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Construction and Real Estate

Developer of Fountains at Stonewall granted extension it might not use (access required)

This elevation shows what the Fountains at Stonewall apartment complex would look like if it is built as planned between the John Belk Freeway and Stonewall Street at McDowell Street in Second Ward. Rendering courtesy of Housing Studio

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.

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13 to watch in 2013: DDR (access required)

"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.

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M/I Homes: Meck County’s busiest homebuilder in 2012 (access required)

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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.

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Lending a hand: Bank opens Charlotte operation, targets homebuilders (access required)

“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.”

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