It could get cheaper to redevelop sites in Charlotte. Under current rules, redevelopment means coughing up whatever it costs — and it can be in the hundreds of thousands of dollars, some say — to install devices that control where stormwater goes after a project, like a new shopping center, is complete. Developers and some [...]
John Porter thinks he hit the jackpot with the site for his Longview apartment project on Reames Road in Charlotte. Porter, senior vice president and partner at Charlotte-based Charter Properties, said the site for the 264-unit development is an epicenter of activity. The area is buzzing with traffic zipping along Interstates 77 and 85 and [...]
When Mecklenburg County’s assessor’s office releases its 2011 revaluation of commercial properties in March, apartment owners may be surprised at how little their properties have increased in value since the last revaluation in 2003. Chuck Hicks, the county’s revaluation manager, said that although his office is still collecting data, he’s already noticed that there doesn’t [...]