Let’s get this straight: On the Level is not bald. The mugshot might make it look that way. But OtL shaves.
The plan goes like this: Let another homebuilding/development company do the local-government legwork, buy the property pre-entitled. Then, as another homebuilder/developer, put in the infrastructure, develop the lots and build the houses yourself.
CHARLOTTE – A $30.15 million loan on a property in Concord leads the list of distressed commercial real estate loans in the Charlotte market. According to the May monthly report from Trepp, a national commercial real estate lending and bank analytics firm, the Wal-Mart-anchored Concord Commons shopping center, is the most “seriously delinquent” commercial mortgage-backed [...]
It is a not exactly a fixer-upper, but not fully made over, either: a vinyl-sided bungalow – not large, not small – around 1,800 square feet. But it is in just the right spot – on the Dilworth side of Freedom Park – and went on the market at just the right time.
One of the nation’s leading experts on the economics of land use will make his second visit to the Charlotte area this week to lead a free and open-to-the-public discussion about the “true costs and benefits of development choices” for Matthews, according to an announcement by the town.
CHARLOTTE — Sales of new and existing homes in the Charlotte metro real estate market skyrocketed in May, up 30.6 percent over the same month last year, and prices rose for the 18th straight month. So says an upbeat monthly Charlotte Regional Realtor Association report released Friday morning that also says the supply of for-sale [...]
Four developers with big ideas might have the Knowledge. Five others with their own smaller ideas for the long-planned, multi-million dollar Knowledge Park mixed-use development might end up working alongside one of the big boys.
Over the past quarter-century, Jim Burbank has built a lot of houses, in Charlotte, Raleigh and the Charleston area. Along with them, he also has built a reputation for solid and not overly adorned quality homes as contractors used to build, with solid wood, two-panel interior doors, simple but beautiful moldings and classic layouts opened up to accommodate contemporary tastes.
Reflexive thought: Geez, those demo guys sure make a mess. But they also clean it up, and they even increase their profits by sifting through the rubble and salvaging, reclaiming, recycling and reusing. By saving and selling as much of what they tear down as possible, they can keep their prices lower.
General contractors take pride in what they erect, plumbers in the pipes they sweat. Electrical contractors love to run wire and HVAC guys work for hire. Roofers roof and masons mortar while cabinet makers pull their drawers.