Over the past few years, big ideas have been tossed about on what to do with the property on Charlotte’s east side that was once home to Eastland Mall. But none of those plans have become reality.
Charlotte and Mecklenburg County officials on Thursday revisited the possibilities for that 80-acre property, which has stood vacant since 2005 and is now owned by the city, according to local news outlets.
WBTV reports one of the proposals being considered would fill the property with an elementary…Redevelopment of Eastland Mall site revisted
Over the past few years, big ideas have been tossed about on what to do with the property on Charlotte’s east side that was once home to Eastland Mall. But none of those plans have become reality.
Charlotte and Mecklenburg County officials on Thursday revisited the possibilities for that 80-acre property, which has stood vacant since 2005 and is now owned by the city, according to local news outlets.
WBTV reports one of the proposals being considered would fill the property with an elementary…
Young renters will demand the type of ultra-high-speed Internet service that Google Inc. (NASDAQ:GOOG) is bringing to Charlotte, but real estate developers need to preserve their options as they build. They also need to remain flexible in their agreements with such tech providers.
Those were a couple of the observations by panelists at an event this morning hosted by the Urban Land Institute titled “Real Estate and the Future of Connectivity.”
Google Fiber, the gigabit-speed Internet service…
A New York real estate investor has purchased a 10,000-square-foot retail building on South Mint Street for $1.09 million and is planning renovations designed to attract new tenants.
A company managed by Richard Robbins bought the property last month, and Robbins plans to put a new facade on the building, which is at the intersection of South Mint and West Summit Avenue.
Matt Greenspon of Marcus & Millichap, who represented Robbins on the purchase, says a yoga studio and some restaurants have expressed…
Mainstreet Capital Partners and Goldman Sachs Group Inc. have listed 11 office buildings at Water Ridge Office Park off West Tyvola Road for sale.
The buildings at Water Ridge, formerly known as LakePointe Office Park, total 844,958 square feet and are 82 percent occupied to tenants that include The Vanguard Group, SunTrust Banks Inc., Carolinas HealthCare System, Publix Super Markets and Midrex Technologies Inc.
The owners have hired investment sales firm HFF to market the buildings, and the portfolio…
When new real estate developments meet resistance, it’s typically homeowners who live in the surrounding neighborhoods that provide the pushback. But an unusual situation has developed in SouthPark, where a trio of commercial developers and real estate owners are opposing a planned mixed-use development at the site of The Colony apartment complex at the corner of Colony and Sharon roads.
Cameron and Dee-Dee Harris, who own three retail properties along Morrison Boulevard, have signed a protest…
Charlotte apartment firm Northwood Ravin is planning a six-story apartment complex with ground-floor retail at 500 W. Trade St., the site of the vacant James K. Polk building, according to real estate records.
The building is at the intersection of Trade and Graham streets, and the remainder of the 2.7-acre block consists of surface parking. David Ravin, president and CEO of Northwood Ravin, targeted the property for a new apartment project in 2008 as president of Crosland’s residential division.
Back…
Grubb Properties has purchased the Park Seneca building in Charlotte for $8.15 million.
The 109,674-square-foot building, located at the intersection of Park Road and Mockingbird Lane, is 86% leased. Healthgram is the largest tenant, occupying 34,953 square feet.
The Park Seneca building is next door to a six-story office building at 4601 Park Road that Grubb and real estate investment firm Foothills Capital bought for $9.65 million last year.
Adam Russ of Colliers International represented the…
The developer working on a new condo tower in uptown Charlotte says it would be the first of two residential buildings he’s planning for a site on Brevard Street.
Greg Rudolph, head of Boston-based RTG Holdings, says a 28-story, 180-unit condo tower would be the first phase of his planned development for a 1.7-acre site at the corner of Brevard and Fourth streets. The second building would either be apartments or condos, depending upon market conditions, he says.
The first tower, which I wrote…
As Bank of America Corp. (NYSE:BAC) outsources more work to CBRE and JLL, the world’s two largest real estate services firms, hundreds of employees within the bank’s corporate real estate group will also be moving over to those companies.
The move will affect a few hundred employees within the bank’s corporate workplace group, spokeswoman Jennifer Darwin says. The majority of those employees will be offered positions at CBRE (NYSE:CBG) or JLL Inc. (NYSE:JLL), depending upon their location.…
Bank of America Corp. (NYSE:BAC) has hired JLL (NYSE:JLL) to handle all corporate real estate services for its commercial real estate portfolio in the Southeast, including Charlotte.
Charlotte real estate firm Lincoln Harris has been handling the work, which includes property management and leasing, for years. The account includes office space and bank branches across the Southeast. Executives with Lincoln Harris said last year the account totaled approximately 26 million square feet of commercial…