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http://m.bizjournals.com/charlotte/blog/real_estate/2015/06/bb-t-evaluating-office-space-needs-in-uptown.html

BB&T is evaluating its needs uptown stating there is too much inefficiency. They think 80,000 sq. feet will suit their needs better than their current 140,000.

Maybe this will help anchor another new tower? Not sure how significant 80K would be for say Portmans 615 College

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Wow, they are moving into the very building I am working out at (LA Fitness) this very second. It's not far from Arlington home. This building has been mostly vacant for at least six years, so they are probably getting a great deal. It is near a new proposed Metrostop, in Crystal City/Potomac Yard, near Pentagon City and Old Town, on US 1, and three minutes from DC and 395. Charlotte should be proud to be in such peer competition.

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Wow, they are moving into the very building I am working out at (LA Fitness) this very second. It's not far from Arlington home. This building has been mostly vacant for at least six years, so they are probably getting a great deal. It is near a new proposed Metrostop, in Crystal City/Potomac Yard, near Pentagon City and Old Town, on US 1, and three minutes from DC and 395. Charlotte should be proud to be in such peer competition.

 

Not even - they didn't like the location and it was something that could come along quickly for their timeline. It does not meet their parking requirements nor is it close to the airport they wanted (Dulles). Most of their workers currently are already working from Dulles due to the German flights. 

 

The state was not willing to offer anything and the city didn't have as much leverage as they should have for a simple deal as this.

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Article in the Observer talking about the possibility of poverty caps in schools:

http://www.charlotteobserver.com/news/local/education/your-schools-blog/article33828765.html

"In 2003, then-Superintendent James Pughsley warned the school board that once poverty levels at any school top 50 percent, you reach a tipping point where academic challenges soar. That was when the districtwide poverty level was 44 percent. Pughsley broached the subject of poverty caps, but the board quickly shot that down."

Today according to the article, the overall poverty rate in the CMS system is over 50%.  The articles points to two issues, #1 the general economic outlook of Charlotte's citizens.  #2 The economic segregation of our neighborhoods.  

 

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Outside of the South Wedge and North Meck areas, it's even more than 50% poverty. Inside South Wedge and North Meck, it's less than 50%.  Until these areas seriously rethink their boundaries, there's no hope for reversing the trend.

What should the south wedge/north wedge do to seriously rethink their boundaries?

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Have you looked at how the enrollment area of Myers Park HS is drawn on a map?  Not very compact.  Madison Park is closer to this top CMS school than many affluent areas of South Charlotte assigned there instead.

NoDa and Midwood could use a diverse neighborhood school that could include Belmont.  But CMS facilities like Piedmont, Midwood, Hawthorne, and Elizabeth are all former neighborhood schools.  And we wonder why we end up with the CMS dichotomy of Myers Park and Garinger.

Edited by southslider
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Have you looked at how the enrollment area of Myers Park HS is drawn on a map?  Not very compact.  Madison Park is closer to this top CMS school than many affluent areas of South Charlotte assigned there instead.

NoDa and Midwood could use a diverse neighborhood school that could include Belmont.  But CMS facilities like Piedmont, Midwood, Hawthorne, and Elizabeth are all former neighborhood schools.  And we wonder why we end up with the CMS dichotomy of Myers Park and Garinger.

A good bit of Madison Park is walkable to Myers Park High School. Madison Park is much closer to MPHS than say, Olde Providence which has been assigned to MPHS for a long time.  But Madison Park has never been assigned to MPHS.

Initially in the '50s, it was assigned to East Meck, until South Meck opened in 1959. Then it was assigned to South Meck until the early 1970s. Then Olympic for many years. Now Harding.

Madison Park is still doing very well as a revived, close-in neighborhood. But you could tack on 100-150k to each house if the neighborhood were assigned to MPHS or South Meck.

I don't pretend to understand how CMS draws its boundaries.

Edited by Silicon Dogwoods
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  • 2 months later...
6 hours ago, Piedmont767 said:

http://www.charlotteobserver.com/news/business/banking/article45268269.html

Wells Fargo is moving 350 jobs to Fort Mill, not a disastrous announcement becuase Fort Mill is a suburb but still jobs SC has pinched from CLT and NC. 

Keep in mind these are mortgage servicing jobs so this probably makes sense to put in a lower cost location like Fort Mill. Wells Fargo will not vacate the uptown office space. They will likely use it for other purposes. 

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8 minutes ago, Piedmont767 said:

Not surprised. GE is transitioning to be more of a tech and software development company than manufacturing. Raleigh has a much better workforce for that than we do.

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