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Elizabeth Projects (7th St, Elizabeth Ave, etc)


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13 hours ago, tozmervo said:

A project is starting later this year to make a stretch Monroe a hell of a lot more pedestrian friendly, with more stretches planned in the future. Monroe Road streetscape (charlottenc.gov)

So that's the project I made reference to in my comment above. It's an improvement to be sure, but it's such a limited section and it doesn't even improve the entire stretch. According to the drawings no sidewalks get added in front of the single family residences, not all sidewalks are widened or repositioned, and some sidewalks that are widened remain against Monroe. More stretches in the future is wonderful, but that's many years away from getting done. This isn't going to do much to move the needle on walkability along Monroe.

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  • 3 weeks later...

Coming to the Elizabeth area!

Charlotte Metro Credit Union, now with $1B-plus in assets, plans for modernized HQ in Elizabeth

Jun 21, 2022, 9:00am EDT
http://media.bizj.us/view/img/12287311/cmcu-hq-rendering-liquiddesign*304xx2169-1446-867-0.jpg
LIQUID DESIGN & ARCHITECTURE

A rendering of what Charlotte Metro Credit Union's new headquarters on Central Avenue will look like.

Charlotte Metro Credit Union will break ground on a new headquarters in the Elizabeth neighborhood in 2023.

The two-story, 48,000-square-foot building will be at Central Avenue and Piedmont Street. It will feature a second-floor terrace, an atrium space, two underground parking levels and a training room. The new location, with its rain-scene façade, will be able to house just under 200 employees, said Eric Gelly, president and CEO at CMCU.

He declined to provide a cost of investment.

Gelly said current operations are somewhat disjointed. The new headquarters is an opportunity to bring multiple lines of business under one roof — including administration, IT, finance and digital teams. CMCU will, however, keep its Matthews office on Trade Street to house mortgage operations. There are also call centers in the University area and in Greensboro, he said.

Gelly said it was important for the credit union to stay anchored in Elizabeth, where it has been for 40-plus years. The current headquarters, at 718 Central Ave., looks nothing like a modern financial institution. The new version will change that. It will also be connected to the flagship branch under construction at 912 Central Ave., he said. It was a priority for CMCU to have a branch separate from the headquarters, unlike its current setup.

"It's important for us to have that space now that we're getting larger and have more employees. They're going to have a new home now to feel connected to each other," said Gelly, who took over for longtime CEO Bob Bruns in May. "It just fell into place ... the way that we wanted to design the building and be connected with our branch."

The credit union plans to first finish the branch and then move on to the headquarters, Gelly said. Construction is slated to begin in early 2023, with a targeted completion in the second quarter of 2024.

This is the latest step in CMCU's post-merger growth strategy.

In early 2021, CMCU and Greensboro-based Premier Federal Credit Union announced plans to merge. The transaction closed on June 1 of that year, followed by a systems conversion a couple of months later. The combined institution has 18 branches and roughly 92,000 members. It has more than $1 billion in assets.

Gelly said the teams' integration is complete. CMCU plans to unveil a new name for the combined organization later this year — a final piece.

"We've done this in a very smooth fashion," Gelly said. "We've had so many big projects going on, and we have so many more going on that it's just been focused on results and taking care of the credit union."

The more scale the credit union can achieve, the more it can give back to members, he said.

Liquid Design is the project architect. CMCU has not settled on a general contractor.

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  • 4 weeks later...

Anyone in the know about what is going in at the Crescent building at 7th/Caswell? Specifically in the bottom retail/restaurant spots. Rumor is The Crunkleton pulled out (because the lease was going to be too expensive) and is now putting their new place in what will be the former Dollar General spot. 

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  • 5 weeks later...

Chicago developer expands into Charlotte, this time with $8 million Elizabeth land deal

A Chicago developer is continuing its reach into Charlotte with its most recent land purchase, this time in the Elizabeth neighborhood. In July, Centrum Realty & Development purchased five parcels in the area of 1801 E. 7th Street for $8.5 million, according to Mecklenburg County property records. The company has crews out on the site this week conducting soil sampling, but said it’s still too early to disclose its plans. There are three buildings on the site, which spans about 1.6 acres. Each is vacant and in various states of disrepair, said Centrum’s managing partner Larry Powers. The land is zoned business...

