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| North Carolina DOT engages Hines for Gateway Station project Hines, the international real estate firm, announced that it has been selected by the North Carolina Department of Transportation (NCDOT) as master developer for the Gateway Station complex in the heart of Charlotte's Uptown District. The Gateway Station project will be a multi-modal transit center that anchors transit-oriented and mixed-use development on approximately 20 acres of land in uptown Charlotte. The project will serve as a landmark for the city and central hub for Amtrak, Greyhound bus service, CATS bus and streetcar service, regional commuter rail and Mecklenburg County's greenway system, as well as aid in the redevelopment of the surrounding area. As master developer, Hines will work with a variety of stakeholders in order to begin the process of creating a master development plan for the area, which is expected to generate numerous opportunities for planners, engineers, architects, contractors, and other developers to become part of the project as it moves through planning, design and implementation. The multi-modal station's current estimated project cost of approximately $200 million could generate more than $1 billion in private investment. The project's timeframe will be determined as part of the master development plan. The complex will build upon the existing commercial, residential, cultural and educational institutions with the promise of strengthening the area to become one of Charlotte's most attractive commercial, entertainment, retail and residential destinations. This vibrant area could serve as a bridge to reconnect and reenergize some of the city's most diverse and historically significant communities and resources. Additionally, the site is adjacent to many of the city's major corporate, cultural and educational institutions and is anchored by Johnson and Wales University and Bank of America Stadium. The area enjoys linkage to the Uptown District, and is also linked to the neighborhoods of the Third and Fourth Wards. write your comments about the article :: © 2012 Construction News :: home page |