Jump to content

KJHburg

2019 Predictions

Recommended Posts


24 minutes ago, Tyrone Wiggum said:

Call me when DUK is over 9000.

I have to keep my mouth shut about DUK so as not to betray a confidence, but it's not out of bounds to ask why Duke isn't building a tower that can accommodate  both its present and future workforce as opposed to what appears to be the current piecemeal space solution.

Yea its weird to me too. I guess 2025-26 is too far ahead for them for some reaosn

  • Like 1

Share this post


Link to post
Share on other sites

I did this last year and had fun, so here are my (somewhat) realistic predictions for 2019.  Note I do not predict any type of  market crash or related recession next year, just more continued caution and restrained real estate and corporate lending practices leading to slower + more modest growth than the past few years.  CLT and NC get a few more corporate relocations, and CLT continues to see booming population growth and the recently finished apartments have little problem filling up.

Notable 2019 Groundbreakings:

  • Market 42
  • LU part deux
  • LU part trois (hotel)
  • Duke Energy (increased to 45 floors)
  • Portman SouthEnd
  • Spectrum SouthEnd
  • Capitol Tower III
  • Carolina Theater (has it already technically broken ground?)
  • EB Arrow stuff at University City 
  • NAI Elizabeth

 Notable New Project Announcements:

  • Panthers practice facility & HQ (on site of old Knights stadium)
  • Cousins across from DFA
  • BofA office, library, apartments (some affordable) & retail at 7th & College
  • BIG BANG (Silver + West with a Center City alignment on the north side through Levineland and a tunnel under Graham, plus a rabid bus instead of the Red Line commuter train)
  • Lots more small condo & townhome projects scattered across the city

 Notable non-happenings:

  • Nothing on Levine (not even selling land)
  • Nothing in Brookhill Village (my MLS stadium dreamsite)
  • Nothing at Eastland Mall
  • Nothing with Brooklyn Village
  • City buys Duke’s data center on 3rd, but doesn’t announce their intentions for it
  • Like 2

Share this post


Link to post
Share on other sites

Question to everyone about 526 S. Church...  To me I would think that LH/GS have too much risk to fill out the remaining sections of Legacy Union to spend millions more on 526 S. Church and potentially the parking deck across the street too.  Seems like too little diversification for one developer.

Obviously others disagree.  For those of you that think LH/GS will purchase 526 S. Church, do you really think there is enough mid-term development potential to fill out both Legacy Union and this redevelopment?  I would love to hear more thoughts on this.

Share this post


Link to post
Share on other sites

14 hours ago, lancer22 said:
10) Another South End office tower announced by the Design Center

 

 

 

I assume your talking about Harris land company behind Tupelo Honey. I hadn’t factored that in. 100k sq feet office, 20k retail it’s been getting kicked around for a few years. I believe it was linked to a suburban relocation a year or so ago, but haven’t heard much since.

 

Also Polk got a 500k demo permit. It starts coming down just after Christmas. They must be seeing enough interest in 550 Uptown. Which is why I said Lennar is the last over 20 floors, and didn't say over 14.

 

Sent from my iPhone using Tapatalk

 

Edited by ricky_davis_fan_21
  • Like 1

Share this post


Link to post
Share on other sites

I am excited over these predictions and maybe our ship has finally come in here in Charlotte!  

 

this ship is at the National Gingerbread Contest in Asheville at the Grove Park Inn

IMG_7297.JPG

18 minutes ago, J-Rob said:

Question to everyone about 526 S. Church...  To me I would think that LH/GS have too much risk to fill out the remaining sections of Legacy Union to spend millions more on 526 S. Church and potentially the parking deck across the street too.  Seems like too little diversification for one developer.

Obviously others disagree.  For those of you that think LH/GS will purchase 526 S. Church, do you really think there is enough mid-term development potential to fill out both Legacy Union and this redevelopment?  I would love to hear more thoughts on this.

I think with their financial partner Goldman Sachs it surely could happen as a long term hold i.e. maybe buy it hold it for while until Legacy is built out then continue over there.  I do think they are the most logical buyer. 

