The pendulum swings very quickly in the small crucible that is the Uptown residential real estate market. And right now, the tiny market is a microcosm of the shrinking inventory trend that is playing out to varying degrees across Mecklenburg County.
Last month, construction started in uptown Charlotte on a ballpark for the Charlotte Knights, which is leaving this town — and Knights Stadium — behind. The question becomes: What to do with the land?
In the second quarter, Bank of America and Wells Fargo abandoned a combined 197,820 square feet of uptown office space, according to Karnes Research. The good news for tenants is that, according to industry officials, rents haven’t been impacted by the BofA and Wells Fargo vacancies.
This month, construction began on a $54 million ballpark for the Charlotte Knights in uptown Charlotte. The site is prime real estate, so we wanted to know: Is a ballpark a homerun of an idea for the property?
Charles Jonas and his team at Jones Lang LaSalle were ready to show some uptown real estate. For the most part, however, buyers and sellers had to wait while history walked the streets of the Queen City.
When the international media swarmed to Charlotte last week, some in the real estate business were drawn to the crowds. The Charlotte Regional Realtor Association, the company that owns Skye Condominiums, and Habitat for Humanity are among those that couldn’t resist drawing attention to themselves during the DNC.
Reporters share the sights and sounds of uptown Charlotte during the Democratic National Convention.
For Mike Woollen and the architects at architectural firm Odell, which also worked on the Knights’ Fort Mill stadium, designing a stadium of old has resulted in some curve balls, thanks in large part, Woollen said, to the small size of the site.
Now that Crescent Resources has announced the possibility of building 150,000 square feet of office space on an uptown site, some aren’t so sure that’s the best idea. Industry officials say that, given the amount of vacant office space across the Charlotte area, now might not be the best time to dump more office space into the market.
A 10-year, $700 million project that will transform eight blocks uptown had some changes approved by county commissioners on Tuesday night. Levine Properties, the developer, requested an amendment to part of their agreement with the county that said they would build an underground parking deck with more than 1,000 parking spaces north of Eighth Street. [...]