Charlotte - The Real Deal

Entry level buyers sidelined amid robust market for pricey homes

TRD Staff — Mon, 19 May 2025 21:30:00 +0000

High-end homes are driving Charlotte’s residential market, but entry-level buyers are out in the cold. Overall sales are down slightly year over year, but activity is rising sharply at the top. Single-family home sales in April dipped 2.3 percent from a year earlier, with nearly 3,700 homes sold across the metro, the Charlotte Business Journal […]

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North Carolina lawmakers target local land-use power

TRD Staff — Tue, 06 May 2025 20:00:00 +0000

A proposal in the North Carolina General Assembly could shift land use power from local governments to the state, the latest in a growing national trend of lawmakers attempting to override local zoning to spur residential development and theoretically bring down housing costs. The state House Committee on Housing and Development is reviewing a proposal […]

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Affordable specialist nabs 15 acres for suburban multifamily

TRD Staff — Thu, 01 May 2025 20:05:49 +0000

Matthews is the latest growth target for one of Charlotte’s busiest multifamily developers. NRP Group has closed on a 15-acre site in Matthews, North Carolina, where it plans to build a mixed-use apartment community with 377 units, the Charlotte Business Journal reported. The Cleveland-based developer paid $3.5 million for the property at 11347 Brigman Road, […]

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Lenders seize uptown office tower for 31% its assessed value

TRD Staff — Mon, 28 Apr 2025 20:22:13 +0000

Two lenders have seized a major uptown tower at a steep discount after foreclosing on the property, the latest red flag for Charlotte’s struggling office market. Citizens Bank and Synovus Bank officially took ownership of the 32-story, 587,000-square-foot office building at 400 South Tryon Street with a $36 million credit bid, the Charlotte Business Journal […]

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Texas multifamily giant plans first Charlotte apartments

TRD Staff — Thu, 24 Apr 2025 21:00:00 +0000

One of Texas’ leading developers is gearing up for its first multifamily project in Charlotte. High Street Residential, the multifamily arm of Dallas-based Trammell Crow Company, wants to rezone just over 32 acres at 12744 and 12752 North Tryon Street for an apartment development, the Charlotte Business Journal reported. The development could include up to […]

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Affordable multifamily pitched for first Brooklyn Village phase

TRD Staff — Wed, 16 Apr 2025 15:00:15 +0000

One of Charlotte’s most high-profile redevelopment efforts is getting a major reset by shrinking the number of apartments in the first phase and pivoting to all affordable housing. BK Partners, the master developer behind the Brooklyn Village project in uptown Charlotte, proposed selling acreage for affordable housing to Charlotte housing agency Inlivian and Legacy Real […]

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Uptown business group seeks tax hike to boost perception

TRD Staff — Tue, 08 Apr 2025 21:38:01 +0000

Charlotte’s business community is asking for a tax plan to breathe life into its struggling uptown core. Center City Partners, the nonprofit responsible for managing and promoting Charlotte’s central business district, has proposed a tax rate increase on commercial and condo properties in two uptown municipal districts, the Charlotte Business Journal reported. The group is […]

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Lenders’ credit bid of $61 per sf reveals bottom of office market

TRD Staff — Thu, 03 Apr 2025 22:30:00 +0000

A distressed Uptown Charlotte office tower is staring down a major reset as it hits the bottom of the market. The 32-story, 587,000-square-foot tower at 400 South Tryon Street drew a lone $36 million bid at a public auction this week, far below its most recent assessed value of $115.3 million, the Charlotte Business Journal […]

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Costco takes Crosland Southeast development to next level

TRD Staff — Wed, 02 Apr 2025 21:34:31 +0000

Crosland Southeast expects to hit major milestones with its large-scale mixed-use project the Exchange at Indian Land this year. The local developer aims to start the residential portion of the development, at 8918 Charlotte Highway, in September, the Charlotte Business Journal reported, citing Crosland Southeast’s Yates Dunaway. Meanwhile, anchor tenant Lowes Foods is expected to […]

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Jamestown hits turbulence in Birkdale Village expansion plans

TRD Staff — Thu, 27 Feb 2025 20:00:00 +0000

Jamestown’s proposal to expand Birkdale Village met resistance after a split vote by the Huntersville Planning Board. The board voted 4-3 to recommend denial of the rezoning request, leaving the final decision in the hands of the Huntersville Board of Commissioners, who are set to review the project on March 18, the Charlotte Business Journal […]

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