Midtown mixed-use project now a go after Charlotte City Council reconsiders

A rezoning request for a mixed-use project in midtown has been approved by Charlotte City Council, one week after the request was initially denied. Last week, the rezoning request, which faced a protest petition, fell short of the nine votes required for it to pass. The developer of the proposed project, Goode Properties, agreed to reduce the maximum height of a building along South Kings Drive to 100 feet, and the council agreed to reconsider the rezoning application. The maximum height recommended…

Charlotte apartment developers teaming up for Habitat build

Starting Friday, many of Charlotte’s most active apartment developers will work together on a single-family project for a good cause. A group of 11 companies are teaming up to build a house for Habitat for Humanity of Charlotte. Brian Natwick, president of Crescent Communities’ multifamily group and Habitat Charlotte’s board chair, recruited the organizations for the build in the Lincoln Heights neighborhood in west Charlotte. “We compete from time to time, but it’s great for us all to…

Office tower owners start lobby renovation, seeking restaurant

The owners of 400 South Tryon have started a $1.9 million lobby renovation at the uptown office tower and recently opened a new 4,000 square-foot fitness center. Trinity Capital Advisors and DRA Advisors, which purchased the 33-story building last year for $61 million, started the renovation this month and the work is expected to be complete by the end of this year. The updated lobby will feature materials such as white polished stone, porcelain, and zebrawood, and gathering spaces will feature…

Developers filing again for SouthPark development, shedding protest petition

Synco Properties Inc. and Schlosser Development Corp. are starting fresh with a rezoning request in SouthPark and shedding a protest petition against their planned mixed-use development at the site of The Colony apartment complex. Synco and Schlosser filed a rezoning application late last year for the 27-acre site, seeking approval for a project with up to 1,100 residential units, 250,000 square feet of office space, 300,000 square feet of retail space (including a grocery store) and a boutique…

Accounting firm in talks to lease space at new midtown office building

Accounting firm Elliott Davis Decosimo is in talks to lease up to two floors at 500 East Morehead, a seven-story office building that Beacon Partners is constructing, according to real estate sources. Elliott Davis is negotiating a lease for space on the sixth and seventh floors of the midtown Charlotte building, sources say. The firm currently leases space one block over in the 700 East Morehead building, located at the corner of East Morehead Street and Euclid Avenue. That four-story, 35,305-square-foot…

Charlotte City Council to reconsider mixed-use project for midtown

On Monday, Charlotte City Council will reconsider its decision to deny a rezoning request for a mixed-use project in midtown Charlotte. The request was denied earlier this week, despite receiving a majority of votes from the council. Goode Properties was seeking a rezoning for a 2-acre site at the intersection of Baxter Street and South Kings Drive for a development with potential uses including office, retail, hotel and residential units. Although the city’s zoning committee unanimously recommended…

Raleigh firm to start apartment complex uptown, flips parcel to Gramercy

Dominion Realty Partners plans to start construction soon on a five-story, 294-unit apartment project on a vacant block near uptown Charlotte's Gateway Village. The Charlotte Business Journal first reported earlier this year that the Raleigh-based commercial real estate firm was planning to develop the midrise complex on a 3.3-acre block bounded by Trade, Sycamore and Fifth streets and Irwin Avenue. The property is on the opposite side of Irwin from the Gateway Village development on West Trade. Dominion…

Childress Klein exec feeling ‘cautious’ about the real estate market

In preparation for Wednesday’s announcement of a $2.5 million gift to UNC Charlotte, commercial real estate firm Childress Klein put together a timeline of the company’s activity in the Charlotte region. Childress Klein, which has developed, leased and managed more than 42 million square feet of real estate, had never put together a company timeline before, and the list of projects includes the One Wells Fargo Center and Duke Energy Center buildings uptown, retail centers such as The Arboretum…

Grand opening for SkyHouse apartment tower set for next month

The developers of SkyHouse Uptown are hosting a grand opening event for the apartment tower next month. Early last year, Atlanta-based Novare Group, Grubb Properties and Batson-Cook Development Co. started construction on SkyHouse, a 24-story, 336-unit project at the corner of North Church and West 10th streets. The developers held a topping-out ceremony for the project in October, signaling the halfway point of construction. A second SkyHouse is in the works: Late last year, the developers purchased…

Childress Klein donates $2.5 million to UNC Charlotte’s Center for Real Estate

Commercial real estate firm Childress Klein has donated $2.5 million to UNC Charlotte’s Center for Real Estate, which will be renamed the Childress Klein Center for Real Estate in honor of the gift. The gift is the largest in the history of the center, which was established in 2005 to advance knowledge in real estate, public policy and urban economics. The center administers the school’s master of science in real estate program as well as the MBA concentration and certificate programs in real…