Spectrum Properties held a groundbreaking ceremony today for a new 260-unit apartment community the firm is building near Park Road Shopping Center at the former Abbey Place apartments property.
Last year Spectrum won a rezoning for the site, just off the west side of Park Road, between Montford Drive and Mockingbird Lane in the Madison Park neighborhood. The new development will consist of three four-story wood-frame apartment buildings at the 9-acre site, with the first units expected to deliver…Spectrum breaks ground on Park Road apartment project
Spectrum Properties held a groundbreaking ceremony today for a new 260-unit apartment community the firm is building near Park Road Shopping Center at the former Abbey Place apartments property.
Last year Spectrum won a rezoning for the site, just off the west side of Park Road, between Montford Drive and Mockingbird Lane in the Madison Park neighborhood. The new development will consist of three four-story wood-frame apartment buildings at the 9-acre site, with the first units expected to deliver…
Liberty Property Trust has signed three new industrial leases totaling 192,600 square feet in Charlotte this month:
• Pilot Freight Services has signed a lease for 100,800 square feet at Charlotte Distribution Center South. The transportation and logistics company plans to relocate this spring from its current location at 8910 Pioneer Avenue. Frank Larsen of CBRE represented Pilot Freight Services, and Bryan Blythe represented Liberty.
• Lansing Building Products has expanded and relocated…
Charlotte-based Aston Properties has consolidated a portfolio of 17 shopping centers in North Carolina, South Carolina and Virginia under a new company called Aston Realty Investment Company and has secured a five-year $80 million unsecured credit facility with Wells Fargo & Co.
The new company is one of the state’s largest owners and operators of retail properties in the Carolinas.
The centers have an occupancy rate of more than 92% and are primarily anchored by grocery stores. The portfolio…
Faison Enterprises has sold two buildings in the Forest Park office park off West Arrowood Road.
Last month, a Florida real estate investor purchased the Accenture Credit Services building at Forest Park for $7.4 million.
Accenture Credit Services signed a lease with Faison Enterprises for 60,477 square feet at the building, also known as Forest Park XI, in 2014. The company’s mortgage processing operation is based at the park, located off West Arrowood Road.
Rob Cochran and Jared Londry of…
Westinghouse Electric Co., which recently purchased Chicago Bridge & Iron’s nuclear engineering business, may be on its way out at the First Citizens Bank Plaza building in uptown Charlotte, according to real estate sources.
Westinghouse closed on CB&I’s Stone & Webster division this month. While the Stone & Webster office in Charlotte will remain here as part of a new Westinghouse subsidiary called WECTEC, Westinghouse is unlikely to keep CB&I’s space at the uptown office tower, sources say.…
Developer and architect David Furman is dusting off plans for an apartment project near BB&T Ballpark.
About 10 years ago, Furman had a site under contract at the corner of Graham Street and Martin Luther King Jr. Boulevard for a project called “Home Plate Lofts.” Now Furman, head of development firm Centro Cityworks, is working to resurrect the development, according to real estate sources.
Commercial photography firm Clear Sky Images recently took a series of photos called “Home Plate Lofts,”…
For boosters of uptown Charlotte, these are heady times.
Charlotte Center City Partners has released its 2016 State of the Center City report, which highlights the growth and development of uptown, South End, and a portion of midtown, and the numbers are all trending up.
A few of the highlights:
•3.5 million square feet of office space under construction or planned.
•2,251 new hotel rooms under construction or planned, which would represent an increase of 46%.
•8,772 residential units…
The firms behind a proposed mixed-use development at the site of The Colony apartment complex in SouthPark plan to start construction in 2017.
Synco Properties Inc. and Schlosser Development Corp. won a rezoning for the 27-acre property last night, with Charlotte City Council members voting unanimously in favor of the request. The rezoning allows the two firms to build up to 990 residential units, 250,000 square feet of office space, 225 hotel rooms and 300,000 square feet of retail space at the…
Members of Charlotte City Council will be voting on some high-profile rezoning requests tonight at their monthly zoning meeting. Here's a few of them. The city's zoning committee and planning staff have recommended that council approve the following:
Dimensional HQ: Cousins Properties is seeking a rezoning in order to build a regional headquarters for investment firm Dimensional Fund Advisors on a 2.3-acre site in South End that’s home to The Common Market — a popular food, beer and wine shop…