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54 minutes ago, KJHburg said:

Not sure if this is good news for Charlotte  or not but Belks owner Sycamore Partners would convert 250 JC Penney stores into Belks.  Wonder if the Plano based JCP corporate staff would come this way to Charlotte?

It might, or might not, be good for Charlotte. No matter how it plays out,  its bad news for Carolina Place Mall.

Edited by kermit

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7 minutes ago, kermit said:

It might, or might not, be good for Charlotte. No matter how it plays out,  it is certainly bad news for Carolina Place Mall.

Yes I think you are right.  Same mall owner in Atlanta with North Point Mall and they tore down Sears anchor are building apartments and outside restaurant park type area.  In the future I do agree I would love to see office buildings and more residential on the land and I do think that will happen.  If Jacque Penney does close at the mall that would be 2 vacant anchor spots.  

Check this out from the ATL

https://atlanta.curbed.com/2019/2/28/18243845/alpharetta-mixed-use-north-point-mall-avalon

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60 area companies on the INC 5000 the fastest growing companies in US.  Many tech but wide and variable businesses.

Fastest growing firm in NC?  Not here but up in Orange County in Hillsborough 11th fastest growing company in the country

https://www.inc.com/profile/nugget

Charlotte firms in the INC 5000

https://charlotteregion.com/blog/2020/08/12/research-data/60-fast-growing-charlotte-region-companies-make-inc-5000/

 

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52 minutes ago, rancenc said:

Intriguing!!  Who is this organization?  Where will it locate?  KJHburg you might have to start digging for information!!:tw_glasses:

https://www.wral.com/lawmakers-back-incentives-to-bring-sports-championship-employer-to-nc/19267486/

wonder if it is the US Tennis Association or some golf related organization?  USTA is based in White Plains NY high cost high regulation and many other issues.   Better weather in Pinehurst Southern pines area and lots of tennis there.  I guess we will see but most golf organizations are pretty happy in Florida or Texas as the PGA is moving to Frisco TX posh northern suburb of Dallas metroplex. 

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21 minutes ago, KJHburg said:

wonder if it is the US Tennis Association or some golf related organization?  USTA is based in White Plains NY high cost high regulation and many other issues.   Better weather in Pinehurst Southern pines area and lots of tennis there.  I guess we will see but most golf organizations are pretty happy in Florida or Texas as the PGA is moving to Frisco TX posh northern suburb of Dallas metroplex. 

What regulations are there in New York that would impact USTA?  Taxes, sure, but regulations?  It would be great to have them in NC though. 

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Just now, Phillydog said:

What regulations are there in New York that would impact USTA?  Taxes, sure, but regulations?  It would be great to have them in NC though. 

I guess I meant just any kind of local regulations if they wanted to expand there and foremost taxes.  Not sure if it is USTA but White Plains NY is a not a central location for the country

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9 minutes ago, KJHburg said:

I guess I meant just any kind of local regulations if they wanted to expand there and foremost taxes.  Not sure if it is USTA but White Plains NY is a not a central location for the country

Local regulations would be zoning and in most NC cities the zoning and design standards are not less demanding.  I know from having spent some time in Connecticut as a Planning Director.  The land use and design standards I work with in the Triangle are significantly more stringent.   What was easier was the availability of land, low-key public engagement, and a speedier review process.  Property taxes are higher, but you get what you pay for.  The schools and libraries are much better; they have a lot more transit and mobility options; seniors are treated better; and public facilities are nicer.   As my brother learned when he moved a factory from Maine to South Carolina, getting workers was harder -- basically too many weren't educated well enough to understand the technical manuals they needed to operate the equipment.  The company saved money on a tax break, but ended up having to pay for training and education.  

Edited by Phillydog
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On 8/13/2020 at 6:45 PM, KJHburg said:

60 area companies on the INC 5000 the fastest growing companies in US.  Many tech but wide and variable businesses.

Fastest growing firm in NC?  Not here but up in Orange County in Hillsborough 11th fastest growing company in the country

https://www.inc.com/profile/nugget

Charlotte firms in the INC 5000

https://charlotteregion.com/blog/2020/08/12/research-data/60-fast-growing-charlotte-region-companies-make-inc-5000/

 

Nugget is relocating to Butner, north of Durham on I-85.

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Doesn't say HQ...so guessing it's a satellite office/R&D division of the PGA.

Also guessing not in Charlotte...

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NC is one of the top states for people moving since the pandemic started and the 2 states most people are leaving NY and NJ.  none of this is a surprise to me look around and see the NY NJ license plates around town and they are not here on vacation.   

https://www.wraltechwire.com/2020/09/03/nc-among-top-migration-destinations-as-americans-flee-big-cities-during-covid-19/

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2 hours ago, KJHburg said:

NC is one of the top states for people moving since the pandemic started and the 2 states most people are leaving NY and NJ.  none of this is a surprise to me look around and see the NY NJ license plates around town and they are not here on vacation.   

https://www.wraltechwire.com/2020/09/03/nc-among-top-migration-destinations-as-americans-flee-big-cities-during-covid-19/

As long as they are not bringing in excessive amount of Corona "funk"!!:tw_confounded:

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