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QCxpat

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Everything posted by QCxpat

  1. Today's CBJ "City Leaders see more events ahead with opening of $126.9M Charlotte Convention Center expansion" by Jennifer Thomas Excerpt: "The city of Charlotte and the Charlotte Regional Visitors Authority marked the official opening of that project today, after nearly two years of construction. It stands to make Charlotte more competitive for meetings and conventions — a nearly $300 billion industry — with increased capacity, accessibility and flexible spaces." ... "The expansion added approximately 50,000 square feet of meeting room and pre-function space. It now has 55 meeting rooms, up from 41. There are also two flexible 10,000-square-foot spaces that can be configured 19 different ways to meet client needs and capacity requirements." "A primary component of the expansion is an exterior over-street pedestrian walkway, which connects the Charlotte Convention Center to the adjacent 700-room Westin Charlotte. It features "Skyline," an immersive public artwork experience by Narduli Studio. That LED art installation centers around the themes of Fabric of the Sky, Wind, City Lights, Night Sky and Hyper Objects." ... "Tom Murray, CEO of the CRVA, says events are happening at the convention center, but business travel is still recovering. Leisure travel is up 20% from pre-Covid levels." “We’re starting to see the recovery,” he says. "The project was delivered on time and on budget despite construction challenges." ... "Efforts are ongoing to position Charlotte as a meetings and events destination. The convention center is a valuable community asset that will help raise national and international awareness about the Queen City, Tom Murray says." “We know Charlotte is a special place, and what this space does is gives us a chance to show new people who are interested in Charlotte why this is a place to come,” says Mayor Vi Lyles." Photo Credit: MELISSA KEY/CBJ Link: https://www.bizjournals.com/charlotte/news/2021/10/21/convention-center-opens-1269m-expansion.html
  2. Today's CBJ "Health-insurance giant Centene becomes latest major sponsor of Charlotte FC" by Erik Spanberg Excerpt: "Two high-profile Charlotte newcomers are teaming up as the city’s expansion Major League Soccer franchise has signed health insurance company Centene Corp. to a sponsorship valued at $5 million to $7 million annually." ... "Centene’s partnership with Charlotte FC includes: Putting the company’s name and logo on the sleeve of the game jerseys and on the chest of pregame and practice uniforms. Every MLS team has the rights to sell a primary sponsorship on the chest of the game jersey as well as one smaller ad on the sleeve. Centene will put its logo on Charlotte FC’s youth academy uniforms, too. Naming the field for Centene for all home games at Bank of America Stadium. The company’s on-field branding will not include other stadium events. Paying the seat-license fees for 1,900 season tickets in the west end zone to highlight community philanthropic efforts. Charlotte FC will allocate the revenue from the seat-license purchase to back the team’s community programs supporting free after-school literacy and soccer at schools with higher numbers of low-income students; provide meals to families in need in Charlotte; and to build mini-soccer fields in at-risk neighborhoods in various Carolinas cities." Link: https://www.bizjournals.com/charlotte/news/2021/10/20/centene-becomes-major-sponsor-of-charlotte-fc.html
  3. Today's CBJ "Where Charlotte clocks in on a list of annual real estate markets to watch" by Jenna Martin Excerpt: "The Emerging Trends in Real Estate report each year highlights the U.S. markets with the top overall real estate prospects. And for several consecutive years now, Charlotte has been a fixture on that list of the 10 top markets to watch. In the 2022 report, released today, the Queen City places at No. 6 in the ranking of markets to watch — those which are demonstrating strength in growth, homebuilding outlook, affordability and job prospects." ... "The report is produced by accounting firm PricewaterhouseCoopers in conjunction with the Urban Land Institute, a real estate research and education nonprofit." ... "Charlotte is grouped into what the PwC and ULI report classifies as a "magnet market," described as migration destinations for people and companies, with most having populations and jobs growing more quickly than the U.S. average. Within that group, Charlotte appears among the "18-hour cities," joining the likes of Denver; Minneapolis; Salt Lake City; San Diego; Portland, Oregon; and Fort Lauderdale, Florida. All feature active downtowns and urban-like suburban nodes, according to the report." ... "Of the 80 ranked markets in the report, Charlotte has the fourth-highest score for investor demand, development and redevelopment opportunities, as well as local public and private investment. It has the fifth-highest score for availability of debt and equity capital, and the eighth-highest score for local economy." Top 10 cities 1. Nashville 2. Raleigh/Durham 3. Phoenix 4. Austin 5. Tampa/St. Petersburg 6. Charlotte 7. Dallas/Fort Worth 8. Atlanta 9. Seattle 10. Boston Links: https://www.bizjournals.com/charlotte/news/2021/10/14/emerging-trends-in-real-estate-report-released.html https://www.pwc.com/us/en/industries/asset-wealth-management/real-estate/emerging-trends-in-real-estate.html
