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Commercial Confidential: Northlake Mall

A burst of residential construction around Northlake Mall will help it succeed, said a local retail analyst. Photo by Payton Guion

Northlake Mall opened in 2005 in north Charlotte, an area that seemed primed for residential growth. But just a couple of years after the mall opened, the Great Recession came on the scene. According to Andy Misiaveg, a partner in the Charlotte office of the Atlanta-based Shopping Center Group, the mall didn’t have time to solidify its tenant mix before the economy tanked.

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Renovation Report: Label nightclub (access required)

"You look at a client, such as Harris Teeter, and they're going to renovate before they build new," said Dave Winston, project manager for Jefferson-based Vannoy Construction. "It sounds cliché, but people are still talking about the economy.

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On the Level: Eric Locher, Charlotte Regional Realtor Association’s 2013 president (access required)

"As buyers begin to meet prices, there will be an upward pressure on prices," he said. "There are an increasing number of buyers coming on the market, more buyers and fewer homes. We’ve even had some multioffer situations. Not many, but some."

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