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Commercial Real Estate

Streets of Gold Line? (access required)

StreetcarWEB

Embedded in the pavement of Elizabeth Avenue, the streetcar tracks gleam silver with promise. But with the actual streetcars at least two years away, no one can say for sure whether that promise ever will turn to the gold of extensive commercial development, a particular need for Charlotte’s beleaguered West Side.

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Crescent eyes apartments in Dilworth, but will the community accept? (access required)

Crescent Communities is bringing a 300-unit, mixed-use apartment project to the intersection of Morehead Street  and Harding Place.  Photo by Tony Brown

Dilworth residents aren’t afraid to fight developers wishing to start projects in their neighborhood. In November, after months of protest from the neighborhood – front-yard signs included – the Charlotte City Council rejected a rezoning request that sought to bring a Walgreens and an office building to Dilworth. Residents said it didn’t match the area plan, or their vision, for the community.

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Commercial Confidential: Park Avenue building (access required)

Anne Vulcano, senior vice president at CBRE, said the type of tenants leasing space at the Park Avenue building isn't as important as their reputation.  Photo by Payton Guion

Built in 2000, well before thousands of new residential units changed the dynamic of its neighborhood, the Park Avenue building is a relatively new property that has experienced some of the older South End. Anne Vulcano, a senior vice president in the Charlotte office of CBRE, said the influx of new residents to fill those apartments has, in some ways, changed the leasing makeup of the Park Avenue building, which sits at the intersection of South Boulevard and Park Avenue.

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Renovation Report: E.H. Little Dormitory (access required)

E.H. Little Dormitory is undergoing around $2 million in renovations this summer. Photo courtesy Davidson College

Davidson College students who spent the majority of the last year living in E.H. Little Dormitory probably will be surprised when they return to campus in the fall and find their former residence hall doesn’t look much like the home sweet home they remember. That’s because the college is overhauling Little Dorm as it approaches its 60th birthday and adding to it things that often come standard today.

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Commercial Confidential: Matthews Corners (access required)

Despite heavy retail competition, Matthews Corners has almost no vacancy.  Photo by Payton Guion

It sits at the intersection of Matthews Township and Northeast parkways, but Matthews Corners hasn’t cornered the market for attracting shoppers. The 167,459-square-foot shopping center is literally on the corner of the busiest section of retail in the town of Matthews.

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Site unseen: filling space in Charlotte that isn’t built yet (access required)

Portman and Trinity Partners will have to lease a good portion of the building before construction can start.   Photo by Nell Redmond

Imagine signing a lease for offices in a building at the same time you have to imagine both the offices and the building. That’s what’s happening in uptown Charlotte, where Portman Holdings, a worldwide development and architecture firm based in Atlanta, is planning a large office tower on Stonewall Street, on top of the existing parking deck at The Westin, which Portman also owns.

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