A proposal for a boutique hotel inside an existing uptown Charlotte building is hitting some resistance from the owners of office condos there.
Building owner, The Simpson Organization of Atlanta, has proposed selling about 40 percent of the Tryon Plaza building to a local developer who wants to bring a Hotel Indigo to the structure.
The 120-room hotel would take a portion of the lobby and eight floors interspersed among the 22 floors of the building. The plan also calls for a fourth-floor restaurant…Hotel Indigo proposed for uptown hits resistance
A proposal for a boutique hotel inside an existing uptown Charlotte building is hitting some resistance from the owners of office condos there.
Building owner, The Simpson Organization of Atlanta, has proposed selling about 40 percent of the Tryon Plaza building to a local developer who wants to bring a Hotel Indigo to the structure.
The 120-room hotel would take a portion of the lobby and eight floors interspersed among the 22 floors of the building. The plan also calls for a fourth-floor restaurant…
The office portion of South End's pink building has been sold for $7.4 million.
Cushman & Wakefield announced today the sale of The Arlington, a 34,618-square-foot office building at 325 Arlington Ave., to East West Capital, a private equity investment firm based in Asheville.
This is the third office building East West Capital has purchased in the Charlotte market in the past 18 months. The firm purchased the Boxer Building for $4.67 million last year and the Carolina School Supply Building for…
A planned infill townhouse development in west Charlotte will begin pre-sales at an event this week.
Grandin Heights, a 43-unit community that will soon break ground in Wesley Heights, is hosting a community launch event from 4:30 p.m. to 6 p.m. Wednesday at 1422 W. Fourth St. Grandin Heights is being developed by Hopper Communities, also at the helm of a 53-unit townhouse project under construction on Youngblood Street in south Charlotte called SouthPoint at South End. That project’s architect,…
Charlotte-based Crescent Communities recently announced the appointment of Jason LaBonte as senior vice president of finance and investments for its multifamily group.
In his new position, LaBonte will manage the debt and equity capitalization of Crescent’s planned multifamily communities.
Crescent has 16 communities, totaling approximately 5,000 units, in various stages of planning across its footprint throughout the Sun Belt. The estimated cost for the communities, which are projected to start…
More needs to be done to support small businesses in North Carolina, N.C. Department of Commerce Secretary John Skvarla told the crowd gathered Wednesday for the N.C. Economic Developers Association Mid-Winter Conference.
“Everybody’s looking for the major manufacturer,” he said. “The problem is, when you find one, everyone’s trying to harpoon that same whale.”
And when 80% of the jobs in the United States are based in small businesses, he said, supporting those ventures becomes paramount.
“If…
Durham real estate investment group The Dilweg Cos. has sold a pair of office buildings in Charlotte's SouthPark market for $46.5 million. The sale price was a 39% premium over the $33.5 million that Dilweg paid in 2013 for the Class A office buildings in 2013.
The two buildings, the 10-story One SouthPark Center and the five-story Two SouthPark Center offices on Piedmont Row Drive, were 96% and 95% occupied, respectively, at the time of the deal. Engineering construction company Fluor is an anchor…