The Angle – Page 33 – New Angle Realty

March 20, 2016September 21, 2016

New beer and music hall coming to Uptown

A new place is opening in uptown that is sure to be the best new spot for happy hour beverages or weekend afternoons with friends. The same creative business minds that brought Angry Ale’s, Draught, Libretto’s, Prohibition, Neighborhood Theatre and Pint Central to Charlotte, are working together to bring “Flight” to the Queen City.

Flight will be a “North Carolina-centric traditional beer and music hall,” slated to open in early April in the old Republic space, right next to the popular Bar Charlotte. The new venue gets its name from the phrase “First in Flight,” which you can find on every North Carolina license plate, really driving home the state-centric idea. In addition to state pride, the bar also promotes a commitment to the local community and economy. It strives to keep money in the Queen City, and gives Charlotte consumers another way to do this, by offering an environment in which to imbibe and enjoy themselves. The local craft beer scene has really renewed the desire to keep it local, from beer, to restaurants, to music.

Flight aims to offer a laid-back, neighborhood vibe without dress codes or dance parties. The beer will certainly be a focus, with 80 offerings on tap, including all of the Charlotte staples and other Carolina brews, like Wicked Weed from Asheville and craft brews from Raleigh and Wilmington. There will be food to complement the wide range of beers, with a traditional beer garden menu, including homemade brats.

The music will be diverse, and will include a house band and local groups performing weekly, as wells national acts performing a few times a month. The venue also plans to have open mic nights on the schedule for up-and-coming local singer/songwriters.

For more details on Flight and the entrepreneurs behind it, check out the article at charlottefive.com.

March 17, 2016March 17, 2016

Developer scratches 1Brevard

A previously released rendition of 1Brevard tower.

The developer of the 30-story condominium high-rise at Fourth and Brevard streets has canceled plans for the building citing low pre-sales, according to a notice posted on 1Brevard.com.

The 174-unit building was tentatively scheduled to be completed in late 2017 and would have been the first condo tower built since the market crash in 2008. More than 4,000 square feet of ground-level space was going to be donated to McColl Center for Art + Innovation for a gallery. The development also included plans for a small park/green space.

According to the 1Brevard announcement, the group marketing the project found there was not a big enough pre-sale market to support a project of this scope.

Gundolph LLC, the developer on the project, was a collaboration of Greg Rudolph of RTG Holdings and Robert Gunn of Gunn Financial. The residential tower was due to have residences priced from $400,000 to $7 million for the penthouse unit.

“The developers are considering alternative uses for the property. It is their expectation that these alternatives will work to the benefit of Uptown and fulfill unmet needs of the City of Charlotte,” the 1Brevard announcement stated.

While the condominium market may not be ready for a project of this scale, the Charlotte/Uptown apartment market is booming.

According to a Real Data report, there are more than 12,000 apartments under construction in the Charlotte area with average rents exceeding $1,000 per month. Uptown has the highest average rent of a Charlotte area at $1,694, according to Real Data.

For the full scoop on the apartment boom, see the Charlotte Observer report.

March 14, 2016March 14, 2016

At home in Uptown: Fifth & Poplar

The housing market is alive and well in Center City. If you work Uptown and think you could not possibly afford to call it home then Fifth & Poplar’s prices might surprise you. Living within walking distance to work and play definitely improves quality of life!

Its great location is in the heart of Uptown, just 2 blocks from Trade and Tryon and in walking distance to Discovery Place, EpiCentre, Bank of America Stadium, Knights stadium and all things Uptown entertainment. For more green space, Fourth Ward Park is just across the street.

For pet lovers, Fifth & Poplar does allow pets – but only 2 per unit. There is a small dog park area in the courtyard and mulched areas around the building for walking dogs.

Fifth-and-Poplar-Kitchen — A renovated kitchen in a Fifth & Poplar residence.

Formerly a rental apartment building, Fifth & Poplar was converted into 300 condominium units in 2006. The 8-story building’s entrance faces the intersection of Fifth and Poplar streets, while the property wraps around the entire city block surrounding a 1-acre residents green space, pool and putting green.

The resort-style property has a variety of on-sight conveniences like a Harris Teeter, Versa Salon and Spa, a full-service Aveda salon, dry cleaners, nail salon, building-wide Wi-Fi service, cyber cafe with brewed Starbucks coffee and a 24-hour fitness center. The building also has full-time maintenance staff and concierge services. Residents also get designated parking spaces.

Granite countertops, hardwood floors and stainless steel appliances are standard in most of the residences. Many residents have made upgrades to kitchens and baths. All the residences have sizable balconies from which residents can enjoy the views of Uptown.

