Connect with us

Press + News

Greystar purchases uptown Charlotte site, plans to start 33-story apartment tower next year

Multifamily company Greystar has purchased a 0.6-acre site at the intersection of Third and Poplar streets, across from Romare Bearden Park in uptown Charlotte, where the firm plans to start construction early in the new year on a 33-story high-rise apartment tower with ground-floor retail. The apartment tower will feature 300 high-end units, rooftop amenities and approximately 3,200 square feet of ground-floor retail space, says Todd Wigfield, a managing director with Greystar. Wigfield says the…

Continue Reading >

Developers seek rezoning for mixed-use project at Colony apartments site

Synco Properties Inc. and Schlosser Development Corp. are filing a rezoning application today for their planned mixed-use development at the site of The Colony apartment complex in Charlotte's SouthPark area. If approved, the zoning change to a mixed-use district at the 27-acre site would allow Synco and Schlosser to develop up to 1,100 residential units, 250,000 square feet of office space, 300,000 square feet of retail space (including a new grocery store) and a boutique hotel with up to 300 rooms,…

Continue Reading >

David Weekley planning 11-unit townhome project in South End

David Weekley Homes is planning an 11-unit townhome development at the corner of Tryon Street and Carson Boulevard in Charlotte's South End. The development, called Central Living at Carson, is planned for a 0.6-acre site adjacent to the Camden South End apartment complex on South Tryon. Mark Gibbs, Charlotte division president for David Weekley, says the three-story, brick-and-stone townhomes will feature rooftop terraces with views of the skyline. The units will be about 3,000 square feet in…

Continue Reading >

Lincoln Harris expects Capitol Towers building to deliver in July

Lincoln Harris expects the first building at its Capitol Towers development in SouthPark to be complete this summer and will likely start construction on the second building next year, Chief Operating Officer John "Johno" Harris III says. The Charlotte real estate firm started construction earlier this year on the first 10-story building at the development, which is behind Piedmont Town Center. The project calls for two 10-story towers fronting Congress Street as well as a seven-story parking garage…

Continue Reading >

Levine Properties buys 2 acres in uptown Charlotte for $9.85 million

Levine Properties has added to its land holdings in uptown Charlotte's First Ward. An affiliate of Levine Properties has purchased 2 acres of land at the corner of North Brevard and Sixth streets for $9.85 million. The property, across Brevard from the ImaginOn library and theatre, is used for surface parking and is near a 3.2-acre park in First Ward that Levine Properties and Mecklenburg County are building between ImaginOn and UNC Charlotte's center city building. With the latest acquisition,…

Continue Reading >

BJ's targeting former Home Depot Design Center space at Metropolitan

BJ's Wholesale Club Inc. is targeting the former Home Depot Design Center space at the Metropolitan complex in midtown Charlotte for a new location, according to real estate records. "We are actively pursuing a new BJ's location in Charlotte and plan to make a formal announcement next month," a spokeswoman wrote in response to an email inquiry. The Home Depot Design Center closed in 2009 and the roughly 130,000-square-foot space has been vacant ever since. The space is owned by The Home Depot Inc.…

Continue Reading >

Proffitt Dixon Partners starts work on 258-unit apartment complex in Matthews

Apartment development firm Proffitt Dixon Partners has started construction on Fountains Matthews, a 258-unit apartment complex on 15 acres at the intersection of Matthews Township Parkway and Northeast Parkway. The project will consist of four three-story buildings, three of which will have elevators. The complex will include a clubhouse, fitness facility, saltwater swimming pool and a 1-acre courtyard that will anchor the property. Eight of the units at the development will be "live-work" units…

Continue Reading >

AT&T to vacate 350,000-square-foot uptown building, relocate employees

AT&T will vacate its 350,000-square-foot building in uptown Charlotte next year and relocate its employees to the suburbs, creating a large block of available space in center city. The company plans to vacate the AT&T Plaza building at 300 S. Brevard St. before its lease expires at the end of September, a spokesman confirmed. Employees will be relocated to two office buildings that AT&T occupies off West Tyvola Road, at 4100 South Stream Blvd. and 2359 Perimeter Pointe Parkway. AT&T leases the entire…

Continue Reading >

Oh Happy Day: Charlotte revels in 300 South Tryon groundbreaking

There are few things Charlotte loves more than breaking ground on a shiny new office building. Maybe reminiscing about how far we've come. And center city had both this morning. Developer Spectrum Properties and anchor tenant Babson Capital Management joined N.C. Gov. Pat McCrory and other civic leaders to break ground on 300 South Tryon, the new office tower and hotel development that will rise 25 floors above the corner of South Tryon and Third streets uptown. The ceremony marks the first new…

Continue Reading >

Oh Happy Day: Charlotte revels in 300 South Tryon groundbreaking (PHOTOS)

There are few things Charlotte loves more than breaking ground on a shiny new office building. Maybe reminiscing about how far we've come. And center city had both this morning. Developer Spectrum Properties and anchor tenant Babson Capital Management joined N.C. Gov. Pat McCrory and other civic leaders to break ground on 300 South Tryon, the new office tower and hotel development that will rise 25 floors above the corner of South Tryon and Third streets uptown. The ceremony marks the first new…

