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

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Press Releases

UCP Annual Report: Mobilizing the New Urban Center

2015 has been exceptional for University City and University City Partners, as our fresh-off-the-digital presses “2015 Annual Report” makes clear with exclamation marks! The report chronicles the opening of I-485, rapid progress on the LYNX light-rail line, strong...

UCP welcomes four new board members

University City Partners welcomes four new members to our Board of Directors: Shannon Dixon of Casto, Leslie Johnson of Mecklenburg County, Bobby Shields of Shielb PLLC, and Ryan Wetherington of Allen Tate. Each new member brings unique skills that will advance the...

Say hi to our new UNC Charlotte interns

University City Partners welcomes two very needed extra sets of hands – interns Abby Armstrong and Luis Martinez from UNC Charlotte. Abby, a senior marketing major, will help us share the news about UCP. Luis, a sophomore, hopes to gain insights into planning and...

UCP’s 2014 Annual Report captures our breakout year

What an amazing year! With light rail under construction, University City’s stretch of I-485 set to open next spring, dramatic jobs growth and resurgence in our neighborhoods, University City is being transformed. Our new 2014 Annual Report (CLICK to view or download)...

EPRI in University City wins the Jerry Award!

Congratulations to the Electric Power Research Institute (EPRI) for being one of two winners of the Charlotte Regional Partnership’s annual Jerry Awards for their contribution to the regional economy! From the Jerry awards: "The Electric Power Research Institute...

Fast growing Yodle comes to URP Cambridge Center

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Run like Rudolph through the University Research Park

Fun 5K/10K on Saturday will benefit Brain Tumor Fund for the Carolinas You can win three ways at the inaugural Run Run Rudolph 5K/10K race this Saturday in University Research Park: Finish first in either race OR win the crowd’s loudest applause as “best seasonally...

University City Partners Welcomes a New Executive Director

After working with us for ten years, our founding Executive Director, Mary Hopper, decided to leave University City Partners (UCP). In her time with us, Mary was completely devoted to supporting our focus on enhancing the economic vitality of University City. UCP has...