Charlotte Property Bulletin

Modern Living in the South End: Discover Foster Flats Affordable Luxury in the Heart of Charlotte Experience the vibrant energy of Charlotte's South End with Foster Flats. This modern living community offers an exceptional blend of affordability and luxury, making it the ideal choice for those seeking both comfort and convenience. Prime Location Nestled in one of the most sought-after neighborhoods, Foster Flats provides residents with easy access to a plethora of dining, shopping, and entertainment options. The South End's lively atmosphere ensures there's always something to do, right at your doorstep. Stylish and Contemporary Design Foster Flats features sleek, contemporary designs that cater to modern lifestyles. From spacious floor plans to high-end finishes, every detail is meticulously crafted to offer a comfortable and stylish living experience. Amenities that Enhance Your Lifestyle Residents of Foster Flats enjoy an array of amenities designed to elevate their living experience. Whether it's the state-of-the-art fitness center, the refreshing pool, or the communal spaces perfect for socializing, there's something for everyone. Affordable Rent, More Living One of the standout features of Foster Flats is its competitive pricing. Offering exceptional value, residents can save on rent and allocate more of their budget to enjoying the vibrant South End lifestyle. Foster Flats makes it possible to live more while spending less. Join the Community Foster Flats is more than just a place to live; it's a community. With regular events and a welcoming atmosphere, residents quickly feel at home. Come be a part of this thriving community and enjoy modern living in the heart of Charlotte's South End. Discover Foster Flats Today If you're looking for a modern, affordable, and vibrant place to call home, Foster Flats is the perfect choice. Discover the difference today and start living your best life in the South End.

Charlotte's Housing Market Dynamics: Boomer Buyers and First-Time Homeowners Charlotte's housing market is seeing interesting trends as different generations navigate home buying: 1. Boomers' Buying Power: Baby Boomers are significantly influencing the housing market in Charlotte. With more financial resources and equity, they are often outbidding younger buyers, securing homes in desirable neighborhoods and contributing to rising home prices. 2. Challenges for First-Time Buyers: First-time homebuyers are finding it increasingly difficult to compete. Rising home prices and limited inventory mean they face tough competition and often need to compromise on location or home features. These trends highlight the shifting dynamics in Charlotte’s real estate market, affecting both seasoned homeowners and those looking to enter the market for the first time. #CharlotteHousing #RealEstateTrends #HomeBuying #BoomerBuyers #FirstTimeHomebuyers #MarketDynamics

Charlotte's Uptown Changes: Dandelion Market Closing and Food Truck Surge Charlotte's Uptown is experiencing some significant shifts. Here’s what’s happening: 1. Dandelion Market Closing: After 15 years of serving the community, Dandelion Market is closing its doors. Known for its vibrant atmosphere and diverse menu, this beloved establishment will be missed by many. Rising rent costs have been cited as a key factor in the decision to close. 2. Food Truck Scene Rising: As brick-and-mortar establishments face challenges, the food truck scene in Uptown is thriving. Offering a variety of cuisines and flexible locations, food trucks are becoming a popular choice for both locals and visitors, adding a dynamic culinary element to the area. These changes reflect the evolving landscape of Charlotte’s Uptown, highlighting both the challenges and new opportunities within the community. #CharlotteNC #UptownCharlotte #LocalEats #CommunityNews #FoodTrucks #RestaurantChanges

Key Real Estate Moves in Charlotte: Recent Acquisitions and Sales Charlotte's real estate market continues to thrive with notable acquisitions and sales. Here are the latest highlights: 1. Ascent Real Estate Capital: Making waves with their recent acquisition of the 933 Louise Ave property, Ascent Real Estate Capital is set to transform this location into a dynamic mixed-use development. This move underscores their commitment to enhancing Charlotte's urban landscape. 2. Catawba Brewing Co.: A significant shift in the local brewery scene as Catawba Brewing Co. announces the sale of its Charlotte location. This sale marks a new chapter for the brewery, with potential new ventures on the horizon. Stay informed on these developments as they shape the future of Charlotte’s real estate and business community. Exciting times ahead! #CharlotteRealEstate #UrbanDevelopment #BusinessNews #LocalBreweries #CommunityGrowth

Exciting New Additions to Plaza Midwood's Commonwealth District! Plaza Midwood is buzzing with excitement as new businesses set up shop in the Commonwealth District. Here’s a rundown of the latest openings that are bringing fresh flavors and fitness to the community: 1. Uchi: Get ready to experience a modern twist on Japanese dining. Uchi is known for its inventive approach to traditional dishes, offering a culinary adventure that’s sure to impress food enthusiasts. 2. Van Leeuwen Ice Cream: A new go-to spot for ice cream lovers, Van Leeuwen is celebrated for its artisan flavors and quality ingredients. Whether you're into classic scoops or innovative vegan options, this is a must-visit. 3. Solidcore: For those looking to step up their fitness game, Solidcore is now in town. This fitness studio is renowned for its intense, full-body workouts that challenge and transform. Plaza Midwood continues to thrive and evolve, making it a hotspot for dining, shopping, and living. Stay tuned for more updates as this vibrant neighborhood grows. #PlazaMidwood #CharlotteNC #CommunityUpdate #NewBusiness #LocalEats #FitnessCommunity

