Commercial Real Estate Roundup – October 2020

Sep 30, 2020 | Business Growth, Commercial real estate, Economic Development, Events, Job Growth in University City, Transit Oriented Development

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

Novant Health rezoning

Novant Health’s proposal for a medical center on North Tryon Street includes several transportation improvements

Novant Health medical center among 9 developments proposed for University City

  • City Council heard or approved 10 University City rezoning petitions at Sept. 22 meeting
  • Novant Health plans 144,000 SF medical facility at N. Tryon and Mallard Creek Church Rd
  • 8 other petitions would add nearly 2,000 housing units, 30,000 SF office/retail
  • The owners of the closed Gray’s Bookstore near campus are requesting broader retail uses
  • MORE

Recent building permits point to $125+ million in new construction

  • Permits issued since June include three residential projects near LYNX, campus
  • Lidl has started work on store on W. Mallard Creek Church Road
  • Casto gets permits for two retail/office buildings at The Pointe at University Place
  • MORE

Apartment sales in CLT and University City strong, Business Journal reports

  • Journal credits better-than-expected rent collections, rebound in debt markets
  • Increasing migration to Charlotte also buoying sales activity
  • University City sales in 2020 include:
    • Addison Park Apartments – $75.5 million; 426 units; 6225 Hackberry Creek Trail; Aug. 17
    • The Hamptons – $31.7 million; 180 units; 8415 University Station Circle; Aug. 17
    • Magnolia Terrace – $40.7 million; 264 units; 8301 Paces Oaks Blvd. Sept. 1
    • Greenway at Mallard Creek – $49.55 milion; 266 units; 8230 Greenway Village Drive; Sept. 16
  • MORE

Insurance and financial-services companies helping University City prosper

  • Centene Corp’s East Coast HQ is the latest coup for University Research Park
  • Business Journal says sector has grown this year while most others have shrunk
  • TIAA and four other insurance, financial-services firms have major offices in park
  • MORE

University City Partners events helping draw people to University Place

UNC Charlotte enrollment tops 30,000 while many colleges shrinking

  • University’s enrollment is biggest ever, with both graduate and undergrad growth
  • News reports say many schools nationwide seeing decline due to pandemic
  • UNC Charlotte is now No. 2 in UNC system, second only to NC State
  • MORE

Charlotte announces Thrive Hiring Grant to create new jobs

  • Grants will be provided for full-time positions that offer benefits within first month
  • Companies must commit to hire at least 5 people
  • Companies to get $5,000 per hire if they meet all eligibility requirements
  • SEE COMPLETE GRANT DETAILS

October Fast Fact

33% – Percent of new undergraduates at UNC Charlotte who are first-generation college students

0 Comments

Receive Up to Date News

SUBSCRIBE

Receive Economic Development News

SUBSCRIBE

View Past Newsletters

View Post by Category

Press Releases

Meet Jordan Harris

This month, UCP welcomed Jordan Harris as the Director of Community Development and Outreach. With over a decade of community relations experience in various roles, most recently serving as the associate director of community relations at UNC Charlotte. In her new...

We’re Back…with a Vision!

University City Vision Plan – Connecting: People. Places. Nature. The growth and development being realized in University City is nothing short of transformational.  Major investments in transportation and mobility infrastructure, thousands of new rooftops, new...

University City launches Barton Creek Greenway Native Meadow

By Azania Herron University City Partners, University of North Carolina at Charlotte Botanical Gardens and North Carolina Native Plant Society have partnered to install Barton Creek Greenway Native Meadows, a community native plant project in University City. On April...

New Farmers Market to open Oct. 3 at University Place

University City Partners announces the opening of University City Farmers Market on Oct. 3 around the lake at The Shoppes at University Place. Shoppers will find fresh local produce, food preparation programs and live entertainment. Open every Saturday in October The...

University City Wine Fest to Offer Socially Distanced Activities

New This Year: Wine on the Water and a Boutique Dining Experience.  Greystar University City Wine Fest will return this fall at multiple locations around the lake and boardwalk at Shoppes at University Place. The fourth annual festival will take place from September...

Where Will They Play?

We need more parks now – YOU CAN HELP A crisis caused by Charlotte’s explosive growth and government inaction threatens one of the most important assets of every truly livable city – public parks.   A recent nationwide study revealed that Charlotte has the least...