Commercial Real Estate Roundup – January 2021

Jan 6, 2021 | Business Growth, Commercial real estate, Economic Development, Job Growth in University City, Transit Oriented Development, Transportation

January 2021 report on commercial real estate in University City – Charlotte

Centene East Coast HQ leads 2020 business news, says Charlotte Ledger

  • “That’s the huge one,” Ledger Executive Editor Tony Mecia tells WFAE.
  • Total jobs could top 6,000 – biggest jobs announcement in NC history, Mecia says.
  • Centene news also helps NC earn “2020 State of the Year” title from Business Facilities.
  • MORE

NOVEL Research Park sells for $69.5 million

  • Charlotte Observer says price is among highest ever for University City apartments.
  • The year-old community, now named Pointe at Research Park, has 280 units on 19.3 acres.
  • Site adjoins property purchased by Centene Corp. for East Coast headquarters.
  • Other recent sales in University City include RUSH student housing for $95.25 million.
  • MORE

Work under way or starting soon on 2 apartment communities

  • Spectrum JV is building 325-unit development near University City Blvd LYNX station. MORE
  • ContraVest to start work soon on Addison One15 at W. Harris Blvd and Old Statesville Road.
  • Addison One15 will offer attached garages, cybercafe, private office spaces. MORE

I-85 North Bridge update: work starting on utilities relocation in Research Park

  • Work will start soon along David Taylor Drive and Research Drive near Louis Rose Place.
  • Project will begin with tree removal. Utilities will relocate both underground and overhead lines.
  • City will work to maintain safety for workers, surrounding businesses and commuters.
  • Bridge and new roadway will link Research Park to University Place, LYNX, university.
  • Questions: Leslie Bing, project manager, at 704-577-8609 or lbing@charlottenc.gov.
  • MORE

Recent building permits in University City

Building permits issued from Sept. 7 to Dec. 8 2020 include:

  • Centene East Coast HQ – Phase 1 office Str. Frame and other work; 2405 Gov. Hunt Rd; multiple permits; Centene Corp.; $51 million total
  • Vue on University – Residential units and leasing office; 9905 University City Blvd; multiple permits issued; Vue on University Phase I LLC; $17.8 million total
  • 6800 Solectron – Building renovations; 6800 Solectron Drive; issued Oct. 16; 6800 Solectron Owner LLP; $12,286,600
  • Queen City Charter School – Middle and High School; 9108 Mallard Creek Road; issued Nov. 16; Charlotte Education Services LLC; $655,000
  • Monster Mini Golf – Indoor entertainment facility; 230 E. WT Harris Blvd.; issued Nov. 6; Monster Entertainment/Ready, Set, Glow LLC; $330,000

January Fast Fact

$553.5 million – Total selling price for 11 University City apartment communities sold in 2020.

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...