{"id":1004399750,"date":"2020-03-17T02:30:18","date_gmt":"2020-03-17T10:30:18","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004399750"},"modified":"2022-07-19T22:53:17","modified_gmt":"2022-07-20T06:53:17","slug":"top-10-office-projects-under-construction-in-north-carolina","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/top-10-office-projects-under-construction-in-north-carolina\/","title":{"rendered":"Top 10 Office Projects Under Construction in North Carolina"},"content":{"rendered":"<p>North Carolina\u2019s solid economy continues to rely on the service and financial sectors as well as engineering and energy production. The state is also home to the Research Triangle Park area and has started to diversify its economy and tenant base. Large players such as Honeywell and Advance Auto Parts are relocating their corporate headquarters to the state and further bolstering demand and office development.<\/p>\n<p>Construction activity is concentrated in North Carolina\u2019s two largest cities: Charlotte and Raleigh. According to Yardi Matrix, more than 9.5 million square feet of office space was under construction in the state as of February, with the majority of the underway properties already preleased. The bulk of the upcoming assets are expected to come online in 2021 and will serve as corporate headquarters for major companies including LendingTree, Ally Financial and Duke Energy, to name a few.<\/p>\n<p><script id=\"infogram_0_1a1a7b99-e7d6-4535-9f0c-7c09dd8c8154\" title=\"Top 10 Upcoming Office Deliveries in North Carolina\" src=\"https:\/\/e.infogram.com\/js\/dist\/embed.js?W5C\" type=\"text\/javascript\"><\/script><\/p>\n<h2>10. Raleigh Crossing<\/h2>\n<div id=\"attachment_1004328464\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/301-Hillsborough.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004328464\" data-attachment-id=\"1004328464\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/pendo-preleases-125-ksf-in-future-raleigh-tower\/301-hillsborough\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/301-Hillsborough.jpg\" data-orig-size=\"800,620\" 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;0&quot;}\" data-image-title=\"301 Hillsborough\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;301 Hillsborough St. &lt;i&gt;Rendering courtesy of The Fallon Company&lt;\/i&gt;&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/301-Hillsborough.jpg?w=800\" class=\"wp-image-1004328464 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/301-Hillsborough.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/301-Hillsborough.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/301-Hillsborough.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/301-Hillsborough.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004328464\" class=\"wp-caption-text\">301 Hillsborough St. <i>Rendering courtesy of The Fallon Company<\/i><\/p><\/div>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/the-fallon-co-breaks-ground-on-raleigh-tower\/\">The Fallon Co. broke ground<\/a> on the 292,500-square-foot project in September 2019. Situated at 301 Hillsborough St. in the heart of downtown Raleigh, N.C., the 20-story building represents the first phase of Raleigh Crossing, a mixed-use development named for its location at the junction of four city districts. The office building is expected to be completed in December 2021.<\/p>\n<p>At full build-out, the Duda|Paine Architects-designed development will encompass retail space, a 165-room hotel as well as 135 apartments. Software firm Pendo has already signed a four-story lease at 301 Hillsborough St., planning to move its corporate headquarters from the nearby Wells Fargo Capitol Center.<\/p>\n<h2>9. Vantage South End &#8211; West Tower<\/h2>\n<div id=\"attachment_1004342303\" style=\"width: 310px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/07\/Spectrum-project.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004342303\" data-attachment-id=\"1004342303\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/spectrum-breaks-ground-on-577-ksf-project-in-charlotte\/spectrum-companies-west-tower-lendingtree-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/07\/Spectrum-project.jpg\" data-orig-size=\"1246,935\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;The Spectrum Companies&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;The project will include two 11-story office buildings, an expansive urban park with event space, restaurants, shopping and a 200-room boutique hotel. The project is located one block from the Carson light rail stop in South End and just two blocks from Uptown Charlotte. LendingTree \\u2013 the nation\\u2019s largest online lending marketplace \\u2013 will anchor the development, moving its headquarters into 175,000 square feet in the first office building, which is set to be complete in January 2021.&quot;,&quot;created_timestamp&quot;:&quot;1564396745&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;Spectrum Companies West Tower LendingTree&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Rendering of the development at the corner of South Tryon Street and Carson Boulevard. Image courtesy of The Spectrum Cos.