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SouthPark neighborhood Projects


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45 minutes ago, t_money said:

Is this type of redevelopment a 'thing' that is happening throughout the country with church's and their property? The church must have made a lot of money with this project.

Yes some churches have a large properties especially in urban areas and projects like this are increasing in the country.  This situation here basically is the church gets a new building for its use and rest of the property is now on tax rolls.  Not sure about money made I think it is more the new building. 

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5 hours ago, KJHburg said:

Yes some churches have a large properties especially in urban areas and projects like this are increasing in the country.  This situation here basically is the church gets a new building for its use and rest of the property is now on tax rolls.  Not sure about money made I think it is more the new building. 

I figured the church sold most of their property for a lot of money, but is that not the case?

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14 minutes ago, t_money said:

I figured the church sold most of their property for a lot of money, but is that not the case?

not sure the agreement they may have gotten the money or the new building for free.  Not sure but it was a complex deal. 

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47 minutes ago, Cadi40 said:

Well that’s very disappointing, an REI location would’ve killed there. I’m still waiting for a Target location in SP. 

There were rumors of a smaller Target opening in Cotswold a couple of years ago. I guess it either wasn’t true or plans were dropped. It is surprising that Target hasn’t opened a store in this area yet. 

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No 15 story high rise apartment tower by Dominion across from Southpark Mall the Charlotte Ledger reports. 

""Plans for a 15-story apartment tower across from SouthPark Mall have been scuttled, with the developer saying another buyer made him an offer he couldn’t refuse.  Dominion Realty Partners had announced 365 apartments on the site of an old Fifth Third Bank branch across Fairview Road from the Nordstrom entrance to SouthPark Mall. It successfully had the land rezoned for the tower in June.  But after the rezoning went through, Dominion CEO Andy Andrews says, HomeTrust Bank swooped in and offered to buy the property with plans to convert the old bank branch into … a new bank branch."""

and no it is not a 5/3 branch but Home Trust Bank from Asheville. 

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On 1/16/2021 at 8:23 AM, KJHburg said:

No 15 story high rise apartment tower by Dominion across from Southpark Mall the Charlotte Ledger reports. 

""Plans for a 15-story apartment tower across from SouthPark Mall have been scuttled, with the developer saying another buyer made him an offer he couldn’t refuse.  Dominion Realty Partners had announced 365 apartments on the site of an old Fifth Third Bank branch across Fairview Road from the Nordstrom entrance to SouthPark Mall. It successfully had the land rezoned for the tower in June.  But after the rezoning went through, Dominion CEO Andy Andrews says, HomeTrust Bank swooped in and offered to buy the property with plans to convert the old bank branch into … a new bank branch."""

and no it is not a 5/3 branch but Home Trust Bank from Asheville. 

How much did the property sell for?  Considering what was going to be built there, seems like it would probably be incredibly expensive for just a bank branch.

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10 hours ago, nicholas said:

How much did the property sell for?  Considering what was going to be built there, seems like it would probably be incredibly expensive for just a bank branch.

Thats what I was thinking.  Prime location, "offer he couldn't refuse", at a time when banks are contracting....maybe a regional office thing like the SunTrust on Sharon?  If they just wanted to open another branch, why wouldn't they take the Wells Fargo space on Sharon across from mall?

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