Developer seeks rezoning for $60M mixed-use project near Metropolitan

Charlotte developer Goode Properties is seeking to rezone 1.7 acres across the street from the Metropolitan development for a mixed-use project that would feature a hotel, residences, offices and retail space.

The project, Baxter Place, would be built on roughly three-quarters of a one-block area east of South Kings Drive. Project plans also call for five townhomes and a six-level, 500-space parking deck.

Goode Properties is requesting that Charlotte City Council approve a rezoning request to allow a 140-foot-tall building on the site. Thats 40 feet above the sites current height restrictions.

Roy Goode, owner of Goode Properties, said the eight-story building would house the hotel and the office and retail space. He said the building needs to be 140 feet tall or the project wouldnt make economic sense, given land values and construction costs.

The site proposed for the project takes up most of the block defined by Luther Street to the north, Cherry Street to the east, Baxter Street to the south and South Kings Drive to the west. Roughly the southeast one-quarter of that block is not part of the project, Goode said.

Total development costs would be around $60 million, he said. Those costs would include demolition of two rental homes on the sites east side, where the townhomes would go.

Goode said no hotel deals have been signed yet. If a hotel deal is not reached, the building would be entirely offices and retail.

Plans for the hotel come in a year that has seen a handful of other hotel projects announced in or near uptown.

For example, a partnership comprising McKibbon Hotel Management of Florida and Charlotte-based Vision Ventures and Mount Vernon Asset Management in June announced plans for a 20-story hotel tower at the EpiCentre entertainment complex. In March, Crescent Communities unveiled plans for an office and hotel development on South Tryon Street.

Charlotte hospitality industry officials have said that having more hotels in uptown could help the city attract larger conventions.

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Developer seeks rezoning for $60M mixed-use project near Metropolitan