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.Read More »
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.
Tagged with: Eastland MallRead More »
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.
Tagged with: designRead More »
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.
Tagged with: Commercial ConfidentialRead More »
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.
Tagged with: commercial real estateRead More »
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.Read More »
Some folks love their old house and want a new gourmet kitchen. Some want to fix up the house so they can sell and buy a new one. Some found a bargain on a foreclosure and can afford to have it updated. Still others are simply dollar-conscious, choosing to invest in what they have rather than laying out more cash on something new.
Tagged with: renovationRead More »
The nine-county Charlotte housing market is no longer inching its way back to a recovery. It is zooming back. But – and this is a pretty big “but” – it is not roaring back, and that’s because builders don’t have enough inventory of completed homes to satisfy pent-up demand.
Tagged with: Economic recoveryRead More »
For years, Sutton House bar sat at the east corner of East Boulevard and Kenilworth Avenue, probably the most prestigious address in Dilworth. With its blue brick façade, the bar stood out like a blinking beacon. Only it didn’t attract many people. On weekend nights, it wasn’t uncommon to see Sutton House almost deserted.
Tagged with: Renovation ReportRead More »