🚨 Charlotte Knights and Uptown Ballpark Sold to New York-Based Group 🚨 Big changes for Charlotte's beloved minor league baseball team! The Charlotte Knights, along with Truist Field and the associated pub, are being acquired by Diamond Baseball Holdings (DBH), a New York-based ownership group. Key Highlights: - New Ownership: Despite the change, the Knights will remain the Triple-A affiliate of the Chicago White Sox. COO Dan Rajkowski and the front office staff will stay on board. - DBH Reputation: Known for managing successful and innovative Minor League Baseball franchises, DBH is committed to investing in community-focused teams. - Legacy: This marks the end of an era for Don Beaver and Bill Allen, who have owned the team since 1997. Truist Field has welcomed over 5 million fans since opening in Uptown Charlotte. Statements: - Dan Rajkowski: "DBH leads some of the most successful and innovative Minor League Baseball franchises in America with a reputation for investing in those communities." - Pat Battle and Peter Freund, DBH: "The Knights embody the best of MiLB with a one-of-a-kind setting, unmatched family entertainment, and a significant role as a community leader." Next Steps: The deal requires league consent and satisfaction of other conditions before finalizing, expected to happen soon. Stay tuned for more updates as we welcome this new chapter for Charlotte Knights! #CharlotteKnights #MinorLeagueBaseball #CommunityInvestment #NewOwnership

🚨 Charlotte City Council Approves $650M for Bank of America Stadium Renovations 🚨 Exciting news for Charlotte! The City Council has greenlit a $650 million investment to modernize Bank of America Stadium, securing a 20-year commitment from the Carolina Panthers and Charlotte FC to stay in the city. 🏈⚽ Key Points: - Economic Boost: Expected to attract more large-scale events, benefiting local businesses and the economy. - Funding: The renovation will be funded by hospitality and tourism taxes. - Renovation Timeline: Construction starts next year and is set to complete in 2029. Improvements include upgraded seating, locker rooms, restrooms, sound equipment, a new patio, and a modernized façade. - Community Impact: 27% of contractors will be minority- or women-owned businesses. Controversy: While there's strong support, some council members raised concerns about the approval process and transparency. Stay tuned for more updates as we continue to invest in our city's future and growth! #Charlotte #Panthers #StadiumRenovation #EconomicGrowth #CommunityInvestment

Charlotte Office Investment Booms in Early 2024 Charlotte's office market is off to a strong start in 2024, with significantly increased investment activity in the first quarter. Data from CommercialEdge highlights a robust performance, with the city outpacing national trends and maintaining a low office vacancy rate. Key Developments Notable projects include Vanguard's $117 million acquisition of Centene Corp.’s 700,000-square-foot headquarters, and the upcoming Queensbridge Collective, a 42-story tower in Midtown South End, set for completion by July 2025. The 370,000-square-foot 110 East Blvd. project was also completed in Q1 2024. Increased Sales Charlotte's office sales hit $53 million in Q1, doubling last year's figures. Major transactions included ABR Capital Partners’ purchase of Scarlet Oak for $11 million and a $62 million acquisition of two medical office buildings by a joint venture. Vacancy and Coworking The office vacancy rate rose slightly to 14.5% by March but remained lower than 2023's peak of 16.1%. Charlotte also offers 505,060 square feet of coworking space, with Regus leading the market. Overall, Charlotte's office market shows resilience and strong investment appeal in 2024.

New Destination District Plans to Transform Charlotte Douglas International Airport Exciting new proposals are set to revolutionize 90 acres near Charlotte Douglas International Airport into a dynamic Destination District. These ambitious plans, featuring hotels, retail spaces, breweries, and manufacturing facilities, aim to establish the airport as a premier destination. Highlights of the proposals include: Crosland Southeast: Two hotels with 300 rooms and 50,000 square feet of retail space. DreamCatcher Hotels, Naman Hotels, and Vinta Group: Diverse hotel developments. Koulomb LLC: Innovative energy charging stalls. Portman Industrial, Trammell Crow Company, and Seefried Industrial Properties: Industrial and manufacturing developments. These initiatives are part of the airport's "Destination CLT" project, a $4 billion investment designed to elevate Charlotte Douglas to a top-tier global airport. City approvals are anticipated this fall, with contract closures by December 1. Editor’s Note: Big changes are coming to Charlotte Douglas, including a new aviation museum and an airport overlook set to open soon. Stay tuned for more updates on these exciting developments!

Charlotte City Council Approves Revised Piper Glen Development CHARLOTTE, N.C. – The Charlotte City Council has approved the development near Piper Glen after over a year of discussions and adjustments. The 53-acre property at Rea Road and Elm Lane will now feature over 560 homes, down from the originally proposed 640. Key Changes: - Single-family homes reduced from 91 to 51. - The 15 single-family detached homes requirement removed. - Total housing units halved since the initial proposal. Environmental Considerations: - 32% tree-save area maintained. - 75-foot tree-save area on Elm Lane and a 50-foot landscape buffer on the southern boundary. - 12-foot multi-use path along Rea Road designed to avoid tree removal. Traffic Improvements: - Enhancements for 1,100 units remain in place, benefiting the current 566-unit plan. Community Response: - Opposition focused on preserving the natural environment. - Bald eagle nest concerns addressed; state wildlife officials confirmed no protected zone. Council Members’ Views: - Councilman Ed Driggs called the result a good compromise. - Councilwoman Dimple Ajmera praised the collaborative effort. The development falls within the district for the new Ballantyne Ridge High School off Johnston Road. For more updates, stay tuned to our news page.