Apartment developer makes $13.3 million upset bid for uptown site
The city of Charlotte has received an upset bid for an uptown parcel where Pollack Shores Real Estate Group had planned to build an apartment and hotel development.
Apartment development firm Camden USA Inc. has agreed to pay $13.3 million for the 3.76-acre parcel at the intersection of Caldwell and Stonewall streets. Tony Korolos, director of the city’s real estate division, says Camden plans to build an apartment complex at least eight stories tall and is considering some retail space as well.
Before…
The pending $2 billion acquisition of real estate services firm Cushman & Wakefield by DTZ could reunite some former colleagues in Charlotte.
Italian investment firm Exor announced Monday that it had entered into an agreement to sell Cushman to DTZ. The deal is expected to close before the end of the year, and the combined company will have more than 43,000 employees and operate under the Cushman & Wakefield brand.
Brett White, executive chairman of DTZ, will serve as chairman and CEO of the combined…
Home sales in the Charlotte region climbed 14 percent in April from a year earlier, according to the Charlotte Regional Realtor Association.
The association reported Friday that Carolina Multiple Listing Service figures show 3,408 homes were sold in the region last month, up from 2,989 sold in April 2014.
The average sales price in April was $241,176, up 8.6 percent from a year earlier, while the median sales price was $190,000 — also an increase of 8.6 percent.
Pending sales for the month totaled…
Crescent Communities is planning a mixed-use community with residential units, a hotel and commercial space on 72 acres on Providence Road in south Charlotte, next to the Waverly development.
The Charlotte real estate firm has filed a rezoning application for the land, which is on the east side of Providence Road, just south of Interstate 485. The rezoning would allow Crescent to develop up to 30,000 square feet of office, retail or other commercial space; a hotel with up to 150 rooms; and up to…
Planning and design consulting firm Kimley-Horn and Associates Inc. has leased the second floor of the 200 South Tryon building in uptown Charlotte, a deal totaling 22,500 square feet.
The firm’s Charlotte office plans to relocate this summer from its current space at the Atherton Mill complex in South End.
Vacancy at the 200 South Tryon building has dropped to approximately 36 percent. Earlier this year, Mythic Advertising leased the ninth floor, and Charlotte Center City Partners renewed and…
Demolition has begun in SouthPark at a site on Sharon Road where Charlotte real estate executives Allen Tate Jr. and John Crosland Jr. plan to build a dual-branded hotel with 270 rooms.
The project will include a 150-room Hilton Garden Inn and a 120-room Homewood Suites, according to Chartwell Hospitality, a real estate company based in Nashville, Tenn., that is partnering with Tate and Crosland on the project.
Chartwell specializes in the acquisition, development and management of hotels. The…
Six buyers are under contract to purchase units at a new townhome development in Charlotte's South End that is expected to start construction in late June.
Helix SouthEnd, a 29-unit development planned for the corner of Doggett and Hawkins streets, is a joint venture between real estate firms BPA Residential and Selwyn Property Group.
The firms bought the 1.1-acre site for $750,000 in 2013 from a lender that had foreclosed on the property in 2010.
The site, across Hawkins Street from the Design…
Home prices in the Charlotte market rose 7.3 percent in March from March 2014 and increased 2.3 percent from February, according to the latest CoreLogic Home Price Index report.
The figures include distressed sales such as short sales and real estate-owned transactions.
Excluding distressed transactions, prices in the Charlotte market showed an annual increase of 7.6 percent in March.
Statewide, home prices in North Carolina were up 4.6 percent in March from a year earlier with distressed sales…