This week marked the opening of First Ward Park, a new 4-acre park located along Brevard Street between ImaginOn and UNC Charlotte’s center city building. Developed by Levine Properties and Mecklenburg County, the park is expected to anchor a larger mixed-use redevelopment of eight blocks owned by Levine in the First Ward neighborhood.
The county is scheduled to take ownership of the park later this month, with Levine swapping the park property in exchange for a county-owned block bounded by Eighth…With First Ward Park open, what’s next for Levine Properties?
This week marked the opening of First Ward Park, a new 4-acre park located along Brevard Street between ImaginOn and UNC Charlotte’s center city building. Developed by Levine Properties and Mecklenburg County, the park is expected to anchor a larger mixed-use redevelopment of eight blocks owned by Levine in the First Ward neighborhood.
The county is scheduled to take ownership of the park later this month, with Levine swapping the park property in exchange for a county-owned block bounded by Eighth…
The construction of a planned 20-story hotel above the Carolina Theatre will occur simultaneously with renovations at the historic theatre, with both projects expected to start in mid-2016 and open in 2018, according to executives with Foundation for the Carolinas and Valor Hospitality Partners.
The nonprofit foundation announced yesterday that it had selected Valor to develop the 200-room hotel above the Carolina Theatre. The foundation will lease the air rights to Valor, generating a revenue stream…
The Foundation For The Carolinas has selected Valor Hospitality Partners to develop a 20-story, 200-room hotel above the Carolina Theatre.
The foundation will lease the air rights for the hotel to Valor, generating revenue for the nonprofit, which purchased the uptown property at the corner of Tryon and Sixth streets from the city for $1 in 2013. The hotel is expected to generate an estimated $1.4 million in tax revenue annually, according to the foundation, which will not invest in the hotel.
The…
Google Fiber has leased the historic Philip Carey building, last occupied by Dixie’s Tavern, in uptown Charlotte.
The company put up signs at the building today to coincide with the opening of First Ward Park, and Google Fiber is expected to move into the 12,000-square-foot space at the end of January, says Daniel Levine, head of Levine Properties, which owns the property. Google Fiber is currently working out of temporary space at the Transamerica Square building on North Tryon Street.
Earlier…
A company called Rockwell Capital is planning a 45-unit condo building and 16 duplex units for a 2.7-acre site in Dilworth.
Bordered by Atheron Street, Euclid Avenue and Marshall Place, the site is located near several commercial properties on South Boulevard, including Mac’s Speed Shop. Rockwell Capital, which is headed by residential real estate agent Julie Lowe, is seeking a rezoning for the assembled land and plans to build a 45-unit condo building at the corner of Atherton and Euclid, where…
The Charlotte Housing Authority is seeking development proposals for a 16-acre site in Dilworth where the organization envisions a mixed-use, mixed-income project featuring office, retail and a variety of residential units.
The authority’s development subsidiary, Horizon Development Inc., is issuing a request for proposals for the site, which is anchored by the authority’s Strawn Tower and is bordered by South Boulevard, Templeton Avenue and Euclid Avenue. The Strawn building provides affordable…
Insurance company American International Group Inc. (AIG) and Trinity Capital Advisors have agreed to purchase the six-building Toringdon office park in south Charlotte for $114 million, according to real estate sources.
Charlotte-based Trinity Capital and its joint-venture partners, Stockbridge Capital Group and Madison International Realty, listed the park for sale this summer.
Walker Collier, a partner at Trinity Capital, declines to comment on AIG but confirms the Charlotte firm was asked to…