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Vantage South End &#8211; West Tower. Image courtesy of The Spectrum Cos.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/07\/Spectrum-project.jpg?w=1024\" class=\"wp-image-1004342303 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/07\/Spectrum-project.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/07\/Spectrum-project.jpg 1246w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/07\/Spectrum-project.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/07\/Spectrum-project.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/07\/Spectrum-project.jpg?resize=1024,768 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004342303\" class=\"wp-caption-text\">Vantage South End &#8211; West Tower. <em>Rendering\u00a0courtesy of The Spectrum Cos.<\/em><\/p><\/div>\n<p>In July 2019, a joint venture between Invesco Real Estate and Spectrum Group broke ground on Vantage South End &#8211; West Tower, a 295,600-square-foot office development in Charlotte\u2019s Midtown\u2013South End. Bank of America provided a $178.4 million construction loan.<\/p>\n<p>Scheduled for completion in the first quarter of 2021, the building will serve as LendingTree\u2019s new headquarters. The upcoming West Tower is located at 1100 S. Tryon St. and is part of a 635,000-square-foot, <a href=\"https:\/\/www.commercialsearch.com\/news\/spectrum-breaks-ground-on-577-ksf-project-in-charlotte\/\">$300 million mixed-use development<\/a>, which will also include another office tower, a boutique hotel and an urban park.<\/p>\n<h2>8. Honeywell Tower<\/h2>\n<p>Another office building taking shape in Charlotte is Lincoln Harris\u2019 Honeywell Tower. Construction of the 304,250-square-foot, 23-story tower started in October 2019, with completion anticipated in March 2021. The asset is located at 700 S. Mint St. and is part of the 10-acre, <a href=\"https:\/\/www.commercialsearch.com\/news\/lincoln-harris-unveils-plans-for-charlotte-observer-site\/\">mixed-use Legacy Union<\/a> development. Additionally, the tower will serve as Honeywell\u2019s newest corporate headquarters, expected to house 750 employees over the next five years.<\/p>\n<h2>7.\u00a02151 Hawkins<\/h2>\n<p>Portman Holdings is currently working on 2151 Hawkins, a 323,000-square-foot office building in Charlotte\u2019s emerging Midtown\u2013South End submarket. Developed on a former brownfield site, the 16-story property is expected to come online in March 2021, with Gensler leading the project design. The property\u00a0will include a food hall and will house the award-winning Sycamore Brewery. The site provides frontage on the Lynx Blue Line and Charlotte Rail Trail.<\/p>\n<h2>6.\u00a0Ballantyne Corporate Park &#8211; 13146 Ballantyne Corporate Place<\/h2>\n<p>The largest office project under construction outside of Charlotte\u2019s urban core is 13146 Ballantyne Corporate Place, a 328,000-square-foot asset developed by Northwood Investors. Construction on the 11-story property started in May 2019, with completion scheduled for March 2021. Wells Fargo provided $121 million in construction funding.<\/p>\n<p>The building is part of Ballantyne Corporate Park, a 2,000-acre community,\u00a0 which includes more than 4 million square feet of office space and 1,000 residential units as well as a hotel, located in the Highway 51 submarket. The campus is also home to 35 Fortune 500 companies, including Brighthouse Financial, Wells Fargo, Premier, Synchrony, TIAA, Lincoln Financial Group, Spectrum and Siemens.<\/p>\n<h2>5.\u00a0Advance Auto Parts Tower<\/h2>\n<p>Slated for delivery by September 2020, the second Raleigh, N.C., property on the list is Advance Auto Parts Tower, located in the city\u2019s North Hills area. Kane Realty Corp.\u2019s 336,834-square-foot asset will spread across 20 stories, with Bank OZK facilitating construction with an $84.7 million loan. Advance Auto Parts will anchor the building, taking up 85 percent of the total space. The other tenant in place is IAT Insurance Group.<\/p>\n<h2>4.\u00a0Legacy Union &#8211; 650 South Tryon<\/h2>\n<div id=\"attachment_1004285414\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/LH_650_SOUTH_TRYON_v4-e1544653257247.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004285414\" data-attachment-id=\"1004285414\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/deloitte-inks-90-ksf-lease-in-charlotte\/lh-650-south-tryon-v4\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/LH_650_SOUTH_TRYON_v4-e1544653257247.jpg\" data-orig-size=\"2310,1734\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Lincoln Harris&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;Lincoln Harris announced the second phase of its transformational mixed-use Legacy Union development in uptown Charlotte is under way with the construction of 650 S. Tryon, an iconic 18-story glass-and-steel structure that will adjoin nearly completed Bank of America Tower at 620 S. Tryon. Deloitte will be the anchor tenant in the building, which has 362,000 leasable square feet and will feature street-level retail space in addition to office space.