Posted On: November 30, 2008 By: admin

The Ark Group, development company for the NC Music Factory, has teamed up with Live Nation, a major U.S. concert promoter, to open two concert venues in the entertainment complex.
 
Live Nation, will plan to book and promote concerts for the Fillmore, a 2000-seat night club and a 5000 seat outdoor amphitheater. Live Nation, who are based in Los Angeles, also operate the Fillmore night clubs in Miami, New York and San Franscisco, where they have booked performers, such as John Legend, Staind and WIllie Nelson.
 
The NC Music Factory, slated to officially open in Fourth Ward by summer 2009, will be landlord to several business offices, restaurants, bars and clubs, including Butter, Crobar and Wet Willies. They are located in Uptown Charlotte at 1000 Seabord Street.

Category: Uncategorized

Posted On: November 20, 2008 By: admin

Parade on Thursday, November 27, 2008 at 10 AM.
 
The parade will commence in Uptown Charlotte at Tryon Street and 9th Street,  and will then proceed left onto 3rd Street and will then end between Davidson Street and McDowell Street on 3rd Street.
 
Uptown residents can take CATS buses to the parade, which will stop one block from the event or can take the LYNX Blue Line, which stops at 3rd Street. The Carolinas’ Thanksgiving Day Parade will also be televised on CBS, WBTV, Channel 3. 
  
The parade, which started in 1947, is sponsored by Carolinas’ Carrousel, Inc, a non profit organization that offers scholarships to talented Charlotte youth. Their scholarship programs, include the Queen’s Scholarship and the Band Scholarship.
 
For additional information about the parade, please visit their website.

Category: Uncategorized

Posted On: November 13, 2008 By: admin

There were currently 79 properties on the market with an average list price of $447,887.

2 properties were conditional and 4 pending.

There were a total of 12 properties sold for an average of $437,465.

The listing prices for these properties were $444,249 and were on the market for an average of 95 days.

There were 23 properties withdrawn and 21 expired listings. 

Category: Statistics

Posted On: November 11, 2008 By: admin

Novare Group’s president, Tony Skillbeck, said in a Charlotte Observer article last Friday that he is considering the possibility of converting the Catalyst Condominiums located in Uptown Charlotte in the Third Ward into apartments.

Skillbeck notes an unstable housing market and stricter lending requirements as reasons he is considering apartment conversion as an option for the Catalyst Condominiums.  Earlier in the year The Enclave made the transition from Condos to Apartments.
 
The One Charlotte Condos developed by Portman Holdings and 300 South Tryon Condos both located in Uptown Charlotte have faced similar plights because of the slowing housing market and sluggish economy, but unlike the Catalyst Condos, have been put on hold.
 
The article also notes Wells Fargo’s takeover of Wachovia as a contributing factor to decreasing condo sales in Uptown.
 
The 27-story Catalyst Condos, located at Church Street and Martin Luther King, Jr. Boulevard in Uptown Charlotte is slated to have 462 units and 20,000 square feet of ground-level retail space.  It is scheduled to open in Spring 2009.

Category: Third Ward

Posted On: November 5, 2008 By: admin

According to an October 31, 2008 article found in the Charlotte Business Journal, real estate developer, David Furman, has postponed the TreHouse Condominiums project in Dilworth due to declining condominium sales in Mecklenburg County this year. Furman hopes to reignite the TreHouse Condos project when the housing market corrects itself, which he hopes will be in 2009.
 
The TreHouse Condos, which was scheduled to be located on the corners of Euclid and Tremont Avenues, was slated to be a 50-unit, four-story, multifamily building in the heart of the Dilworth community.
 
Furman’s building of the Trehouse Condos went against recommendations from the Charlotte-Mecklenburg Planning Department (CMPD) since they recommend building multifamily buildings holding 22 units per acre. In December 2007, however, Charlotte City Council members approved Furman’s project to be built at 50 units on 1.5 acres of land, which is above what the CMPD recommends.
 
In addition, the Charlotte Historic District Commission disagreed with Furman’s plans to demolish several buildings in Dilworth in order to make room for the TreHouse and gave Furman a one year hold on building the condo. After the hold expired, Furman continued to build, but sales slowed down and the current project is now on hold until the economy and the Uptown Charlotte housing market improves.

David Furman who’s company Centro City Works has also built TradeMark Condos, Courtside Condos and Gateway Lofts.  They recently just finished a first ward project The Ledge Condos and The Row Condos.  The Garrison at Graham Condominiums which is a fourth ward project, is still under construction. 

Category: Uncategorized