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Crescent Communities begins construction on $55 million Dilworth apartments (access required)

Crescent Communities begins construction on $55 million Dilworth apartments <span class="dmcss_key_icon"><img alt="(access required)" src="/files/2013/10/lock1.png" border=0/></span>

DILWORTH – Crescent Communities, the Charlotte-based commercial developer, has started construction on the 296-unit Crescent Dilworth apartment project. Permits were issued for the project earlier this month, but construction started just this week on the $55 million apartment community, according ...

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Southern Apartment Group moves corporate office (access required)

Southern Apartment Group moves corporate office <span class="dmcss_key_icon"><img alt="(access required)" src="/files/2013/10/lock1.png" border=0/></span>

Southern Apartment Group, a locally based multifamily developer, is a little busier this month and it has nothing to do with the apartment projects the company is working on across the city. Southern is moving its corporate headquarters to the FreeMore area of Charlotte, at 1435 W. Morehead St. in the Grinnell Water Works Building.

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Monroe Bypass divides Union County communities: DOT suspends work but continues payments to contractors, including one facing unrelated felony charges (access required)

Monroe Bypass divides Union County communities: DOT suspends work but continues payments to contractors, including one facing unrelated felony charges <span class="dmcss_key_icon"><img alt="(access required)" src="/files/2013/10/lock1.png" border=0/></span>

State and federal transportation officials are putting the final touches on a second draft environmental report on the proposed Monroe Bypass, as nearby towns debate the project’s merits. Meanwhile, a lead bypass construction contractor continues to collect payments even though all work on the project has been suspended – and even as the company and four of its employees face federal fraud charges not related to the bypass work.

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Buildings spring up in The Park: Huntersville mixed use center revived following recession (access required)

Rooftops+Recovery+Recent Hospital Expansion=Commercial Real Estate Revival. That appears to be formula at work in The Park-Huntersville – and its joined-at-the hip spin-off, the Gilead Center – where seven new construction projects are underway or in the pipeline.

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Historic designation would be grist for Hawthorne Mill (access required)

Louise Cotton Mill, now known around town as Hawthorne Mill, is one of several old textile factories that serve as a historic reminder of what became known as Charlotte’s first true industry in the late 19th and early 20th centuries. But the redevelopment of Hawthorne Mill differs from new multifamily development in that developers can’t just come in and put up projects as they wish. There are strict guidelines governing historic properties that don’t apply to new projects.

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Charlotte developer agrees to settlement over coastal property (access required)

The North Carolina Department of Justice is preparing to reach out to about 1,100 people who purchased properties at two coastal North Carolina developments in Carteret and Onslow counties. Noelle Talley, public information officer at the N.C. Department of Justice, said the Consumer Protection Division will be sending letters to the buyers of properties at two communities, Cannonsgate and Summerhouse, to encourage them to file claims if eligible.

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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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