&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;LH 650 SOUTH TRYON v4&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"LH 650 SOUTH TRYON v4\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;650 South Tryon. Rendering courtesy of Lincoln Harris&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/LH_650_SOUTH_TRYON_v4-e1544653257247.jpg?w=1024\" class=\"wp-image-1004285414 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/LH_650_SOUTH_TRYON_v4-e1544653257247.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/LH_650_SOUTH_TRYON_v4-e1544653257247.jpg 2310w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/LH_650_SOUTH_TRYON_v4-e1544653257247.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/LH_650_SOUTH_TRYON_v4-e1544653257247.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/LH_650_SOUTH_TRYON_v4-e1544653257247.jpg?resize=1024,769 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/LH_650_SOUTH_TRYON_v4-e1544653257247.jpg?resize=1536,1153 1536w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/LH_650_SOUTH_TRYON_v4-e1544653257247.jpg?resize=2048,1537 2048w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/LH_650_SOUTH_TRYON_v4-e1544653257247.jpg?resize=150,113 150w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/LH_650_SOUTH_TRYON_v4-e1544653257247.jpg?resize=696,522 696w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/LH_650_SOUTH_TRYON_v4-e1544653257247.jpg?resize=1068,802 1068w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/LH_650_SOUTH_TRYON_v4-e1544653257247.jpg?resize=1920,1441 1920w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/LH_650_SOUTH_TRYON_v4-e1544653257247.jpg?resize=560,420 560w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/LH_650_SOUTH_TRYON_v4-e1544653257247.jpg?resize=80,60 80w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/LH_650_SOUTH_TRYON_v4-e1544653257247.jpg?resize=265,198 265w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004285414\" class=\"wp-caption-text\">650 S. Tryon St. <em>Rendering courtesy of Lincoln Harris<\/em><\/p><\/div>\n<p>The 370,240-square-foot building represents the second phase of the Legacy Union project in downtown Charlotte, on the former site of The Charlotte Observer. Lincoln Harris broke ground on the 18-story project in December 2018, with completion scheduled for December 2020. U.S. Bank financed the construction with an $88.2 million loan. Deloitte will be the anchor tenant, <a href=\"https:\/\/www.commercialsearch.com\/news\/deloitte-inks-90-ksf-lease-in-charlotte\/\">leasing 90,000 square feet.<\/a><\/p>\n<h2>3.\u00a0Design Center Tower<\/h2>\n<div id=\"attachment_1004335331\" style=\"width: 310px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Design-Center-Tower_featured.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004335331\" data-attachment-id=\"1004335331\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/charlotte-lands-lowes-for-153m-tech-hub\/design-center-tower_featured\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Design-Center-Tower_featured.jpg\" data-orig-size=\"800,620\" 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;0&quot;}\" data-image-title=\"Design-Center-Tower_featured\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Design Center Tower. &lt;i&gt;Rendering courtesy of Lowe&#8217;s&lt;\/i&gt;&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Design-Center-Tower_featured.jpg?w=800\" class=\"wp-image-1004335331 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Design-Center-Tower_featured.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Design-Center-Tower_featured.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Design-Center-Tower_featured.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Design-Center-Tower_featured.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004335331\" class=\"wp-caption-text\">Design Center Tower. <i>Rendering courtesy of Lowe&#8217;s<\/i><\/p><\/div>\n<p>The fourth building on our list, expected to come online in March 2021, is Ram Realty Advisors&#8217; and Childress Klein\u2019s Design Center Tower in Charlotte\u2019s Midtown\u2013South End submarket. The joint venture began work on the $153-million project in October 2019. Upon completion, the asset will add 378,502 square feet of premier space to the market\u2019s total inventory.<\/p>\n<p>The 23-story property is rising at 100 W. Worthington Ave. and it will serve as Lowe\u2019s global tech hub. The home improvement giant will move more than 2,000 technology professionals in the building <a href=\"https:\/\/www.commercialsearch.com\/news\/charlotte-lands-lowes-for-153m-tech-hub\/\">by late 2021.<\/a><\/p>\n<h2>2.\u00a0Ally Charlotte Center<\/h2>\n<div id=\"attachment_1004397941\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/Ally-Charlotte-Center.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004397941\" data-attachment-id=\"1004397941\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/charlotte-monthly-cre-wrap-up-feb-2020\/ally-charlotte-center-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/Ally-Charlotte-Center.jpg\" data-orig-size=\"800,620\" 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;0&quot;}\" data-image-title=\"Ally Charlotte Center\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Ally Charlotte Center. &lt;i&gt;Rendering courtesy of Crescent Communities&lt;\/i&gt;&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/Ally-Charlotte-Center.jpg?w=800\" class=\"wp-image-1004397941 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/Ally-Charlotte-Center.