For every $1 the York County, S.C., town of Fort Mill receives in property taxes on residential properties, it has to spend $1.40 on services such as fire, police and schools. But for every $1 the town gets in taxes from commercial properties, it spends only 31 cents on services.Read More »
Commercial Real Estate
CORNELIUS – Despite his sleek new architectural plan, a car dealer’s six-month quest to build a new Hyundai dealership came to an abrupt 3-2 stop Monday night at Cornelius Town Hall. After another in a series of contentious rezoning meetings ...Read More »
With little fanfare, the city has decided to squash the hollow shell of Eastland Mall, in response to the perceived needs of the two developers who have been shortlisted to remake the 80-acre site. But Bert Hesse, CEO of Studio Charlotte Development, one of the developers considered for Eastland redevelopment, said city officials would be smart to hold off on the demolition, adding that, in doing so, they could save some money and possibly a piece of the storied mall.
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A bill that would prevent cities and counties from regulating such things as the color of a new house appears close to passage after it sailed through the state House by a 98-18 margin. But land use attorneys say they don’t expect any surge in litigation between developers and local governments because the bill contains a loophole that you could—in this case literally—drive a brick house through.
Tagged with: designRead More »
In the SouthPark retail market, with its massive mall and millions of square feet of other retail space, it takes something special to stand out. For SouthPark Mall, it’s the glamour and the couture shops. For other retail it may be the brand name, like Barnes & Noble.
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Attached to the phrase “student apartment,” the adjective “luxury” looks blatantly out of place. But that apparent incongruity isn’t stopping a Charlotte-Texas partnership from trying to capitalize on the growth of the University of North Carolina at Charlotte campus.Read More »
Some folks love their old house and want a new gourmet kitchen. Some want to fix up the house so they can sell and buy a new one. Some found a bargain on a foreclosure and can afford to have it updated. Still others are simply dollar-conscious, choosing to invest in what they have rather than laying out more cash on something new.
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The nine-county Charlotte housing market is no longer inching its way back to a recovery. It is zooming back. But – and this is a pretty big “but” – it is not roaring back, and that’s because builders don’t have enough inventory of completed homes to satisfy pent-up demand.
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For years, Sutton House bar sat at the east corner of East Boulevard and Kenilworth Avenue, probably the most prestigious address in Dilworth. With its blue brick façade, the bar stood out like a blinking beacon. Only it didn’t attract many people. On weekend nights, it wasn’t uncommon to see Sutton House almost deserted.
Tagged with: Renovation ReportRead More »