Stiles Invests in South End, Breaks Ground on 300 West Summit Office Building
Posted on 8/15/2017Charlotte, NC — August 15, 2017 — Stiles, a longstanding developer of office buildings throughout the Southeast, today announced the start of construction on 300 West Summit; a Class A, 64,000-square foot boutique office building located in Charlotte's historic South End. Delivery is scheduled for September of 2018.
300 West Summit will be comprised of two spacious 25,500 square foot floor plates and a 12,800 square foot ground floor over 2.5 levels of subterranean parking. Distinguished by an expansive 2,000 square foot rooftop terrace and a facade reflective of historic South End, 300 West Summit will provide an office experience that fully incorporates the unique energy and characteristics of the burgeoning neighborhood in which it is situated.
"This project sets a new standard for boutique office in South End," said Chris Grenier, Stiles SVP of Development in the Carolinas. "With a spacious rooftop terrace that is underscored by unobstructed views of the Uptown Charlotte skyline, we aim to raise the bar for office space in South End and continue our contribution to the evolution of the area."
Located on the north side of West Summit Avenue between Church and Mint Streets, the three-story project is ideally situated within walking distance to the Bland light rail station. It is three miles from I-85 and offers unparalleled access to both I-77 and I-277, with on-ramps located within a half mile.
Tenants at 300 West Summit can also take advantage of nearby shopping, dining and a vibrant nightlife and entertainment offerings. There is an abundance of existing and planned residential communities adjacent to the project. Additionally, the project is less than one mile from the DOWD YMCA, Uptown Central Business District and Bank of America Stadium.
Stiles has developed several million square feet of office space in traditional downtown urban cores and suburban office parks. "With 300 West Summit, we're aiming to meet a particular trend emerging in the marketplace. Forward thinking businesses are beginning to locate their offices in less traditional settings that offer the lifestyle sought out by their employees as a means to attract and retain talent. South End, and all that it has offer, more than fits the bill," commented Stiles VP and Development Officer in the Carolinas Justin Siemens.
Property leasing representation is being provided by JLL Managing Director Charley Leavitt and Vice President Stephen Woodard. According to Leavitt, 300 West Summit's outstanding location and amenities are a nod to South End's young and energetic atmosphere.
"South End is one of the most unique locations in Charlotte due to its historic charm and plethora of dining establishments, activities and nightlife," said Leavitt. "The area's walkability, access to transportation, and luxury residential living create the quintessential urban experience for today's office user."
According to Leavitt, the project has been well received by the brokerage community. "We are groundbreaking with a solid footing in the market and a lot of interest from several lead tenants."
Since opening a regional office in Charlotte in 2012, Stiles has been rapidly expanding its brand throughout the Carolinas and beyond. With a strong local team, the company has completed three shopping centers and a land development project in Charlotte, as well as a Pillar award-winning luxury residential tower in Nashville, TN. In addition to 300 West Summit, Stiles is currently underway with The Carolinian on Glenwood, a luxury apartment project in Raleigh as well as Point Hope Commons, a 30,000-square foot shopping center in Charleston, SC.
Myers & Chapman will be the General Contractor for the project.
For leasing information, visit www.300westsummit.com or call Charley Leavitt at 704-927-3002.
Established in 1951, Stiles is a full-service real estate development firm with a clear mission: Invest. Build. Manage. Stiles services include development, construction, tenant improvement, realty, property management, architecture, acquisitions and financing. The company is responsible for more than 43 million square feet of office, residential, industrial, retail and mixed-use projects throughout the southeastern United States. Headquartered in Fort Lauderdale, Stiles maintains regional offices in Miami, West Palm Beach, Naples/Fort Myers, and Orlando, Florida, as well as a development office in Charlotte, North Carolina. Learn more about Stiles at www.stiles.com.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.4 billion square feet, or 409 million square meters, and completed sales acquisitions and finance transactions of approximately $145 billion. At the end of the second quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of nearly 80,000. As of June 30, 2017, LaSalle Investment Management had $57.6 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit ir.jll.com.