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/Ally-Charlotte-Center.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/Ally-Charlotte-Center.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/Ally-Charlotte-Center.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004397941\" class=\"wp-caption-text\">Ally Charlotte Center. <i>Image courtesy of Crescent Communities<\/i><\/p><\/div>\n<p>Also in Charlotte\u2019s CBD, Crescent Communities is currently developing Ally Charlotte Center, a 743,600-square-foot premier office asset at 601 S. Tryon St. The developer broke ground on the 26-story building in March 2018, with completion scheduled for March 2021. Regions Bank provided $167.8 million in construction financing.<\/p>\n<p>Ally Financial leased 400,000 square feet in the building and will consolidate its Charlotte employees there upon completion. The site will also feature the first JW Marriott in North Carolina.<\/p>\n<h2>1.\u00a0Charlotte Metro Tower<\/h2>\n<p>North Carolina\u2019s largest office property underway is Childress Klein\u2019s Charlotte Metro Tower in Queen City. Construction of the 1,025,000-square-foot building started in July 2019. Upon completion in March 2022, the project will include seven stories of retail space and seven levels of parking. It will also be the third-tallest office building in Charlotte.<\/p>\n<p>The 40-story development will house Duke Energy\u2019s future corporate offices. Located at 509 S. Tryon St., Charlotte Metro Tower is across from the company\u2019s current headquarters in Uptown Charlotte. The new location comes on the heels of Duke\u2019s plan to reduce its office space in the area by 25 percent.<\/p>\n<p><em>Yardi Matrix covers office properties of 50,000+ square feet in markets across the United States. This ranking reflects developments underway within that sample group.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The state\u2019s diversifying economy paved the way for an influx of premier projects, particularly in booming secondary markets such as Charlotte and Raleigh.<\/p>\n","protected":false},"author":741,"featured_media":1004399762,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1582,21782,41288,21742,21747,1604,32781],"tags":[39329,33739,33484,35205,34389,33056],"class_list":["post-1004399750","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-charlotte","category-development","category-rc-listicles","category-latest","category-office","category-raleigh-durham","category-southeast","tag-topofthelist","tag-childress-klein","tag-crescent-communities","tag-honeywell-pmt","tag-lendingtree","tag-lincoln-harris"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Top 10 Office Projects Under Construction in North Carolina - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/top-10-office-projects-under-construction-in-north-carolina\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Top 10 Office Projects Under Construction in North Carolina\" \/>\n<meta property=\"og:description\" content=\"The state\u2019s diversifying economy paved the way for an influx of premier projects, particularly in booming secondary markets such as Charlotte and Raleigh.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/top-10-office-projects-under-construction-in-north-carolina\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-03-17T10:30:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-07-20T06:53:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/Top-10-Upcoming-Office-Deliveries-in-North-Carolina.png\" \/>\n\t<meta property=\"og:image:width\" content=\"827\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Corina Stef\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/top-10-office-projects-under-construction-in-north-carolina\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/top-10-office-projects-under-construction-in-north-carolina\/\",\"name\":\"Top 10 Office Projects Under Construction in North Carolina - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/top-10-office-projects-under-construction-in-north-carolina\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/top-10-office-projects-under-construction-in-north-carolina\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/Top-10-Upcoming-Office-Deliveries-in-North-Carolina.png\",\"datePublished\":\"2020-03-17T10:30:18+00:00\",\"dateModified\":\"2022-07-20T06:53:17+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/73262f140f4b0a11baea2dd6f27beadf\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/top-10-office-projects-under-construction-in-north-carolina\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/top-10-office-projects-under-construction-in-north-carolina\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/top-10-office-projects-under-construction-in-north-carolina\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/Top-10-Upcoming-Office-Deliveries-in-North-Carolina.png\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/Top-10-Upcoming-Office-Deliveries-in-North-Carolina.png\",\"width\":827,\"height\":400},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/top-10-office-projects-under-construction-in-north-carolina\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Top 10 Office Projects Under Construction in North Carolina\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/73262f140f4b0a11baea2dd6f27beadf\",\"name\":\"Corina Stef\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Corina-Stef.