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Author Archives: Payton Guion, staff writer

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Developing news: Commercial projects likely to increase (access required)

Retail follows rooftops. It’s the old real estate adage explaining how commercial development responds to residential development. So the recent growth in homebuilding and homebuying in the Charlotte market – which is expected to continue into 2014 – will likely be accompanied by increased commercial development over the next two years, even if developers are still cautious about the overall economy.

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Three N.C. organizations receive manufacturing grants from Department of Commerce (access required)

U.S. Secretary of Commerce Penny Pritzker revealed Thursday the winners of nearly $7 million in federal grant money, and three in-state organizations were selected to receive the money: the Charlotte-based Centralina Council of Governments, the Greensboro-based Piedmont Triad Partnership and the Morganton-based Burke Partnership for Economic Development, according to a release from the U.S. Department of Commerce.

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Charlotte one of three areas in N.C. to gain construction jobs since August 2012 (access required)

The Charlotte metropolitan area, including Gastonia and Rock Hill, S.C., was one of only three regions of 12 in the state to gain construction jobs in August 2013 over the same month last year, according to a report by the Associated General Contractors of America.

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Apartment developers: Renting growing as ownership declines (access required)

Apartment developers: Renting growing as ownership declines <span class="dmcss_key_icon"><img alt="(access required)" src="/files/2013/10/lock1.png" border=0/></span>

Whether it’s Class A apartments, value-added properties or workforce housing, the Queen City’s apartment market is expected to remain strong in the foreseeable future. Five apartment industry leaders said so on a panel Tuesday morning at Bisnow’s third annual Multifamily Summit held in a ballroom at the Omni Hotel in uptown Charlotte.

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Charlotte City Council Sept. 23 (access required)

The City Council on Monday took care of two business items that have stirred controversy over the past several months, among other issues. Council members were obligated to select four members to the newly formed but they yet-to-be empowered Charlotte Douglas International Airport advisory commission, and did so at Monday’s meeting. The Carolina Panthers also got a boost Monday night – following the team’s Sunday afternoon rout of the New York Giants – when council members voted to approve spending $28 million in public funds to help pay for renovations at Bank of America Stadium.

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Three N.C. organizations receive manufacturing grants from Department of Commerce (access required)

U.S. Secretary of Commerce Penny Pritzker revealed Thursday the winners of nearly $7 million in federal grant money, and three in-state organizations were selected to receive the money: the Charlotte-based Centralina Council of Governments, the Greensboro-based Piedmont Triad Partnership and the Morganton-based Burke Partnership for Economic Development, according to a release from the U.S. Department of Commerce.

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Crescent Communities starting work on Tennessee project (access required)

Crescent Communities, the Charlotte-based commercial development firm, has broken ground on Crescent Cool Springs, a $42 million, 252-unit multifamily project at Carothers and Resource parkways, just off Interstate 65.

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