Commercial Real Estate Roundup – July 2020

July 2020 report on commercial real estate in University City – Charlotte

Centene Corp. East Coast headquarters

Centene Corp. East Coast headquarters

Centene to break ground on URP campus in August

  • First buildings will be 770,000 SF main building and parking garage, Charlotte Observer reports
  • Centene completed purchase on July 10 of 80.1 acres along Gov Hunt Road for $10 million
  • Read full July 1 news release about Centene’s East Coast HQ plans
  • MORE

Innovation Park owners unveil plan to take massive complex to the next level

  • Accesso Partners seeks rezoning for mixed-use development around existing facility
  • Proposal would add multifamily, retail, hotel and offices, says Business Journal
  • Rezoning will be “dense,” with modern, higher-end product, says Accesso Partners’ CIO
  • MORE

Shorenstein seeks OK for offices, parking near its 6800 Solectron Dr building

  • Rezoning would allow 50,000 sf of new development and parking, Business Journal reports
  • Shorenstein bought 6800 Solectron flex building in 2019, announced plans for offices
  • Rezoning is for 12.4 acres between Mallard Creek Road and 6800 Solectron property
  • MORE

UCP to co-host interactive discussion about small-business grants on July 22

  • Online event takes place 3 pm July 22 on University City Partners Facebook Page
  • Qualifying businesses will receive grants of either $10,000 or $25,000
  • Key speaker will be Holly Eskridge, city’s asst. economic development director
  • MORE

Podcast features Darlene Heater discussing “Driving Business in University City”

  • Heater talks with Jeffrey Jones of Belk College of Business on Charlotte Business Buzz
  • Topics include University City’s rapid growth, the challenges of the pandemic and what lies ahead
  • MORE

University City leads Charlotte’s multifamily housing boom, says CoStar

  • Recent report says over 2,000 units are under construction
  • CoStar says LYNX BLE opening spurred growth, with 1,600 units finished in last year
  • University City is CLT’s No. 2 jobs center and a hotspot for new residents, report says
  • MORE

City Council OKs UCP request for smaller setbacks in RE-1 and 2 districts

  • July 20 council vote reduces building setbacks to 40 feet in both research zoning districts
  • UCP says that placing buildings closer to streets will make streetscape more attractive
  • Planners say change supports Research Park Area Plan goal to create urban environment
  • MORE

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To receive this monthly report via email, contact Darlene Heater at DHeater@universitycitypartners.org.

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