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CLT_sc

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Everything posted by CLT_sc

  1. Sprawl? Density of Greenville County is 574 per mile, Meck County is 1,755. Most southern cities/counties have sprawl and little appetite to stop it, especially in SC.
  2. Good, it appears you are more interested in trying to be funny, I’m sure a forum exist for that. Thanks, but don’t worry about me. Now, if you don’t want to talk about Greenville, why are you on here? Best post I have seen from you
  3. Good question LOL, are you here to talk about development?
  4. You said Greenville was like Portland, tell us why.
  5. At some point, you moton, and others should talk more about your city. If it’s great, post why. And, if you are really interested in development and improving QOL, it is critical to assess where you are and what could be improved. Sadly, maybe that should be added to the list.
  6. Tell your friend, it’s a 50/50 call about where the thread should be, some of it is development related. But, if you read the post, there is a lot about Greenville.
  7. Here’s a question, why do you talk about me instead of your city? If there are great qualities, share them.
  8. That’s a fair point, but many in Greenville have claimed that Greenville has a higher QOL than Charlotte, so it’s why I started there. Charlotte would obviously trail ATL in a lot of things....would love to have that aquarium here. But, some things aren’t as size driven. An example is job recruitment, Greenville and SC need to recruit more higher quality jobs. Greenville and Columbia would compare equally on most levels, Charleston is a different level.
  9. Since everyone can learn from others, it’s interesting to look at qualities of other larger cities that Greenville may want to emulate. I am familiar with Charlotte and Greenville, so: QOL factors The arts: Greenville has a nice performing arts facility in the Peace Center (although the interior could use work) but, beyond that, the depth isn’t there. It would be nice to have the Peace Center finished out like Belk and more theaters catering to various levels of shows. Charlotte has layers of performing venues to accommodate shows from broadway to local groups. From the visual arts, the Mint is really a national level museum and it’s not the only one in the city, it would be nice to see Greenville try and do more in this area. Healthcare: GHS is good, not great, CMC Main is a national level hospital with acute facilities. The Children’s hospital is world class. The upstate trails healthcare by a good margin. connectivity: both places have traffic. Greenville simply needs more transit. Charlotte has 20 miles of light rail in operation and more coming. Street cars will go through town connecting neighborhoods and the bus system, while not great, is comprehensive. air: not much GSP can do here to close the gap with CLT. The metrics are too wide to mention. jobs: this is a big issue in the upstate. Gaining good paying jobs is challenging, the area is manufacturing centered. Charlotte attracts Fortune 500 HQ’s. Greenville’s developments are often driven by the city and county government, Charlotte is market driven. Would be nice for Greenville to get off the government dependency. income: a derivative of jobs, but the gap should be smaller. Activities: Charlotte has the NFL, NBA and MLS. The city offers greenways, bike trails, neighborhood parks. Greenville does a good job here. in migration: Charlotte attracts 60k new residents each year and has become a top city for millennials/recent college grads. Greenville is trying to become cool, but it is hard to pull that off in SC when Charleston is the big name and Columbia attracts a younger crowd. Greenville is the center of the Bible Belt which is a hard reputation to overcome in attracting a younger crowd.
  10. According to business journal, Ally will lease the entire building. Time for another tower to start.
  11. 100% right....building higher will cost more and demand higher rents. If the rental amounts won’t support the higher cost, why build it. It’s the same reason you don’t see a Hudson Yards Building in Charlotte, the rents won’t support that type of building. And, I’m not sure Greenville needs it. A cluster of 10-15 story buildings work well into a skyline v one large 40 story just to say “we have the tallest building in SC”. Now, I also hate 4-5 story brick office buildings, so there is a balance. The other issue worth noting is that it’s nice to see tenants move around in market, it means they aren’t leaving. However, to really grow and move the needle in growing the market, more needs to be done in attracting new companies to the market or depend on growing in-market companies Charlotte has been to lucky to see both in companies like Lending Tree and Lowe’s while attracting new companies like Truist and Honeywell.
  12. I’m not sure I would say nothing to be concerned with. If downtown tenants are simply relocating, it doesn’t help other than to have cheaper backfill space to offer. One is showing space available. Where did Nelson Mullins move from? https://www.onegreenville.com/office.php
  13. The state of SC could definitely do more to keep and attract a workforce in Greenville, Columbia and Charleston. But, the focus has traditionally been on manufacturing, which isn’t bad....I would love to have BMW Plant Spartanburg in Charlotte. However, I think they need to do more in attracting and keeping companies in SC. State Street was the largest bank in SC and moved the HQ to a small town in Florida....no idea why that happened. Charlotte, Nashville, Raleigh, Atlanta all have great momentum in attracting people, Charlotte attracts 60k people annually. Flipping the switch and attracting deep pools of people is not impossible, but there are hurdles for Greenville to overcome. One is still listing a lot of space for rent, not sure if it includes subleased space too.
