SOUTH END – Despite the developer’s website saying construction started this time last year, demolition crews have just begun tearing down the Simpson’s Lighting building, at Carson Street and South Boulevard in South End. Once the old brick-and-mortar building is ...Read More »
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CHARLOTTE – Campus Crest in 2004 didn’t own and hadn’t built a single residential bed. Nine years later, the Charlotte-based student housing developer is approaching 50,000 beds in 87 student-specific apartment communities, spread across 25 states. The company is also ...
Tagged with: Bill Stricker Campus Crest Carolinas Associated General Contractors Charles Dalton East Carolina University off-campus student housing Real Data Ted Rollins The Grove UNC Charlotte University of Noth Carolina at AshevilleRead More »
Victor Calanog said the national apartment market at the end of the third quarter continues to be at or near the top of the commercial real estate industry, with demand high and vacancies falling. Calanog, vice president of economics and ...Read More »
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.
Tagged with: 1200 South Boulevard Boykin Management Co. Cambridge Development Group Camden Property Trust Capstone Building Corp. Carson and South boulevards Charlote Dalton Colonial Property Trust Grubb Properties Merrifield Patrick Vermilion Real Data South End apartmentRead More »
A national multifamily report, released last week by New York-based Reis, a commercial real estate analytics firm, shows apartment vacancies well below the 20-year national average and rents steeper than before the Great Recession.Read More »
Not long ago, when potential tenants were seeking office space across the city, they were at the mercy of the landlord or owner.Those conversations changed during the recession, when vacancy rates were climbing and landlords were grasping for tenants. But as Charlotte moves back toward a landlord’s market, tenants aren’t relinquishing all the cards they’ve been handed.Read More »
Amenities, such as an eighth-floor tenant lounge, aren’t reserved solely for The Vue, the 51-floor condominium-turned-apartment tower at Fifth and Pine streets. In the booming apartment construction in Charlotte, the days of a simple pool and clubhouse are over as developers are focusing on projects heavy on amenities – the more unusual, the better.Read More »
As far as Charlotte's commercial construction industry goes, 2012, arguably, has been the year of the apartment. It seemed that nearly every day over the past 12 months, Mecklenburg County was issuing permits for apartment projects big and small.Read More »
Building a bubble? Developers plan to add thousands of apartments to the metro area, which has some wondering about overbuilding
It’s a lot of apartments. There are 7,000 units planned for the Charlotte area, mostly for the area north of the city. More than 1,000 units are under construction, and it’s no wonder why developers are salivating over apartments: Now’s a good time to be in the rental business, thanks to tougher lending practices that make it harder for people to buy homes and a major dip in confidence in owning brought about by the housing market’s collapse.Read More »