Mecklenburg Times: News for Mecklenburg, Union and Iredell counties Real Estate, Development, Construction, and Community News in the Charlotte area and throughout Mecklenburg, Union and Iredell counties

When the results of Mecklenburg County’s 2011 property revaluation were released, one of Jim Plyler’s clients was troubled. Compare Foods, which owns the old Tryon Mall site at 3600 N. Sharon Amity Road, came to him for help after the county valued the property at $4.85 million, said Plyler, a broker for Charlotte-based Piedmont Properties, a commercial real estate firm.

Tagged with: property tax

The capital-gains tax, mortgage-backed securities, small-business concerns, banking stability, interest rates, the “fiscal cliff,” the mortgage-interest deduction — and jobs, jobs, jobs. When they consider what the outcome of Tuesday's presidential election might be, those are but some of the issues that Charlotte-area builders, developers and real estate agents bring up.

Tagged with: Obama

The planned house is the buzz of the season among Charlotte’s luxury homebuilders, stirring up curiosity — "Who knew there even was a vacant 4-acre lot in Myers Park?" they ask — and not a little bit of envy.

Tagged with: luxury homes Myers Park

“Cornelius has so much it has to offer now with all the retail and restaurants in the area, the excellent schools, let alone the natural attraction of the lake and its two parks, Jetton Park on Lake Norman and Ramsey Creek Park," said Classica Homes owner Bill Saint.

Tagged with: Cornelius development

It has a whopping 15,000 square feet and comes with 11 acres of land, and if this southwestern Mecklenburg County home sells for asking price it would be the highest-priced sale in the CMLS since 2000.

Tagged with: Lake Wylie luxury homes

Two retail outlets will go in. Only one will emerge. At least that’s the prediction a Charlotte-based retail analyst has about two outlet centers expected to be built along Interstate 485.

Like a college student sneaking into class 15 minutes after it’s started, a trendy way of leasing to such students has quietly made its way across parts of Charlotte. But the method — renting out single bedrooms in an apartment — has caught the attention of, and become alarming to, city officials who are now considering creating rules for what has become an unregulated practice.

Nate Bowman missed his train by about 14 years. A developer and owner of Huntersville-based Bowman Development Group, he said he has been waiting on the Charlotte Area Transit System to finish the commuter-rail project known as the Red Line since 1998.

Tagged with: Red Line Vermillion

One Wells Fargo Center, which was taken off the market after a deal to purchase it collapsed in July, could be up for sale again as soon as January, according to Hal Kempson, director of capital markets for CBRE. "Childress Klein will decide upon the first of next year (when) they'll do it," Kempson said Tuesday. "One Wells Fargo is going to go back up for sale."

Tagged with: Wells Fargo

In the latest wrinkle in the squabble over M/I Homes’ proposed Avery Park subdivision, the company has decided to wait two more weeks before having Huntersville take a final vote on the project, according to Whitney Hodges, senior planner for the town.

Tagged with: Avery Park M/I Homes