Charlotte Business Journal - "South End adaptive-reuse project targets office, restaurant, retail tenants"

South End adaptive-reuse project targets office, restaurant, retail tenants

As published by the Charlotte Business Journal

Jennifer Thomas
Aug 10, 2017, 2:17pm EDT

This Charlotte development firm has plans for an adaptive-reuse project in South End.

LCRE Capital says it is under contract for a 20,000-square-foot warehouse at 200 Southside Drive — roughly half a block from The Olde Mecklenburg Brewery.  Its affiliate, LCRE Partners, will handle leasing and marketing of that property.

Plans are to renovate that space into a modern office building. But the developer is open to alternate uses such as restaurant, retail and brewery, says Aaron Ligon, principal and broker with LCRE Partners.

“We expect strong interest in the space based on the demand we’ve seen for quality space in the submarket, and historically low vacancy rates,” he says.

That space should be ready for occupancy by the second quarter of 2018, says Jon Dixon, principal of LCRE Capital.

LCRE Capital specializes in acquiring and revitalizing adaptive-reuse properties across Charlotte, including in NoDa, uptown Charlotte, Plaza Midwood, South End and FreeMoreWest.

Dixon declined to share terms of the deal until it is finalized, though it is beginning to market the space. Costs to upfit will be tenant-driven.

He notes that building has everything LCRE looks for in an adaptive reuse project, including 14.5 foot ceilings, exterior masonry and minimal columns on the interior.

“It’s extremely versatile and built to a standard that would be almost impossible to replicate today,” Dixon says.

He notes the access to highways and proximity to the light rail, parking and vibrancy of the area as additional positives. That building is within walking distance to a number of breweries and entertainment options such as Sugar Creek Brewing Co., Great Wagon Road Distilling Co. and Queen Park Social.

“We’re excited to bring this project to life,” Dixon says.

1616 Center recognized at Vision Awards; Southend projects add retail and restaurants

Southend continues to be one of the fastest growing neighborhoods in Charlotte due to its eclectic culture and close proximity to the Light Rail.  LCRE Partners is proud to be a part of two projects that are contributing to its vibrancy.  1616 Center and Camden Gallery have added 20,000sf of retail to Camden Road, with 6 new restaurants and shops, and more on the way.

1616 Center, photo courtesy of Beacon Partners

1616 Center, photo courtesy of Beacon Partners

Congratulations to David Furman, Beacon Partners, Axiom Architecture, Edifice and the LCRE Partners team for being recognized at the Vision Awards for 1616 Center.

1616 Center, a nearly 80,000 sf office and retail project, is ambitious in scale and design.  The project was conceived by David Furman at Centro Cityworks, an accomplished developer and architect in Charlotte.  Axiom Architecture and Furman delivered incredible design in the urban context, with street retail, functional stairs connected to the streetscape, and artistic vision throughout the building. Aaron Ligon of LCRE Partners secured the project’s site and collaborated on various aspects of the project. Beacon Partners is the owner and developer of 1616 Center. Charlie Swanson and Kristy Venning have leased the office space in the project to 100%. 

Davis Hahn of LCRE Partners has lead the retail leasing effort at 1616 Center.  2 leases have been signed with restaurants.  Fidelli will offer a number of unexpected and exciting twists on "Fresh, Fast Italian" fare.  A second restaurant has leased 4,600sf on the corner at Camden and Kingston, and plans to announce its concept soon.  One retail space of approx. 1,850 sf remains available.

1616 Center wins "Special Achievement Award" at 2016 Vision Awards. 

David Furman speaks on behalf of the development team for 1616 Center.  Aaron Ligon (LCRE Partners), Ryan Trimble and Steve Barton (Axiom), Gary Creed (Edifice), and Mike Harrell (Beacon Partners)

David Furman speaks on behalf of the development team for 1616 Center.  Aaron Ligon (LCRE Partners), Ryan Trimble and Steve Barton (Axiom), Gary Creed (Edifice), and Mike Harrell (Beacon Partners)

David Scott and Davis Hahn of LCRE Partners at the Vision Awards.  Photo Credit:  Austin Caine Photography for Charlotte Center City Partners

David Scott and Davis Hahn of LCRE Partners at the Vision Awards.  Photo Credit:  Austin Caine Photography for Charlotte Center City Partners


Photo courtesy of Camden Property Trust

Photo courtesy of Camden Property Trust

Camden Gallery was assembled by LCRE and designed by Furman / Axiom Architecture.  This 324 unit apartment, with 10,000 sf of retail was designed to address the community with engaging architecture and walkable retail, rather than parking garages and blank walls.  Camden Property Trust has developed an engaging project that is sure to be one of Charlotte's best residential and retail addresses. 

Blaze Pizza, Charlotte UltraRunning, and Blue Hem have opened so far, with more announcements coming soon.  Please visit if you haven't already.

Davis Hahn and Aaron Ligon at LCRE provided retail leasing.  We have one remaining retail space with patio area available for lease.

