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Commercial Real Estate

Spectrum Properties still interested in Marshall Park (access required)

Since Spectrum Properties missed a March 1 deadline to buy Marshall Park, public discussion of the Brooklyn Village plan has been muted.  Photo by Nell Redmond

It took only two years after a Charlotte City Council vote in the urban renewal-era year of 1961 for bulldozers to start wiping out the 80 years’ worth of the city’s history called Brooklyn. Today, going on 12 years after efforts began to bring housing, shopping and pedestrian traffic back to Second Ward – Charlotte’s government district, dominated by stern, institutional buildings – the vision of a reincarnated, well-rounded Brooklyn is still just that, a vision.

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Apartments adding up to a glut in Charlotte (access required)

Apartments WEB

Week after week, developers announce new apartment projects in Charlotte. Like the 342 units in NoDa, or the 321 units in southwest Charlotte, or the 270 units in South End that have started, or will start, this year. In Charlotte, it is a rare week that passes without the revelation of a new multifamily project. And the numbers justify that trend, for now.

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PulteGroup survives a scathing review in Charlotte (access required)


One the nation’s premier homebuilders was being humiliated by the Charlotte City Council; worse, PulteGroup was on the verge of losing a rare and potentially lucrative opportunity. But Pulte bounced back this week from January’s nasty public scolding to win a unanimous City Council endorsement of a rezoning case that would allow development and building on a patch of scarce land in booming and nearly built-out south Charlotte.

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