Real Estate
Classica puts W. Catawba proposal on hold
April 29. By Dave Vieser. Classica Homes has put its rezoning request for 40 attached, age-restricted homes on hold due to new information just received from the state DOT regarding the future widening of West Catawba. As a result, there won’t be a public hearing or any decision on their application at the Monday May 2 Cornelius Town […]
Renovations up as Baby Boomers depart from grandparents’ choices
By Erica Batten. Renovating before selling is a must for Baby Boomers looking to downsize even if they don’t plan on moving any time soon. Stephanie Gossett, regional vice president of Allen Tate’s Lake Norman region, said Boomers, identified as people born between 1946 and 1964, want the same amenities as those in the market for […]
Another new hotel planned for west side of Cornelius
A prototype Bojangel’s Hotel with 215 rooms and 25 extended stay suites will open in Kenton Place on three acres of property straddling the border of Huntersville and Cornelius. “We are pleased to bring a new travel option, not just to the Charlotte market, but to America,” said Bojangel’s spokesman A.J. Liebling. The new hotel […]
City Officials Consider First Major Downtown Project
March 29. The Kannapolis City Council is considering approval of what would be the first major Downtown Revitalization project. In September 2015 the city purchased 50 acres of land and buildings in the downtown core. A master development plan has been underway since that time with the city completing a market analysis, a site analysis and […]
UpTown Suites flagship is being built in Concord
By Marty Price. InTown Suites broke ground on its newest upscale brand, UpTown Suites, on Jan. 29 in Concord. The new offering will have, “A higher level of service with a higher level of product,” said Jon Pertchik, CEO of InTown Suites. Indeed, the new Concord location is the flagship for the new brand. Eight to […]
New hotel a ‘game-changer’ for Cornelius
March 10. By Dave Vieser. A 14-story hotel and convention center planned for West Catawba Avenue and Waterview Drive in Cornelius has gotten an informal—but cautionary—thumbs-up from the chairman of the Cornelius Planning Board. “This would be a game-changing facility for this town,” said Planning Board Chairman Brian Simmons. “Though 14 stories would be a tough sell.” […]
Charlotte proximity, lake, weather drive market
The S&P/Case-Shiller index shows prices increased 5.4 percent year over year in December 2015 vs. a 5.2 percent increase the month before. A 20-city composite showed a year-over-year gain of 5.7 percent in November and December. Portland led the way with an 11.4 percent year-over-year price increase, followed by San Francisco with 10.3 percent and […]
Speculative building: Some winners, some not so much
By Marty Price. Concord Mayor Scott Padgett sees the boom in speculative building as a sign of a strengthening economy that will lead to more jobs in Concord as well as Cabarrus County. “We went from needing speculative buildings to now having more than 1 million square feet of buildings ready with more being built,” he […]
One of the largest residential sales in Mecklenburg County in 2015 was in Cornelius.
A 9,866-square foot lakefront home at 16709 Tinker Place sold in December for $3.7 million. Tinker is a small street off Molly Pop Lane, where race driver Denny Hamlin is building a 30,000 square foot house. The three-level, seven-bedroom mansion that sold Dec. 17 was built in 2012. The seller and builder was Jamie Rolewiscz […]
Real estate outlook is stellar, due to in-migration, economy
It looks like home sales and home prices will rise faster than the national average here because of continuing in-migration. Indeed, Charlotte and parts of the South and Midwest will do better than other parts of the country because of affordability and appeal to a younger set of buyers. It all bodes well for the […]
