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

Our retail story continues to be written

By Mary Hopper Executive Director On any given week, the University City Partners office fields more calls about retail than anything else. While that has been true during all of our 10-year existence, those inquiries have accelerated with Belgate’s opening. Perhaps...

Making sure that University City is Center Stage

If you ever heard the adage, “Out of sight is out of mind,” you will appreciate University City Partners’ need to stay connected. UCP staff members devote a lot of time and energy to attending meetings, doing presentations and telling the University City story while...

A healthier future grows here

A new garden at CMC-University will soon yield berries, peppers, squash AND healthier humans, hopes garden founder Elaine Jones. A dietitian who counsels hospital patients, Jones sees the garden as a wellness classroom where adults and kids can learn about the...

Take that, crooks!

Campus crime dropped 30 percent between 2010 and 2011, says a new report from UNC Charlotte’s police. University City police also had a great year, with crime down 13.9 percent – the second best record of CMPD’s 13 divisions. One drop in particular indicates...