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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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Plans for Belmont development unveil old building (access required)

John Church planned to tear down the 110,000-square-foot, three-level former textile mill in Belmont and put in new retail and residential space. In mid-August, as a wrecking ball dug into the brick, an architectural gem began to emerge: the original Chronicle Mill - Belmont's first textile plant - built in 1902.

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Lennar begins work on its first Charlotte apartment complex (access required)

Earth is moving this week on a 2.5-acre patch of the Metropolitan district slated to become home to a 261-unit, Class A apartment complex tentatively named in public documents as South Kings Midtown. The project is owned and being built by Lennar Multifamily Inc., according to public records, as part of a $1 billion nationwide dive into the apartment feeding frenzy by the single-family homebuilding giant Lennar Corp.

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Crisis in craftsmen: Construction activity is up again, but the industry faces another, more troubling dilemma (access required)

Crisis in craftsmen: Construction activity is up again, but the industry faces another, more troubling dilemma <span class="dmcss_key_icon"><img alt="(access required)" src="/files/2013/10/lock1.png" border=0/></span>

Construction industry insiders now rushing to determine how best to cope with a labor shortage and its primary cause: Young people largely aren’t interested in joining the trades. Contractors are struggling to find skilled labor, a trend that could hinder future construction work.

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South End by southwest (access required)

Call it what you want, but South End, which was largely carved out of an industrial, railroad-crossed section of westernmost Dilworth in the 1990s, when people thought developer Tony Pressley might be a little nutty, is now rapidly spreading far beyond the traditional boundaries of its historic district.

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

Betting on the northeast I-485 spread: Priester announces second development, this one at Albemarle Road exit <span class="dmcss_key_icon"><img alt="(access required)" src="/files/2013/10/lock1.png" border=0/></span>

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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