Homes are priced in the high $100,000s for studios to $1 million-plus for penthouse units. Square footage ranges from 550 square feet to 2,400 square feet.

There are currently 15 Fifth & Poplar units for sale, 9 of which are under contract as of March 13.

There are several units of more than 1,000 square feet on the market as well as smaller studio residences.

The average sales price of a Fifth & Poplar residence is $276,371 or nearly $273 per square foot during the last 12 months. Approximately, 1.8 homes sold each month during the last year for a total of 22 residences sold during the last 12 months for an average of nearly 98% of list price.

At an average of 1.8 units sold per month, the current listings give the property about 8.6 months of inventory. Nearby 230 South Tryon, which sells at a much higher price point, has 6.7 months of inventory. The average for Charlotte is 3.7 months.

The highest and lowest sales prices during the last 12 months were $340,000 and $194,500, respectively.

With the Blue Line light rail expansion in full swing and a bustling nightlife, Uptown has never looked better!

March 12, 2016

Pulte brings Audubon Lake to life in Indian Land

Audubon Lake-Entrance Monument — A beautiful bronze heron sculpture surrounded by the white columns marks the neighborhood entrance.

With Ballantyne and South Charlotte’s booming growth, home communities in Indian Land, just a few miles outside of Ballantyne, are becoming popular destinations for people commuting to the south side of Charlotte or even the Uptown area.

Lower Lancaster County tax rates and a more rural setting make communities like Pulte’s Audubon Lake attractive places to call home.

Just 5 miles to Ballantyne and South Charlotte, Audubon Lake is situated between the Sugar Creek and Barberville Road, a mile north of Fort Mill Highway (160). It is a quick 3 miles from Johnston Road (521), which takes you right to the heart of Ballantyne and I-485. I-77 is accessible via I-485 or 6 miles west on 160 from Audubon Lake. An Uptown commute via interstates is actually only 35 minutes without traffic.

There are a few resale homes on the market in Audubon Lake, but the majority is new construction. Homes sizes range from nearly 2,300 square feet to more than 2,800 square feet.

Eight homes are currently on the market, six of which are under contract as of March 12.

The average sales price for the last 12 months is $315,089 and $109 per square foot.

Sales averaged 2.4 homes per month during the last 12 months, which is approximately 29 homes sold during the last year. The highest sold price was $409,295 and lowest was $263,427.

Using the average per-month sales rate for the last year, Audubon Lake’s current inventory is 3.3 months. Indian Land’s total inventory averages 5.4 months.

The neighborhood is zoned for Lancaster County’s Harrisburg Elementary School and Indian Land middle and high schools.

For those desiring more square footage and slightly higher price point, Pulte is building out The Estates at Audubon Lake adjacent to the north of Audubon Lake. Homes in the latest development start in the $300,000s and range in size from 3,200 square feet to more than 4,400 square feet.

March 8, 2016

Neighborhood spotlight: Fort Mill’s Waterstone

The mature neighborhood of Waterstone is located in beautiful Fort Mill just northeast of Tega Cay between Gold Hill Road and Highway 160.

Not only is the neighborhood convenient to both Lake Wylie and I-77, but there are shopping and dining options within walking distance at Stockbridge Commons. Catawba River and Lake Wylie access are both 4 miles from Waterstone at the Fort Mill Dam and Pitcairn Cove Beach Park.

Commuting or a trip to the airport is made easier with I-77 only 2 miles east of the neighborhood and I-485 just 10 miles away.

In addition to a great location, Waterstone has something for everyone in the way of price, size and lifestyle. There are single-family homes in a range of sizes and price points. Don’t want a yard to maintain. No problem. There are also two- and three-level townhomes with or without garages.

The neighborhood’s amenities include a pool, playground and basketball court.

Waterstone homes sell well at approximately 2.3 homes per month during the last 12 months.

There are 5 homes currently listed for sale in Waterstone, which is about 2 months of inventory given the sales trend over the last year. The inventory is low, which is great news for sellers. Nearby Carowood has almost 3.5 months inventory, and the average for Fort Mill is close to 6 months.

The average sales prices for a single-family home in Waterstone is $224,566 and $106 per square foot during the last 12 months.

The highest and lowest prices for homes sold during the last year were $330,000 and $129,000, respectively. Sales average about 97.6% of list price, which is great for an older neighborhood competing in an area where there is a lot of new construction.

Condominium data show an average of 2 condominiums sold each month in Waterstone over the last year. There are 2 currently listed for sale in Waterstone, which is a month of inventory. The average condo sales price is $132,000 and just under $100 per square foot.

