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My 2019 Predictions someone has to get this started......
1. Lowes will open a new tech office in Charlotte near uptown or SouthEnd
2. More corporate relocations of various sizes mainly from the tri-state area of NY NJ CT
3. Apartment boom continues but at slower pace and spreads out to suburbs and northeast towards UNCC
4. More developments announced along BLE towards the university area including office developments closer in
5. Another major office tower will be announced in SouthEnd excluding the Spectrum and Portman proposals.
6. Legacy 3 will be announced (office hotel or residential to be determined)
7. The 77 toll express lanes will finally open and much to everyone surprise people will actually use them
8. Airport continues to grow with additional domestic and international service
9. Housing market continues to chug along price increases slow but affordable homes under $250K remain red hot.
10. More townhome developments are announced all over town
11. More tilt up warehouses tilt up all over the region
12. Rea Farms Village attracts major office tenant in Providence 485 market
13. Ballantyne development starts up again with 1-2 new buildings
14. SouthPark Mall lures a few new to market retailers
15. Eastland site finally gets going with some development work
16. Levine land holdings further sit idle but another parcel is sold off to be developed by someone else
17. North Tryon corridor gets going with some BIG bang announcements
18. Publix on N Tryon gets underway as apart of the 10 Tryon development
19. Capitol Towers 3 in SouthPark attracts new to market tenant
20. Surrounding counties especially Union, Cabarrus, Gaston and York heat up even more
21. Some BIG job announcements are announced elsewhere in NC
22. Record low unemployment in 2019 across the state
23. Charlotte attracts another big event for a future year
24. More QuikTrips are built around the region and Krispy Kreme finally admits its HQ is in Charlotte
25. KJ is spotted more around town at Superica, Sabor, Krispy Kreme and Ruth’s Chris and Chuys. He buys new camera too.
3-story mixed use building with Self Storage as primary business 96,907 SF on floors 2 and 3 and 11, 914 SF of retail/ restaurant and parking on the ground floor.
Corner of Colonial & Magnolia:
Colonial looking West:
Hillcrest & Magnolia looking east:
GF Site Plan and Site Location:
After being approved by the city in .. 2016 ? and the project stalling out, the land went back on the market and was eventually bought together with the plans which were at that point approved a second time and now we've finally reached demo/construction. While nowhere near as big as 520 Church also being built in the neighborhood right now, this project will still have a huge impact on this block of E Pine St and the neighborhood's image. The buildings being taken were functional, but the townhomes will bring more residents and a breath of fresh air.. extending the newer look of South Eola from S Eola Drive all the way out to the border of the neighborhood at Summerlin Ave.
I'm just as excited to follow this construction as the 520 Church project, they're so different but both bring new residents to South Eola and enhance the image of the neighborhood. If anyone has comments or pictures to share I thought I'd start the topic. Thanks !
The search for this thread was prompted by the big announcement that Crescent Communities is being acquired by Sumitomo Forestry America, a subsidiary of a Japanese firm.
There are many sides to this transaction:
Sumitomo Forestry America will pump more capital and is more vertically integrated now to handle future expansion and also sees huge potential in Charlotte. http://www.charlotteobserver.com/latest-news/article209961859.html in June of 2009 Crescent Resources filed for bankruptcy protection -- in June of 2010 they emerged https://www.bizjournals.com/charlotte/stories/2010/06/14/story2.html Rebranded in 2013 to Crescent Communities. Is Crescent -- being intimately acquainted with the market -- trying to cash out as this development cycle is ending? Or worse -- Crescent sees similarities to 2008 in the economy in general and is cashing out? Lets try to stick in the "market analysis" and stay away from "doom and gloom" - "sky is falling" realm.
I tried to find an existing thread for this, but the one I found is archived and not open for new posts... and it is from the "Great Recession" days.
Recently @Jones_ posted in the Triangle Economic News thread about Kane's desire for better transit at North Hills and how it would be amusing if he ended up being what could light a fire to cause light rail to actually become a thing around here.
This could be a fun exercise in the creativity of people on here. If you had to figure out how to run a light rail line between downtown (let's say the new Union Station) to North Hills, how would you route it? Would you go straight up Capital and over? Would you add a jog over to Five Points? Where would you have stops (if any)? Are the kind of developer that would be frugal/conservative to the community, would you bulldoze a daycare while laughing from your corner office, would you find a balance somewhere in between? Go go go!
I encourage use of Google's MyMaps to facilitiate and share ideas: