A Charlotte developer is using real estate crowdfunding to raise capital for a new 27-unit townhome development in SouthPark.
Saratoga Asset Management, headed by Ray Wetherington, is planning to build the project on a 2.6-acre site at the southwest corner of Fairview and Closeburn Roads, between Park Road and Park South Drive. Saratoga is under contract to purchase the site, which was rezoned last year, and is teaming with custom homebuilder Simonini Homes on the development, called SouthPark City…SouthPark townhome development using real estate crowdfunding to raise capital
A Charlotte developer is using real estate crowdfunding to raise capital for a new 27-unit townhome development in SouthPark.
Saratoga Asset Management, headed by Ray Wetherington, is planning to build the project on a 2.6-acre site at the southwest corner of Fairview and Closeburn Roads, between Park Road and Park South Drive. Saratoga is under contract to purchase the site, which was rezoned last year, and is teaming with custom homebuilder Simonini Homes on the development, called SouthPark City…
The owner of First Citizens Bank Plaza has listed the uptown Charlotte office tower for sale.
The 23-story building at 128 S. Tryon St. totals 476,987 square feet and is 62% occupied. Michigan-based real estate firm Osprey Investment Co., which owns the tower, has hired commercial real estate capital markets firm HFF Inc. to market the building for sale along with an office property that Osprey owns in Sarasota, Fla.
The largest tenant at First Citizens is CB&I, which occupies nearly 180,000 square…
Lincoln Harris has landed its first office tenants at Capitol Towers.
Accounting firm Dixon Hughes Goodman and investment management firm Sterling Capital Management have both signed leases at the SouthPark development, where the first 10-story office tower is nearing completion.
Sterling Capital has signed a lease for approximately 22,000 square feet on the top floor, and DHG is taking about 40,000 square feet on the eighth and ninth floors.
The first tower, totaling roughly 240,000 square feet,…
The local residential real estate market continues to heat up, according to the monthly activity report released Thursday by the Charlotte Regional Realtor Association.
Home sales in the Charlotte region jumped 22.1% in June from a year earlier, the association reported — a figure that surpasses the year-over-year gains posted in recent months. Data from the Carolina Multiple Listing Service show 4,434 homes were sold in the area last month, up from 3,630 sold in June 2014.
On a month-to-month…
Dimensional Fund Advisors, an investment firm based in Austin, Texas, will locate its East Coast regional headquarters in Charlotte, creating 316 jobs and investing $105 million in a new facility.
DFA will be hiring investment managers, IT specialists and sales professionals, among others, said N.C. Gov. Pat McCrory, who called the firm a great addition to the state’s portfolio of financial companies.
McCrory said DFA will receive $10.3 million in incentives, contingent on the creation of the…
The owner of the Melrose Place apartments on East Woodlawn Road, near the intersection of Park Road, is seeking zoning approval to build a new complex with up 265 units on the property.
The rezoning would be for a 2.9-acre site between Woodlawn Road and Drexel Place that would include the 54-unit Melrose Place site as well as four single-family residential properties behind it. The application was filed by 1351 Woodlawn, a limited liability company that owns the Melrose Place property and is managed…
Dallas-based Stream Realty Partners is under contract to purchase the AT&T Plaza building in uptown Charlotte, according to real estate sources.
The owners of the 350,000-square-foot building listed it for sale earlier this year. AT&T Inc. (NYSE:T) is vacating the building and relocating its employees to properties off Tyvola Road, creating a large block of vacant office space.
Stream Realty Partners opened a Charlotte office in 2013 and partnered with Origin Capital, a Chicago-based real estate…
Levine Properties and Raley Miller Properties are looking to bring a grocery store to the corner of Providence and Fairview roads in Charlotte.
The two firms, which are planning a mixed-use development at the intersection, have included space for a grocery store in a revised site plan filed with the city. The grocery store would be located at the corner of the property, along Fairview, according to the plan.
The revised site plan states that the firms are seeking a rezoning for nearly 11 acres…
Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE), which is in the midst of an expansion, has leased a 71,280-square-foot industrial building in north Charlotte for its call-center group and plans to relocate 160 employees there this fall and add 140 more workers at the facility over time.
The Charlotte-based company is the largest independent bottler of Coca-Cola products in the U.S. and is adding new franchise territories to its footprint. The company, which operates in 12 states, added territories…
Studio Fusion, an architecture and interior design firm based in Charlotte, has leased 5,075 square feet at the Camden Grandview building on East Morehead Street.
The firm, which has 14 employees, was previously located in approximately 2,500 square feet at the Providence Plaza building, at the intersection of Providence and South Sharon Amity roads.
Due to recent growth, Studio Fusion needed additional space and was also looking for a more central location that would provide flexibility and convenience,…