Posted On: September 26, 2008 By: admin

According to the Charlotte Business Journal, construction began this week on a $12 million office building at 700 East Morehead Street.  The 35,000 square foot, 4 stories building, built by the Harris Development Group, is already more than half leased. The accounting firm of Elliot Davis, of Greenville SC, has leased 20,000 square feet for their offices alone. Harris is still out there marketing 5,000 square feet for ground floor retail space, and that leaves 10,000 square feet for other offices.

With uptown’s tight office space availability, more companies have been forced to look outside Interstate 277. The East Morehead area, which is only ½ mile from uptown, is easily accessible from neighborhoods around the area. With all the new construction on residential buildings like Encore Condominiums, The Vue Condominiums, and Catalyst Condominiums living and working around Uptown Charlotte makes perfect sense.

Lease rates for the new office building are $32 per square foot, which is 46% higher than the average. Midtown rates have steadily increased over the years, and will more than likely keep on increasing as new office space is created. There are several new projects either proposed or underway that will add about 520,000 square feet of space in the mid town area. These will almost double the areas office inventory. The vacancy rate in this area is the second lowest at 5.9%. The 1.5 mile area from South Tryon to South Kings is well on its way to becoming one of the hottest spots for office space in Charlotte.

Category: Uncategorized

Posted On: September 19, 2008 By: admin

The new 27 story building going up in the Third Ward, the Catalyst Condominiums, is promising to be one of the most innovated sites in Charlotte. The name chosen for the project signifies that the building will be a literal catalyst for the re-development of the Third Ward. The building will contain 462 units, one and two bedroom, sitting on top of 20,000 square feet of retail space when it is completed in 2009.

The Catalyst Condominiums will combine the old and new aspects of the Third Ward, with plenty of green space, to create an ideal place to live and work. There will be a 5.5 acre urban park right out the front door. The hope is that this park will attract special events, festivals, and concerts to become the heart of the community.

The cherry on the sundae seems to be a new innovation called HALO (Home Automation Lifestyle Organization). Think of it as a concierge or a personal assistant. The builders, Novare Group, have promised HALO to be the latest in technology.  It is a state-of-the-art system that allows the homeowners to interact with their home, the building, and the community.

HALO is an easy efficient system that works on a PC, laptop, or any wireless device with internet capabilities. It will connect residents to all kinds of information, from home maintenance scheduling to having your dry cleaning picked up to dinner reservations. It can also monitor your home environment from heat to water conservation. Sounds like a great way to ease some of the stresses in running your daily life.

Besides HALO, the Catalyst Condominiums will have an outdoor living area, pool, 1,600 square ft. fitness center, media room, club room with floating bar, gaming area, and gas grills. All these great amenities along with the great location will allow the resident one of the best urban environments around.

Category: Third Ward

Posted On: September 15, 2008 By: admin

Only 10 units remain at the Trademark Condos in Charlotte, NC.  Trademark is a 28 story condo development located Charlotte’s 3rd ward.  The Trademark contains 202 modern residential units designed for the way you actually live, in open loft-like plans, as well as ground level retail including PRESS Wine/Food.  A 330 car parking garage is capped by an elevated pool terrace with exercise room and community facilities overlooking the Panther’s Stadium in the center of game-day action.

Developers are always motivated to strike deals to finish selling remaining inventory.  If you have ever thought about wanting to live at The Trademark please contact us today!

To view availble units please click here

Features of the Common Areas include:

• Sleek marble & granite lobby
• Glass sculpture water wall in lobby
• Dry cleaning and package drop off location
• Seventh floor pool terrace
• Heated pool
• Walk-through poolside waterfall
• Gas grill
• Outdoor pool table
• Outdoor fire pit
• Tree lined lawn area
• Community room with Plasma TV
• Exercise facility with state of the art equipment and Plasma TV
• Park and enter the building directly from the same level

Features of the Residential Condominiums include:

• Floor to ceiling glass in the living rooms of most condos
• Secured building
• Open, flowing loft floorplans
• Private balcony for most condos
• 10’ ceilings throughout main living areas
• Granite countertops in kitchens & baths, standard in all condos
• Chrome hardware
• Fluted glass dividing walls in several floorplans
• Tile foyers in most condos
• Wood flooring in main living areas of all condos
• Carpet in sleeping areas
• Ceramic tile bathroom floor and shower surround, standard
• Ceiling fan (at least two) pre-wires in all condos
• Cable connection (at least two) in all condos
• Secured parking
• Appliance package which includes dishwasher, disposal, built-in cooktop, combination microwave/convection/bake/broil oven
• Energy efficient heat pump
• Monthly homeowner’s dues that include water, sewer, common area maintenance, long-term building maintenance, and garbage collection
• Residential condos are accessible to residents and their guests only

Category: Third Ward

Posted On: September 10, 2008 By: admin

There are so many new development projects for uptown it’s hard to keep up with them all. While some are pretty successful, some aren’t. Unfortunately the venture attracting the most attention this week is the NASCAR Hall of Fame, but I don’t think this is the attention it was looking for.

The NASCAR Hall of Fame is running 20 percent over the projected cost presented to the city in its original plans. Charlotte needs to come up with $32 million additional dollars to build the actual building. The building material will cost at least $11 million more than anticipated, and $30 million beyond that to make the museum better and more environmentally friendly. This would make the total cost of the NASCAR Hall of Fame $195 million dollars.

This announcement was a surprise to the Charlotte City Council members, who said they should have been informed of this sooner. In two weeks, the Charlotte City Council will be asked to approve a guaranteed a maximum price tag with the NASCAR Hall of Fame’s construction manager.

The project managers have promised that the taxpayers won’t have to pay the difference. They feel that private sponsors and the hotel-motel tax will cover the growing bill. According to WSOCTV.com, Assistant City Manager Jim Schumacher said, “There’s no property tax. No general fund taxes going to this project, it’s all from the 2 percent hotel tax.”

I think maybe some taxpayers are a bit skeptical.

Category: Third Ward