Developer of proposed 1 Brevard condo tower pleaded guilty to felony tax charges in 2011

This week, Boston developer Greg Rudolph of RTG Holdings attended a launch party for 1 Brevard, a condo tower he and his business partner plan to build at the corner of Brevard and Fourth streets. Four years ago, he stood in a federal court in Massachusetts and pleaded guilty to a felony charge of failing to report income in foreign bank accounts and depriving the IRS of $25,507 in taxes. In 2011, Rudolph was sentenced to one year of probation, including one month of electronic monitoring, and ordered…

Portman to start work on uptown office tower ‘any day now’

Portman Holdings expects to start work on its planned uptown office building “any day now,” an executive with the firm says. During a commercial real estate panel on Wednesday, Travis Garland, director of leasing at Portman, said he anticipates work for the 19-story office tower next door to The Westin Charlotte hotel will begin very soon. The 370,000-square-foot office tower, called 615 South College, will rise above the parking deck for The Westin Charlotte hotel, and the first few weeks…

Mixed-use project planned for NoDa’s ‘greenway district’

Flywheel Group, a development firm headed by Tony Kuhn, is planning a mixed-use project in NoDa that would ultimately be located along the light-rail line and overlook a greenway. This week, Flywheel won a rezoning for 15.5 acres along Matheson Avenue and Chick Godley Road. The new zoning will allow a mixed-use project that could include office, retail and residential units. Kuhn says the ideal mix for the site would feature about 200,000 to 250,000 square feet of office space, 40,000 square feet…

Developers planning 147-unit apartment complex in NoDa

A development company is planing to build a 147-unit apartment complex with 8,900 square feet of commercial space at North Davidson Street and Matheson Avenue and won rezoning approval Monday night for the 1.5-acre property. The five-story project at 2715 N. Davidson St. will feature three levels of residential units over two levels of parking. The commercial space will include the leasing office, a fitness center, and 1,500 to 2,000 square feet of retail that could accommodate a small coffee shop…

EXCLUSIVE: First look at 1 Brevard condo tower planned for uptown

The development team behind the proposed 1 Brevard condo tower in uptown Charlotte is kicking off sales for the project this evening with hopes of breaking ground early next year on the 29-story development. Boston-based developer Greg Rudolph of RTG Holdings and his longtime business partner, Robert Gunn of Gunn Financial, are planning to build the condo tower, the first in uptown Charlotte since the recession, at the corner of Brevard and Fourth streets. Plans for the 174-unit building include…

Levine Properties suspends construction at First Ward deck due to state funding issue

Levine Properties has suspended construction on a parking deck in Charlotte's First Ward due to a funding issue with the state of North Carolina. The firm started construction in April and will complete the footing and foundation work for a 1,335-space parking deck at 10th and Brevard streets. But it will not begin vertical construction, says Daniel Levine, who heads Levine Properties. That's because the firm has not received $4.2 million in equity funding from the state for UNC Charlotte, he says.…

Apartment complex with commercial space planned for South End

A 368-unit apartment project with retail and office space is planned for a site at the intersection of Dunavant and Hawkins streets in Charlotte's South End. Real estate firm White Point Partners owns 4.3 acres at the intersection that it acquired in 2014 for multifamily development. The firm bought the three industrial properties, located across Hawkins from the Junction 1504 apartment complex, for just over $4 million, records show. According to a filing with the city, the proposed development…

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…

Uptown office tower listed for sale

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 lands first office tenants at Capitol Towers

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,…