SITE

ADDRESS | ACREAGE
512 S Graham Street | ±4.28 acres

MINT STREET PARKING GARAGE
2,216 spaces, 29 ADA

MUNICIPALITY | PINS
City of Charlotte | 07312411A (Mecklenburg)

CURRENT USE
6-story parking garage

YEAR BUILT
1995

ZONING
UMUD - Uptown Mixed-Use District Allows:
Multifamily, Retail, Office, Hotel

HEIGHT MAXIMUM
None

MOST ACCESSIBLE LOCATION UPTOWN

UNMATCHED ACCESS
TO AMENITIES

3 INGRESS/EGRESS
OPTIONS

Many of the defining characteristics that make both Charlotte and the Mint Street Site appealing also apply to the parking garage. Parking spaces in Uptown Charlotte have declined by approximately 6,500 spaces from 2010 to 2020 to make way for new residential, retail, and commercial development. During this 10 year stretch, over 31 surface lots were taken out of service. New garages were constructed to accommodate these new developments, but most, if not all, provided the bare minimum parking required, leaving no overflow availability for the additional needs of the development nor for the displaced surface spaces.

The net overall supply of available parking for the average commuter has dramatically tightened, and it is slated to tighten further as additional surface lots are utilized for ground up developments. Such projects include the surface lot of the former Charlotte Observer building now Legacy Union; the former surface lot where 300 S Tryon stands; the former surface lot where the new Ally Charlotte Center is, and the surface lot where Ascent Uptown, the new luxury apartment building, stands.

THE PROPERTY PRESENTS A FOUR-PRONGED PARKING DEMAND GROWTH OPPORTUNITIES:

Net supply of available parking spaces in Uptown is declining;

Demand for parking is surging due to organic population growth and Uptown’s development pipeline;

Declining supply of parking spaces in Uptown will continue to increase demand paralleled with upward pressure on rates, especially for an asset like this with its superior access and central location characteristics, and

Continued growth in retail, hotel, conventions, sports, and entertainment activities in Uptown will continue to drive additional event parking requirements to reliable and centrally-located assets in Uptown.

LAND USE CASED STUDY
CONCEPTUAL RENDERING & INFO

NOTE: PROPERTY BOUNDARY BASED ON ALTA/ACSM LAND TITLE SURVEY PROVIDED

CREATED BY LANDDESIGN

UMUD ZONING

MINIMUM SET BACK (From back of curb): 16'

MINIMUM SIDE & REAR YARDS: None

GROUND FLOOR RETAIL: Any new building over 100K SF must devote 50% net first floor area to retail activities

MAX HEIGHT: None

URBAN OPEN SPACE: (1 SF/100 SF) ±2,080 SF
*Only applies to new office uses with a gross floor area greater than 20,000 SF

PARKING: Office greater than 20,000 SF
FLOOR AREA: Parking spaces /1,000 SF
UP TO 200K SF: 0.5/1,000 SF
200K TO 500K SF: 0.75/1,000 SF over 200K SF
500K to 800K SF: 1.0/1,000 SF over 500K SF
OVER 800K SF: 1.25/1,000 SF over 800K SF
Hotels: 0.5 spaces/room
Dwellings: 1.0 spaces/unit

LOADING:
Multifamily (1-24 units): None
Multifamily (25+ units): 1 space

Nonresidential uses with gross floor area:
Less than 50K SF: None
50K to150K SF: 1 space
Each additional 100K SF: 1 space

SITE DATA
Office: 500,500 GSF
25,000 GSF floorplate varies with level
30 total levels (Lobby-Service-Retail, 2-10 parking, 11-30 office)

REQUIRED PARKING
Floor area parking spaces per 1,000 SF
Up to 200K SF - 0.5 for each 1,000 SF
200K to 500K SF - 0.75 for each 1,000 SF over 200K SF
500K to 800K SF - 1.0 for each 1,000 SF over 500K SF
Over 800K SF - 1.25 for each 1,000 SF over 800K SF

1.2/1,000 parking ratio provided

RETAIL
First floor retail required. In order to stimulate pedestrian activity at the street level, the first floor (street level) of any new building over 100,000 SF must devote a minimum of 50% of the net first floor area to retail activities.
Fifty percent of the square footage of a hotel lobby may be counted towards the required retail space.
Net floor area does not include stairways, elevator shafts, elevator lobbies, restrooms, mechanical areas, security areas, or service areas.
10,000 SF provided plus other street level spaces that can count towards required SF

11,000 SF retail provided

Urban open space requirements vary with actual program. (i.e. residential is different than office)

500 SF urban green space - required 1 SF per 100 SF of site area. Site is approximately 50,000 SF
1,500 SF urban green space provided
30% of open space can be located on an enclosed ground floor level

Setbacks:
Are measured from back of curb, but buildings may not cross right of property lines
No rear of side set backs, just from street

CREATED BY LS3P

VIEW MASSING DIAGRAMS

LOCATION

WHY CHARLOTTE