Skye (Charlotte)
Encyclopedia
Skye, formerly known as The Park, is a 22-story building under construction at Caldwell and Third Streets in Charlotte, North Carolina
that will include a 172-room Hyatt Place
hotel 67-unit condominium
development. Completion is slated for Summer 2012.
In 1985, developer Pete Verna built the Charlotte National Building and a parking garage designed to be the base of a skyscraper. Both structures were four stories; the Charlotte National Building included the facade
of the First Citizens Bank
building which was demolished for First Citizens Plaza
. Architect/preservationist Jack Boyte described the reconstructed facade as "classical Greek temple
architecture."
In 2000, downtown Charlotte's first luxury condominium development, The Park, was announced. The project was delayed by an uncertain economy after the September 11 attacks. Originally, Charlotte's second tallest residential building was to have 126 units, but the number changed to 105 units so they could be larger; sizes would range from 504 to 1859 square feet (172.7 m²). Four levels of parking already existed at the site; the fifth through ninth floors would be parking as well. Construction was set to begin in June 2004, with completion in Fall 2005. A rooftop park with a swimming pool was inspired by Fairmont Hotel in San Francisco.
In January 2006, after many delays, construction was ready to start on the $46 million project, with Verna & Associates as general contractor and 222 S. Caldwell St. Partnership, whose managing director was Pete Verna, as the developer. 80 of 107 units ranging from 1000 to 1800 square feet (167.2 m²) had been sold. Completion of The Park was set for December 2007. In March 2008, with Verna claiming the project was 80 percent finished, work slowed down and eventually stopped. On August 7, lender BB Syndication Services Inc. of Wisconsin
bought The Park for $17.9 million in a foreclosure
auction
. Verna himself eventually filed for Chapter 11 bankruptcy and the project was put on hold. A subsidiary of Small Brothers LLC of Naples, Florida
bought the building in 2009 for $4.5 million.
The new developers decided to add more hotel rooms due to the demand that will result from Charlotte hosting the 2012 Democratic National Convention
.
The ground floor will include 2600 square feet (241.5 m²) of retail space. A first-floor lobby will have "stone flooring and wall panels with wood accents and include imported marble and granite." Hotel guests will use a modernist
/art deco
tenth-floor lobby.
Perkins Eastman is the project architect. Cleveland Construction of Mentor, Ohio
will complete construction.
The name Skye was chosen because of the views from the planned rooftop restaurant.
Charlotte, North Carolina
Charlotte is the largest city in the U.S. state of North Carolina and the seat of Mecklenburg County. In 2010, Charlotte's population according to the US Census Bureau was 731,424, making it the 17th largest city in the United States based on population. The Charlotte metropolitan area had a 2009...
that will include a 172-room Hyatt Place
Hyatt
Hyatt Hotels Corporation , is an international operator of hotels.Hyatt Center is the headquarters for Hyatt corporation...
hotel 67-unit condominium
Condominium
A condominium, or condo, is the form of housing tenure and other real property where a specified part of a piece of real estate is individually owned while use of and access to common facilities in the piece such as hallways, heating system, elevators, exterior areas is executed under legal rights...
development. Completion is slated for Summer 2012.
In 1985, developer Pete Verna built the Charlotte National Building and a parking garage designed to be the base of a skyscraper. Both structures were four stories; the Charlotte National Building included the facade
Facade
A facade or façade is generally one exterior side of a building, usually, but not always, the front. The word comes from the French language, literally meaning "frontage" or "face"....
of the First Citizens Bank
First Citizens BancShares
First Citizens Bancshares, Incorporated is a bank holding company based in Raleigh, North Carolina. that operates two subisidiaries, First Citizens Bank and IronStone Bank...
building which was demolished for First Citizens Plaza
First Citizens Plaza
First Citizens Plaza is a tall skyscraper in Charlotte, North Carolina. It was completed in 1985 and has 23 floors.-References:*...
. Architect/preservationist Jack Boyte described the reconstructed facade as "classical Greek temple
architecture."
In 2000, downtown Charlotte's first luxury condominium development, The Park, was announced. The project was delayed by an uncertain economy after the September 11 attacks. Originally, Charlotte's second tallest residential building was to have 126 units, but the number changed to 105 units so they could be larger; sizes would range from 504 to 1859 square feet (172.7 m²). Four levels of parking already existed at the site; the fifth through ninth floors would be parking as well. Construction was set to begin in June 2004, with completion in Fall 2005. A rooftop park with a swimming pool was inspired by Fairmont Hotel in San Francisco.
In January 2006, after many delays, construction was ready to start on the $46 million project, with Verna & Associates as general contractor and 222 S. Caldwell St. Partnership, whose managing director was Pete Verna, as the developer. 80 of 107 units ranging from 1000 to 1800 square feet (167.2 m²) had been sold. Completion of The Park was set for December 2007. In March 2008, with Verna claiming the project was 80 percent finished, work slowed down and eventually stopped. On August 7, lender BB Syndication Services Inc. of Wisconsin
Wisconsin
Wisconsin is a U.S. state located in the north-central United States and is part of the Midwest. It is bordered by Minnesota to the west, Iowa to the southwest, Illinois to the south, Lake Michigan to the east, Michigan to the northeast, and Lake Superior to the north. Wisconsin's capital is...
bought The Park for $17.9 million in a foreclosure
Foreclosure
Foreclosure is the legal process by which a mortgage lender , or other lien holder, obtains a termination of a mortgage borrower 's equitable right of redemption, either by court order or by operation of law...
auction
Auction
An auction is a process of buying and selling goods or services by offering them up for bid, taking bids, and then selling the item to the highest bidder...
. Verna himself eventually filed for Chapter 11 bankruptcy and the project was put on hold. A subsidiary of Small Brothers LLC of Naples, Florida
Naples, Florida
Naples is a city in Collier County, Florida, United States. As of July 1, 2007, the U.S. Census Bureau estimated the city's population at 21,653. Naples is a principal city of the Naples–Marco Island Metropolitan Statistical Area, which had an estimated total population of 315,839 on July 1, 2007...
bought the building in 2009 for $4.5 million.
The new developers decided to add more hotel rooms due to the demand that will result from Charlotte hosting the 2012 Democratic National Convention
2012 Democratic National Convention
The United States 2012 Democratic National Convention, in which delegates of the Democratic Party will choose the party's nominees for President of the United States and Vice President of the United States in the 2012 national election, is scheduled to be held during the week of September 3,...
.
The ground floor will include 2600 square feet (241.5 m²) of retail space. A first-floor lobby will have "stone flooring and wall panels with wood accents and include imported marble and granite." Hotel guests will use a modernist
Modern architecture
Modern architecture is generally characterized by simplification of form and creation of ornament from the structure and theme of the building. It is a term applied to an overarching movement, with its exact definition and scope varying widely...
/art deco
Art Deco
Art deco , or deco, is an eclectic artistic and design style that began in Paris in the 1920s and flourished internationally throughout the 1930s, into the World War II era. The style influenced all areas of design, including architecture and interior design, industrial design, fashion and...
tenth-floor lobby.
Perkins Eastman is the project architect. Cleveland Construction of Mentor, Ohio
Mentor, Ohio
As of the census of 2000, there were 50,278 people, 18,797 households, and 14,229 families residing in the city. The population density was 1,878.2 people per square mile . There were 19,301 housing units at an average density of 721.0 per square mile...
will complete construction.
The name Skye was chosen because of the views from the planned rooftop restaurant.