  14. It is a great time for the state of SC to recruit non-manufacturing businesses across the state whether its Charleston, Greenville, Columbia or Ft Mill/Rock Hill. the traditional challenge facing SC is the ability to produce a deep workforce that companies will look for when relocating. A lot of college grads head out of state to places like Charlotte, Atlanta, Nashville etc.... The #1 destination for grads of the Moore School of Business at USC is Charlotte. Another negative is the narrow scope of direct flights offered. QOL is a tricky measure, it means so many different things to different people. And, once you are out of the downtown area of Greenville, where 99% of the people live, is QOL a selling point when you are commuting on Lauren’s Rd, Haywood or Woodruff. The selling points would be low cost, cheaper housing and proximity to Charlotte Douglas Airport. QOL and conference centers won’t mean a lot in selling a company if they can’t get a strong workforce.
  15. What do you take from these numbers......negative CBD absorption.....CBD vacancy rate rising almost 100bps. The county was the big lease winner, that is not a good thing. Any new out of market companies attracted to downtown taking large blocks of contiguous space? One still has a lot of space on primary and sub lease market, poinsett has a lot of space, 301 College has a ton of space and BofA will have a big hole when they move down the street. now, if you said Charlotte is getting really expensive and it would be a good time for Greenville to try and leverage that into leases, you may have a point. But, winning architect awards isn’t going to attract companies. In fact, that wouldn’t be a top 10 reason why a company would locate to a city.
  16. Don’t do that....your posts on here are usually right on target.
  17. Maybe you haven’t seen the museums, residential towers, convention center, football stadium and other contiguous blocks of a yet to be completed project. Heck, even walk south and you have new retail happening at a great pace. Honestly, it feels like you’re looking for something to criticize . There are people on this board very involved with development who are trying to walk you back from the ledge. But, if you want to wait until the remaining 70% of this project is complete, then you will at least have something to fully discuss.
  18. Yea, the pessimism around a developing project is like awarding game balls in the first quarter. There are no ifs, there is a ton happening, a ton that has happened and a ton coming.
  19. First, we are trying to define this area of town by one or two blocks. .... this end downtown is made up of a lot more than LU and Ally. There are contiguous blocks which contain residential, museum space, stadium space and even convention space. And, a stadium that is increasing usage by over 300%, most likely more. Even with that, it make no sense to assume that with 35, 18 and 23 story towers, we won’t see hospitality. This project is not even 40% developed and it is already being criticized for things we don’t even know. I think that is presumptuous. But, I am happy to see a lot of interest in how this end of downtown develops. It is an important stepping point to Southend and that emerging district of downtown. I think it is way to early to claim that this side of town will be a ghost town after 5, and, based on what is there and what is coming, I don’t see that happening.
  20. It’s a little early to assess the impacts of LU and the surrounding area. The area is currently a construction project from Levine Ave of the Arts to somewhere across 277 depending on where you want to stop.... really could be down to Remount. And, Stonewall is clogged with construction down to BofA Stadium. This area is transformational though, and really creating a new center of downtown Charlotte. Once BofA tower is filled, Ally is filled, JW Marriott is operational and Duke is complete (these building are all almost fully leased) the activity will be very noticeable. The impact of DEC1 was noticeable by itself. But today, people are walking through shipping containers, under plywood, and around all kinds of construction trucks. So, unless you are interested in watching, it doesn’t make sense to expect this area to be flooded with people.....at least not yet.
  21. I hope they renovate this stadium instead of building a new one. Miami looked like BofA at one time and could be a good model. Since Tepper is building field level suites, it may be an indication that this stadium will see very extensive renovations. the business journal has an article about the Knights and how they are seeing many more events downtown which competes with their games. It is a good problem to have.
  22. Really strong numbers for Charlotte. I hope some in the national media take notice.
  23. Why “wow”? What do you see in here that is interesting? As much as people may complain, having the NFL and investing in a stadium benefits the city. And, it’s not unique to the NFL, developers in Greenville SC have made a fortune receiving tax credits to build in downtown Greenville....with a decent amount of empty buildings. There will never be a time in our life where someone is not making money off the government. As a city, we would be foolish to not invest in a stadium.
  24. Whether it is providing incentives for Mercedes to build in Alabama or British Airways to provide flights into Charleston, I am not a fan. But, that being said, you either pay to play or watch another city/town provide incentives. Tepper has a ton of cash as does Mercedes, Boeing, BMW etc...But, they also control a valuable asset in the NFL or a plant that politicians love. As a result, cities and towns pay. I don’t love it, but I’m glad to see the region provide incentives because collectively, it works for Charlotte.
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