Lincoln Harris expects Capitol Towers building to deliver in July

Lincoln Harris expects the first building at its Capitol Towers development in SouthPark to be complete this summer and will likely start construction on the second building next year, Chief Operating Officer John "Johno" Harris III says. The Charlotte real estate firm started construction earlier this year on the first 10-story building at the development, which is behind Piedmont Town Center. The project calls for two 10-story towers fronting Congress Street as well as a seven-story parking garage…

Levine Properties buys 2 acres in uptown Charlotte for $9.85 million

Levine Properties has added to its land holdings in uptown Charlotte's First Ward. An affiliate of Levine Properties has purchased 2 acres of land at the corner of North Brevard and Sixth streets for $9.85 million. The property, across Brevard from the ImaginOn library and theatre, is used for surface parking and is near a 3.2-acre park in First Ward that Levine Properties and Mecklenburg County are building between ImaginOn and UNC Charlotte's center city building. With the latest acquisition,…

Owners of AT&T Plaza listing building for sale with CBRE

The owners of the AT&T Plaza building in uptown Charlotte will list the building for sale with CBRE. This week, the Charlotte Business Journal reported that AT&T will vacate the approximately 350,000-square-foot building next year and relocate its employees to the suburbs, creating a large block of available space in center city. Patrick Gildea, an investment sales specialist with CBRE in Charlotte, says the investment sales team at CBRE will start marketing AT&T Plaza next month. The building,…

Birdsong Brewing buys North Davidson Street building for $1.3 million

Birdsong Brewing Co. has purchased a 17,000-square-foot industrial building on Charlotte's North Davidson Street for its previously announced relocation and expansion. The local brewery bought the building at 1016 N. Davidson for $1.34 million from an affiliate of Beacon Partners. Birdsong, founded in 2011, hasn't set a move date yet, but it says the larger facility, located at the corner of North Davidson Street and Belmont Avenue, will feature a 30-barrel brewing system, a new tap room and a…

BJ’s targeting former Home Depot Design Center space at Metropolitan

BJ's Wholesale Club Inc. is targeting the former Home Depot Design Center space at the Metropolitan complex in midtown Charlotte for a new location, according to real estate records. "We are actively pursuing a new BJ's location in Charlotte and plan to make a formal announcement next month," a spokeswoman wrote in response to an email inquiry. The Home Depot Design Center closed in 2009 and the roughly 130,000-square-foot space has been vacant ever since. The space is owned by The Home Depot Inc.…

Proffitt Dixon Partners starts work on 258-unit apartment complex in Matthews

Apartment development firm Proffitt Dixon Partners has started construction on Fountains Matthews, a 258-unit apartment complex on 15 acres at the intersection of Matthews Township Parkway and Northeast Parkway. The project will consist of four three-story buildings, three of which will have elevators. The complex will include a clubhouse, fitness facility, saltwater swimming pool and a 1-acre courtyard that will anchor the property. Eight of the units at the development will be "live-work" units…

AT&T to vacate 350,000-square-foot uptown building, relocate employees

AT&T will vacate its 350,000-square-foot building in uptown Charlotte next year and relocate its employees to the suburbs, creating a large block of available space in center city. The company plans to vacate the AT&T Plaza building at 300 S. Brevard St. before its lease expires at the end of September, a spokesman confirmed. Employees will be relocated to two office buildings that AT&T occupies off West Tyvola Road, at 4100 South Stream Blvd. and 2359 Perimeter Pointe Parkway. AT&T leases the entire…

Oh Happy Day: Charlotte revels in 300 South Tryon groundbreaking

There are few things Charlotte loves more than breaking ground on a shiny new office building. Maybe reminiscing about how far we've come. And center city had both this morning. Developer Spectrum Properties and anchor tenant Babson Capital Management joined N.C. Gov. Pat McCrory and other civic leaders to break ground on 300 South Tryon, the new office tower and hotel development that will rise 25 floors above the corner of South Tryon and Third streets uptown. The ceremony marks the first new…

Wal-Mart in talks to lease 150,000 square feet of office space off Tyvola Road

Wal-Mart Stores Inc., the world's largest retailer, is in talks to lease approximately 150,000 square feet of office space at two buildings in the LakePointe Office Park off Tyvola Road, according to real estate sources. The Arkansas-based company is in discussions to lease space at the Four LakePointe Plaza building and the One Edgelake Plaza building at the park, sources say. Wal-Mart (NYSE:WMT) plans to establish a new operation in Charlotte with the space, according to sources, but it's unclear…

Red Ventures purchases land in Ballantyne area for $3.2 million

An affiliate of Red Ventures has purchased 7.5 acres on Providence Road West in the Ballantyne area, across the street from the Publix-anchored Ballanytyne Town Center. The Red Ventures affiliate, managed by Chief Financial Officer Mark Brodsky, bought the land for $3.2 million from Furr Family Properties, a company managed by David Furr. The land, at the intersection of Providence Road West and Dixie Hills Drive, has a couple of single-family properties on it but is mostly undeveloped. Through…