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palmetto75

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Everything posted by palmetto75

  1. I've never seen so much comotion and so little visual results, but I think we can clearly see the Pepsi parking lot as well as completion of the Poindexter extension. If I may crawl out of my negative shell for 1 sec I do believe we might see some apmts going up in the next 6-12 mnths. Vacancies rates are falling nationwide and rents are edging up so might not be too impossible to imagine!
  2. Agreed. As a bar with a lil different angle I liked Sir Ed's. As a restaurant I thought the food was avg at best and wayyyyy overpriced.
  3. anybody know what the building further down from tower near the fountains will be? It looks like a permanant concession stand or something.
  4. Ate at the BW3s last night (along with several proud NRA members). The patio space there is HUGE esp. for uptown. Regardless of whether you like BW3s/NASCAR or not I think it will be a great place to people watch in uptown.
  5. There is no way this whole site will be a parking lot only. I remember Pepsi wanting access to Poindexter and maybe space for a few trucks, but a parking lot for even as a temporary fix before teh apmts can be built would seen economically unfeasible given the costs of the land AND the cost to build a permited lot for commercial vehicles (as opposed improvised lot on East Blvd for Latta ).
  6. I noticed that too. Although I think at best its just the roadwork for Poindexter for the immediate future. My guess is that Colonial has the $ to build now, but simply can't ignore the vacancy rates in the area and needs to wait for more saturation of all the new units.
  7. Re the the game today. I give these organizers a lot of credit. There are guys selling mexican flags on the corner of Tryon at 9 am. These guys mean business!
  8. I wouldn't be surprised at all to see a BK filing not too long after completing the building. I started thinking of a prepackaged BK/foreclosure after construction stopped a few months back. A few observations: 1. Everyone saw the The Park lenders take an absolute bath. Better to lend and let the building finish with a marketable product than a big steel rust bucket. Lesson learned. 2. BoA is the lead lender in the syndicate I believe. They do not want an unfinished building outside their window everyday. 3. Lender probably took a more active role in the construction. Most likelyshooting down the Wolf/Subzeros for something more recession appropriate.
  9. Speaking of which, anyone know where the monsoon at? Sour always goes good with sweet. Its a Yin and Yang thang I guess.
  10. Its good if they are emerging from bankruptcy AND paying back their creditors, which include several local companies. Would also love to know if part of their BK deals allows them to break leases in these locations in order to move. Sorry to be so negative, but have little pity for an organization that was the original piggy bank of corporate robber barons and goes into BK the second things get a little tight. If they never return to their formal glory it will not be a loss in my book.
  11. Is the Pinky's deal over? Just saw an "Available" sign there that I did not remember seeing there before. On another note looks like the Sprinter stop is going in at Arty/Morehead.
  12. I'm not 100% sure but I don't believe the building ever actually sold. I saw a set of plans come in a couple of years ago, which included tearing down the outbuildings but saving the main structure. It is huge when you consider the basement space. However, the cost of renovatation was far more than the developer expected and over what the market would support at the time. I agree at least the brick facade should be saved, but in this economy doesn't look like its going to happen.
  13. The owner said they have had decent business on the wknds so far. I could tell it was a reach for them staying open then and business will have to be strong for them to maintain the wknd hrs. The 10% discount for Catalyst residents is nice.
  14. I think Trump has his hands full right now. http://www.nypost.com/p/news/business/trum...Dnr3RU7ASjMPqII The Trump Vegas example also underscores the difference between a "reserved" unit and a "sold" unit.
  15. Good now Charlotte FC can be our new MLS team.
  16. I agree this certainly add some character to the area. However, the liability of opening abandoned mines in this day and time is probably too much to overcome. Its not just the chance of collapse, but gold mines were very dirty operations in the past. There is one down in Kershaw County that was opened up and was found to be full with Mercury poisoning.
  17. My thoughts excactly. BW3s also leans a little more towards family dining than Wild Wing and most of the other eateries in uptown. Thats the chief complaint of many people visiting Epicentre and teh surrounding areas.
  18. Would you feel better if it was some fru fru place selling over priced "upscale" BBQ and duck fat fried pork rinds? I know its a chain, but its a very successfull one and in my opinion needed uptown. I think it will be a great fit here.
  19. Its my understanding they rejected a cash offer in the range of $18 mill not too long after they pulled out of Clt. Beazer finished up liquidating everything they had in the area a couple months ago save this tract and one up near Harrisburg I think. Unfortunately I doubt this will move until Beazer files for BK, which somehow they have amazingly managed to avoid so far.
  20. Funny how "earmark" is a 4 letter word until it benefits you or your city.
  21. Not sure if I caught the majority of it, but basically talking about how many of the retailers were counting on the TTT residents for business and how they'd have to adjust to make it. Interviewed the coffee shop owner. Personally don't buy it. Maybe the coffee shop was counting on them, but doubt the fudge shop was planning only TTT residents buying FUDGE everyday.
  22. Alright, for all those clamoring for cheap/affordable housing in/near uptown here you go! I presume "excellent standard finishes" translates to stripped and not equipped. I agree I think there will be some demand here.
  23. Punta Cana is good. Haven't been there awhile and could be wrong but the fare leans more to Puerto Rican/Domincan than Jamaican (ie no jerk). The Mofongo (shrimp over mashed plantains) was tasty.
  24. You can attack this from several different ways. I'd be worried about the sheer voume of traffic more so than the 50% maintenance at least for now. Not mention the construction traffic on "your private road". Are there any deeded rights for this road to your HOA as common area??? I assume not, but worth a look. I'd make sure CDOT is aware of the trafiic volume they plan to put on this road. Eventough it is a private road that doesn't mean they can simply use it to any capacity they wish. Not familar with this layout at all, but also might talk to Fire Dept. to see what they think in terms of access and turnarounds for eqmt. Bottomline is make your voice heard. At the very least make the developer know you will make things so difficult for them that it might be a cheaper alternative in the end to use the public street.
  25. Because thats where the margins are and how they make their money. UPGRADES!!!!!! Beazer and its ilk proved the only way you can make money on low end new construction is through govmt subsidized lending... and of course a lil loan fraud too!
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