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Ridge Creek yet to rise: Industrial market expected building to lease more quickly (access required)

Ridge Creek IV was the first large industrial building built in Charlotte in five years, and with around 200,000 square feet of space for the taking, the Childress Klein Properties-owned building seemed ideal to reel in those tenants who were waiting for a recovery to make a move to buildings new. But only one tenant has signed a deal since the building opened.

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Alzheimer’s care center to replace proposed hotel on Park South Drive (access required)

The latest twist in a rezoning drama that has been going on for 18 months has left developer CN Hotels of Greensboro with no room for an inn. The outcome of a contested rezoning usually satisfies either the protestors on one side or the landowner and developer on the other. But the case of a vacant 0.72-acre lot at 6026 Park South Drive has been anything but usual.

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‘Chic-urbanism’ apartments going up in Cornelius (access required)

More than one year, two developers and a rezoning battle later, construction is finally underway on new Class A apartments in the Kenton Place mixed-use development on West Catawba Avenue. Kenton Place Partners LLC of Charleston, S.C., last Tuesday pulled nearly $3.5 million in Mecklenburg County building permits to start construction on a three-building, 210-unit complex, which is expected to build out at a cost of more than $25 million, according to Lance Youngquist, one of three partners behind the project.

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Home wasn’t built in a day; it took a day and a quarter (access required)

How do you build a house in 30 hours? Help. Lots of help, like 150 around-the-clock volunteers, a handful of professional supervisors and a dozen paid AmeriCorps interns. If there was a third "H" in Habitat for Humanity, Frank Spencer said, it would stand for help, on which the organization depends for its existence.

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Developing news: Commercial projects likely to increase (access required)

Retail follows rooftops. It’s the old real estate adage explaining how commercial development responds to residential development. So the recent growth in homebuilding and homebuying in the Charlotte market – which is expected to continue into 2014 – will likely be accompanied by increased commercial development over the next two years, even if developers are still cautious about the overall economy.

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Apartment developers: Renting growing as ownership declines (access required)

Apartment developers: Renting growing as ownership declines <span class="dmcss_key_icon"><img alt="(access required)" src="/files/2013/10/lock1.png" border=0/></span>

Whether it’s Class A apartments, value-added properties or workforce housing, the Queen City’s apartment market is expected to remain strong in the foreseeable future. Five apartment industry leaders said so on a panel Tuesday morning at Bisnow’s third annual Multifamily Summit held in a ballroom at the Omni Hotel in uptown Charlotte.

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Year’s largest single-family permit pulled for Peninsula home (access required)

Thanks to a building permit worth $755,872, a property owner on the Peninsula soon will be able to boast, “I can see Denver from my house.” That property owner, Ramzi Abul-Hajj of Huntersville, on Tuesday pulled the most valuable Mecklenburg County single-family home permit of the year to build a 10,000-plus square-foot waterfront home on the very westernmost tip of the county’s extension into Lake Norman, according to county records.

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