  4. The giant bunnies are back, catty-cornered from First Ward Park - "Intrude" by Australian artist Amanda Parer, Sept. 26 - Oct. 12. "Intrude" is free to visit, and it's open from 10 a.m. to midnight through Oct. 12. Link: https://www.wfae.org/arts-culture/2021-10-01/giant-bunnies-are-back-in-charlotte-prompting-selfies-and-even-a-wedding
  5. Today's CBJ, "The 25 hottest housing markets: How the Covid-19 pandemic has shaped where people buy homes" by Ashley Fahey Excerpt: "The housing market has been on absolute fire, especially since the Covid-19 pandemic." "Some of the markets we've ranked as the "hottest," based on the formula and our analysis, likely won't be a surprise. Sun Belt cities like Austin, Texas, and Charlotte, North Carolina, have seen a surge in population, even prior to the pandemic, bolstering the housing markets of those cities. Several Sun Belt markets also ranked among the top metros for job growth during the economic recovery from Covid-19." Link: https://www.bizjournals.com/charlotte/news/2021/09/17/the-25-hottest-housing-markets-pandemic.html
  6. According to today's CBJ, since its opening in July, 2021, 47% of The Ellis apartments in uptown have been leased and 41% are occupied. With regard to the incomplete Homewood Suites by Hilton adjacent to The Ellis, today's CBJ says: "In 2018, LMC sold about 0.43 acres next to the apartment development to Concord Levine Hotels LLC for $3 million. That company is planning to bring a hotel, a full-service bar and a restaurant to the property. Construction is scheduled to start at the beginning of October with a completion date in summer 2023." The following is a description of the Homewood Suites when it was first announced in October, 2018: "The 13-story upscale, extended-stay hotel will consist of 209 suites for guests, 4,000 square feet of street-level retail area, 3,500 square feet of flexible meeting and prefunction space, an expanded fitness center, a pool and a lounge with a large outdoor terrace. The property will be in close proximity to the UNC Charlotte Center City campus, Spectrum Arena, Bank of America Headquarters, the Blumenthal Performing Arts Center and two light rail stops that opened in March of this year." Links: https://www.bizjournals.com/charlotte/news/2021/09/28/the-ellis-apartments-reach-47-percent-lease.html https://www.hotelmanagement.net/development/concord-hospitality-to-develop-charlotte-n-c-s-first-homewood-suites
  7. At dusk, you can see furniture and lights in approx. 30% of the 196 luxury residential units on the top 12 floors of the 29-story tower. Image - Wikimedia Commons / City Dweller 2 Links: https://commons.wikimedia.org/wiki/File:FNB_Tower_Charlotte_Completed.jpg https://www.thereedcharlotte.com/ (The Reed Apartments in Charlotte)
  8. Today - Romare Bearden Park - 12:25 p.m. The Singers - Agnus Dei - Samuel Barber - YouTube (click skip ad) https://www.youtube.com › watch 8:27 The Singers, Matthew Culloton, conductor perform Agnus Dei by Samuel Barber. The Choral Version of his ... Apr 6, 2016 · Uploaded by maestroz25
  9. O, that Sheep may safely graze in First Ward Park
  10. Today's CBJ, "Consultant: Investing in equity crucial for Charlotte's growth, ambitions" by Erik Spanberg Excerpt from interview with Chris Beynon, MIG's Chief Development Officer, which played a leading role in the 2040 Vision Plan: Spanberg: "You don’t decide what’s built or not built, but you’re studying Charlotte and uptown and seeing it closely and talking to influential people. You have a lot of big potential projects in the vision plan, such as capping 277 and building a signature park on the other side on the north end, all kinds of trails and connectivity. Which physical project do you think would make the biggest difference, the most impact over the next 20 years?" Beynon: "That’s like asking, which is my favorite child, right? Sam. No, Jack. I’ll give you this answer. I think the combination of projects and efforts to address and overcome the barrier of I-277, the loop. It is time for that. People have talked about it for decades. There are all kinds of projects (across the nation like this) over the past 10 years where freeways have been mitigated and minimized. It’s a relic of urban renewal. It is a part of a really bad time in our country when automobiles were prevalent. And so, it’s a symbolic thing, and it’s also a very real thing, when you overcome this freeway barrier. You open opportunities in both directions for greater connectivity, greater connection between people. And not saying, “Hey, that uptown, that’s for only those people.” No, we all blend into one city here. And as far as development opportunity, affordable housing, workforce housing, healthy living, being able to bike or walk uptown to my job — opening up those things will really create the next wave of center city. And so, I would say that has perhaps from a physical standpoint, the most opportunity because in doing so, then you’re going to further leverage the infrastructure, the rail infrastructure investments, you can further leverage bicycle and pedestrian improvement. It’s time." Images: The Charlotte Ledger 11/25/2019 Link: https://www.bizjournals.com/charlotte/news/2021/09/02/national-consultant-sizes-up-uptown-charlotte.html?
