For every $1 the York County, S.C., town of Fort Mill receives in property taxes on residential properties, it has to spend $1.40 on services such as fire, police and schools. But for every $1 the town gets in taxes from commercial properties, it spends only 31 cents on services.Read More »
Construction and Real Estate
If you permit it, they will build. And despite a slow start, Mecklenburg County permitting this year is finally in positive territory compared with the same period in 2012, which opens up the possibility of more construction activity this year than last in the Charlotte market.
Tagged with: residential constructionRead More »
The closing of Proffitt Dixon Partners’ purchase of the site for the Fountains at Stonewall apartment complex may be delayed up to two months, although a city official said he expects the closing to happen on schedule next week. The Fountains at Stonewall is a five-story, 210-unit luxury apartment complex planned for one of the few vacant patches of dirt in uptown Charlotte.
Tagged with: commercial real estateRead More »
"The market is changing with different options for these retailers, and I'm afraid it might be difficult to fill some of this space," said Mary Hopper, executive director of University City Partners.Read More »
About eight to 12 months ago, New York-based Mascia Development shifted its focus more toward buying commercial real estate instead of building it.Read More »
Hendrick Motors of Charlotte has paid about $2.7 million for roughly 5 acres next to its Mercedes dealership on Independence Boulevard.Read More »
For many, 13 is a dreaded number, a cursed pair of digits to be avoided at all costs. But ’13 might be a year of luck and plenty for some Charlotte-area developers and real estate and construction companies. Our 13-part series will take a look at companies and people expected to be among the busiest and biggest newsmakers this year.Read More »
The permits don’t lie: Mecklenburg County homebuilding jumped in 2012 from 2011. But permit figures have a long way to go before returning to prerecession levels.Read More »
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.Read More »