Waterstone is a great, family-friendly neighborhood to consider if you are looking to move in or around Fort Mill. The neighborhood is full of well-maintained homes and mature trees.

March 7, 2016January 18, 2017

Sprouts market may join Colinayre

Sprouts Farmers Market could find a home in Ballantyne as part of 521 Partners’ rezoning request for the Colinayre property at the southwest corner of southwest corner of Providence Road West and Johnston Road.

Sprouts is a health-focused grocery store that originated in Arizona in 2002 and now has 200 stores nationwide.

Like Trader Joe’s, Sprouts offers healthy foods and supplements at a more affordable price points. The grocer offers natural and organic foods, bulk dry goods, a full-service deli and baked goods.

Sprouts expanded to the southeast in 2014. This Ballantyne location would be the grocer’s first in the Carolinas.

521 Partners submitted last year a rezoning request for the 13 acres across from the Publix Super Market at Ballantyne Town Center. Currently, the property is zoned for offices. The mixed-use development plan that 521 Partners submitted would make the property a commercial center allowing for retail.

According to the request, the proposed development will include a mix of uses, including office, retail, a bank and a hotel. The site plan is broken into three separate development areas – a 3-story, 24,000-square-foot building for a bank and offices; a 4-story, 123-room hotel (Holiday Inn Express) or a two-story office building of 50,000 square feet; and a nearly 17,000 square foot office/retail building, 30,000-square-foot grocery store (tentatively Sprouts) and a 6,000-square-foot retail/dining building.

The Bank of North Carolina site and hotel are already under construction as part of a previously-approved plan.

As per the agreement with the planning commission, 521 Partners will create Johnston Road access to the new development, which was initially a sticking point for retail space approval. The entire space will be connected with walkable areas.

Sprouts will join a host of other health-focused markets in the area. Earth Fare, Trader Joe’s and The Fresh Market are all within 5 miles of the new planned Colinayre development.

March 3, 2016March 3, 2016

Southampton: Great location at a great price point

Southampton in the Ballantyne area of South Charlotte is a mature, sprawling neighborhood of about 400 single-family homes.

This family-friendly, social neighborhood s located off Ardrey Kell Road just east of the intersection of Marvin Road.

It is very convenient to Johnston and Rea roads for I-485 access. The Shoppes at Ardrey Kell, Blakeney, Stonecrest and Ballantyne Village are all less than 5 minutes away for shopping and dining close to home. A commute to Uptown will take a little less than an hour depending on traffic.

Neighborhood amenities include an Olympic-sized swimming pool, walking trails, basketball court, clubhouse and playground. The community also has its own swim team. Elon Park and Recreation Center is within walking distance.

The homes in Southampton were built in the early 2000s and consist mostly of brick veneer and vinyl siding. Many of the homes are larger starter homes of about 3,000 square feet. Homes were built by Centex Homes, Crosland and Pulte Homes. Many of the homes have gotten some light updating since originally built but typically sell for high $100,000s to $300,000s.

Currently, there are 4 homes listed for sale in Southampton. An average of 2.8 homes sold per month during the last 12 months, making the current inventory just under 6 weeks.

A total of 34 homes sold in Southampton during the last 12 months for an average sales price of $253,567. The average price per square foot is approximately $118 during the last year. Home sales averaged almost 98% of list price during the last 12 months.

There is a lot of new construction in South Charlotte right now, but many of the nearby communities are listing new homes at a higher price point. If you are looking to get into a great area and be close to fantastic schools and great shopping then take a look in Southampton.

The neighborhood is zoned for Elon Park Elementary, Community House Middle School and Ardrey Kell High School, all of which are less than 2 miles away from Southampton.

March 3, 2016

U.S. News: Charlotte one of best places to live

epicentre — The skyline as seen from EpiCentre in the heart of Center City.

Not surprising to those of us who call Queen City home, Charlotte is one of the top 20 cities in which to live. That is according to U.S. New and World Report’s latest list of “20 Best Places to Live in the U.S.”

Charlotte ranked 15th on the list, which referred to the Queen City as a blend of “old-fashioned southern charm and high-energy cosmopolitan bustle.”

The large influx of people moving into the city and its lower cost of living put the city on the list. The median price of a home in Charlotte is $184,600. Median income is just over $48,000.

Moving to a new city can be a daunting task, but most of the people you will meet in Charlotte are not native Charlotteans, either, making the city an easier place to blend in, according to the report.

Charlotte’s growth, nightlife and unique culture make it a popular destination for business and leisure. There are new restaurants and new construction on the horizon nearly constantly it seems, which continues the city’s transformation into a destination of its own. No longer does it play second fiddle to Atlanta or Charleston, the report said.

