A new office building is planned for a site directly across from the Interstate 77 exit ramp onto Morehead Street.

Charlotte-based Insite Properties is developing a five-story office project, The Refinery at 1213 West Morehead, in a fully-funded joint venture with Northridge Capital LLC. The Refinery will deliver 105,000 square feet of office space in the fall of 2018.

Insite Properties attributed several factors in its decision to develop an office property at the West Morehead site — limited supply and strong tenant demand for “brand-new, unique” office product; the site’s location within a work-live-play neighborhood near uptown; “dynamic” growth of residential and retail services in the neighborhood; and views of uptown with frontage on Interstate 77.