, business center, swimming pool, 360 parking spaces, as well as street-level dining and retail spaces. The renovated building will also incorporate 2,000 square feet of patio space.<\/p>\n<p>\u201cKnown as one of Charlotte&#8217;s most diverse and eclectic neighborhoods, Plaza Midwood is begging for new and more contemporary amenities. One305 Central was designed to complement the unique character of the neighborhood and it will deliver what the residents are looking for,\u201d said Darrell Palasciano, leasing advisor for The Shopping Center Group, in prepared remarks.<\/p>\n<p>Roughly 110,000 people with an average household income of $85,500 live within a two miles radius of One305 Central. The average daily traffic at the intersection of Central Avenue and Hawthorne Lane is 9,400 vehicles.<\/p>\n<p><em>Image courtesy of BouncePath Marketing\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The advisory firm is seeking dining and entertainment tenants for the 10,000-square-foot retail space in Charlotte\u2019s Plaza Midwood neighborhood. <\/p>\n","protected":false},"author":238,"featured_media":1004166404,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1582,21782,21752,21742,32781],"tags":[33925,33927,33926,33928,33923,33924],"class_list":["post-1004166403","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-charlotte","category-development","category-mixed-use","category-latest","category-southeast","tag-citizens-bank","tag-hood-architecture","tag-one305-central","tag-roper-construction","tag-the-shopping-center-group","tag-tribridge-residential"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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