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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.
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.
Since I think the Amazon HQ2 thread should be officially retired, I thought it would be good to have a general Economic Development topic. If one exists, I couldn't find it. Obviously the city's ability to recruit relocations and expansions to Charlotte directly impacts urban planning and increased density in the central business district. @ricky_davis_fan_21 mentioned this in the Amazon HQ2 thread, but the CBJ is reporting on AllianceBernstein Holding L.P. scouting Charlotte. Charlotte makes so much more sense to me than Nashville does, simply because of the deep talent pool here. If we can't win this expansion... well, let's just hope we can land this. I would love to see an eventual tower on North Tryon, in South End, or in Elizabeth near the Grubb properties. Sounds like they plan to try to make a decision in the next 3 months or so.
I couldn't find a thread for the River District so I made one. I happen to be really excited about the River District, Most U.S. Major cities are on a river. Charlotte is near a river but not on it and I think River District will fill that hole, Most cities that have a river have lots of shopping and dining options along the river.
Since we have a Charlotte Greenways thread, I figured we should dedicate a thread to parks in general.
So, in 2nd Ward topic @kermit brought up the ParkScore by the Trust for Public Land: http://parkscore.tpl.org/city.php?city=Charlotte
I initially replied there, but this subject should be discussed in depth - and I could not find a thread that was dedicated to Parks overall (not just greenways). In my reply I compare it to Seattle - http://parkscore.tpl.org/city.php?city=Seattle
The CharMeck Parks and Recreation website has details on all existing parks: https://www.mecknc.gov/ParkandRec/Parks/Pages/default.aspx