Condo, duplex project planned for Dilworth site

A company called Rockwell Capital is planning a 45-unit condo building and 16 duplex units for a 2.7-acre site in Dilworth. Bordered by Atheron Street, Euclid Avenue and Marshall Place, the site is located near several commercial properties on South Boulevard, including Mac’s Speed Shop. Rockwell Capital, which is headed by residential real estate agent Julie Lowe, is seeking a rezoning for the assembled land and plans to build a 45-unit condo building at the corner of Atherton and Euclid, where…

Charlotte Housing Authority seeks development proposals for prime site

The Charlotte Housing Authority is seeking development proposals for a 16-acre site in Dilworth where the organization envisions a mixed-use, mixed-income project featuring office, retail and a variety of residential units. The authority’s development subsidiary, Horizon Development Inc., is issuing a request for proposals for the site, which is anchored by the authority’s Strawn Tower and is bordered by South Boulevard, Templeton Avenue and Euclid Avenue. The Strawn building provides affordable…

AIG, Trinity Capital to acquire Toringdon office park for $114 million

Insurance company American International Group Inc. (AIG) and Trinity Capital Advisors have agreed to purchase the six-building Toringdon office park in south Charlotte for $114 million, according to real estate sources. Charlotte-based Trinity Capital and its joint-venture partners, Stockbridge Capital Group and Madison International Realty, listed the park for sale this summer. Walker Collier, a partner at Trinity Capital, declines to comment on AIG but confirms the Charlotte firm was asked to…

Selwyn Property Group to start work on Dilworth townhome project

Selwyn Property Group is preparing to start demolition and site work next month at the corner of Kenilworth Avenue and Pierce Street in Dilworth, where the firm is planning to develop an eight-unit townhome project called 1500 Kenilworth. The mix of three-story units will include a couple of two-bedroom, 1,400-square-foot units priced in the high $300,000’s; several three-bedroom, 1,700-square-foot units priced from $450,000 to $475,000; and one four-bedroom, 2,500-square-foot unit at the corner…

U.S. National Whitewater Center makes big land acquisition

The U.S. National Whitewater Center is adding to its land holdings in a big way. This week, the nonprofit outdoor recreation center, located just west of interstate 485, purchased 488 acres around its facility for $5.3 million from Clariant Corp. About half of the acreage is on either side of Whitewater Center Parkway, between the recreation center and Belmeade Drive, while the remainder is located to the north, between Belmeade Drive and Mt. Holly Road. Eric Osterhus, communications and brand…

Report: Charlotte craft-beer real-estate footprint ranks #1 for growth

It’s no secret that Charlotte’s beer scene is growing, but a new report from real estate firm Colliers International indicates the industry’s real estate footprint here is one of the fastest growing in the country. In an October report titled “Craft Beer Pours into Commercial Real Estate,” Colliers looked at the growth of craft breweries in 29 markets and measured the industry’s real estate footprint in those cities along with square footage growth rate in recent years. The survey showed…

Abundant Power focusing on building data, tenant comfort, hires head of real estate engagement

Abundant Power got its start as a clean-energy financial firm, but now the Charlotte-based company is using data to empower building owners to improve tenant comfort. Headed by Shannon Smith, Abundant Power pivoted into data analytics about two years ago and recently hired real estate veteran Jimmy Flowers as head of real estate engagement. Flowers, who was most recently advising a Chicago-based firm on its real estate investments, will focus on marketing the firm’s services to building owners…

Wilmington health-care company eyeing SouthPark for mixed-use development

A Wilmington-based health-care company appears to be exploring the development of a mixed-use project in SouthPark that would include a continuing-care retirement center. A new development called “Liberty Southpark” is being planned for a 10.5-acre site behind the SouthPark Towers on Fairview Road, according to real estate records. The site is owned by Atlanta-based Reynolds Capital Group and is bounded by Piedmont Row Drive South and Barclay Downs Drive. The project would include a continuing-care…

Industrial sale, apartments top list of October’s biggest commercial deals (SLIDESHOW)

Charlotte’s largest commercial real estate transactions last month included a first-time purchase by a California investment firm as well as big sales in University City and South End. The $57 million sale of Woodland Business Park topped the list of commercial deals in October, according to American City Business Leads, a division of American City Business Journals, the parent company of the CBJ. Evergreen Industrial Properties, based in Oakland, Calif., purchased the park from Dallas-based Crow…

Citisculp and Knox Group plan first quarter start for building, hire CBRE

Two Charlotte real estate firms plan to break ground on a 64,000-square-foot office and retail building in the first quarter of 2016 and have hired CBRE Group Inc. to lease the project. CitiSculpt and The Knox Group plan to start construction early next year on the 1213 Morehead building, which will be located on West Morehead, across from the southbound I-77 exit ramp. The two firms announced the project earlier this year. The building will feature ground-floor retail space and 55,000 square feet…