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Commercial Real Estate

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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The fix is in and home renovators are busy (access required)

hard hat blueprints

Some folks love their old house and want a new gourmet kitchen. Some want to fix up the house so they can sell and buy a new one. Some found a bargain on a foreclosure and can afford to have it updated. Still others are simply dollar-conscious, choosing to invest in what they have rather than laying out more cash on something new.

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