300 South Tryon | |
Location: | 300 South Tryon Street Charlotte, NC |
Coordinates: | 35.2257°N -80.8458°W |
Status: | Completed |
Start Date: | December 16, 2014 |
Completion Date: | October, 2017 |
Opened: | November 17, 2017 |
Building Type: | Office, Residential Hotel |
Roof: | 463feet[1] |
Floor Count: | 25 floors |
Elevator Count: | 24 floors |
Cost: | $330 million |
Floor Area: | 638000square feet[2] |
Architect: | LS3P |
Developer: | The Spectrum Companies |
300 South Tryon is an office high rise in Charlotte, North Carolina.[3] With a height of 463feet,[1] it is the 8th tallest building in Charlotte. It was completed in 2017.[4] Ground breaking was on December 15, 2014, and construction was completed on November 16, 2017.[5] 300 South Tryon was built on the last available undeveloped lot on South Tryon and was the first high-rise office building in uptown Charlotte since the end of the Great Recession.[6] The building has 638000square feet of space[2] including 22,000 square of street level retail space,[7] which makes it the 13th largest building in Charlotte by leasable space.[2]
In 2007, Spectrum and Cornerstone announced plans for a 32-story building on the site that would feature a mixture of retail, condos, and office space. However, the Great Recession dissolved these plans. An affiliate of Cornerstone Real Estate Advisors held onto the 1.6-acre property after the deal fell through.[7]
Babson Capital announced in May 2014 they were considering moving their headquarters from Springfield, Massachusetts to Charlotte. The existence of Barings came in 2016 as the result of MassMutual merging four asset management companies which included Babson Capital and Baring Asset Management.[8] Babson was then leasing 45000square feet at Duke Energy Center[9] with 140 employees located there.[10] The Charlotte based part of the company was the institutional debt management arm of First Union Corp, formerly Wachovia, and was acquired by Babson in 2002, at the time of acquisition the division had 17 employees.[10]
Babson Capital agreed to anchor the building and lease 200000square feet.[11] [10] Some of the building's tenants include Elior North America with 13000square feet,[12] Cushman & Wakefield with 16000square feet,[13] Knoll Inc. with 4000square feet,[14] King & Spalding with 27000square feet, Winston & Strawn with 26000square feet, FCA Partners with 4000square feet,[15] and CapTech with 12500square feet[16]
In June 2019 DealCloud moved into a 18000square feet space in the building. The company previously was occupying 6000square feet at 129 West Trade. In March 2023 Chicago law firm Seyfarth Shaw signed a lease for 17829square feet of space. In 2019 the firm opened their first Charlotte office by renting 5000square feet at 121 West Trade in Uptown.
Ameriprise Financial Inc. announced on May 25, 2023, the company will be creating a new corporate office in Charlotte leasing 53000square feet across two floors starting in the fall. This office will eventually create 400 jobs. The city of Charlotte was specifically chosen because of its diverse and growing economy.[17]
The hotel is 18 stories[18] with 217 rooms,[18] 9,300 square of meeting space which includes a 4,000 square foot ballroom. The interior a number of pieces of art and a cohesive color theme throughout the hotel. The guests amenities being offered are a mini bar, yoga mats, and complimentary bike rentals.[19] It also features a rooftop bar Merchant & Trade and Italian restaurant Angeline’s[20] both opened in November 2017.[21] Angeline’s features a main dining area which seats 136, a private room which can accommodate 36, and patio dining. On the hotel rooftop Merchant & Trade features a 4,500 square foot bar and lounge with views of Romare Bearden Park and Truist Field.[21]