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expected to be completed within a year. In order to restart work MCL Cos reached a deal to borrow $ 4 million from R.J. Griffin & Co. Also, MCL reached a new lending agreement using international investors including Cairn
Financial Products Limited and Goldman Sachs International. This agreement extended the load until February 2011. MCL defaulted on the two loans totaling $ 194.8 million on February 22, 2011. The property was auctioned off on June 12, 2011. It was purchased by Northwood Investors for $ 100 million.
253:. Some contain private balconies, gourmet kitchens, spa inspired bathrooms, and floor to ceiling glass. The VUE features a 35,000 sq ft (3,300 m) amenity deck with a heated Jr. Olympic-sized pool, tennis–sport court, pet park, and landscaped courtyard with outdoor kitchen. Other amenities include a 24-hour full service concierge, business center, and 50th floor SKY Lounge. The name "VUE" is an acronym for "Vertical Urban Experience".
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would not have covered the loans. In June 2012 Northwood Ravin announced that the 391 unsold condos would be converted into apartments. The apartments range in size from studios to three-bedroom penthouses. The initial rent range was $ 1,300 to $ 5,000. When the conversion was announced
Northwood Ravin received a lot of interest in viewing the property.
288:
The VUE was originally developed by three developers MCL Cos. of
Chicago, Churchill Development Group of Orlando, and Westminster Partners of Lake Forest, Ill. However, in September 2007 MCL purchased the sole rights to the project during the building's construction. It broke ground at the 1.5-acre
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At the time of foreclosure only 19 units had been closed on. At one time 167 units were under contract for a total value of $ 82.55 million. However, this amount still would not have covered the loan. At a 25% discounted price the sale of all units would have grossed $ 187.79 million, which still
292:
Work temporarily stopped on the project on
September 1, 2009, due to a legal dispute between R.J. Griffin & Co., the general contractor, and MCL Cos. because of the developer's failure to pay invoices. Work resumed on October 5, 2009. At the time that half of the condos were under contract and
300:
Northwood Ravin spent $ 20 million converting the building into a luxury apartment tower. The changes to the building included reworking the Pine Street entrance, adding two outdoor kitchens, and adding dining areas to the eighth floor deck. The most notably addition was the 3,800 square-foot
246:. It was completed in 2010 and has 51 stories. A luxury apartment tower, the VUE is the tallest residential building in the state. The leasing center for The Vue is located at the corner of 5th Street and W. Pine.
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SkyLounge bar on the 50th floor. The bar is only open to residents and their guests. Some of its features include a piano bar, game room, four televisions, and a wireless business center.
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site in June 2007. It was originally composed of 403 condos with studios starting at $ 200,000 and penthouses up to $ 4 million.
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412:"The Vue - Charlotte | Charlotte, NC Residential Tower Design Build Construction Example"
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280:, Blumenthal Performing Arts Center, museum row and many restaurants and bars.
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Single-use residential in Corner of and Pine
Streets in the Fourth Ward
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552:"The Vue Charlotte among top apartment and condo developments"
496:"The Vue tower is headed for June 12 foreclosure auction"
831:
Residential skyscrapers in
Charlotte, North Carolina
580:"Sky Lounge bar opens at uptown Charlotte's The Vue"
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neighborhood. Neighboring sites of interest include
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249:With 402 units, residences range from studios to
64:Corner of 5th and Pine Streets in the Fourth Ward
242:is a 576-foot (176 m) tall skyscraper in
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358:Council on Tall Buildings and Urban Habitat
331:List of tallest buildings in North Carolina
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169:51 (no 13th floor; top floor will be 51st)
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380:"Griffin: Vue owner 2 months late paying"
846:Skyscrapers in Charlotte, North Carolina
836:Residential buildings completed in 2010
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810:List of tallest buildings in Charlotte
311:List of tallest buildings in Charlotte
841:2010 establishments in North Carolina
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435:Fuchs, Roberta (24 September 2007).
256:The VUE is located in the historic
550:Morris, Robert (31 October 2014).
524:"The Vue converting to apartments"
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719:Bank of America Corporate Center
378:Singe, Kerry Hall (2009-09-01).
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759:Lowe's Global Technology Center
217:(formerly RJ Griffin & Co.)
494:Stabley, Susan (12 May 2012).
437:"McLean takes over at The Vue"
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578:Wilson, Jen (12 April 2012).
215:J. E. Dunn Construction Group
464:"Work to restart at The Vue"
522:Boye, Will (29 June 2012).
190:Lamar Johnson Collaborative
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585:Charlotte Business Journal
557:Charlotte Business Journal
529:Charlotte Business Journal
501:Charlotte Business Journal
469:Charlotte Business Journal
442:Charlotte Business Journal
244:Charlotte, North Carolina
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779:Three Wells Fargo Center
674:1 Bank of America Center
266:Bank of America Stadium
182:Design and construction
92:35.231000°N 80.844806°W
789:Two Wells Fargo Center
774:One Wells Fargo Center
769:One South at The Plaza
385:The Charlotte Observer
56:Single-use residential
724:Bank of America Tower
704:Ally Charlotte Center
156:576 feet (176 m)
97:35.231000; -80.844806
228:www.vuecharlotte.com
108:Construction started
274:Romare Bearden Park
206:Fisher and Partners
203:Structural engineer
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40:General information
754:Fifth Third Center
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744:Duke Energy Plaza
270:BB&T Ballpark
240:The VUE Charlotte
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161:Technical details
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610:Official site
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127:$ 275 million
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764:Museum Tower
591:27 September
589:. Retrieved
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535:26 September
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476:26 September
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446:. Retrieved
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394:. Retrieved
390:the original
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260:residential
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187:Architect(s)
83:80°50′41.3″W
80:35°13′51.6″N
656:Skyscrapers
363:28 November
258:Fourth Ward
166:Floor count
95: /
70:Coordinates
825:Categories
620:Video Tour
421:2021-10-26
396:2009-10-22
337:References
251:penthouses
140:Management
749:The Ellis
660:Charlotte
354:"The Vue"
326:TradeMark
321:Charlotte
195:Developer
119:Fall 2010
48:Completed
803:See also
734:Catalyst
305:See also
61:Location
794:The Vue
667:Current
615:Emporis
410:Jodie.
284:History
236:The VUE
222:Website
116:Opening
22:The Vue
714:Avenue
416:Clayco
148:Height
45:Status
132:Owner
593:2022
565:2022
537:2022
509:2022
478:2022
450:2022
365:2022
153:Roof
124:Cost
111:2007
53:Type
658:in
238:or
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177:4
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