CitiSculpt, Knox Group planning office and retail building on West Morehead

Two Charlotte real estate firms are planning a 70,000-square-foot office and retail development at the intersection of West Morehead Street and interstate 77. CitiSculpt and The Knox Group plan to start construction on the project later this year. A CitiSculpt spokesman says the building is still in the design phase but will include between 5,000 and 15,000 square feet of ground-floor retail space. An affiliate of CitiSculpt purchased a 1.4-acre parcel at 1213 W. Morehead St. late last year for…

Charlotte-area home prices rise at faster pace

Home-price appreciation in the Charlotte market accelerated in December, according to the latest CoreLogic Home Price Index report. Prices in the Charlotte-Concord-Gastonia metro area were up 4.1 percent in December from a year earlier, the report released Tuesday shows. That figure, which includes distressed sales such as short sales and real estate-owned transactions, compares with a rise of 3.6 percent in November and follows months of slowing growth in local home prices. Excluding distressed…

Beacon Partners to develop office building on East Morehead

Charlotte real estate firm Beacon Partners plans to build a seven-story office building with ground-floor retail on East Morehead Street, next door to the Dowd YMCA, with construction expected to start later this year. The proposed building at 500 E. Morehead St. would total 180,000 square feet and would feature 15,000 square feet of retail space, with plans for a coffee shop, casual lunch spot and an upscale restaurant, all with outdoor seating areas along a pedestrian plaza fronting Morehead.…

Dilweg Cos. buys uptown Charlotte office building for $25.3 million

The Dilweg Cos., a commercial real estate firm based in Durham, has purchased the Johnston Building in uptown Charlotte for $25.3 million. The 17-story historic building at 212 S. Tryon St. totals 172,382 square feet and is more than 84% occupied. Major tenants include Carlisle & Gallagher Consulting Group, the Office of the Comptroller of the Currency, Montreat College and Fifth Third Bank. "We believe the Johnston Building's unique design, history and central location make it attractive to the…

Pepsi Bottling site on South Boulevard to be marketed for redevelopment

Pepsi Bottling Ventures has hired Cushman & Wakefield | Thalhimer to market its South Boulevard property in Charlotte for sale as a potential redevelopment site. The property includes the bottling facility property, located on 5.2 acres at the intersection of South Boulevard and New Bern Street, as well as a 0.91-acre property at the intersection of Poindexter Drive and South Boulevard. Bill Simerville, an investment sales specialist with Cushman & Wakefield | Thalhimer, says formal marketing materials…