Biltmark Development, a real estate firm based in Wilmington, has bought 2.3 acres near the Bank of America Stadium for a possible apartment project.Read More »
Commercial Real Estate
The Cornelius Board of Commissioners on Monday night voted to delay a final decision on a rezoning request by Lake Norman Hyundai on an expansion so large that it amounts to a brand new dealership.Read More »
Despite longstanding objections by residents, the Charlotte City Council last week unanimously voted to grant a Steele Creek Limited Partnership up to $5.1 million in property tax rebates for infrastructure improvements near the proposed Steele Creek outlet mall in southwest Charlotte.
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It used to be that Charlotte was known primarily as a transportation hub. Then along came the banking and finance industries, rolling over that reputation. But the 2013 construction of new an intermodal facility might just turn back time for city, restoring it's glory as a crossroads for transport, according to developers for the facility and officials with the state transportation department and Charlotte Douglas International Airport.Read More »
The home was appraised for about $2.2 million in 2011 and sold in August 2012 for $4 million.Read More »
Last year was a historic one for Charlotte, thanks to its hosting of the Democratic National Convention, an event which put a national spotlight on the city. The event didn't just give the city more media attention. In a year when the construction industry was still in recovery mode, the DNC contributed to the city's commercial construction permit numbers as Time Warner Cable Arena and other venues had to be readied for the event. That resulted in a flurry of permit applications in early 2012, county officials say.
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