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Commercial Real Estate

Renovation Report: Camden Sedgebrook (access required)

Camden Property Trust is in the process of renovating each of the 368 units at Camden Sedgebrook.  Photo by Payton Guion

With each new apartment project that pops up around Charlotte during this boom, the existing product only becomes more tired. So even though Camden Sedgebrook is only 15-years-old in human years, in apartment years, it’s ancient. Newer apartment communities were making it increasingly difficult for Sedgebrook to compete for tenants.

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Charlotte plans to demolish Eastland Mall (access required)

The city of Charlotte is likely to tear down the empty shell of Eastland Mall, despite one developer asking for a delay.   Photo by Payton Guion

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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Lawyers: Loophole dilutes effort to block cities’ power over design (access required)

hands tied

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.

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