Raleigh-Durham ranked No. 4 on the list, and Charleston, S.C., ranked 19th.

Give it time, and Charlotte will grow on you. If it already has and you are in the market for a permanent place to set down roots, have a look at these fantastic Uptown residences on the market.

February 29, 2016February 29, 2016

Barclay Downs: Quiet hood on the edge of action

Wouldn’t you want to live within walking distance to some of the best shopping, dining and schools in the Charlotte?

The gorgeous Barclay Downs neighborhood fits the bill on those points and many more. The family-friendly community is home to the Barclay Downs Swim & Racquet Club and has an active homeowners association for neighborhood events. One important issue for the HOA is SouthPark’s growth and its potential impact – both positive and negative – on the neighborhood.

With the area growing by leaps and bounds, Barclay Downs is situated on the outskirts of some pretty incredible development. Plans are already under way for a mixed-use development at the site of The Colony apartments, which is one of the projects in which the Barclay Downs HOA is very active.

Barclay Downs residents are within walking distance to SouthPark Mall and its surrounding shops and restaurants as well as Myers Park High School, one of city’s top-rated schools.

The neighborhood has approximately 450 homes that range from starter homes to luxury million-dollar homes and offers potential residents a coveted location without the higher price points of nearby Foxcroft and SouthPark.

Homes in Barclay Downs are located east and west of central Barclay Downs Drive, which connects Fairview Road near the mall to Runnymede Lane.

The neighborhood is a desirable one that sells well. Many of the homes are older ranches and have been renovated. There are also some newer construction homes in the neighborhood.

An average of nearly 3 homes sold per month in the neighborhood during the last 12 months for an average sales price of $535,145. The average price per square foot for the last year is $216.

Currently, there are 8 homes on the market in Barclay Downs, which represents a little more than 2.5 months inventory. Nearby Myers Park has more than 6 months of inventory with 85 homes on the market.

Charlotte and Mecklenburg County have 3.7 and 3.8 months of inventory, respectively.

All the homes on the market in Barclay Downs, except 1 built in 1972, were built in the 1950s and 1960s. Three of the homes are under contract as of Feb. 28.

The highest sales price during the last 12 months was $920,000 for a renovated 4 bedroom, 4 bathroom home of 3,350 square feet.

The lowest sales price was $285,000 for an unrenovated 3-bedroom home of 1,950 square feet.

The neighborhood is zoned for Selwyn Elementary, Alexander Graham Middle School and Myers Park High School.

February 26, 2016February 26, 2016

Spotlight: Vanderbilt at Providence

Nestled at the back of Providence Country Club is Vanderbilt at Providence, an enclave of spectacular homes built by Charlotte-based Sinacori Homes.

The neighborhood is in a great location off Providence Road near Tom Short and Ardrey Kell roads. It is convenient to Blakeney Shopping Center, Stonecrest and The Arboretum, as well as Weddington and Ballantyne. Nearby I-485 makes travel around the city quick and convenient. Residents can join adjacent Providence Country Club and enjoy all of its amenities.

Vanderbilt was established in the early 2000s, so it has the maturity of an established, stable neighborhood but still offers some new construction and building lots, as of Feb. 26.

Homes range in size from 3,000 square feet and 4,500 square feet on wooded lots of one-half to three-quarters with a creek at the rear of the tree-save area.

The majority of homes is priced in the $500,000 to $650,000 range.

Exterior features include full-brick construction with side load and courtyard garages. Homes feature stacked stone or stucco accents. Hardwood floors, custom kitchens with granite counters, stainless steel appliances and crown molding throughout are just a few of the standard features inside these homes.

Screen Shot 2016-02-26 at 10.38.47 AM — Sales data for the last 12-month period. (Current as of Feb. 26, 2016)

Eleven homes sold in Vanderbilt during the last 12-month period for an average sales price of $558,167, which is approximately $100,000 less than the average sales prices in adjacent Providence Country Club. The average price per square foot is approximately $139.

Currently, there are 6 homes on the market in Vanderbilt, which puts inventory for the neighborhood at 6 months. None of the listed homes is under contract and 2 are in planning stages. Preliminary list prices for the planned homes are $596,000 and $675,000. The resale homes listed were built between 2002 and 2008.

On average, homes in Vanderbilt sell at 97% of list price.

The neighborhood is zoned for Polo Ridge Elementary, J.M. Robinson Middle School and Ardrey Kell High School.

Vanderbilt at Providence offers all the beauty and great location of Providence Country Club but at a lower price point.