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Apartment developers: Renting growing as ownership declines (access required)

Apartment developers: Renting growing as ownership declines <span class="dmcss_key_icon"><img alt="(access required)" src="/files/2013/10/lock1.png" border=0/></span>

Whether it’s Class A apartments, value-added properties or workforce housing, the Queen City’s apartment market is expected to remain strong in the foreseeable future. Five apartment industry leaders said so on a panel Tuesday morning at Bisnow’s third annual Multifamily Summit held in a ballroom at the Omni Hotel in uptown Charlotte.

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Year’s largest single-family permit pulled for Peninsula home (access required)

Thanks to a building permit worth $755,872, a property owner on the Peninsula soon will be able to boast, “I can see Denver from my house.” That property owner, Ramzi Abul-Hajj of Huntersville, on Tuesday pulled the most valuable Mecklenburg County single-family home permit of the year to build a 10,000-plus square-foot waterfront home on the very westernmost tip of the county’s extension into Lake Norman, according to county records.

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Avoiding the rush: South End apartment project finally set to break ground (access required)

1200 South Boulevard, a 331-unit project at Carson and South boulevards, has been off the drawing board for more than a year, waiting to join the list of apartment projects coming to South End. The site is soon to change, with apartment construction set to begin within the next month, according to Capstone Building Corp., the Birmingham, Ala.-based general contractor that’s working on the project.

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A home away from HOA control: Property owner wants to empower homeowners (access required)

Jim Lane is a man on a mission. The Huntersville resident wants to reform and improve homeowners associations, which he believes have run amok and are “too controlling of residents’ lives.” Lane said he’s petitioning all Charlotte area HOAs and homeowners to join his new organization, "Greater Charlotte Alliance of Homeowners Associations." Homeowners in disputes with their HOAs will get some relief from two laws passed by the N.C. General Assembly during this year’s session, one of which takes effect Oct. 1.

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Plans for Belmont development unveil old building (access required)

John Church planned to tear down the 110,000-square-foot, three-level former textile mill in Belmont and put in new retail and residential space. In mid-August, as a wrecking ball dug into the brick, an architectural gem began to emerge: the original Chronicle Mill - Belmont's first textile plant - built in 1902.

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Developers read the signs: Available land, I-485 lure activity to Mint Hill (access required)

Look at the signs on roads with names like Lawyers, Idlewild, Matthews-Mint Hill, Lebanon, Margaret Wallace, wending their way through bucolic, small-town America 15 minutes from the big city, and the signs are pretty clear: Mint Hill is available, baby. A-vail-a-ble.

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