  • Like 3

Share this post


Link to post
Share on other sites
On 12/14/2018 at 7:48 AM, grodney said:

One or more new breweries will open.

My brewery related ones:

I think one or more breweries in the area will close up.

The 25k barrel self distribution cap will be increased. 

We will continue to see breweries open second locations as "tap rooms" much like Legion in South Charlotte.   

Fonta Flora in Optimist Hall becomes THE beer geek spot in town.

More out of town breweries announce plans to set up tap rooms in Charlotte.  Burial from Asheville comes mind after they get Raleigh open in 2019.  

Share this post


Link to post
Share on other sites

Predictions:

  1. Duke Energy Building - Rendering & Ground Breaking (39 Floors)
  2. LU2 - Ground Breaking & Top Out (Oct - Dec 2019) with LU3 announced but no groundbreaking till mid 2020
  3. Market 42 - Ground Breaking (1st Q2019)
  4. Market 42 Hotel - Ground Breaking (Late 4Q 2019)
  5. Spectrum Southend - Ground Breaking
  6. Portman Office Southend - Rendering &  Rezoning (1st Q2019), Ground Breaking (Late 2nd Q2019)
  7. Capitol Tower 3 Southpark - Ground Breaking  (Only office this year with no others announced till late 2020)
  8. Ballantyne Corporate Park Tower - Ground Breaking (Only office this year with no others announced till late 2020)
  9. Midtown Medical Office (Atrium) - Ground Breaking (Late 1st Q2019)
  10. StreetCar - Continued Construction with minor delays but opens on time for RNC (July/Aug 2020)
  11. West Mixed-Use Building (Mosiac) - Ground Breaking (Late 2nd Q2019)
  12. Slowed Apartment for Southend (Maybe only 2 announced but 1 groundbreaking by end of 2019)
  13. Slowed Apartment for NODA/OP Area (Maybe only 3 announced but 1 groundbreaking by end of 2019)
  14. Polk Site - Demolition, Ground Breaking (Late 2nd Q2019)
  15. N. Tryon (Publix Site) - Updated Timeframe announced (Groundbreaking Late 4th Q2019 to Early 2nd Q2020)
  16. UNCC Hotel @ JW Clay - Groundbreaking (Late 2nd Q2019), will not be open in time for RNC
  17. LightRail BL & BLE - Ridership & Travel Times will improve
  18. City Buses - Ridership & Travel Times will improve (Numbers released on their realignment/updated routes by late 3rd Q2019)
  19. Big-Bang Transit Plans - Fully determined routes released to public with funding Options by Late 3rd Q2019, ballot referendum Paperwork by 2nd Q2020 (For public up/down vote on Nov 2020)
  20. Cam Newton - Removed/Replaced as QB for Panthers 2019 Season (He's well loved but holding back the team)
  21. David Tepper - Announces HQ & Practice field plans, Requests specific amount Stadium Upgrades & releases schedule/Plans for  MLS
  • Like 2

Share this post


Link to post
Share on other sites
14 hours ago, lancer22 said:

High

 

13 hours ago, ricky_davis_fan_21 said:

 

I assume your talking about Harris land company behind Tupelo Honey. I hadn’t factored that in. 100k sq feet office, 20k retail it’s been getting kicked around for a few years. I believe it was linked to a suburban relocation a year or so ago, but haven’t heard much since.



 

Also Polk got a 500k demo permit. It starts coming down just after Christmas. They must be seeing enough interest in 550 Uptown. Which is why I said Lennar is the last over 20 floors, and didn't say over 14.

 

Sent from my iPhone using Tapatalk

 

Actually talking about the parking lot across from Superica. 

 

Share this post


Link to post
Share on other sites

6 minutes ago, lancer22 said:

 

Actually talking about the parking lot across from Superica. 

 

8) Back half of the Honey site  gets a small office tower announced. Who knows if it happens.

I apparently linked to the wrong number. I know about the office tower accross from Superica. 