Centrum recently held an informal meeting with the Elizabeth neighborhood association to explain what its priorities are and to hear what the group’s priorities are, Powers said. The company has not yet talked about whether it would save the buildings for future use or clear the site and start over, he said. It’s also too early to say whether Centrum will seek to get a rezoning for the property. “We’re still studying all the uses we would consider viable and trying to wrap our arms around (the Unified Development Ordinance) and how it would affect this site,” Powers said.

 

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33 minutes ago, Miesian Corners said:

Chicago developer expands into Charlotte, this time with $8 million Elizabeth land deal

A Chicago developer is continuing its reach into Charlotte with its most recent land purchase, this time in the Elizabeth neighborhood. In July, Centrum Realty & Development purchased five parcels in the area of 1801 E. 7th Street for $8.5 million, according to Mecklenburg County property records. The company has crews out on the site this week conducting soil sampling, but said it’s still too early to disclose its plans. There are three buildings on the site, which spans about 1.6 acres. Each is vacant and in various states of disrepair, said Centrum’s managing partner Larry Powers. The land is zoned business...

Centrum recently held an informal meeting with the Elizabeth neighborhood association to explain what its priorities are and to hear what the group’s priorities are, Powers said. The company has not yet talked about whether it would save the buildings for future use or clear the site and start over, he said. It’s also too early to say whether Centrum will seek to get a rezoning for the property. “We’re still studying all the uses we would consider viable and trying to wrap our arms around (the Unified Development Ordinance) and how it would affect this site,” Powers said.

 

GIS shows them as being the owners of the five parcels fronting 7th between Lamar and Clement. This would be the church and the three bungalows next to it, plus the gravel lot on the corner of Clement.

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4 hours ago, sakami said:

Signage is up for the rumored Wine Vault in the old J Graham Salon space. I believe it is a wine bar but have heard little in the way of details. 

65D5D4F1-1FAC-400C-9C7F-B379A05EDE98.jpeg

Wine Vault in University is great!  Looking forward to this addition to Elizabeth.

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On 10/13/2022 at 11:41 AM, Miesian Corners said:

Chicago developer expands into Charlotte, this time with $8 million Elizabeth land deal

A Chicago developer is continuing its reach into Charlotte with its most recent land purchase, this time in the Elizabeth neighborhood. In July, Centrum Realty & Development purchased five parcels in the area of 1801 E. 7th Street for $8.5 million, according to Mecklenburg County property records. The company has crews out on the site this week conducting soil sampling, but said it’s still too early to disclose its plans. There are three buildings on the site, which spans about 1.6 acres. Each is vacant and in various states of disrepair, said Centrum’s managing partner Larry Powers. The land is zoned business...

Centrum recently held an informal meeting with the Elizabeth neighborhood association to explain what its priorities are and to hear what the group’s priorities are, Powers said. The company has not yet talked about whether it would save the buildings for future use or clear the site and start over, he said. It’s also too early to say whether Centrum will seek to get a rezoning for the property. “We’re still studying all the uses we would consider viable and trying to wrap our arms around (the Unified Development Ordinance) and how it would affect this site,” Powers said.

 

This is huge for this stretch of 7th.  It's a full block of primary real estate that is currently filled with abandoned buildings and broken sidewalks.  Hopefully the ECA doesn't fight them against putting apartments there.  It should be a well developed stretch from the streetcar to the Crunkleton.

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  • 3 months later...

https://www.bizjournals.com/charlotte/news/2023/02/01/centrum-realty-elizabeth-mixed-use-rezoning-cre.html

""Chicago-based Centrum Realty & Development is turning its attention toward new mixed-use plans in Elizabeth.

Centrum filed a petition with the city of Charlotte yesterday to rezone 1.63 acres at 1801 E. Seventh St., from B-1 to MUDD-O. Larry Powers, the firm's managing partner, told the Charlotte Business Journal that Centrum is in the very early planning stages for a mixed-use project there that will likely include multifamily and commercial components.

Powers declined to reveal project specifics, as Centrum is in active discussions with the community. The firm closed July 6 on its $8.5 million purchase of five parcels at East Seventh Street and Lamar Avenue, according to Mecklenburg County real estate records.""
Demolition of a church and three other vacant structures on the site has begun, a process Powers said was accelerated because of an increase in vandalism there.""

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