A national multifamily report, released last week by New York-based Reis, a commercial real estate analytics firm, shows apartment vacancies well below the 20-year national average and rents steeper than before the Great Recession.Read More »
Commercial Real Estate
Not long ago, when potential tenants were seeking office space across the city, they were at the mercy of the landlord or owner.Those conversations changed during the recession, when vacancy rates were climbing and landlords were grasping for tenants. But as Charlotte moves back toward a landlord’s market, tenants aren’t relinquishing all the cards they’ve been handed.Read More »
Under state law, every new house built and sold in N.C. comes with an implied warranty that the home is free from major structural defects when it was sold, but the builder can expressly warrant the house for more, and for longer, often up to 10 years. But a decision by an N.C. court comes with no warranty that it will ever be enforced ─ or even understandable ─ or for how long.Read More »
Mike Silvers of Highland Creek doesn't have to drive to Spartanburg, S.C., to visit a Publix grocery store. But he still has to drive across the state line, and he and many others in the state are longing for the Lakeland, Fla.-based grocer to open stores north of the border. Evidently Publix has taken heed, with three Charlotte area stores announced and many more in the pipeline.Read More »
After several months of conjecture, two Florida-based companies, Publix, out of Lakeland, and Stiles, out of Fort Lauderdale, this week revealed they were joining forces at Mint Hill Commons and that Stiles would be developing the roughly 66,000-square-foot shopping center.
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In a town that regularly rejects development projects, Antiquity LLC’s proposal to alter its plans to add 80,000 square feet of retail to its new-urbanist, mixed-use residential development sailed through the arduous planning process in a relatively quick four months.Read More »
Amenities, such as an eighth-floor tenant lounge, aren’t reserved solely for The Vue, the 51-floor condominium-turned-apartment tower at Fifth and Pine streets. In the booming apartment construction in Charlotte, the days of a simple pool and clubhouse are over as developers are focusing on projects heavy on amenities – the more unusual, the better.Read More »
It’s been 22 years since the Morrison Regional Library opened in SouthPark, at the intersection of Colony Road and Morrison Boulevard. Back in 1991, said David Singleton, director of libraries in Mecklenburg County, people used the library very differently than they do today.
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