The Vue
Encyclopedia
The Vue or The Vue Charlotte is a 677 feet (206 m) tall skyscraper in Charlotte, North Carolina
. It was completed in 2010 and has 50 stories. The sales center for The Vue is located on the bottom floor of 101 Independence Center at the corner of Trade and Tryon
streets.
The Vue is one of the tallest residential buildings in the state and the Southeast. Residences range from studios to penthouses, all with floor to ceiling glass and private balconies. The Vue will feature a 35000 sq ft (3,251.6 m²) amenity deck with a heated Jr. Olympic-sized pool, tennis–sport court, pet park, and landscaped courtyard with fire pits. Other amenities include a 24-hour doorman, concierge, business center, and recreation lounge. State of the art technology includes biometric fingerprint access and Wi-Fi
throughout the building.
The Vue is located in the historic Fourth Ward residential Uptown Charlotte neighborhood. Several local buildings are on the National Historic Registry
. Other major projects under construction in Fourth Ward include a condominium–concert venue complex called the North Carolina Music Factory and the proposed Citadin.
The developer of The Vue, MCL Companies, has 30 years experience building luxury communities in Chicago
, Boston
, New York City
, Miami and Las Vegas
. Current projects also include the Four Seasons in Denver.
MCL Cos. of Chicago took over the project in summer 2007, at which time the Mecklenburg County
Register of Deeds office said the company received a $195 million construction loan.
On September 1, 2009, general contractor R. J. Griffin & Co. said it had not been paid since June 30. The building was about six stories short of topping out
.
Construction was put on hold as lenders worried about the decline in real estate sales. Griffin announced in early October that after five weeks, work would begin again. Dan McLean, CEO of MCL, said that after renegotiation with lenders, The Vue would have until the end of 2012 to sell all of the 409 units. About half were already sold as of October 2009.
Unlike other condo developers, McLean said The Vue would not rent. He also said sales would likely rebound in 2011. Michael Smith of Charlotte Center City Partners believed that demand would increase after the economic slowdown caused a decline in the number of new projects.
On September 16, 2010, the first resident closed
on a unit, and other residents were able to start moving in the following weekend. Dan McLean of MCL said late in October that 55 to 60 percent of units had sold, a figure disputed by court documents. However, because of lower appraisal prices, some buyers may not be able to get financing and could end up backing out of deals made as long as four years earlier.
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...
. It was completed in 2010 and has 50 stories. The sales center for The Vue is located on the bottom floor of 101 Independence Center at the corner of Trade and Tryon
Trade and Tryon
The intersection of Trade and Tryon streets is the crossroads of Uptown Charlotte, North Carolina; it marks the city center and divides the city's first four wards. Locally referred to as simply The Square, this originated as the crossroads for a pair of native American trails. From this location,...
streets.
The Vue is one of the tallest residential buildings in the state and the Southeast. Residences range from studios to penthouses, all with floor to ceiling glass and private balconies. The Vue will feature a 35000 sq ft (3,251.6 m²) amenity deck with a heated Jr. Olympic-sized pool, tennis–sport court, pet park, and landscaped courtyard with fire pits. Other amenities include a 24-hour doorman, concierge, business center, and recreation lounge. State of the art technology includes biometric fingerprint access and Wi-Fi
Wi-Fi
Wi-Fi or Wifi, is a mechanism for wirelessly connecting electronic devices. A device enabled with Wi-Fi, such as a personal computer, video game console, smartphone, or digital audio player, can connect to the Internet via a wireless network access point. An access point has a range of about 20...
throughout the building.
The Vue is located in the historic Fourth Ward residential Uptown Charlotte neighborhood. Several local buildings are on the National Historic Registry
National Register of Historic Places
The National Register of Historic Places is the United States government's official list of districts, sites, buildings, structures, and objects deemed worthy of preservation...
. Other major projects under construction in Fourth Ward include a condominium–concert venue complex called the North Carolina Music Factory and the proposed Citadin.
The developer of The Vue, MCL Companies, has 30 years experience building luxury communities in Chicago
Chicago
Chicago is the largest city in the US state of Illinois. With nearly 2.7 million residents, it is the most populous city in the Midwestern United States and the third most populous in the US, after New York City and Los Angeles...
, Boston
Boston
Boston is the capital of and largest city in Massachusetts, and is one of the oldest cities in the United States. The largest city in New England, Boston is regarded as the unofficial "Capital of New England" for its economic and cultural impact on the entire New England region. The city proper had...
, New York City
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
, Miami and Las Vegas
Las Vegas, Nevada
Las Vegas is the most populous city in the U.S. state of Nevada and is also the county seat of Clark County, Nevada. Las Vegas is an internationally renowned major resort city for gambling, shopping, and fine dining. The city bills itself as The Entertainment Capital of the World, and is famous...
. Current projects also include the Four Seasons in Denver.
History
Mecklenburg County
Mecklenburg County is the name of two counties in the United States:* Mecklenburg County, North Carolina* Mecklenburg County, Virginia...
Register of Deeds office said the company received a $195 million construction loan.
On September 1, 2009, general contractor R. J. Griffin & Co. said it had not been paid since June 30. The building was about six stories short of topping out
Topping out
In building construction, topping out is a ceremony held when the last beam is placed at the top of a building. The term may also refer to the overall completion of the building's structure, or an intermediate point, such as when the roof is dried in...
.
Construction was put on hold as lenders worried about the decline in real estate sales. Griffin announced in early October that after five weeks, work would begin again. Dan McLean, CEO of MCL, said that after renegotiation with lenders, The Vue would have until the end of 2012 to sell all of the 409 units. About half were already sold as of October 2009.
Unlike other condo developers, McLean said The Vue would not rent. He also said sales would likely rebound in 2011. Michael Smith of Charlotte Center City Partners believed that demand would increase after the economic slowdown caused a decline in the number of new projects.
On September 16, 2010, the first resident closed
Closing (real estate)
Closing is the final step in executing a real estate transaction.The closing date is set during the negotiation phase, and is usually several weeks after the offer is formally accepted. On the closing date, the parties consummate the purchase contract, and ownership of the property is transferred...
on a unit, and other residents were able to start moving in the following weekend. Dan McLean of MCL said late in October that 55 to 60 percent of units had sold, a figure disputed by court documents. However, because of lower appraisal prices, some buyers may not be able to get financing and could end up backing out of deals made as long as four years earlier.
See also
- List of tallest buildings in Charlotte
- Uptown Charlotte
- CharlotteCharlotte, North CarolinaCharlotte 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...
- TradeMarkTradeMarkTradeMark is a tall, primarily residential, skyscraper in Charlotte, North Carolina. It was completed in 2007 and has 28 floors and 200 residential units...
- NC Music Factory