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Author Archives: Tony Brown, Staff Writer

Subdivision approved after developer changes proposal (access required)

A proposed 440-home residential development that was vehemently opposed by residents of two counties became a proposed 338-home residential development that was endorsed by those same residents on Wednesday night. And after protest petitions were withdrawn that would have required a supermajority vote, the Kannapolis City Council voted unanimously to approve the River Pointe at Davidson development.

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Betting on the northeast I-485 spread: Priester announces second development, this one at Albemarle Road exit (access required)

Beaver Farms

Retail developer Jay Priester is betting again on future development near Interstate 485. Priester on Wednesday announced that his Cambridge Properties Inc. is developing a 17-acre site on vacant, unincorporated land east of the Albemarle Road exit of I-485, just past the Mint Hill town limits, and a half-mile from the future site of a Novant Health Presbyterian Medical Center campus expected in 2018.

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Staking the ground: Toll Brothers and Ryland increase market share; Meritage moves in (access required)

Toll Brothers has taken over the Bromley Estates subdivision in Weddington. Photo by Nell Redmond

Goldman Sachs, the global investment banking firm, put out a report naming Charlotte and Jacksonville, Fla., as the two hottest new housing markets in the country, based on population growth, cheap land and economic fundamentals. And in the post-recession, still-recovering era, Goldman picked three national production homebuilders as good stock investments, predicting they would grow in value by as much as 24 percent this year. Two of them have been charging into the Charlotte market in major ways since the market bottomed out in 2010: Toll Brothers Ryland Group.

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NEWS ANALYSIS: Attorney warns that based on recent ruling, N.C. homeowners unlikely to get money (access required)

house.justice

A recent, and murky, N.C. Court of Appeals decision that appears to limit 10-year construction warranties to six years has been invoked by a homebuilder’s attorney, who nonetheless has said his client will make the necessary repairs. The key to this little paradox involving a seven-year-old house in Monroe is, apparently, understanding the difference between two legal phrases.

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DISTRICT 7: Charlotte City Council candidates talk about development (access required)

The four candidates to replace District 7 Charlotte City Councilman Warren Cooksey are a financial planner, an economist with impressive academic bona fides, a sales consultant in workplace safety, and an outspoken Tea Party organizer. Here's what they have to say about development in the development rich district, which includes Ballantyne and other areas of southernmost Charlotte.

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M/I Homes buys yet more Cabarrus County land, announces another new subdivision (access required)

M/I Homes Charlotte is on a self-developing rampage. The local division of the Columbus, Ohio-based homebuilding giant just closed on a deal to purchase 225 acres of raw land in Harrisburg to develop and build a 297-home subdivision named Blume, according to Tamara Lynch, M/I Charlotte vice president for sales and marketing.

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