14-story office tower planned at Morehead and Tryon

Trinity Capital unveiled plans Thursday for a 14-story office tower at Morehead and South Tryon streets, the latest sign of confidence in uptowns rebounding commercial real estate market.

The tower, to be called 1000 South Tryon Street, will feature 300,000 square feet of office space and clear views of the uptown skyline. It will also have ground-level retail stores and a 900-space parking garage whose Morehead Street facade will look like an apartment building.

Trinity Capital founding partner Gary Chesson said the time is right for a new office tower, citing growing economic momentum in South End and the central business district. Were confident that this will be a very successful office development, he said in a statement.

Construction wont start until the project secures an anchor tenant. Once that happens, Chesson said the development will break ground with a 15-month construction schedule.

Several small businesses operate in the small buildings currently on the site. Trinity officials said those businesses wont have to move until after an anchor tenant is named.

Not far from Chessons project, several other office towers have been announced this year:

Just down Tryon, Crescent Communities is also seeking an anchor tenant for its planned 27-story Tryon Place mixed-use tower at Stonewall Street, where a Goodyear auto service center now stands.

Portman Holdings, the Atlanta-based company that built the Westin hotel in 2003, also needs an anchor for the 15-story office tower it wants to build on top of the Westins parking deck at South College and Stonewall streets.

Groundbreaking is slated for this fall on a 25-story office tower Spectrum Properties and Cornerstone Real Estate Advisers are building at Tryon and Third streets. That timetable would make it the first tower to start construction in uptown since the end of the recession. Babson Capital Management will be the anchor tenant for the 634,000-square-foot building, to be called 300 South Tryon.

Trinity officials said their towers location just outside of uptown lets them offer more parking and easier access than many locations in uptown proper.

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14-story office tower planned at Morehead and Tryon