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301 South Tryon aims to bring energy back to the plaza; will become a mixed-use block under new ownership
A conceptual look at how Two Wells Fargo Center in uptown may be reimagined. (Image courtesy of SDX Studios)
Anthony Scacco has been looking at the Two Wells Fargo Center block in uptown for years now.
“The interest is, candidly, very similar to why we were interested in the Queensbridge site,” said Scacco, president at Riverside Investment & Development, in an interview with The Ledger on Friday. “It’s not often that you get scale and a very obvious opportunity to deliver a mix of uses in a live-work-play, 18-hour environment.
“That’s exactly what we see at 301 South Tryon,” he continued.
Riverside Investment & Development and Singerman Real Estate, both Chicago-based commercial real estate firms, yesterday paid $36.5M for the 3.4-acre block bounded by South Tryon Street, East MLK Jr. Boulevard, East Third Street and South College Street.
It’s one of the few South Tryon addresses that seemed ripe for a redevelopment — and having the ability to control a whole city block in uptown these days is practically unheard of.
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