headquarters in Uptown Bank of America Truist Financial Wells Fargo East Coast operations Duke Energy Barings Honeywell Dole Food Company NASCAR Atlantic Coast Conference Passport AvidxChange Companies with large corporate presence in Uptown U.S. Bank Ally Financial FNB Corporation Deloitte The Bank of London Hotels Uptown currently has 6,404 existing hotel rooms with 859 rooms planned. The hotels planned or under construction include the Intercontinental Hotel at Belk Place with 257 rooms, Brooklyn Village with 280 rooms, Homewood Suites Uptown with 213 rooms, Moxy Hotel with 208, and Element Stonewall Station with 181 rooms. Uptown needs more hotel rooms within walking distance from the Convention Center to attract more world class events. Charlotte's current hotel rooms count is fewer than it's competitors for conventions. Austin: 13,629 Baltimore: 8,766 Indianapolis: 8,487 Louisville: 9,408 Nashville: 20,108 Tampa: 14,104 One step the city is taking to change this a land swap with developer Millennium Venture Capital. The city will give MVC 1.9 acres of its property at 501 S. Caldwell St. in exchanged for 0.7 acres at 401 S College, which is located next to the Charlotte Convention Center. MVC closed on this 2.3 acre lot on December 16, 2022. The land will ideally be used for a convention center hotel which is 800 to 1,000. However, the city is unwilling to offer any public inventive for the hotel. Construction boom Due to the Great Recession's effect on Charlotte construction in Uptown was at a virtual stand still between 2010 and 2014. The ground breaking of 300 South Tryon began a building boom in Uptown. Between 2000 and 2010 6 million square feet of office space was added to Uptown. In 2019 6.9 million square feet of office space was under construction or planned, 8,458 housing units were under construction or planned, 2,310 hotel rooms were under construction or planned, 948,167 square feet of retail was under construction or planned. This pipeline includes a number of projects such as the Duke Energy Plaza, Seventh and Tryon which is part of the North Tryon Vision project, 10 Tryon, Ally Charlotte Center, JW Marriott Charlotte, FNB Tower, 650 S. Tryon, The Ellis, 500 W. Trade. Unfortunately three hotels have stalled due to the COVID-19 pandemic they are the Moxy Hotel, Intercontinental Hotel at Belk Place, and the Hotel at The Ellis. Companies consolidating real estate has been a major factor in new commercial construction. Three