Continue Reading >

Wal-Mart in talks to lease 150,000 square feet of office space off Tyvola Road

Wal-Mart Stores Inc., the world's largest retailer, is in talks to lease approximately 150,000 square feet of office space at two buildings in the LakePointe Office Park off Tyvola Road, according to real estate sources. The Arkansas-based company is in discussions to lease space at the Four LakePointe Plaza building and the One Edgelake Plaza building at the park, sources say. Wal-Mart (NYSE:WMT) plans to establish a new operation in Charlotte with the space, according to sources, but it's unclear…

Continue Reading >

Red Ventures purchases land in Ballantyne area for $3.2 million

An affiliate of Red Ventures has purchased 7.5 acres on Providence Road West in the Ballantyne area, across the street from the Publix-anchored Ballanytyne Town Center. The Red Ventures affiliate, managed by Chief Financial Officer Mark Brodsky, bought the land for $3.2 million from Furr Family Properties, a company managed by David Furr. The land, at the intersection of Providence Road West and Dixie Hills Drive, has a couple of single-family properties on it but is largely undeveloped. A Red…

Continue Reading >

Grubb Properties, New York Life under contract to buy 525 North Tryon building

Grubb Properties and New York Life Insurance Co. are under contract to purchase the 525 North Tryon office building in uptown Charlotte, according to real estate sources. The 19-story building was listed for sale by its owner, Parkway Properties Inc., in October and is one block over from the 336-unit SkyHouse Uptown apartment tower, which Grubb is developing with Novare Group and Batson Cook Construction. The developers recently purchased the City Center Inn property next door to the SkyHouse…

Continue Reading >

Developers planning 36-unit condo project in NoDa

Developer Bob Nixon and his daughter, Hollis, are planning to build a 36-unit condo development called Galleries @ NoDa on a 0.7-acre parcel at the intersection of North Davidson and Anderson streets in Charlotte's NoDa neighborhood. The one- and two-bedroom units will be priced from $179,000 to $325,000 and will range in size from 675 square feet to 1,325 square feet. Construction is expected to start next year on the project, which will have 1,100 square feet of retail space on the ground floor. Nixon…

Continue Reading >

Charlotte home sales up 4.8% in November; housing inventory remains tight

November homes sales in the Charlotte region were up 4.8% from a year ago but dropped 14.5% compared with October's activity, according to the Charlotte Regional Realtor Association. The average sales price in November was $227,104, which was up 1.5% from November 2013. The median sales price last month was $180,000, an increase of 2.9% from a year earlier. Pending sales for November totaled 2,778, up 13.3% from a year earlier. New listings and housing inventory continue to be a concern, according…

Continue Reading >

Morningstar exceeds $75 million capital goal for self-storage fund

Matthews-based self-storage company Morningstar Properties has exceeded its capital goal for a $75 million private-equity fund that it plans to use to acquire between 10 and 15 self-storage properties next year. The fund, called Blue Doors Storage Fund II, is backed by a small group of institutional investors, including two that contributed funds to Morningstar's first $55 million fund, Blue Doors Storage Fund I, which launched last year. Last week, the fund reached $77.5 million in capital commitments.…

Continue Reading >

Two Ballantyne buildings eyed by Synchrony, TIAA-CREF now fully leased, according to Bissell

Two office buildings totaling approximately 310,000 square feet at Ballantyne Corporate Park are now fully leased, according to The Bissell Cos. The Charlotte Business Journal reported recently that Synchrony Financial, a consumer finance company considering a 400-job expansion in Charlotte, was in talks to lease the Rushmore One building formerly occupied by AXA Financial at Ballantyne Corporate Park and that financial-services organization TIAA-CREF was in talks to lease the six-story Betsill…

Continue Reading >

101 Independence Center tower listed for sale, comes with development possibilities

Another uptown office tower is on the market, and it comes with some interesting development possibilities. The owner of the 20-story 101 Independence Center building, located at the northwest corner of Trade and Tryon streets, has listed the office building for sale with investment sales firm HFF. The tower, owned by KBS Capital Advisors and Gramercy Property Trust, totals 565,694 square feet and is 84% occupied. Bank of America Corp. is the largest tenant, occupying 261,000 square feet in a lease…

Continue Reading >

Charlotte Regional Realtor Association lists midtown site for sale

A five-acre land assemblage in midtown Charlotte has been listed for sale as a potential redevelopment site. The Charlotte Regional Realtor Association has listed 5.3 acres that it owns at the intersection of Kenilworth Avenue and Greenwood Cliff for sale. The association owns several parcels on either side of Greenwood Cliff, including its headquarters property at 1201 Greenwood Cliff, an approximately 46,000-square-foot office building that was constructed in 1970 and which also houses the Mingle…

Continue Reading >

Lincoln Harris seeks rezoning for mixed-use development at Charlotte Golf Links site

Lincoln Harris is seeking rezoning approval for a huge mixed-use development at the former Charlotte Golf Links property in south Charlotte that could include up to 900,000 square feet of office and retail space, a new K-8 magnet school, a recreational facility, multifamily units, single-family homes and senior living units. The Charlotte real estate firm is also hoping to accommodate a day-care facility and a police station on the site. The 188-acre property is at the intersection of Providence…

Continue Reading >