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Commercial Real Estate

A degree in recession (access required)

school books

The housing market crash was so tough on Central Piedmont Community College’s real estate department, it took on a new identity. Before the downturn, CPCC in Charlotte was offering up to 20 real estate broker pre-licensing courses per semester. That plunged to three a semester at the nadir of the recession, said Cindy Savage, who heads the department now known as the financial services institute.

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Don’t ask, do well: Developers who seek too much risk credibility (access required)

Building plans heads together

A project he is representing, Walter Fields said, would add 115 multifamily units to an existing five town homes in the Stonecrest area in south Charlotte, but to do so, his client needs a rezoning. Fields has accompanied the project through the city’s regulatory pipeline, and on April 15, the full plan for a total of 120 dwelling units on the site -- which is beside an existing 215 apartments owned by the same company -- will go before the Charlotte City Council for the rezoning vote.

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Rezoned but unknown (access required)

Camden Property Trust won a rezoning to redevlop its Pinehurst apartment complex, but the company won't release any specific information. Photo by Payton Guion

At the intersection of Providence Road and Strawberry Hill Drive rests an aging apartment complex. Camden Pinehurst, which was not always the name of the 40-building complex with the brick-and-vinyl exterior, has been in south Charlotte since 1967. But the owner, with pressure from the numerous brand new, Class A apartment properties popping up around the city, decided a change was needed.

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March: Homebuilding comes in like a lion

Lion

New home starts in Mecklenburg County for 2013 continued their surge in March, as did new home prices. As of March 31, the county had issued 834 building permits for the benchmark detached single-family home. That’s up nearly 33 percent over the first three months of last year, according to an analysis of county records.

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The South will rise (maybe) (access required)

The old power house on the Rock Hill Printing and Finishing Co. plant site in Rock Hill's textile corridor is being reimagined. (photo by Tony Brown)

At the southern tip of a thriving metropolitan area, Rock Hill seems like a little neighbor, a quiet old mill town turned Charlotte suburb. But 22 of the upper South Carolina city’s public and private sector leaders are thinking big, new and loud.

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Managing to make a profit (access required)

Andrew Laing (right) and Steve Gassaway launched Cassidy Turley's product and services development division two years ago this month.  Photo by Payton Guion

The way things used to work: A Cassidy Turley client would have an office space renovated, but wouldn’t think about furniture until just before moving in. The result: Hastily ordered furniture that would have fit perfectly in the old space, but looks as out of place in the new as boulders in a bathtub.

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NoDa-bly different (access required)

Construction is set to start next week on The Yards at NoDa, on 10 acres behind the Johnston YMCA. Photo by Payton Guion

The tattoo parlors, art galleries and bars served as the inspiration from which Gvest Partners drew its apartment design.Over the past decade, the community called NoDa, centered at the intersection of 36th and North Davidson streets, had successfully transitioned from one of Charlotte’s biggest mill centers into the city’s arts district.

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Renovation Report: TCBY Davidson (access required)

TCBY in Davidson replaced a failed yogurt shop and held its grand opening on Saturday. Photo by Payton Guion

When Sam Batt was looking for space to add a TCBY store in Davidson, he didn’t have to use much imagination. With frozen yogurt stores popping up like Internet ads, Batt, a TCBY franchisee, was able to find a storefront at 610 Jetton St. in the space of a former Red Mango, yet another frozen yogurt shop.

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