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.
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.
CORNELIUS – Despite his sleek new architectural plan, a car dealer’s six-month quest to build a new Hyundai dealership came to an abrupt 3-2 stop Monday night at Cornelius Town Hall. After another in a series of contentious rezoning meetings in this development-suspicious north Mecklenburg town, Mayor Lynette Rinker broke a 2-2 town Board of [...]
The Charlotte Housing Authority is the city’s public-housing organization responsible for putting roofs over the heads of people who may otherwise have trouble affording a place to live in the city. The thing about putting roofs over heads, though, is that those roofs must be in good condition.
Massive sinkhole. That not only sounds vulgar – what you might call a hod carrier who accidentally dropped a cinder block on your foot, or an old-home renovation project gone way wrong – it also can be a pain in the pocketbook for a developer.
With little fanfare, the city has decided to squash the hollow shell of Eastland Mall, in response to the perceived needs of the two developers who have been shortlisted to remake the 80-acre site. But Bert Hesse, CEO of Studio Charlotte Development, one of the developers considered for Eastland redevelopment, said city officials would be smart to hold off on the demolition, adding that, in doing so, they could save some money and possibly a piece of the storied mall.
A bill that would prevent cities and counties from regulating such things as the color of a new house appears close to passage after it sailed through the state House by a 98-18 margin. But land use attorneys say they don’t expect any surge in litigation between developers and local governments because the bill contains a loophole that you could—in this case literally—drive a brick house through.
In the SouthPark retail market, with its massive mall and millions of square feet of other retail space, it takes something special to stand out. For SouthPark Mall, it’s the glamour and the couture shops. For other retail it may be the brand name, like Barnes & Noble.
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.
Attached to the phrase “student apartment,” the adjective “luxury” looks blatantly out of place. But that apparent incongruity isn’t stopping a Charlotte-Texas partnership from trying to capitalize on the growth of the University of North Carolina at Charlotte campus.