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Hines Tapped By North Carolina For $200M Gateway Station

Transit Center Will Anchor 20-Acre Project That Will Help Refine Uptown Charlotte
November 13, 2012
The North Carolina Department of Transportation (NCDOT) has selected Hines as master developer for the Gateway Station complex in Charlotte’s Uptown District.

Gateway Station, a multi-modal transit center, will anchor transit-oriented and mixed-use development on 20 acres in uptown Charlotte. The landmark project will serve as a central hub for Amtrak, Greyhound bus service, CATS bus and streetcar service, regional commuter rail and Mecklenburg County’s greenway system.

Hines will work with a variety of stakeholders to begin the process of creating a master development plan for the area which will involves the efforts of numerous planners, engineers, architects, contractors, and other developers who will become part of the project as it moves through planning, design and implementation.

The station’s current estimated $200 million project cost could generate more than $1 billion in private investment. The project’s timeframe will be determined as part of the master development plan.

The goal of the p[project is to become one of Charlotte’s most attractive commercial, entertainment, retail and residential destinations serving as a bridge to reconnect and reenergize some of the city’s most diverse and historically significant communities and resources.

The site is near many of the city’s major corporate, cultural and educational institutions and is anchored by Johnson and Wales University and Bank of America Stadium and has links to the Uptown District, and the Third and Fourth Wards neighborhoods.

"This is an opportunity to create a game changer for Charlotte and North Carolina. With more than 20 acres in the center of this world-class city, this catalytic project will benefit local and state economies," said Hines Senior Managing Director Kurt Hartman, who will lead the project.

Hines is a privately owned global real estate firm involved in the development, management, ownership or operation of 1,208 properties representing more than 488 million square feet of office, residential, mixed-use, industrial, hotel, medical and sports facilities, as well as large, master-planned communities and land developments.

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