Indigo CLT is a mixed-use adaptive re-use development at the edge of Charlotte’s rapidly expanding North Davidson neighborhood, commonly referred to as “NoDa,” and adjacent to the LYNX light rail transit line. Currently functioning as a millwork manufacturing facility, the building is roughly 60,000 RSF. The industrial space has high ceilings, a timeless concrete structure, abnundant natural lighting, and multiple docks and will be redeveloped into a mixed-use space offering 40,000 RSF of creative office space, Indigo WORK, 20,000 RSF of retail, Indigo PLAY, and an 88 unit new apartment complex built adjacent to the existing building called Indigo LIVE.
The proposed tenant mix for the retail portion of the site includes a brewery with kitchen, a coffee & juice bar, a neighborhood bodega with deli, and a boutique and on demand fitness studio. The creative office space would work well for digitally-driven companies seeking a modern, creativity-inspiring space where employees can collaborate in distinct indoor/outdoor areas and where the company can make a statement about their brand. The residents of Indigo LIVE as well as numerous multi-family developments surrounding the site will naturally create high traffic for the retail tenants in the development.
Indigo CLT will mirror NoDa’s eclectic nature and maintain the industrial character of the building. Blending these two perspectives, Indigo CLT’s vision will incorporate abundant natural light and open floor plans with plenty of collaborative workspaces where users can easily engage. The design involves re-use of concrete, steel, wood, and glass that promotes creativity and collaboration. Artists may be invited to showcase their work either through exterior murals or interior 3D fixtures or paintings. The space will encourage inspiration while keeping tenants grounded alongside polished, modern design.
The property’s location is one of its greatest strengths. Adjacent to the LYNX Blue Line and the Sugar Creek Light Rail Station, the site is opportune for users to commute via the Light Rail between University of Charlotte, Uptown, South End, and beyond. The LYNX Light Rail Blue Line Extension has created a surge of developers jumping for a spot along the extension. To date, $500 million has been spent in new development along the extension. This surge of development near the site is proving the growth of the area is well in the works. Over 200 parking spaces will be provided on-site at Indigo CLT, allowing for an ample 3/1,000 parking ratio for office, retail and multi-family tenants. Additionally, Sugar Creek Station’s 632-space free parking deck allows for additional parking for the site. The site is approximately a 10 minute drive from both the 77 and 85 highway interchanges.
In addition to supreme accessibility, the development is in the NoDa neighborhood, Charlotte’s popular arts district, where once primarily industrial textile manufacturing companies and mill workers lived. In recent years, NoDa has seen a boom in multi-family development as millennials moving to Charlotte seek residence somewhere modern, convenient, and interesting. NoDa is known for attracting the eclectic, creative types with retailers like Johnny Fly Co., NoDa Company Store, Cabo Fish Taco, and Haberdish. The restaurants and art galleries support an entertainment focused area that has become one of the most sought after neighborhoods for retail and residential development as the area expands. Multiple events are held in the neighborhood throughout the year, promoting grassroots causes that attract creative, sustainability-conscious Charlotte residents. Indigo CLT will be a part of the movement to energize the area, offering a modern vision to the historic woodworking facility.
Indigo CLT’s estimated cold shell delivery to tenants’ upfits is late Spring 2020.
This project is in an OPPORTUNITY ZONE. Minimum investment $1,000,000. Minimum net worth $5,000,000. Project details available for qualified investors..