A dynamic new downtown office tower is coming to Greensboro in an unexpected spot overlooking First National Bank Field.
Leadership of Gemcap Cos. and Carolina Investment Properties will develop a nine-story tower on four-tenths of an acre next to the home of the Greensboro Grasshoppers at the corner of Eugene and Bellemeade streets in a “50-50 joint partnership.” The developers are acquiring the land from the Grasshoppers for an undisclosed price.
Construction on the $23.95 million project will begin immediately after the end of the Greensboro Grasshoppers season — the final regular-season home game is Aug. 31 — with completion scheduled for fall 2018.
Tuggle Duggins law firm has committed to a “long-term” lease to occupy the top two floors and approximately half of the seventh floor.
Landmark Builders will be the general contractor. Two architectural firms, Moser Mayer Phoenix of Greensboro and West & Stem of Winston-Salem, have collaborated on the design of the 111,869-square-foot, brick and glass building.
The building will have about 65,000 square feet available for lease on the first through sixth floors. The second floor will include a 1,200-square-foot multipurpose room with a balcony overlooking the first-base side of the baseball field.
The developers said their plans call for some type of “sandwich and coffee shop” and a “non-traditional retailer” to occupy space in the ground floor, which will be tapered to accommodate a covered, outdoor gathering area and to meld with an enhanced entrance into the ballpark.
Features, which will include a brick masonry facade, arched openings and a sloped roof, are intended to complement the stadium design. The building will have balconies for tenant use.
The building, the tallest office tower built in downtown Greensboro since the Lincoln Financial Building was built in 1990, will add to a neighborhood that should soon be a hub for activity.
-John Brasier, Triad Business Journal