Commercial Real Estate Roundup – July 2020

Commercial Real Estate Roundup – July 2020

July 2020 report on commercial real estate in University City – Charlotte 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...
Join us July 22 for interactive discussion on small-business grants

Join us July 22 for interactive discussion on small-business grants

Join University City Partners and Holly Eskridge, Assistant Economic Development Director for the City of Charlotte, on July 22 for an interactive discussion about the Access to Capital grants available for small businesses. How to take part The event will take place 3-3:30 pm July 22 using Facebook Live. Access the event via the University City Partners Facebook page. About the grants Through the small business recovery program, the City of Charlotte is distributing $30 million in federal CARES Act funding to small businesses headquartered within the Charlotte city limits. The program is a part of the City’s Open for Business Initiative. Qualifying businesses will receive grants of either $10,000 or $25,000, depending on number of employees. Foundation for the Carolinas serves as the city’s grantmaking partner for this effort. The July 22 online program is being hosted by University City Partners and Foundation for the Carolinas. Questions? If you have questions about the July 22 program, contact Darlene Heater at dheater@universitycitypartners.org. Visit the Open For Business website to learn more about the grant program and how to apply. Please share! Please share this email with any local small-business owners you know....
Even this spring, new buildings rising in University City

Even this spring, new buildings rising in University City

While many activities stopped or slowed dramatically this spring during the COVID-19 pandemic, construction has continued on major projects across University City. Here’a a quick look at several of those projects: Aria at the Park for-sale townhomes in University Research Park Escent Research Park office building in University Research Park Lumeo Apartments near University City Blvd LYNX station Mallard Pointe Apartments near Mallard Creek Church Road Mosby University City Apartments near the University City Blvd LYNX Station Top Golf North Charlotte in Entertainment District University Division Police Station on North Tryon Street UNC Charlotte Hotel and Conference Center at the JW Clay Blvd LYNX Station UNC Charlotte Science Building The Vue on University student housing at University City Boulevard and Mallard Creek Church Road Woodspring Suites extended-stay hotel near the University City Blvd LYNX...
A fast ride for Giant University City bike shop

A fast ride for Giant University City bike shop

Shane Hockensmith sits at a table in front of his store on Memorial Day and points out the cars with bike racks slowly rolling past. “They’re checking to see if we’re open,” he says. Giant University City, our community’s only bike shop, is closed to customers this day, but inside, the store’s four employees are assembling recently sold new bikes and repairing others. In 22 years, the bike shop near UNC Charlotte has never been so busy. “The last six to eight weeks have been a blur,” Hockensmith says. To keep up, he puts in 65-70 hours a week, much of it at the store with his staff of four, who also work long hours. He hasn’t had time to work out or ride his mountain bike. And he hasn’t cut his hair since Feb. 1. “My wife says I now look like a bike-store owner,” Hockensmith says, grinning. The turning point for Giant University City That time blur for Hockensmith and his staff at Giant University City began in late March as America came face to face with the coronavirus pandemic. Businesses big and small struggled to grasp the new rules of operation. “The first question was, would we be called an essential business? If not, could we stay open? And how would we pay employees?” Hockensmith says. North Carolina, like many other states, eventually decided that people do need bikes – even during a pandemic shut-down – for transportation, fitness and recreation while they sheltered at home. Creating a new way to do business Answering that first huge question immediately led to many more operational issues that needed...
Resources for businesses, communities dealing with the coronavirus pandemic

Resources for businesses, communities dealing with the coronavirus pandemic

The NC Main Street and Rural Planning Center has prepared several resources to help businesses and communities respond to the massive challenges created by the coronavirus pandemic. Click on each of the four images and text links below to access downloadable resources. Tips for Small Businesses Tips for Downtown Programs and Community Leaders Tips for Small Businesses needing Customers   Chart of community...
These 4 new restaurants will tempt your tastebuds

These 4 new restaurants will tempt your tastebuds

Locally based restaurants offering Indian street food, Latin American street food, Southern fare and American comfort food and have opened recently in University City. Here are the details.   Chatpatay Casual Indian Kitchen Chatpatay opened its second Charlotte location last fall at 9211 N. Tryon St. close to the JW Clay Blvd Lynx Station. “We are a casual Indian restaurant where we bring the street food straight from Mumbai Chaupaati to Charlotte,” says the restaurant website, which describes Chaupaati as “one of the most famous public beaches in Mumbai where food enthusiasts enjoy a vast selection of street food from the “Thelas” or food carts.” The website has much more detail about the inspirations for its dishes, the people who will prepare your meal and the ambiance you’ll experience while dining. Most of the 78 reviews so far on Yelp for the University City location are enthusiastic. “An unassuming gem, tucked into a strip mall, this place is BURSTING with flavor,” reviewer Elise posted on Jan. 28. “As far as the food goes, it was AMAZING!!! Very tasty and different from the traditional Indian food,” Rick from California wrote after his visit on Jan. 2. The original Chatpatay is at 9101 Pineville Matthews Road in Pineville. Chatpatay at a glance 9211 N. Tryon St. (the former Kohl’s shopping center across from UNC Charlotte). Directions 980-875-7775 Open 11 am-3 pm and 5-9:30 pm Mondays, Wednesdays, Thursdays and Saturdays; 11 am-3 pm and 4-10 pm Fridays and Saturdays; Closed Tuesdays. Services: Order online. Catering. Delivery Website Yelp page   Cuzzo’s Cuisine University A food truck proclaiming “World Famous Lobster Mac-n-Cheese” has...