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I've noticed recently that the apartment leasing company MAA (Mid-America Apartment Communities) has been buying/putting up their signage on many apartment buildings/complexes in the Charlotte area. I haven't been able to find many details about this, but just a few examples I can think of are 1225 South Church, now MAA 1225, the apartments across from the Harris Teeter in Southend (can't recall the prior name off the top of my head) and Phillips Place in Southpark. I've also noticed their distinct signage on complexes/buildings that I know have been around for years. Due to the general consistency in their branding, it's noticeable when they slap their very distinct and corporate logo on anything, new or recently acquired.
I was hoping to start a discussion, or at least catalog how many Charlotte area properties they own. Whether they build new, or simply prefer to acquire/rehab properties, and poll the UP crowd on their general perception of this company and ones like it who appear to be creating a small monopoly on the rental market in the Charlotte area and how this might affect things moving forward.
My 2019 Predictions someone has to get this started......
1. Lowes will open a new tech office in Charlotte near uptown or SouthEnd
2. More corporate relocations of various sizes mainly from the tri-state area of NY NJ CT
3. Apartment boom continues but at slower pace and spreads out to suburbs and northeast towards UNCC
4. More developments announced along BLE towards the university area including office developments closer in
5. Another major office tower will be announced in SouthEnd excluding the Spectrum and Portman proposals.
6. Legacy 3 will be announced (office hotel or residential to be determined)
7. The 77 toll express lanes will finally open and much to everyone surprise people will actually use them
8. Airport continues to grow with additional domestic and international service
9. Housing market continues to chug along price increases slow but affordable homes under $250K remain red hot.
10. More townhome developments are announced all over town
11. More tilt up warehouses tilt up all over the region
12. Rea Farms Village attracts major office tenant in Providence 485 market
13. Ballantyne development starts up again with 1-2 new buildings
14. SouthPark Mall lures a few new to market retailers
15. Eastland site finally gets going with some development work
16. Levine land holdings further sit idle but another parcel is sold off to be developed by someone else
17. North Tryon corridor gets going with some BIG bang announcements
18. Publix on N Tryon gets underway as apart of the 10 Tryon development
19. Capitol Towers 3 in SouthPark attracts new to market tenant
20. Surrounding counties especially Union, Cabarrus, Gaston and York heat up even more
21. Some BIG job announcements are announced elsewhere in NC
22. Record low unemployment in 2019 across the state
23. Charlotte attracts another big event for a future year
24. More QuikTrips are built around the region and Krispy Kreme finally admits its HQ is in Charlotte
25. KJ is spotted more around town at Superica, Sabor, Krispy Kreme and Ruth’s Chris and Chuys. He buys new camera too.
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.
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.
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