Real Estate
New development faces challenges in slow-growth era
NEWSMAKERS BREAKFAST | JUNE 22 Three Lake Norman leaders—a developer, a former Huntersville mayor and a sitting town commissioner in Cornelius—will discuss the state of development amidst the current climate in and around Lake Norman at a Newsmakers Breakfast June 22 at The Peninsula Club. The event features: John Aneralla, former mayor of Huntersville Colin Furcht, a current […]
Developer seeks damages in libel suit
June 2. Developer Jake Palillo is suing two people for over comments on social media that he says crossed the line into libel. The Lagoona Bay project has been endorsed by the Lake Norman Chamber of Commerce. Palillo is in the midst of planning the $800 million Lagoona Bay project in Huntersville on either side […]
By the numbers: Affordable housing and how to do it
May 31. Charlotte ranks in the top 20 percent of most affordable cities for housing in the United States. A new survey from WalletHub says the Charlotte region is 52nd out of 300 US cities in terms of most affordable cities for home buyers. With the median home sales price nationwide soaring from $313,000 at […]
House hits the market at $7 million
May 28. A five-bedroom house at the end of Bethelwood Lane has hit the market for $7 million. The lakefront home, which has sunset views, was listed by Ben Bowen of Premier Sotheby’s International in Cornelius. Built in 2015, the five-bath home is assessed at $4.6 million, according to Mecklenburg County tax records, which indicate […]
Lakefront home sells for record price per square foot
April 5. After extensive renovations, a lakefront house in The Peninsula that transacted at $1.4 million in 2019 has sold for $3.8 million after two months on the market. It’s a record price based on square footage. The 3,884 square foot home at 17605 Spinnaker’s Reach sold for more than $900 a square foot, according […]
Congress for the New Urbanism will tour Birkdale Village, other LKN sites
March 14 [Updated March 15]. Birkdale Village has been selected for a tour during the 31st annual Congress for the New Urbanism happening in Charlotte May 31-June 3. In collaboration with Michael Dunning, founder of Charlotte-based MEND Design Collective and former Shook Kelley architect on Birkdale’s original project team, North American Properties will host the national […]
Fast-growing NSI has moved into 152,000 sq. ft. facility in Huntersville
Dec. 7. Huntersville-based NSI Industries, a leading provider of electrical, HVAC, and building technology product solutions, has officially moved into its new 152,000-square-foot headquarters and distribution center on Reese Boulevard. “NSI has grown exponentially over the past several years, and we needed both office and distribution space to accommodate that growth,” explained G. R. Schrotenboer, […]
Allen Tate FUNday raises $145,000 for education
Nov. 29. The Allen Tate FUNday raised more than $145,000 during four fall events, after a two-year COVID hiatus. This fall’s events included a Western-themed gathering, “Boots and Buckles,” at Legacy Stables and Events in Winston-Salem; a casual outdoor event, “Food Trucks and Field Day,” at The Mint Museum Randolph; a retro-themed social, “Dance Through […]
Plans for hotel, offices, new parking would transform Birkdale again
Oct. 18. By Dave Yochum. If you think of Birkdale Village as you would a house, the 20-year-old property needed a renovation. That’s complete, but now there are plans for major remodeling and expansion. North American Properties (NAP), which purchased the mixed-use center in Charlotte with the intention of creating an entirely new experience, celebrated […]
North Carolina estate hits the market for nearly $30 million
Oct. 5. A magnificent mountaintop estate known as Lazy Bear Lodge is on the market for $29.75 million—the most expensive estate property in the Carolinas. The home of the late Chuck Weber, a real estate developer who died last year, it sits on 5.86 acres atop a ridge in Linville Ridge Country Club at an […]