Share this post


Link to post
Share on other sites
3 minutes ago, ricky_davis_fan_21 said:

8) Back half of the Honey site  gets a small office tower announced. Who knows if it happens.

I apparently linked to the wrong number. I know about the office tower accross from Superica. 

Sorry no, the Honey site is the one right in front of Spectrum South End and behind Alliance apartments. Refers to Honey Properties.

 

Share this post


Link to post
Share on other sites
Just now, lancer22 said:

Sorry no, the Honey site is the one right in front of Spectrum South End and behind Alliance apartments. Refers to Honey Properties.

 

ohhhhhh. I was thinking Tupelo Honey, or Honeywell before Honey Properties HAHA. I could see that happening. 

Share this post


Link to post
Share on other sites
10 minutes ago, AirNostrumMAD said:

Whatever happened with the interest in the buildings along Trade Street and Pine like, 5 years ago? 

haha, when I asked a contact that like 6 months ago they had no idea what I was talking about. You're talking about these buildings right?

image.thumb.png.75430d980a52dff4756366d647be68b8.png

https://www.bizjournals.com/charlotte/blog/real_estate/2014/01/toronto-group-buys-historic-west-trade-property.html

I found the article phew

Edited by ricky_davis_fan_21

Share this post


Link to post
Share on other sites
8 minutes ago, ricky_davis_fan_21 said:

haha, when I asked a contact that like 6 months ago they had no idea what I was talking about. You're talking about these buildings right?

image.thumb.png.75430d980a52dff4756366d647be68b8.png

https://www.bizjournals.com/charlotte/blog/real_estate/2014/01/toronto-group-buys-historic-west-trade-property.html

I found the article phew

Yes, I though I remember this was going to be something to watch near 2020. Obviously things could’ve changed but the cycle is maturing if they plan on doing anything. Hopefully not tearing these things down though!

Share this post


Link to post
Share on other sites
40 minutes ago, lancer22 said:

Sorry no, the Honey site is the one right in front of Spectrum South End and behind Alliance apartments. Refers to Honey Properties.

 

http://charlotteeats.blogspot.com/2012/08/yates-louis-yl-honey-hall-of-fame.html

http://charlotteeats.blogspot.com/2017/02/issie-pittle-hall-of-fame-restauranteur.html

Mr Honey had a restaurant at the Morehead-Tryon corner for years. He also had others in the city including one at the Freedom-85 interchange that I recall. After he closed his Morehead location Mr. Issie (Isadore) Pittle took the space and I ate there many times for breakfast. A breakfast plate, coffee and tip was 1 (one) dollar at that time. I could not prepare my breakfast at home for that price.

Mr. Honey, similar to nearly all the Greek restauranteurs, owned his real estate for his establishments.

Edited by tarhoosier
  • Like 3

Share this post


Link to post
Share on other sites

Okay I'll go...

-Ron Rivera fired. 

- Plan announced to renovate BofA Stadium ala Hard Rock in Miami with naming rights renewed long-term (early). Renovations estimated at $650+ million.

-Honeywell chooses South End. I'd like to say it'll be a yet to be announced tower, but I think it'll be Spectrum based on the rate they're moving. 

-South End will get another 100k tenant announced in addition to Honeywell

-Sycamore Brewing will sell to Portman...mass hysteria will ensue.

-2 CLT area breweries close doors for good in '19  

- S. Tryon corridor from South End to Billy Graham sees massive amounts of dense townhouse projects (for sale)

- Strawn & Brooklyn Village redevelopments remain quiet

-NAI tower remains quiet

- Shake Shack announces 2-3 more Charlotte locations, Charlotte Agenda HQ explodes as a result

- Amazon Go makes its way to Charlotte. Recently rebuilt Charlotte Agenda HQ explodes again

- Phillips Place gets second anchor tenant. 

-Earthfare gets bought. Closes Morrison location. 

  • Haha 2

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Recently Browsing   0 members

    No registered users viewing this page.

  • Similar Content

    • By Scribe
      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.
       
       
    • By Cadi40
      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. 
       
