CHARLOTTE – Mecklenburg County has issued a building permit, valued at $3.3 million, to Faison, a Charlotte-based commercial developer, for work on the company’s 200-unit Summit at Church apartment project, at 1449 S. Church St. The permit, issued on Friday, is for construction on the 26,500-square-foot core of the apartment’s shell, at South Church Street [...]
CHARLOTTE – Mecklenburg County has issued a building permit valued at $2.9 million to Charlotte-based Faison for foundation and site work for its Summit at Church apartment project. Faison, the developer on the project, said in July it was bringing the 200-unit apartment complex to uptown Charlotte, at Church Street and West Summit Avenue, according [...]
After successful careers in the real estate industry, Stuart Proffitt and Wyatt Dixon found themselves at a crossroads. The economy was in the crapper, their once-lucrative jobs at big Charlotte firms were either in a state of flux or being eliminated and they were facing one of the worst real estate markets in U.S. history. [...]
The heat could soon be on some Charlotte-area developers to speed up construction on projects before the end of this year. If they don’t, it could cost them their precious building permits, which would mean wasted time and money. It could also result in partially built projects sitting around the Charlotte area until developers get [...]
Just last year, Alma Kohuth’s neighbors found themselves regularly dumping asphalt into potholes that scarred the roads running by their Mooresville homes. The developer of Lake Hills Estates had gone out of business and the new developer had passed the blame for the potholes on to the old developer, leaving Kohuth and the other homeowners [...]
Lat Purser has been looking for new development projects that he can afford to lose. Earlier this month, his company, Charlotte-based Lat Purser and Associates, finished work on The Arden, a new, 16-unit apartment complex in the NoDa neighborhood north of uptown. Units in the development range from 400-square-foot studios to 900-square-foot one-bedroom apartments. Charlotte-based [...]