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First Ward Urban Village / North Tryon Vision Plan

uptownliving

By uptownliving
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Desert Power Burg

Desert Power

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8 hours ago, KJHburg said:

see this giant doughnut photo?  it has as much to do with this thread as politics mentioned a few posts above.  Lets keep politics out of ALL threads except for the political digression thread otherwise this whole site will decline rapidly especially in an upcoming election year.  PLEASE. 

 

Why help Levine with your posts like this?

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dubone
dubone

https://en.wikipedia.org/wiki/National_Register_of_Historic_Places_listings_in_Mecklenburg_County,_North_Carolina Here are the remaining National Historic Registered buildings in Mecklenburg.   (

Urban Cowboy
Urban Cowboy

DANIEL LEVINE introduces the following uptown venues. Part of the Levine "FWF" Collection. First Ward Field Bring your own tent (no, seriously). Just not that kind of tent. Sweepin

KJHburg
KJHburg

Last time I will say this but this destruction of the old Barringer Hotel is a travesty.  NO OTHER NC city would be doing this today and all would have worked with the hotel and private developers to

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SgtCampsalot Town

SgtCampsalot

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15 hours ago, Nathan2 said:

Maybe I missed it...but why does the Levine parking garage even need to exist? Especially next to the blue line and possible future silver line. Parking doesn't seem to be struggling without it. In today's world we should be limiting the amount of parking in the cities cores. 

The city/county wanted this deck, and ONE MORE WHOLE parking garage for the public to enjoy First Ward Park, ImaginOn, etc.

Completely short-sighted, in the most perfect transit-oriented location

I am starting to get this strange, tickling feeling that Levine's catastrophic leadership of his company may be a slight blessing in disguise, as this is all pushing First Ward's growth out closer to the UDO being completed (and at least the new TOD), maybe hopefully killing that second parking deck's future altogether?

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TCLT Hamlet

TCLT

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Posted (edited)

Not sure how well the formatting is going to hold up, but here's a list of the properties in First Ward that Levine Properties owns and their tax liability. As far as I can tell, those are all owned by Levine associated entities.

Parcel Number  2019 Tax Bill   Assessed Value  Property Description
08002101  $           26,807.80  $            2,677,300.00 Lots on block bounded by College, 7th, 8th, and light rail
08002104  $           43,660.68  $            4,360,400.00
08002105  $              9,647.02  $            2,607,500.00 Strip adjacent to First Ward Park containing the Google Fiber building
08002120  N/A   $                137,100.00 Lots on block bounded by College, 7th, 8th, and light rail
08002121  $           85,666.23  $            8,555,500.00
08002122  $           23,821.94  $            2,379,100.00
08004109  N/A   $          10,291,800.00 Block with Charlotte Lab School and Enterprise
08004115  $         453,986.42  $          45,339,700.00 First Ward Urban Village Ruins
08004213  $           29,427.20  $            2,938,900.00 Planned hotel site on block with the Ellis
08004313  $         109,255.85  $          10,911,400.00 Lot between the light rail and UNCC CCB
08005101  $         126,002.60  $          12,583,900.00 Block between Brevard and Caldwell and 6th and 7th with Treloar Building and 7th Restaurant
08005110  $           22,677.44  $            2,264,800.00
08005113  $              9,125.85  $                911,400.00
08005114  $              9,451.28  $                943,900.00
08005115  $              5,170.71  $                516,400.00
08005116  $              9,963.42  $            1,890,500.00
08006301  $         194,109.01  $          19,385,700.00 Block with gravel lot for UNCC CCB
08006401  $           91,664.00  $            9,154,500.00 Block with First Ward Field and the rebar pond
08006405  $           10,694.89  $            1,068,100.00
08006406  $           17,527.75  $            1,750,500.00
08006407  $           22,552.28  $            2,252,300.00
08006408  $           36,389.24  $            3,634,200.00
08006410  $              6,549.50  ? 
   $     1,344,151.11  $        146,554,900.00  
Edited by TCLT
added data to the table
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TCLT Hamlet

TCLT

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Now my hot take: Levine Properties is broke.

A company in a healthy financial position doesn't let undeveloped/partially developed land sit for years carrying a sizable tax burden and unable to generate revenue. They wouldn't leave a fenced off rebar pit in the middle of a neighborhood if they were a responsible developer and had adequate cash flow. If Levine had access to funds, this garage would be done a long time ago. If he wasn't broke, construction wouldn't have stalled for a year over $4.2 million dollars he needed UNCC to pay. I don't think he can pay his contractors.  

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Madison Parkitect Burg

Madison Parkitect

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On 12/13/2019 at 3:11 PM, KJHburg said:

see this giant doughnut photo?  it has as much to do with this thread as politics mentioned a few posts above.  Lets keep politics out of ALL threads except for the political digression thread otherwise this whole site will decline rapidly especially in an upcoming election year.  PLEASE. 

 

On 12/13/2019 at 7:35 PM, KJHburg said:

look for the posting with lots of Red down arrows above.  

 

I should have assumed using Trump as an example would make people think I was being political, but I really was only talking about his history as a developer and property owner. I tried to get that across by not saying anything about his politics, but next time I'll find another developer with a questionable development record to use an an example. Sorry about that.

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JacksonH Hamlet

JacksonH

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On 12/16/2019 at 6:16 AM, Madison Parkitect said:

 

I should have assumed using Trump as an example would make people think I was being political, but I really was only talking about his history as a developer and property owner. I tried to get that across by not saying anything about his politics, but next time I'll find another developer with a questionable development record to use an an example. Sorry about that.

I made a similar comment a couple months ago.  It's difficult not to see the similarities, and they extend beyond what you wrote.

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TCLT Hamlet

TCLT

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15 minutes ago, Matthew.Brendan said:

and still taking up a lane for no good reason. 

The boarding up is being done by what seems to be a single crew of like 2 or 3 guys, a.k.a. as cheaply as it can possibly be done. Not sure he can afford to also be working on cleaning up the lane at the same time, what with the lane usage fees and property tax bills he's gotta pay soon. Construction labor is pricey nowadays. #levinesbroke

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TCLT Hamlet

TCLT

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On 12/18/2019 at 11:33 AM, mand1ng0sauc3 said:

Levine paid their taxes on 12/20/18 of last year. Can't wait to check back to see if those get paid before interest begins.. that may very well show the health of the companies finances :)

Well all of the tax bills were paid on 12/27/2019 except for the Ellis hotel site which was paid on 10/4/2019. The assessment/tax bills for about two thirds of the properties are being appealed, but the parking deck is not one of those.

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