Rezoning from U-2 to UMUD Approved for 30-Story Mixed-Use Tower with 400 Residential Units and 100,000 SF Retail/Office

• When: 2025/10/20
• Address: 274 S Tryon St
• City: Charlotte
• State: NC
• Category: Spot Rezoning
• Subcategory: Mixed-Use Rezoning
• Asset Class: Mixed-Use
• Property Type: High-Rise
• Size (SF): 100,000 SF
• Size (AC): 1.5 AC
• Size (Units): 400 Units
• Size (Dollars): $350,000,000
• New Zoning: UMUD
• New Zoning Description: Designed to accommodate intense mixed-use development, including residential, commercial, and office uses, with greater flexibility in design and increased density potential compared to U-2.
• Previous Zoning: U-2
• Previous Zoning Description: Allows for high-density, mixed-use development with specific height and intensity limitations, typically found in core commercial areas.

The Charlotte City Council approved Rezoning Petition 2024-113 on October 20, 2024. The petition, submitted by Lincoln Harris, sought to rezone a 1.5-acre parcel at 274 S Tryon St from U-2 to UMUD. The approved plan involves the construction of a 30-story mixed-use tower. This development will feature up to 400 residential units, significantly increasing housing density in the Uptown area. Additionally, the project includes 100,000 square feet dedicated to ground-floor retail and office space, enhancing commercial vibrancy. The site currently serves as a surface parking lot, and its redevelopment is consistent with the city's goals for urban revitalization and increased mixed-use development in the central business district. The decision reflects the council's commitment to fostering dense, walkable environments and addressing housing supply needs.

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