Ligon CRE rep's Legion Brewing into Plaza-Midwood

Article from Charlotte Biz Journal

Legion Brewing kicks off construction of Plaza-Midwood home (PHOTOS)

May 13, 2015, 1:54pm EDT

Jennifer Thomas

Legion Brewing is wasting no time in transforming its Plaza-Midwood home.

Construction at 1906 Commonwealth Ave. ramped up last week — on the same day final permits for the project were issued, says Phil Buchy, who has teamed up with Newton Craver on the venture.

Within 24 hours, the taproom and restrooms had been framed out. On the first level, preparations for a 15-barrel brewhouse were ongoing, first ripping out the existing concrete slab. A new floor was poured earlier this week.

Legion hopes to open its doors by early fall, Buchy says. “What we’re planning, our inspiration, is to be an all-American brewery,” he says.

All of the brewhouse’s equipment is American-made and was purchased north of Greensboro.

Buchy has been working on plans for the brewery since 2007. He notes he was looking for investors when the economy crashed.

Then he and Craver met through church and decided to take on the project together.

The duo has a clear-cut vision for the 11,000-square-foot space, down to the vibe it has. Legion’s tagline is "friends and beer."

“We want to create a culture that’s more of a legion of friends,” Craver says. “There’s nothing better than friends and beer.”

The brewery’s location was formerly occupied by the Brodt Music Co.

Legion will pay homage to the building’s history by incorporating bookshelves, wood and signs from Brodt Music.

“What we want is somebody to come in here and feel like it’s always been here,” Craver says. “Incorporating what was here before is part of that.”

During a recent visit to the space, a line drawn in the dirt on the floor depicted where the bar will sit. Plans call for the bar to have a sort of butcher-block look, made from a couple of thousand squares of end-grain wood, Buchy says.

“Obviously, your eyes are going to be drawn to the bar,” he adds.

The area around the bar will be standing-room-only, with drink rails providing an option for patrons. Or they can take advantage of table seating in the 2,700-square-foot taproom.

A section of the taproom will be dedicated to live music and feature murals and musical decor, including musical instruments used as light fixtures.

The venture will have a small kitchen and will eventually offer snacks such as charcuterie and cheese.

“We don’t want to compete with the neighborhood — we want to complement the neighborhood,” Buchy says.

French doors will be added, providing a view of the city skyline.

An existing brick wall will be removed, and a mezzanine overlooking the 5,000-square-foot brewhouse will enable guests to peek into Legion’s operations.

The brewhouse will have capacity to produce 3,500 barrels per year, with room to expand.

Downstairs, a natural cellar provides the perfect space to barrel-age brews. Legion will produce American farmhouse-style beer, including lagers and ales.

It plans to pull inspiration from local products when possible. That may mean incorporating peaches or honeysuckle into beer recipes.

A second phase of the project will add a private room and beer garden.

Davis Hahn of Ligon Commercial Real Estate represented the brewery.

Jay Levell of White Point Partners is the landlord.

Source: http://www.bizjournals.com/charlotte/news/...

Ligon CRE selected to market BNA | Riverwalk

Ligon CRE is pleased to market a new mixed-use commercial building in the innovative Riverwalk community in Rock Hill, SC.  Please contact Heath Knott (vcard) or Davis Hahn (vcard) for more information about office or retail spaces for lease.

BNA | Riverwalk

BNA | Riverwalk

The BNA building at Riverwalk will be a 5 story, state of the art office and retail center located in the heart of the River District at the Riverwalk in Rock Hill, SC. 

The location of the building is right at the mouth of the Carolina Thread Trail, which currently has approximately 10,000 visitors a month.  Pulling on the themes of the river, the BNA building takes a modern approach to soothing waters of the Catawba and the tall trees of its banks. 

The BNA building is anchored by Bernard N. Ackerman, CPA, P.A. - an accounting firm with over 35 years of experience in Rock Hill and York County. The BNA team will occupy the top two floors. 

Riverwalk

Riverwalk

The BNA building is proud to be the first office building to be built in the River District of the Riverwalk.  The Riverwalk is a unique multiuse development combining living, working, and recreational spaces. 

Partnering with the city of Rock Hill, Riverwalk is home to the Giordana Velodrome, a BMX bike track, the Carolina Thread Trail, and numerous other parks, bike paths, and ball fields.  The River District, where the BNA building will be located, will be the premier shopping and dining center in Riverwalk and is the only location with direct views of the Catawba.  For more information about  Riverwalk development please visit their website at www.riverwalkcarolinas.com

Ligon CRE to list 2 investment properties

Ligon CRE is listing 2 investment properties that are new to market in April 2015.  

Davis Hahn and Aaron Ligon are listing a free-standing, net leased restaurant in the Fort Mill / Tega Cay Submarket.  This is a 10-year NNN leased asset available at $1.4mm ~ 7%+ cap rate. 

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Davis Hahn and Aaron Ligon are also listing a net-leased office building in Charlotte, which is a 10-year net lease to single office tenant. This property is listed at $4.5mm ~ 8%+ cap rate. 

Please contact us for more information.