American Asset Corp. is looking to develop 19 acres it owns in southwest Charlotte at West Arrowood Road and Interstate 485, potentially for a 75,000-square-foot golf entertainment complex.
The Charlotte real estate firm is seeking a rezoning for the property in order to develop a multi-use business park at the site, but AAC is asking City Council to approve two development alternatives.
The first would include the golf entertainment complex, which would be housed in a building that would include…Development firm could bring golf entertainment complex to southwest Charlotte
American Asset Corp. is looking to develop 19 acres it owns in southwest Charlotte at West Arrowood Road and Interstate 485, potentially for a 75,000-square-foot golf entertainment complex.
The Charlotte real estate firm is seeking a rezoning for the property in order to develop a multi-use business park at the site, but AAC is asking City Council to approve two development alternatives.
The first would include the golf entertainment complex, which would be housed in a building that would include…
Campus Crest Communities Inc. (NYSE:CCG) is doing away with dividend payments for 2015, as the Charlotte-based company works to improve its operating results, sell assets, raise capital and refinance existing credit lines.
“We remain extremely focused on pursuing Campus Crest’s strategic repositioning, and strengthening our financial and liquidity position,” Richard Kahlbaugh, nonexecutive chairman, said in a news release Wednesday.
“The Board of Directors feels that suspending the Company’s…
Home prices in Charlotte were up 4.3 percent in January from a year earlier, according to a prominent monthly index released Tuesday.
That makes for a strong start to the year, with the annual growth rate exceeding the 3.5 percent increase posted in December.
The city was also among the three U.S. markets that logged the biggest month-to-month gains, with January home prices up 0.7 percent in January from December, the latest Standard & Poor’s Case-Shiller Home Price Index shows. Miami and San…
The owners of the Ballantyne Village retail center and the owner of its parking deck have reached a settlement that will end a long-running dispute over parking at the south Charlotte retail center and pave the way for additional development.
MV Ballantyne Village, the company that owns the center, has reached a settlement with Ballantyne Village Parking, the company that owns the parking garage at Ballantyne Village and two vacant development pads.
Effective immediately, all spaces in the deck…
A New York real estate investment firm has bought the 153-unit Park and Kingston apartment complex in South End for $27.85 million.
Bluerock Real Estate purchased the development this month from an affiliate of Marsh Properties. Marsh developed the complex with Merrifield Patrick Vermillion and Jud Little behind a commercial strip in South End that includes well-known eatery Price’s Chicken Coop. When the developers announced the project in early 2012, they said the development's cost was approximately…
The Charlotte City Club is talking with developers about potentially taking space in a new tower in uptown Charlotte as it weighs a move out of the 121 West Trade Street building.
The club has been located at 121 West Trade since 1990, and it may stay put in the 31-story office tower at Trade and Tryon streets, where it occupies the top two floors and has a lease that runs through 2020.
“We’re just exploring various opportunities at this stage,” says John Scharer, general manager. “Certainly…
Jane McIntyre, who recently retired as executive director of United Way of Central Carolinas, has accepted a part-time role with Faison Enterprises Inc. as director of the real estate firm’s charitable contributions.
McIntyre’s last day at the United Way was in late February, although she’s still working with the organization on a part-time basis to introduce new executive director Sean Garrett to the community.
She was recruited to Faison by her friend Tom Hollowell, a board member, when…
Real estate executives planning new office projects in uptown and midtown Charlotte say the big block of space produced by the closure of Chiquita Brands International Inc. at NASCAR Plaza will not impact their development time lines.
Chiquita leases approximately 138,000 square feet at the NASCAR Plaza building, where it plans to close its Charlotte headquarters by year end. The company has hired JLL to sublease the space with an asking rental rate in the mid-$20s per square foot. That’s well…
The YMCA of Greater Charlotte plans to start work in late 2015 on a $20 million renovation for the Dowd YMCA on East Morehead Street, a project designed to ease parking issues, improve the functionality of the 55-year-old building and better accommodate a growing number of millennials and females who use the facility, the organization says.
The YMCA has raised more than $10 million toward the project, which would take 18 to 24 months to complete. The organization plans to file a rezoning application…
A 328,251-square-foot Charlotte industrial park at the intersection of South Tryon Street and Clanton Road will be auctioned off next month, with bids starting at $2.25 million.
The 77 Corporate Park property is being auctioned off by the lender to the property, which took control after the park went into foreclosure in 2013.
The park sits on 42 acres on Clanton Road, between interstate 77 and South Tryon Street, and consists of 13 buildings that are approximately 39 percent occupied.
The park…