Charlotte real estate firm Beacon Partners plans to build a seven-story office building with ground-floor retail on East Morehead Street, next door to the Dowd YMCA, with construction expected to start later this year.
The proposed building at 500 E. Morehead St. would total 180,000 square feet and would feature 15,000 square feet of retail space, with plans for a coffee shop, casual lunch spot and an upscale restaurant, all with outdoor seating areas along a pedestrian plaza fronting Morehead.…Beacon Partners to develop office building on East Morehead
Charlotte real estate firm Beacon Partners plans to build a seven-story office building with ground-floor retail on East Morehead Street, next door to the Dowd YMCA, with construction expected to start later this year.
The proposed building at 500 E. Morehead St. would total 180,000 square feet and would feature 15,000 square feet of retail space, with plans for a coffee shop, casual lunch spot and an upscale restaurant, all with outdoor seating areas along a pedestrian plaza fronting Morehead.…
The Dilweg Cos., a commercial real estate firm based in Durham, has purchased the Johnston Building in uptown Charlotte for $25.3 million.
The 17-story historic building at 212 S. Tryon St. totals 172,382 square feet and is more than 84% occupied. Major tenants include Carlisle & Gallagher Consulting Group, the Office of the Comptroller of the Currency, Montreat College and Fifth Third Bank.
"We believe the Johnston Building's unique design, history and central location make it attractive to the…
Pepsi Bottling Ventures has hired Cushman & Wakefield | Thalhimer to market its South Boulevard property in Charlotte for sale as a potential redevelopment site.
The property includes the bottling facility property, located on 5.2 acres at the intersection of South Boulevard and New Bern Street, as well as a 0.91-acre property at the intersection of Poindexter Drive and South Boulevard.
Bill Simerville, an investment sales specialist with Cushman & Wakefield | Thalhimer, says formal marketing materials…
Apartment development firm Terwilliger Pappas is evaluating a 3.5-acre site at the corner of South Boulevard and Remount Road in Charlotte's South End for a new multifamily complex.
The land at the corner of South and Remount is owned by a limited liability company called Cherokee Southline that is managed by Pappas Properties. Both Terwilliger Pappas and Pappas Properties are headed by developer Peter Pappas.
A Terwilliger Pappas spokesman says the development plans have been accelerated by the…
Here's an update to a story I wrote a year ago about Coliseum Center, the largely vacant retail center located on East Independence Boulevard: The downtrodden property has a new owner, but it's not the Texas firm that had it under contract back in February 2014.
Last year, FMOC, a Texas real estate investment firm, was under contract to buy the 218,000-square-foot Coliseum Center property and was planning $15 million in renovations for the center, including a new facade, new roofs, exterior lighting,…
Charlotte's apartment vacancy rate increased to 5.1% during the fourth quarter, up from 4.9% in the third quarter and 4.6% a year earlier, according to commercial real estate research firm Reis Inc.
It's the first time the local vacancy rate has risen above 5% since the end of 2012, according to the firm's data. At the end of 2012, the local vacancy rate stood at 5.3%, but it dropped below 5% for all of 2013 and through the first three quarters of 2014.
Nationally, the average vacancy rate was…
A Charlotte developer is planning a new residential project along Queens Road in Myers Park, near the intersection of Granville Road.
Residential developer Brian Speas of The Carnegie Co. is planning the project, called Nolen Place, for a 2-acre site at 1200 Queens Road. According to real estate filings, the developer is planning nine condo units with carports for approximately 1.3 acres on the side of the property closest to Granville.
Speas declined to comment on his plans, but the site, zoned…
Charlotte Center City Partners is taking more space in the 200 South Tryon building in uptown Charlotte and has extended its lease by an additional 10 years.
The organization, which promotes economic development in uptown Charlotte, is taking the entire 16th floor of the building, expanding from 7,413 square feet to just over 10,000 square feet. CCCP is taking a space formerly occupied by Karnes Research Co., which relocated to the 15th floor.
Charlotte Center City Partners is about to select a…
FCA Partners, the real estate investment management firm that spun out of Faison Enterprises last year, recently completed the sale of a portfolio of self-storage properties for nearly $57 million. And this year, the Charlotte firm plans to sell a couple of the apartment projects that Faison has developed for an FCA pension fund client in recent years.
FCA Partners recently sold the portfolio of seven self-storage properties to Extra Space Storage Inc., a real estate investment trust based in Salt…