by Rich Haag | Feb 18, 2021 | Commercial real estate, Economic Development, Transit Oriented Development
Proposals for a massive industrial development, sports-facility expansion and adaptive reuse of an existing hotel are among several rezoning proposals in University City being reviewed by the Charlotte Mecklenburg Planning Department. Also being considered: Plans for several hundred multifamily housing units and an amendment to a 2019 rezoning change for more than 400 multifamily units near the University City Blvd. LYNX Station. Hearing dates have not been set for most of the requests. The Charlotte City Council will likely consider these proposals at an upcoming monthly rezoning meeting, held the third Monday of each month. To learn more about the rezoning process, click here. Recent rezoning proposals for University City 325 multifamily units near I-485 in Prosperity Village Petitioner: Bainbridge Communities Acquisitions III, LLC Petition: 2020-159 Hearing date: Feb. 22, 2021 Location: 14.8 acres on north side of Mallard Creek Road, NE side of Ridge Road and east side of Beard Road. Property is located just east of I-485 interchange. Details: Rezone property from R-3 single-family residential to R-22MF multifamily conditional, for up to 325 mulitifamily residential units. Five buildings and 545 parking spaces. Beer garden at Prosperity Athletic Club Petitioner: Premier Athletic Management, LLC Petition: 2020-193 Location: 10.5 acres on the east side of Browne Road near Benfield Road Details: Rezone property from Institutional conditional to B1 business conditional to allow for renovation/expansion of existing Prosperity Athletic Club. Changes include addition of beer garden. Major Industrial and multifamily development near Concord Mills Mall Petitioner: Childress-Klein Properties Petition: 2021-028 Location: 287.7 acres on the north side of I-85 just west of Concord Mills Mall Details: Rezone property from CC...
by Rich Haag | Feb 18, 2021 | Commercial real estate, Economic Development, Neighborhoods, Retail Expansion, Transit Oriented Development
Updated Feb. 18, 2021 Charlotte City Council approved plans for six multifamily housing communities in University City at its January and February zoning meetings. Other approved developments include a single-family community at Hucks and Browne roads; a rental facility on West WT Harris Blvd. and 145,000 square feet of commercial and retail as part of a major residential development near I-485. Here are details. Petitions approved by City Council on Jan. 19, 2021 712 multifamily and 26 townhomes near I-85 and University City Blvd. Petitioner: Geystar GP II, LLC. Petition: 2020-086 Location: 71.9 acres on south side of University City Blvd., west of Interstate I-85. Details: Rezoned from Research to R-12 MF (CD). Plan calls for dedicating all land in Doby Creek 100-year floodplain to county for future greenway. Development will include 12-foot shared-use path along University City Blvd. Commercial center and 432 apartments and townhomes near I-85 Petitioner: WSB Retail Partners, LLC. Petition: 2020-088 Location: 58 acres on the NE side of Prosperity Church Road and South side of Johnston Oehler Road Details: Rezoned from MX and R-3 residential to Comercial Center and UR-2 Urban Residential, conditional. Rezoning will allow up to 300 multifamily units, 132 townhomes and up to 145,000 SF of commercial and retail. Property is Prosperity Village development area near I-485. 157 duplex, triplex or single-family attached homes on IBM Drive Petitioner: J.S. & Associates, Inc. Petition: 2020-102 Location: 23.4 acres at IBM Drive and Neal Road. Details: Rezoned from R-8 MF conditional multifamily and R-4 single-family residential to R-8 MF conditional multifamily for up to 157 duplex, triplex or single-family attached homes. Plan calls...
by Rich Haag | 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...
by Rich Haag | Nov 11, 2020 | Business Growth, Commercial real estate, COVID-19, Economic Development, Events in University City, Job Growth in University City, Light Rail, Transit Oriented Development
November 2020 report on commercial real estate in University City – Charlotte Centene Corp. moving quickly on East Coast HQ at University Research Park Work has begun on 770,000 SF building on Gov. Hunt Drive. See slide show Centene leasing additional space at Camp North End. MORE Centene’s thousands of future IT jobs help lift Charlotte’s Tech Town ranking. MORE Centene is hiring. See current Charlotte job listings. See the progress on Escent Research Park office building and campus Short video compares current construction images and finished renderings. Video also offers highlights of University Research Park’s newest office building. Crescent Communities expects to deliver finished building in Q1 of 2021. MORE Apartment market stays hot, with 6 more sales in University City RUSH student housing near campus sells for $95.25 million, Business Journal reports. BJ reports sales of 5 other University City communities. Prices run 150% or more of appraised values: Barrington Place, 2410 Allerton Way, $63 million. Grantee: Greystar. The Commons at University Square, 9201 Glenwater Drive, $37.26 million. Grantee: Affiliate of Cedar Grove Capital. The Maxwell at Highland Creek, 5410 Prosperity Ridge Road, $62 million. Grantee: Knightvest Residential. Wexford Apartment Homes, 1811 Wexford Meadows Lane, $16.5 million. Grantee: Morgan Properties. Crossroads Station Apartments, 6940 Hidden Forest Drive, $12.52 million. Grantee: Peak Capital Partners. Rezonings OK’d on Oct. 19 for Novant Health medical center, new housing Novant Health plans 144,000 SF facility at N. Tryon, Mallard Creek Church Road. Five approved rezonings will allow up to 1,020 townhomes and apartments. City held hearings on 50,000 SF of offices, 130 for-sale townhomes near Mallard Creek Road. MORE 5 more...
by Rich Haag | Oct 22, 2020 | Commercial real estate, Economic Development
• Council also approves five rezonings for 1,020 townhomes and apartments. • Hearings held on proposals for offices, townhomes along Mallard Creek Road. Novant Health’s rezoning request for a 144,000-square-foot medical facility won unanimous approval from Charlotte City Council on Oct. 19. The council also unanimously approved five other rezonings across University City that would add more than 1,000 apartments, townhomes and one-floor attached homes. Two rezoning hearings also held on Oct. 19 were for two Mallard Creek Road tracts just west of West W.T. Harris Boulevard. One rezoning would allow up to 50,000 square feet of offices and similar uses while the other would permit up to 130 for-sale townhomes. Details are below. To watch a the meeting video, click here. A directory allows you to choose which items to watch. Charlotte City Council zoning decisions 1. Novant Health medical center on North Tryon Street Location: Western corner of North Tryon Street and West Mallard Creek Church Road Zoning change approved: 23.8 acres from mixed-use development, optional to mixed use development, optional, with site plan amendment Petitioner: Novant Health. Petition 2019-163 details Proposed uses: Up to 144,000 sf of medical and general offices uses with optional provisions for vacant land. Uses could include clinics, health institutions, surgery centers, and emergency rooms. Current zoning allows up to 1 million sf of general medical and office uses and other uses. Transportation improvements: Developer commits to provide numerous improvements both at the site and at the I-85 interchange with Mallard Creek Church Road. Other details: provide urban open space, plus 8-ft wide planting strip and 12-ft wide multi-use path along sites frontage...
by Rich Haag | Sep 30, 2020 | Business Growth, Commercial real estate, Economic Development, Events in University City, Job Growth in University City, Transit Oriented Development
October 2020 report on commercial real estate in University City – Charlotte 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...
