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Economic Development - Expansions and Relocations

J-Rob

By J-Rob
in Charlotte

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King of the Queen City
King of the Queen City
KJHburg
KJHburg

Now we can be the big BANANA again! Dole Foods moving corporate HQ from California to uptown!  ""Dole Food Co. is growing its business in the Charlotte region.  The agricultural company, the worl

tozmervo
tozmervo

Fingers crossed we're finally getting an IHOP uptown

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Lol, the top is nice, but the bottom of the building is really bad. Good that it never materialised.

*Hasn’t yet materialized*
Pretty sure UNCC building #2 will be here. I wouldn’t imagine they keep this design tho.


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4 hours ago, southslider said:

^If that tiny pad of butter is the old Dixie's Tavern building, then say buh-bye to much of First Ward Park.

Its not. Don't worry. Whats seen here represents the parking lot directly beside UNCC's first uptown building. I'm assuming that little pad of butter represents some sort of asset created for First Ward Park, as the park would be integrated around this building.

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j-man Burg

j-man

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On 1/31/2019 at 7:22 PM, JFerreira91 said:

Lol, the top is nice, but the bottom of the building is really bad. Good that it never materialised.

What??!! it is so unique and different from anything else in uptown. I wouldnt mind a piece of this building. What would you prefer? it going straight down?

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KJHburg Ecumenopolis

KJHburg

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I predicted this about wherever Amazon HQ2 split in 3 along with Nashville landed. 

From a subscriber article in the Business Journal today

Conway referenced the Amazon HQ2 search, which occupied much of the business news cycle last year as the e-commerce giant put out an open call for proposals to decide where to land 50,000 jobs and billions in investments. Amazon said in late 2018 that it would split HQ2 between New York City and northern Virginia.  When analyzing skills gap markets in the U.S., New York and the Washington, D.C., metro areas are among the toughest markets to find a labor force with particular skills to meet demand from a company, Conway said.  He said that since Amazon's announcement, at least 10 companies have contacted him "scrambling" to do site selection to relocate out of northern Virginia and New York.   "Amazon is already poaching workers" there, he continued. The states that companies are analyzing the most for potential relocation: Texas, North Carolina and Georgia. "I predict three to five years from now, we’ll look back and see New York and northern Virginia lost jobs and (other states) are going to be huge, huge beneficiaries," Conway said.

emphasize mine

https://www.bizjournals.com/charlotte/news/2019/02/06/expert-commercial-real-estate-disruptors-volatile.html?ana=e_du_prem&s=article_du&ed=2019-02-06&u=oAaDx%2B74FoP4qOJ%2By4AU6dhJPpc&t=1549484483&j=86507741

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Cadi40 Burg

Cadi40

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Suntrust is currently headquartered in Atlanta, BB&T is currently headquartered in Winston-Salem. This is a YUGE win for Charlotte. Here’s some more info..

https://www.wcnc.com/amp/article?section=money&headline=suntrust-bbt-to-merge-in-66-billion-deal-will-form-charlotte-headquarters&contentId=275-f46daa5e-e2a7-4621-92d9-8da06296ebd5&__twitter_impression=true

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Niner National Burg

Niner National

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3 minutes ago, AirNostrumMAD said:

YES!!!!!

 

Where were our hints you guys? I’m so outraged my out of the loop CLT friends informed me first. It’s unacceptable laymen’s know before I do 

My mom works for BB&t. They had recently fired several people from her management team. Was wondering if something was afoot.

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kermit Metropolitan Area

kermit

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Wow, I seriously thought this was a joke at first. Its very hard to overstate its importance on CLT.

couple of notes from the WSJ piece on this and my old guy memory.

  • BB&T will maintain ‘sizable’ operations in Winston (see Navigator’s post below re Suntrust). I have a feeling we wont see much back-office from this deal.
  • This new bank will have assets of around $442  billion. FYI Wachovia had assets of $812 billion around its time of death in 2008. BoA is $2.23 trillion and Wells is $1.95 trillion currently. Despite the magnitude difference this new bank will be the 6th largest in the US.
  • it wasn’t that long ago that Winston was a banking center that was competitive with Charlotte
  • Big winners: Uptown office space and the Charlotte Fintech cluster
  • Loser? US Bank may have a different view of CLT now 
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lancer22 Whistle-Stop

lancer22

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I will say this thing was kept more under wraps than anything I've seen in my career. A lot of folks knew about BofA, Ally, Allstate, Honeywell, etc before the announcement, but I heard exactly one very cryptic peep that this was happening. Kudos to the chamber of commerce  folks.

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j-man Burg

j-man

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50 minutes ago, Cadi40 said:

Suntrust is currently headquartered in Atlanta, BB&T is currently headquartered in Winston-Salem. This is a YUGE win for Charlotte. Here’s some more info..

https://www.wcnc.com/amp/article?section=money&headline=suntrust-bbt-to-merge-in-66-billion-deal-will-form-charlotte-headquarters&contentId=275-f46daa5e-e2a7-4621-92d9-8da06296ebd5&__twitter_impression=true

Charlotte is killing it in the developments lol! Watch out ATL. Hopefully they could buy some land on the North side of uptown and get things moving around there. 

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lancer22 Whistle-Stop

lancer22

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4 minutes ago, lancer22 said:

I will say this thing was kept more under wraps than anything I've seen in my career. A lot of folks knew about BofA, Ally, Allstate, Honeywell, etc before the announcement, but I heard exactly one very cryptic peep that this was happening. Kudos to the chamber of commerce  folks.

Also this has LU3 written all over it

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