CHARLOTTE — Chicago-based Riverside Investment & Development Co. will soon start site preparation for Queensbridge Collective, a $700 million mixed-use project at the edge of uptown Charlotte and South End.
The massive project at 1111 S. Tryon St. includes a 35-story, 600,000-square-foot office building and a 45-story multifamily tower with about 400 units and parking at levels two through nine, as well as 20,000 square feet of ground-floor retail.
“These projects take two years to even get to the starting line, then two to three years to build and time to stabilize,” Anthony Scacco, chief operating officer at Riverside, told the Charlotte Business Journal in an interview. “You’re talking from ideation to income-producing property, seven years of labor.”
A ceremonial groundbreaking is to take place at the site on May 24.
Read more and check out additional renderings here.
(WATCH BELOW: Despite construction, downtown Concord shops are still open)
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