  11. Today 11:20 a.m. - Ah, the labors of Sisyphus! Another week, another glass pane.
  12. Today 4:12 p.m. - drilling / soil samples at W. Stonewall St. and S. Tryon St.
  13. I agree with @KJHburg that either a hotel or residential tower is likely to be built atop the Belk Theater's 5-story glass base at some point in the future, similar to the Hearst Magazine Tower in NYC. In the latter case, the original 6 story limestone-clad base was constructed in 1928. It was supposed to be the base of a larger tower, but that was canceled due to the Great Depression. Then, in 2006, 40 hexagonal glass and steel stories were added to the 6-story base making a total of 46 floors reaching a height of 597 feet/182 meters. The Hearst Magazine Tower is located at 8th Avenue and 57th Street, NYC. Here are a couple of photos of it from the web - Link: https://en.wikipedia.org/wiki/Hearst_Tower_(Manhattan)
  14. U.S. Census Bureau 2020 enumerated pop. and growth rate (%) of Fairfax Cty, VA, Wake Cty, NC, and Mecklenburg Cty, NC Fairfax County, VA - - 1,150,309 - 6.3% (% growth rate 2010 to 2020) Wake County, NC - - 1,129,410 - 25.4% Mecklenburg County , NC - 1,115,982 - 21.3% Links: First look at 2020 Census for North Carolina | Carolina Demography (ncdemography.org) https://www.census.gov/library/visualizations/interactive/2020-population-and-housing-state-data.html
  15. U.S. Census Bureau 2020 enumerated pop. and growth rate (%) of MSA's fully or partially in North Carolina Charlotte-Concord-Gastonia NC/SC 18.6% 2,660,329 Virginia Beach-Norfolk-Newport News VA/NC 5.0% 1,799,674 Raleigh-Cary, NC 25.1% 1,413,982 Greensboro-High Point, NC 7.3% 776,566 Winston-Salem, NC 5.5% 675,966 Durham-Chapel Hill, NC 15.2% 649,903 Fayetteville, NC 8.2% 520,378 Myrtle Beach-Conway-N. Myrtle Beach SC/NC 29.5% 487,722 Asheville, NC 10.4% 469,015 Hickory-Lenoir-Morganton, NC -0.1% 365,276 Wilmington, NC 12.2% 285,905 Jacksonville, NC 15.1% 204,576 Burlington, NC 13.4% 171,415 Greenville, NC 1.2% 170,243 Rocky Mount, NC -5.6% 143,870 New Bern, NC -3.7% 122,168 Goldsboro, NC -4.3% 117,333 Link: https://www.census.gov/library/visualizations/interactive/2020-population-and-housing-state-data.html
  16. U.S. Census Bureau 2020 enumerated population and growth rate (%) of counties in the Charlotte-Concord-Gastonia NC/SC MSA Cabarrus 26.8% 225,804 Fastest growing county Lancaster 25.3% 96,016 York 24.8% 282,090 Mecklenburg 21.3% 1,115,982 Union 18.4% 238,267 Iredell 17.1% 186,693 Lincoln 10.9% 86,810 Gaston 10.6% 227,943 Rowan 6.1% 146,875 Link: https://www.census.gov/library/visualizations/interactive/2020-population-and-housing-state-data.html
  17. Today's CBJ "Sources: Developer circling prime site near Uptown Charlotte for project" by Colin Huguley and Jennifer Thomas Excerpts: "A developer appears to be circling a high-profile site near uptown Charlotte for a major project. Chicago-based Riverside Investment & Development has filed pre-submittal development documents for the site. Multiple addresses are shown to be tied to the filing. One address listed in the project description is 1111 S. Tryon St." ... "The pre-submittal filing was filed on Friday, according to city records. The South Tryon address is not affiliated with any specific building location but when put into Google Maps, it pinpoints the heart of South Tryon Street next to Midnight Diner. The parking lot bordering Midnight Diner has an address of 1109 S. Tryon St., according to county real estate records." "When asked Tuesday if he planned to sell, Brian Dominick, owner of Midnight Diner, Uptown Cabaret and other bordering parcels including surface parking