Tag Archives: Developers

Developed lots still in short supply (access required)

The abandoned Brookline subdivision near Northlake Mall, seen here in the developed but only partly built out Phase 1, might soon be revived with the construction of a 492-unit apartment complex on the vacant, undeveloped land that was to be used for later phases. Photo by Nell Redmond

A deficit in developed lots continues to restrict the construction of mid-range homes and rising development costs preclude the construction of entry-level homes, according to a first-quarter 2016 report by Metrostudy. “The fundamentals for a strong housing market – employment ...

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The power of covenants: Homeowners may find surprises (access required)

Empty lots outnumber houses in the Brookline neighborhood off Lakeview Road. Photo by Nell Redmond

Covenants, conditions and restrictions, or CCRs, are the bible of every homeowners' association. They are the commandments of subdivision life. They are created by the developer before building starts. “The developer is God,” says Derek Greene, president and CEO of Community Association Management, a firm that manages homeowners' associations.

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Developer disinterest (access required)

The Charlotte Inn is among the properties the city plans to buy. Photo by Nell Redmond

The Charlotte City Council relieved some east Charlotte residents with its decision to buy and demolish Charlotte Inn and a former Comfort Inn and Ihop along Independence Boulevard, properties long associated with crime and blight.

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