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Corina-Stef.jpg?w=96\",\"caption\":\"Corina Stef\"},\"description\":\"Corina Stef started her tenure as a music journalist a decade ago and has been occupying a full-time real estate editor and blogger position since 2017. She is a senior associate editor with Commercial Property Executive and Multi-Housing News who focuses on commercial real estate trends and in-depth stories.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/corina-stef\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Top 10 Office Projects Under Construction in North Carolina - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/top-10-office-projects-under-construction-in-north-carolina\/","og_locale":"en_US","og_type":"article","og_title":"Top 10 Office Projects Under Construction in North Carolina","og_description":"The state\u2019s diversifying economy paved the way for an influx of premier projects, particularly in booming secondary markets such as Charlotte and Raleigh.","og_url":"https:\/\/www.commercialsearch.com\/news\/top-10-office-projects-under-construction-in-north-carolina\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2020-03-17T10:30:18+00:00","article_modified_time":"2022-07-20T06:53:17+00:00","og_image":[{"width":827,"height":400,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/Top-10-Upcoming-Office-Deliveries-in-North-Carolina.png","type":"image\/png"}],"author":"Corina Stef","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/top-10-office-projects-under-construction-in-north-carolina\/","url":"https:\/\/www.commercialsearch.com\/news\/top-10-office-projects-under-construction-in-north-carolina\/","name":"Top 10 Office Projects Under Construction in North Carolina - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/top-10-office-projects-under-construction-in-north-carolina\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/top-10-office-projects-under-construction-in-north-carolina\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/Top-10-Upcoming-Office-Deliveries-in-North-Carolina.png","datePublished":"2020-03-17T10:30:18+00:00","dateModified":"2022-07-20T06:53:17+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/73262f140f4b0a11baea2dd6f27beadf"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/top-10-office-projects-under-construction-in-north-carolina\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/top-10-office-projects-under-construction-in-north-carolina\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/top-10-office-projects-under-construction-in-north-carolina\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/Top-10-Upcoming-Office-Deliveries-in-North-Carolina.png","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/Top-10-Upcoming-Office-Deliveries-in-North-Carolina.png","width":827,"height":400},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/top-10-office-projects-under-construction-in-north-carolina\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Top 10 Office Projects Under Construction in North Carolina"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/73262f140f4b0a11baea2dd6f27beadf","name":"Corina Stef","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Corina-Stef.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Corina-Stef.jpg?w=96","caption":"Corina Stef"},"description":"Corina Stef started her tenure as a music journalist a decade ago and has been occupying a full-time real estate editor and blogger position since 2017. She is a senior associate editor with Commercial Property Executive and Multi-Housing News who focuses on commercial real estate trends and in-depth stories.","url":"https:\/\/www.commercialsearch.com\/news\/author\/corina-stef\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/Top-10-Upcoming-Office-Deliveries-in-North-Carolina.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004399750","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/741"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004399750"}],"version-history":[{"count":10,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004399750\/revisions"}],"predecessor-version":[{"id":1004592427,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004399750\/revisions\/1004592427"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004399762"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004399750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004399750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004399750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}