Ceremony Commemorates the Newly-Redeveloped 140,000 SF Creative Office Property and Unveiling of Vintage U.S. Army Gama Goat Truck
(Photo credit: Leandra Creative Co)
ATCO Properties & Management Development Director Tommy Mann was joined on Wednesday, June 24th by Charlotte Mayor Vi Lyles and Assistant City Manager of Economic Development Tracy Dodson to celebrate the grand opening of the Gama Goat Building, a 140,000 square-foot creative office property located at 1701 North Graham Street, part of the one million square-foot Camp North End development in the city’s North End Smart District. ATCO worked in partnership on the project with national real estate investment company Shorenstein Properties LLC.
The outdoor, open-air program celebrated the completion of the property’s year-long redevelopment process as well the official opening of three of its four food stalls, including Raydal Hospitality’s La Caseta, farm-to-table favorite Bleu Barn Bistro, and Nagahama-style noodle shop Saru by Bow Ramen. All attendees were required to wear a mask, and the program featured sanitizer stations, signage, and furniture arranged to maximize social distancing in accordance with North Carolina’s phased re-opening requirements.
At the conclusion of the event,project officials unveiled an original U.S. Army Gama Goat vehicle at the property, paying homage to the building’s history as a place where these military trucks were assembled during the late 1960s.
“This is an exciting day in the life of our project and in the City of Charlotte,” Mann said. “When we first set out to redevelop this historic site back in 2017, we knew the delivery of our first major Class A office building would be a significant milestone in realizing the long-term plan to bring economic opportunity, food, hospitality, entertainment, and recreation to the North End community. Today represents an important step forward in making that vision a reality, and we will continue to deliver on our promise to build a dynamic future for this iconic site.”
“Redeveloping projects that create a positive impact at both the property and community level is a great source of pride for us at Shorenstein,” said Matt Knisely, Managing Director overseeing Shorenstein’s Investment Group East. “We are confident that the Gama Goat Building will be a highly sought-after destination for office space in Charlotte. For Shorenstein, this project aligns with our strategy to invest in markets that attract high-quality employers and employees while also building on our growing footprint in this great city. ”
“In Camp North End, ATCO has created a public space that draws in neighbors, families and businesses with events, small businesses, walking paths, and abundant public art,” said Mayor Vi Lyles. “We are seeing the results of a carefully thought out and well-planned North End Smart District that now includes diverse food vendors in an outdoor setting. We couldn’t be more pleased to be partners in this redevelopment.”
With the Gama Goat Building, ATCO and Shorenstein, along with design architect S9 Architecture, local production architect BB+M Architecture and civil engineer/landscape architect LandDesign, have transformed the existing industrial structure into a thriving, mixed-use destination. The property features passageways that cut through the building to connect with cross-streets in the neighborhood, creating new east-west connectivity within the site and the broader North End corridor.
A Cushman & Wakefield team led by Jessica Brown, David Dorsch, Kris Westmoreland and Grant Keyes are the exclusive office leasing brokers for the Gama Goat Building. The building’s office spaces – which range from 40,000 to 60,000 square feet of class A office space – feature soaring ceilings, clearstory windows, steel beams, wooden trusses and exposed brick.
Approximately 3,000square feet of retail space is currently available for lease at the property, and only one food stall space remains available on Keswick Avenue. In addition to the food stalls opening today, the Gama Goat building is currently home to boutique fitness concept, bloc, which relocated from Dilworth to the property earlier this year.
The Gama Goat Building is one of several buildings that ATCO and Shorenstein are adaptively reusing at Camp North End. Other projects include 301 Camp Road and 1701 N Graham, both complete, 201 Camp Road, and the Ford building.
Camp North End is also leading the way in terms of healthy building design. Earlier this year, the development received Fitwel Community Certification from the Center for Active Design (CfAD), a national building standard that focuses on optimizing holistic health benefits in neighborhood-scale projects.
For photos from the ceremony, please view link here: https://picti.net/Y87Uc (Photo credit goes to Leandra Creative Co)
About Camp North End
Camp North End is a state-of-the art creative development that is being designed and curated to cater to today’s most innovative and cutting-edge companies in Charlotte’s up-and-coming North End Smart District.
As one of the largest adaptive reuse projects currently underway in the U.S., the project is transforming a historic 75-acre site where people once manufactured Model T cars and assembled Hercules missiles into a catalytic hub of creativity and ideas.
With over 300,000 square feet of space already redeveloped for work, artistic expression, dining and hospitality, entertainment, recreation and community building, and another 1.5 million square feet on the way, Camp North End's curated development will drive growth at the businesses that join its community.
For more information about Camp North End, visit the official Camp North End website at https://camp.nc/ or follow along on Facebook, Instagram and Twitter at @campnorthend.”
About ATCO
ATCO is a real estate investment and ownership platform deploying capital in select cities across the United States, with a particular emphasis on creating value through placemaking and other strategies in urban locations. ATCO seeks to improve people’s lives by creating places where they genuinely want to work, play, or live, and by doing our work with a long-term perspective.
Through eight decades and four generations, ATCO has owned, managed, and developed a diverse real estate portfolio, primarily in and around New York City and also in select markets we target. ATCO presently owns and manages more than 25 buildings ranging from high-rise office and residential towers to retail properties, from one-story industrial structures to a mixed-use former military base. The portfolio of New York City properties includes: 555 Fifth Avenue, 40 Central Park South, 41 West 58th Street, 630 Third Avenue, 381 and 373 Park Avenue South, 515 Madison Avenue and the Atlas Terminals. Nationally, the company owns properties in Charlotte and Chapel Hill, NC; Austin, Texas; Indianapolis, Indiana; Darien, Stamford and Westport, Connecticut. Internationally, ATCO has investments in seven European countries.
About Shorenstein Properties LLC
Founded in 1924, Shorenstein Properties LLC is a privately-owned, real estate firm that owns and operates high-quality office, residential and mixed-use properties across the U.S., with offices in San Francisco and New York. Since 1992, Shorenstein has sponsored twelve closed-end investment funds with total equity commitments of $8.8 billion, of which Shorenstein committed $723.5 million. The firm uses its integrated investment and operating capabilities to take advantage of opportunities that, at the particular time in the investment cycle, offer the most attractive returns. Investments have included ground-up developments, asset repositioning and stabilized assets; investment structures have included asset acquisitions, mezzanine loans, preferred equity investments and structured joint ventures. These funds have invested in properties totaling 67 million square feet in transactions with a gross investment value in excess of $16 billion.
