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Commercial Real Estate

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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OILES opens expansion of Concord headquarters (access required)

CONCORD – OILES America Corp., an industrial bearing manufacturer based in Japan, has opened a $6 million, 48,000-square-foot expansion of the company’s North American headquarters in International Business Park, at 4510 Enterprise Drive Northwest. The OILES expansion project was undertaken ...

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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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Act II, Scene I: City expected to start negotiating with film studio over development at abandoned mall (access required)

movie camera

The city’s Economic Development Committee last week made a decision that increased the likelihood of an ambitious $300 million film studio being built on the East Side. The committee, which includes Mayor Pro Tem Patrick Cannon and City Council members Warren Cooksey, David Howard, LaWana Mayfield, and James Mitchell, will recommend on Aug. 26 that the full City Council vote to enter into a memorandum of understanding with Studio Charlotte Development, starting exclusive negotiations with the company.

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