Real Estate
CLT home appreciation about the same as inflation over long-term
By Dave Yochum. David Blitzer, the managing director and chair of the Index Committee at S&P Dow Jones Indices, says the Charlotte housing market will continue to benefit from net in-migration. “You are picking up a fair amount of higher-end employment,” he said in an exclusive interview with Business Today. It likely means slow but […]
Aspire plans $32 million school complex in Huntersville
Aug. 8. Aspire Carolinas Foundation plans to build three schools for children with Asperger’s/autism, learning differences, and those looking for careers as well-qualified tradespeople. The total value of the project on Beatties Ford Road at Hambright will be in excess of $30 million at build-out. “These schools will offer educational options that are sorely needed, […]
Public meetings remain before path for Hwy. 73 is finalized
By Dave Vieser. Development along Hwy. 73 near Beatties Ford Road is stuck in the slow lane awaiting a decision on the preferred path for widening the key east-west connector. The road—much of it two lanes—supports commerce and commuters from Lincolnton to Huntersville to Concord and points east. The NCDOT and local towns have talked […]
Building for dog pub fetches $1.5 million
June 6. By Dave Yochum. A 12,699-square-foot property is going to the dogs, thanks to a Cornelius-based company. Lucky Dog Bark and Brew purchased an aging, single-user building in South Point Business Park for $1.5 million. “There was very little interest in this property from traditional office users because of the size of the building. […]
Finding solutions to workforce housing crisis
By Erica Batten. A “tidal wave” of rising home values is pricing housing out of reach for a wide range of ordinary people—everyone from musicians to teachers to firefighters. Case-Schiller says Charlotte single-family home prices rose 6 percent over the past year. Some neighborhoods are considerably higher, but the homes that rank and file workers want […]
Home on Jetton sells for $4 million
The highest-price transaction in North Meck so far this year is a $4 million deal for a 10,000 square foot lakefront home at 16909 Jetton Road, adjacent to The Peninsula in Cornelius. Lance Carlyle with Carlyle Properties listed the four-bedroom, five-bath estate. The house, which has a pool, a four-car garage, elevator and wine cellar, […]
Canadian firm tees up redevelopment of Birkdale Golf Club
May 16. By Dave Vieser. Romspen, the Canadian company that owns Birkdale Golf Club, will invest $45 million into the aging complex. Plans include replacing the clubhouse, the addition of up to 225 apartments and a 155 room hotel. The application for the project was filed within the past week, and faces a lengthy review and approval […]
Allen Tate raises $161K with Tate Cares campaign
April 24. Allen Tate Realtors have raised $161,000 for local arts and cultural programs and United Way agencies in North and South Carolina. The Tate Cares campaign was managed by Stephanie Gossett, Allen Tate regional vice president. Each year, agents and employees are given the opportunity to support local and regional arts and cultural organizations and […]
Finding solutions to workforce housing crisis
By Erica Batten. A “tidal wave” of rising home values is pricing housing out of reach for a wide range of ordinary people—everyone from musicians to teachers to firefighters. Case-Schiller says Charlotte single-family home prices rose 6 percent over the past year. Some neighborhoods are considerably higher, but the homes that rank and file workers […]
After Beaty St. fight, Davidson has variety of new projects
By Erica Batten. When Mayor Rusty Knox and a handful of members of the Davidson Board of Commissioners met last month with citizens for the informal coffee chat, the discussion centered on one topic: The 19-acre Beaty Street property owned by the Town. Plans to develop the property for residential and commercial use were scrapped […]
