In North Carolina, state government requires there be a minimum of 10 percent participation by so-called Historically Underutilized Businesses in all state-funded construction projects. But at the University of North Carolina at Charlotte, that percentage has been exceeded.
Last month, Charlotte-based commercial contractor Southside Constructors began building a park-and-ride station for the Charlotte Area Transit System, a project that will increase the number of such stations to eight.
The world of fashion is far removed from the world of property management. But fashion’s where Lisa Taylor, the 2011-12 president of the Greater Charlotte Apartment Association, got her start.
Some might call it retro or nostalgic. Others, more knowledgeable about architecture, use the word Googie to describe the look. Montford Bowling Partners – Adam Williams, Mike Scornavacchi and Patric Zimmer – are hoping to call it successful.
It’s been a dream long delayed by the economic downturn and a contentious rezoning last year. But the redevelopment of the 29-year-old Quail Corners shopping center at Park Road and Sharon Road West is finally coming to fruition.
Not long after the Democratic National Committee announced that Charlotte had been selected for its 2012 convention, local homeowners perceived a one-of-a-kind opportunity. But many homeowners with dollar signs in their eyes are still waiting for takers.
The city of Charlotte is considering changing its rules affecting the construction of affordable housing near transit stations. City officials say that the policy that 30 percent of a housing development built with city money be reserved for middle to lower-income residents is a pricey one for developers to comply with.
With Charlotte’s commercial real estate market still stuck in tenants’ favor, landlords continue to bite the bullet and offer free rent. And some don’t expect free rent and other tenant incentives to disappear in the near future. But in some sections, the incentives appear to have begun drying up.
Charlotte real estate consultant Frank Warren, soon to join Kimley-Horn and Associates as a senior economist, discusses his career and his observations about how Charlotte got to where it is today and where it is heading.
The North Carolina House Select Committee on Homeowners Associations is considering new legislation that would require HOA managers to be licensed as real estate agents, a move that some industry insiders oppose.