       
    • By Scribe
      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
       
    • By Neo
      [DOWNTOWN]
      Old Charlotte Observer Site
      https://api.ibeamsystems.com/api/cameras/6a0926d114/large/latest/?timestamped=true
      300 South Tryon
      https://oxblue.com/open/spectrum/tryon
      500 East Morehead
      http://oxblue.com/open/balfourbeatty/500emorehead
      WCNC Uptown Camera
      http://bit.ly/1EUryOq
      WBTV Charlotte Tower Cam:
      http://bit.ly/18bxd2Q
      Mecklenburg County Air Quality cam:
      http://bit.ly/qcxjgu

      Fountains at New Bern Station
      http://bit.ly/VpybvM

      Gateway West Apartments
      http://bit.ly/SuujZO
      Charlotte Knights:
      http://bit.ly/Q82NnY
      http://bit.ly/XsPm4u
      Downtown [Weatherbug]
      http://bit.ly/1iHqa3E
      1616 Camden
      http://bit.ly/1uBq0NJ
      300 South Tryon
      http://bit.ly/1DuOwew
       
      [METRO]
      Capital Towers
      http://bit.ly/1vaYTgd
      Langtree at the Lake
      http://bit.ly/VFAH75
      Silos at South End
      http://bit.ly/XsI9y8
      Circle at Piedmont
      http://bit.ly/N4bPMG

      1225 S Church (Phase 2)
      http://bit.ly/q13xeG

      330 W Tremont
      http://bit.ly/GOdPMq

      Lowes Motor Speedway:
      http://bit.ly/RqH4H6
      SkyHouse
      http://bit.ly/1jY0uiG
      Carowinds [Fury 325]
      http://bit.ly/1uwUXs8
       
      [ARCHIVED]

      Charlotte-Douglas International Airport
      http://bit.ly/qfnAq8

      Gastonia:
      http://bit.ly/qNbjZ5

      Lowes Motor Speedway:
      http://bit.ly/o3cQg3

      University of North Carolina at Charlotte:
      http://bit.ly/r6Xsa6
      http://bit.ly/otiia7

      UNCC Football Stadium
      http://bit.ly/qPiQNk

      Downtown from East:
      http://bit.ly/obTo0t

      Romare Bearden Park:
      http://bit.ly/KsXcAM

      Whole Foods
      http://bit.ly/nSbaIm

      UNCC-EPIC:
      http://bit.ly/pQCFms

      Aloft Ballantyne:
      http://bit.ly/oaDlYI

      Garrison at Graham:
      http://bit.ly/ruCxc7

      101 Tremont:
      http://bit.ly/nNkJRS

      Charlotte Observer/Wachovia Arts Complex:
      http://bit.ly/nIGQls

      210 Trade/Epicenter:
      http://bit.ly/pjfozW

      Avenue:
      http://bit.ly/oSMhys

      Catalyst:
      http://bit.ly/pbVilc

      Royal Court:
      http://bit.ly/p7HhPZ

      1225 S. Church (apartments):
      http://bit.ly/ngniyS

      Ballantyne Everett:
      http://bit.ly/pt9n2w
    • By uptownliving
      Haven't seen any news articles on this yet but ZipCar will be expanding into Uptown/Southend this summer. The city is providing 6 on-street locations and Zipcar will be providing 6 off-street locations. This is a 2 year pilot after which the city will decide to make it permanent or not.
      Some sample Zipcar locations will be:
      -Romere Bearden Park
      -UNCC/First Ward Park
      -New Bern Station
      Charlotte has been really late to the game in getting a car sharing service but glad it is finally arriving. This will give those of us that live downtown and don't own a car another transportation option for those longer in-city trips where transit takes too long or isn't available.
      I think the city should also partner with Car2Go. I have used this service in DC before and it's a nice alternative to uber/lyft if you don't mind driving yourself...plus you can park wherever you want as long as it its a legal parking spot.

×
×
  • Create New...

Important Information

By using this site you agree to our Terms of Use and Privacy Policy. We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.