lots, said he had no comment. Multiple sources told the Charlotte Business Journal that Riverside is planning a project there. Riverside declined to comment about its plans. The Midnight Diner and Uptown Cabaret will remain open, Dominick added." "A pre-submittal, or conceptual, meeting is required for urban-zoned projects, according to the city website. The filing also includes 1111 N. Tryon St. as an address, according to the city database. The North Tryon address matches that of a site just northeast of uptown Charlotte. Elizabeth Beretta, owner of 1111 N. Tryon St., said Tuesday she had no knowledge of the pre-submittal filing and had no plans to sell her property." "Anderson declined comment when asked which address on the filing is correct. It is unclear if a deal for property at any of the sites has closed or if any of the parcels are under contract at this point." "Sources say office would be one use developed at the project, should it move forward. Adam Williams, with Legacy Real Estate Advisors, is handling retail leasing on the nearby Vantage South End, an approximately $300 million development with plans for two 11-story office buildings, retail space and a boutique hotel." "He described pending plans for 1111 S. Tryon as a major development step toward connecting South End and uptown." "The lack of delineation between the two will be an asset for both and continue to make South End/uptown Charlotte the most exciting market in the state if not the region." Link: https://www.bizjournals.com/charlotte/news/2021/08/10/midnight-diner-uptown-cabaret-sites-development.html?
  18. Mark your calendar. On Monday, August 16th, the U.S. Census Bureau will release in-depth demographic statistics from the 2020 census. The August data release will provide the first look at the demographic characteristics of the nation by state, county and city. Link: https://www.census.gov/library/stories/2021/07/upcoming-release-of-2020-census-redistricting-data-paint-clearer-portrait-of-america.html
  19. According to "Demographia World Urban Areas" ("DWUA"), 17th edition (2021), there are 985 "built-up urban areas" in the world with populations of 500,000 or more. DWUA methodology. "Built-up urban areas are not metropolitan areas." Instead, "a 'built-up urban area' ... is a continuously built up land mass of urban development that is within a labor market (metropolitan area or metropolitan region)." DWUA also states that, "An urban area is best thought of as the 'urban footprint' - the lighted area (“city lights”) that can be observed from an airplane (or satellite) on a clear night." (See Definitional Issues of the link below at pp. 2-9) The UN estimates 2007 was the year when, for the first time, more people in the world lived in urban than in rural areas. According to DWUA, "There are 36 megacities in the world (urban areas over 10 million population)." "A total of 90 urban areas have 5,000,000 or more population." By far, China has the largest number of "built-up urban areas" with 214. The EU has 89 "built-up urban areas." And, the United States has 76 "built-up urban areas" with 500,000 pop. or more. (See Schedule 1 of the link below at p. 19) Using DWUA's methodology, Charlotte ranked #249 of the 985 built-up world urban areas with a pop. est. of 2,111,000. Raleigh ranked #357 with a pop. est. of 1,522,000. (See Schedule 5 of the link below at pp. 98-99) Link: http://demographia.com/db-worldua.pdf Photograph: Cover, 17th Annual Demographia World Urban Areas: Buenos Aires: Retiro Railway Station with the Rio de la Plata in the background
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