Dominion Realty Partners, a Raleigh-based commercial real estate firm, is planning to develop an approximately 300-unit midrise apartment project on a vacant block in uptown Charlotte near Gateway Village.
Dominion is under contract to purchase the block, which totals about 3.3 acres and is bounded by Trade Street, Sycamore Street, Fifth Street and Irwin Avenue. The property is owned by Bank of America Corp. (NYSE:BAC) and is on the opposite side of Irwin Avenue from the Gateway Village development…300-unit apartment complex planned near uptown’s Gateway Village
Dominion Realty Partners, a Raleigh-based commercial real estate firm, is planning to develop an approximately 300-unit midrise apartment project on a vacant block in uptown Charlotte near Gateway Village.
Dominion is under contract to purchase the block, which totals about 3.3 acres and is bounded by Trade Street, Sycamore Street, Fifth Street and Irwin Avenue. The property is owned by Bank of America Corp. (NYSE:BAC) and is on the opposite side of Irwin Avenue from the Gateway Village development…
Home sales in the Charlotte region jumped 20.8 percent in February from a year ago, according to the Charlotte Regional Realtor Association.
The association reported Monday that Carolina Multiple Listing Service figures show 2,263 homes were sold in the region last month, up from 1,874 sold in February 2014.
However, on a month-to-month basis, home sales were down 4.1 percent in February from January.
The average sales price last month was $218,673, rising 6 percent from a year earlier, while…
Although Crescent Communities says it's a "long shot," the Charlotte real estate firm says it will pursue a small, boutique grocer for a planned mixed-use project in NoDa, where it also plans to develop up to 350 apartment units and potentially a hotel and for-sale residential product as well.
Crescent is planning the development for nearly 7 acres at the intersection of the proposed Lynx Blue Line extension and East 36th Street. The property is on the west side of East 36th Street between Cullman…
Marsh Properties has purchased a 2.65-acre property at the intersection of Providence and Sardis roads for a project that is expected to tie in with a larger redevelopment of the Strawberry Hill shopping center.
Marsh recently bought the land, located at the northeast corner of the intersection of Providence, Sardis and Fairview roads, for $3.1 million. The property, home to a BB&T bank branch, was rezoned late last year for a mixed-use project with up to 35,000 square feet of commercial space in…
Residential foreclosure activity in the Charlotte market was improved in December from the same time a year ago — but didn't budge from the previous month, according to the latest figures from CoreLogic Inc.
The foreclosure rate in the Charlotte-Concord-Gastonia metro area was 0.9 percent in December. That was down from 1.5 percent a year earlier, but unchanged from the November figure posted by the Irvine, Calif.-based data firm.
The local rate is still better than the national foreclosure rate…
Asheville real estate investment firm East West Capital has purchased another office building on Charlotte's West Morehead Street.
East West recently bought the Boxer Building for $4.67 million. The 40,000-square-foot building is at 1000 W. Morehead, across the street from the Carolina School Supply Building, which East West Capital purchased last year for $3.7 million.
David Moritz, a managing partner with East West Capital, says the firm has been contacted by tenants interested in leasing space…
Cornerstone Real Estate Advisors is doubling down on Charlotte's uptown office market.
The Connecticut-based real estate investment firm, which is building a new uptown office tower, is under contract to purchase the 101 Independence Tower with LRC Opportunity Fund, according to real estate sources.
The 20-story 101 Independence Center tower, at the northwest corner of Trade and Tryon streets, was listed for sale with HFF last year. The building, owned by KBS Capital Advisors and Gramercy Property…
General contractor Shiel Sexton has signed a lease for 4,300 square feet at Fairview Plaza in SouthPark and plans to relocate its Charlotte office there in May.
Shiel Sexton is currently located in the Pine Brook Business Center off West Arrowood Road. Ben Wilhelm, president of the Carolinas region for Shiel Sexton, says the company looked for space in SouthPark and around uptown Charlotte.
"We wanted to get closer to the action, where we can be more top of mind with our client base," he says.
Shiel…
A huge Charlotte distribution facility will become available later this year when Rooms To Go Inc. vacates 441,520 square feet at its warehouse near the intersection of Interstate 85 and Billy Graham Parkway.
The retailer is exiting three buildings in Charlotte and moving those operations to Dunn, N.C., where the company is building a 1.1 million-square-foot distribution center. The largest of the three Charlotte buildings is at 2730 Queen City Drive, a 506,750-square-foot facility near the I-85…
A joint venture between Spectrum Investment Services and Tribek Properties has withdrawn a rezoning request for a site adjacent to SouthPark mall where it had planned to build a 190,000-square-foot office building with ground-floor restaurant and retail space.
Spectrum and Tribek had planned the seven-story building for a surface lot in front of a mall parking deck at the intersection of Morrison Boulevard and South Park Drive, next door to Dillard's, which owns the land.
A Spectrum representative…