Mid-century modern is hot. While furniture and other household products of that classic derivation can be collected from far and wide, architecture cannot. You have only what you have.
Ask city planners, and they’ll likely say land-use regulation is an essential part of local government. Ask developers, and they’ll say those same regulations are unnecessary and can cause quite a headache.
It is a not exactly a fixer-upper, but not fully made over, either: a vinyl-sided bungalow – not large, not small – around 1,800 square feet. But it is in just the right spot – on the Dilworth side of Freedom Park – and went on the market at just the right time.
REITs are having new, single-family homes built, largely in stalled subdivisions, with the express purpose of renting them to the growing market of people who want to live in houses but can’t afford the down payments or qualify for loans.
A pair of pedigreed multifamily players are partnering to form a new, Charlotte-based entity that is already at work on a 292-unit apartment complex in Raleigh, premiering its aspirations to enter several fast-growing Southeastern U.S. markets.
Along with its success, Vermillion occasionally has hit bumps in the road to completion, including a delay in rolling out Phase 3 and some lots that did not sell as quickly as planned. But as the housing market rebounds, the $100 million master-planned development appears to be back.
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.
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.
“Jake is a smart and creative developer, but he’s a catastrophe as a communicator," Cornelius Commissioner David Gilroy said. "He shoots himself in both feet and the side of the head."
The permits don’t lie: Mecklenburg County homebuilding jumped in 2012 from 2011. But permit figures have a long way to go before returning to prerecession levels.