The county’s homebuilders in November continued their 2012 surge past the previous year’s building permit figures, according to just-released monthly and year-to-date statistics compiled by the Home Builders Association of Charlotte.
“The builders will have to be financially qualified with effective business models and financial discipline," said Bill Bickett, who is spearheading the creation of the Charlotte-based division of the bank. "But smaller builders have had more problems getting financing. We’ll be looking at loans from $2 million to $6 million. That’ll be our sweet spot.”
Parkway Construction & Associates, of Lewisville, Texas, is the contractor on the 5,600-square-foot champagne lounge and tapas bar.
Balfour Beatty is working on a $1.5 million, 19,085-square-foot project in the Bank of America Corporate Center for New York State-based Marsh & McLennan Cos., according to the Mecklenburg County building permits database.
“They ought to change the law that says common sense is not allowed in the town of Cornelius,” developer Jake Palillo said Tuesday.
The town of Cornelius planning department is a busy busy place these days, with four new proposed construction projects -- a bank building, a major expansion of an existing car dealership and two new housing developments -- on the books seeking town approval, according to town records.
Just because the company responded to the “Request for Expressions of Interest," that doesn’t mean it will be chosen by the city to play a role in the redevelopment of Eastland Mall, which the city bought this year to try and do something with the shuttered, languishing property.
More than two weeks after officials in this county learned that Cato Corp. might buy 260 undeveloped acres near Knights Stadium, the wait goes on for the deal to be sealed. And county officials are paying close attention to how it will play out.
"Retail is in the tank right now in Cornelius," said the developer, Gary Cangelosi. "It’s overbuilt in retail. Just look at the storefronts. Just look at what happened to the four grocery stores that used to be there."
“I think if you look where the apartment activity in the city is, you’ll see it’s trending in South End and in the northern part of the county,” said Charles Dalton, president of Charlotte-based Real Data.