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Lincoln Harris Announces 600 South Tryon, Fourth Tower of Transformational Legacy Union Development in Uptown Charlotte

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Lincoln Harris and Goldman Sachs Asset Management announced plans for the 24-story, 415,000-square-foot office tower, 600 South Tryon, in Uptown Charlotte, expected to complete by Q4 2024. This building will include 20,000 square feet of retail space and is already attracting tenants like the law firm Robinson Bradshaw, which has leased 102,000 square feet. The project is part of the Legacy Union development, which has seen over 1.5 million square feet built to date, showcasing innovative architecture and ESG features.

Positive
  • 600 South Tryon is a major addition to the Legacy Union development, expected to enhance the real estate market in Uptown Charlotte.
  • Robinson Bradshaw signed a significant lease for 102,000 square feet, indicating strong demand for office space.
  • Overall development plan has already realized over 1.5 million square feet of office space, demonstrating successful growth.
  • Incorporation of ESG elements may attract environmentally conscious investors and tenants.
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  • None.

CHARLOTTE, N.C., July 12, 2022 /PRNewswire/ -- Lincoln Harris, in partnership with the Real Estate business within Goldman Sachs Asset Management, unveiled plans today for 600 South Tryon, the fourth office building at the 10-acre Legacy Union mixed-use development in the heart of Uptown Charlotte.

Plans unveiled for new 24-story office tower at Legacy Union in Uptown Charlotte.

Construction is underway on the 24-story, 415,000-square-foot building, with completion expected in the fourth quarter of 2024. In addition to the Class-A office space, 600 South Tryon will feature approximately 20,000 square feet of ground-floor retail and podium parking, along with conference, co-working and fitness spaces all offering terraces with outdoor access.

Law firm Robinson Bradshaw has signed a lease for approximately 102,000 square feet of space on the top four floors of the building.

"In just a few short years, Legacy Union has helped create a dynamic gateway for Uptown Charlotte," said Johno Harris, president of Charlotte-based Lincoln Harris. "The building and the overall vision of Legacy Union is a tribute to the city of Charlotte – combining a great location and incredible partnerships in a thriving region."

Lincoln Harris is partnering again with Goldman Sachs Asset Management in developing the tower, just as it did with the previous three office buildings at Legacy Union which now total more than 1.5 million square feet of space. LS3P will again provide architectural services, and Gilbane will reprise its role overseeing construction of the building at the northeast corner of the property bounded by Brooklyn Village Avenue and South Tryon Street.

Design is a distinctive feature of the Legacy Union development, and 600 South Tryon will be no exception. The building is envisioned as the "Big Sister" of the existing 650 South Tryon tower, with a contemporary architecture that serves as a visual counterpoint to the more traditional design of the 33-story Bank of America Tower.

Above its two-story base, 600 South Tryon will rise as an all-glass tower, its south façade arcing away from Bank of America Tower just as the 650 façade does on the opposite side. The building's façade gives a nod to Tryon Street with its cantilevered design, creating a dynamic entrance to the Plaza.

To create more visual interest, the 600 tower will step back from its parking podium at the ninth floor, providing terraces overlooking the Plaza and Brooklyn Village Avenue . The building's arcing and sloping penthouse screen caps the tower above 650, completing the overall composition of the Tryon Street block that is Legacy Union.

The building design will include ESG (Environmental, Social, Governance)  elements that are an ever-growing focus for investors, tenants and developers. From LEED Certification, water and energy efficiencies, air filtration, and touchless building entry to integrated public spaces and a comprehensive amenity center with co-working, meeting and fitness components. 

Leasing of the new building is being handled by Ridr Knowlton and Campbell Walker of Lincoln Harris.

About Lincoln Harris:

Lincoln Harris, together with Lincoln Property Company, provides clients with a national platform and unparalleled institutional resources, including commercial real estate development, investment and property management. Based in Charlotte, Lincoln Harris takes great pride in its reputation as one of the region's most accomplished full-service commercial real estate companies. Lincoln Harris' multi-disciplinary team has a long history of working through complex transactions and adopting innovative approaches to real estate problems. We develop and implement comprehensive national real estate programs for our clients and cultivate a sense of trust in the communities we serve and the individual transactions we service. To learn more about Lincoln Harris properties and services, please visit www.lincolnharris.com.

About Goldman Sachs Asset Management Real Estate

Bringing together traditional and alternative investments, Goldman Sachs Asset Management provides clients around the world with a dedicated partnership and focus on long-term performance. As the primary investing area within Goldman Sachs (NYSE: GS), we deliver investment and advisory services for the world's leading institutions, financial advisors and individuals, drawing from our deeply connected global network and tailored expert insights, across every region and market—overseeing more than $2 trillion in assets under supervision worldwide as of March 31, 2022. Driven by a passion for our clients' performance, we seek to build long-term relationships based on conviction, sustainable outcomes, and shared success over time. Goldman Sachs Asset Management invests in the full spectrum of alternatives, including private equity, growth equity, private credit, real estate and infrastructure.  Established in 1991, the Real Estate business within Goldman Sachs Asset Management is one of the largest investors in real estate with over $50 billion in assets invested since 2012 across the spectrum of investment strategies from core to opportunistic. Our global team invests across all sectors with deep expertise across the capital structure, in assets ranging from single properties to large portfolios, through senior mortgages, mezzanine debt and equity. Follow us on LinkedIn.

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SOURCE Lincoln Harris

FAQ

What is the significance of 600 South Tryon for Goldman Sachs (GS)?

600 South Tryon represents a substantial investment in the Uptown Charlotte area, further expanding Goldman Sachs' real estate portfolio.

When is the expected completion date for the 600 South Tryon tower?

The tower is expected to be completed in the fourth quarter of 2024.

How much office space will 600 South Tryon provide?

The building will offer 415,000 square feet of office space.

Which firm has secured leasing for space in 600 South Tryon?

Robinson Bradshaw has signed a lease for approximately 102,000 square feet in the building.

What are some features of the new 600 South Tryon building?

The building will boast retail space, co-working areas, fitness spaces, and terraces with outdoor access.

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