Jump to content

Uptown Charlotte Outlook


Found in Uptown

Recommended Posts

Hello Folks,

Long time reader, first time poster.

What are your thoughts on the pros and cons of living and owning in uptown?

I'm getting ready to sign a contract on a high-rise condo in uptown, and I'm getting the last minute jitters.

My thoughts:

Pros

1. 2nd largest banking city in the nation with a number of other Fortune 500 companies.

2. Growing population in a rather under-developed uptown means lots more room to grow.

3. Decent night life, great restaurants and developing necessities (e.g., Target near Kings Dr. and entertainment center in the Epicentre).

4. At $300-$500 per sq ft now, relatively well-priced and should appreciate well in 5-10 years.

5. Great sports and arts around uptown means there is a lot to do for all types of folks.

Cons (Risks)

1. Is $300-$500 per sq ft really well-priced?

2. Risk of one of the two banks leaving - although unlikely, but could Wachovia be bought and moved?

3. Is Charlotte in general a growing story of Atlanta 5-10 years ago or a bubble story with too much residential development?

I would greatly appreciate your comments on these thoughts or your new ideas!

Link to comment
Share on other sites


  • Replies 3
  • Created
  • Last Reply

Archived

This topic is now archived and is closed to further replies.

Guest
This topic is now closed to further replies.
  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • 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.