Earth is moving this week on a 2.5-acre patch of the Metropolitan district slated to become home to a 261-unit, Class A apartment complex tentatively named in public documents as South Kings Midtown. The project is owned and being built by Lennar Multifamily Inc., according to public records, as part of a $1 billion nationwide dive into the apartment feeding frenzy by the single-family homebuilding giant Lennar Corp.Read More »
Commercial Real Estate
Crisis in craftsmen: Construction activity is up again, but the industry faces another, more troubling dilemma
Construction industry insiders now rushing to determine how best to cope with a labor shortage and its primary cause: Young people largely aren’t interested in joining the trades. Contractors are struggling to find skilled labor, a trend that could hinder future construction work.
Tagged with: Associated General Contractors of America Bill Stricker Bruce Gehrig Carolinas Associated General Contractors Central Piedmont Community College construction labor shortage Dave Clewley Department of Engineering Technology & Construction Management Kim Schueneman Manpower Starr Electric Co. University of North Carolina at CharlotteRead More »
Call it what you want, but South End, which was largely carved out of an industrial, railroad-crossed section of westernmost Dilworth in the 1990s, when people thought developer Tony Pressley might be a little nutty, is now rapidly spreading far beyond the traditional boundaries of its historic district.
Tagged with: 1100 South Boulevard Partners LLC 1200 South Boulevard Partners LLC Andy Misiaveg Brad Allen Cardinal Partners Charlotte-Mecklenburg Historic Landmarks Commission Cherokee Investment Partners Chris Fetter Crosland Southeast Dan Morrill Faison John Culbertson Lynx Light Rail Blue Line Mark Newell Merritt Scheller MPV Properties Myers Chapman Nancy Braun Pappas Properties Percival McGuire Publix Rob Pressley Scaleybark Sedgefield Shopping Center Group Showcase REalty LLC Simpson's Lighting Showroom South End Summat at Church Texas developer Tony Pressley Unknown Brewing Co. Walter Scholtz Wilmore YorkshireRead More »
Kite Realty Trust Group, based in Indianapolis, has paid $15.9 million for Toringdon Market, the company announced this week. Toringdon Market is a 60,000-square-foot shopping center at the intersection of Interstate 485 and Johnston Road.Read More »
CONCORD – OILES America Corp., an industrial bearing manufacturer based in Japan, has opened a $6 million, 48,000-square-foot expansion of the company’s North American headquarters in International Business Park, at 4510 Enterprise Drive Northwest. The OILES expansion project was undertaken ...Read More »
Betting on the northeast I-485 spread: Priester announces second development, this one at Albemarle Road exit
Retail developer Jay Priester is betting again on future development near Interstate 485. Priester on Wednesday announced that his Cambridge Properties Inc. is developing a 17-acre site on vacant, unincorporated land east of the Albemarle Road exit of I-485, just past the Mint Hill town limits, and a half-mile from the future site of a Novant Health Presbyterian Medical Center campus expected in 2018.Read More »
Heavy precipitation has left contractors and developers in the area wringing out their plans and looking for ways to get back on schedule. This summer, the Piedmont of the Carolinas has seen between 150 and 200 percent of its typical rainfall
Tagged with: Charlotte-Monroe Executive Airport construction Faison Godfrey Construction hoss hinson John Crabtree Kris Fetter Matthew Eastin rainfall Summit at Church University of North Carolina at Charlotte weatherRead More »
With the purchase of the Southborough building on South Boulevard, Charlotte-based Beacon Partners, a commercial real estate firm, has increased its presence in the Midtown office submarket to more than 200,000 square feet.Read More »
Just a day after the doors of a new sports center opened to students at Queens University of Charlotte, a state appeals court affirmed a zoning decision that allowed the center and another nearby structure to be built.Read More »