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Charlotte Business Journal – March 16, 2007
A $350 million development that could include as many as 1,500 homes is taking shape at the southern end of South Boulevard, near the starting point of the south-corridor light-rail line. Local developer Harris, Murr & Vermillion envisions a village with a mix of housing that would include apartments, condominiums and townhomes. The sizes and prices of units haven’t been determined.
Because of the major presence and sophistication of the real estate and financial service industries in Charlotte, there is a need for practical and academic research on real estate topics of concern to the real estate community. Additionally, there is a growing regional demand for employees with graduate level education in real estate finance and development. Specifically, highly-trained employees are needed for positions in appraisal, brokerage, lending, consulting, market research, development, financial analysis and capital markets.
The county’s west side has witnessed a rebirth in housing, recreational and commercial development in past year or so. Completion of the southwestern loop of Interstate 485 has reintroduced the area to developers, commercial businesses and home buyers, says Carl Van Horn, a residential real estate analyst at Rocky Mount-based Market Opportunity Research Enterprises.
Charlotte Business Journal – March 9, 2007
The McAlpine Group is drawing plans for a $70 million, 130-unit townhome project in south Charlotte, hoping to capitalize on the area’s rapid growth.
The unnamed project, proposed for an 18-acre site at Providence Road West and Old Ardrey Kell Road, will feature a range of luxury models starting in the $400,000s for about 3,000 square feet.
SailView, a new Crescent Resources community, rests on Lake Norman’s western shore in Lincoln County. The community offers peaceful surroundings, yet it’s conveniently located near Charlotte and the northwest section of Mecklenburg County, which is one of the fastest-growing areas.
SailView is perfect for those with active lifestyles, yet it’s also a great place to find peace and tranquility. Residents enjoy a host of amenities, including a swim and tennis club overlooking the lake, an 8-acre park with a kids’ playground and exercise station, close access to a public boat launch and a strong sense of community.
721 Morrison is a mixed use community located in the heart of Myers Part and two blocks from upscale Southpark Mall. The development offers one-, two- and three-bedroom plans in 13 different styles. A number of units are available and pricing range from the low $200’s to the low $400’s.
Funds to support practical regional development strategies
The Center for Real Estate at The University of North Carolina at Charlotte has received grants to fund two research projects aimed toward streamlining the Charlotte region’s planning and development.
The first project, funded by the Crosland Foundation, is titled “Applying Tax Increment Financing (TIF) in the Charlotte Region,” which the Center for Real Estate will conduct jointly with the UNC Charlotte Urban Institute. In 2004, North Carolina voters approved an amendment to the state constitution giving local government the ability to issue TIF (termed “self-financing bonds” in North Carolina), for economic development purposes.
An incredibly beautiful, nine-acre estate is the setting for Rosewood, a superlative community of condominium homes in South Charlotte, close to the heart of Uptown. The legacy of this land is woven into its future. Nestled beneath a canopy of venerable hardwoods, the beloved rose gardens of the late Oliver and Marie Rowe still paint the landscape at Providence and Sharon Amity. And from this family story Rosewood takes its name.
Novare Carolinas Development, a division of Novare Group, one of the leading developers of high-rise urban residential communities in the U.S., today pledged $1 million toward the proposed new park in Charlotte’s Third Ward. The pledge will be fulfilled once the current land-swap proposal being considered by Mecklenburg County is adopted. Funds will be administered by Partners for Parks, a non-profit, nonpartisan support group that seeks to promote and enhance parks and recreation throughout Mecklenburg County and the surrounding region.
