Posted On: January 26, 2009 By: admin

The annual week long culinary extravaganza has begun.  From January 24rd to January 30th, enjoy 3 course meals for only $30 dollars.  (Does not include tax and gratuity)  If the recession has got you down, there is not a better time to check out some of the finest restaurants in Uptown Charlotte and surrounding areas.

If you enjoy a great steak from Ruth Chris or if you prefer LaVecchias Seafood Grille then this weeks for you!  For more information please check out the official website!

Category: Restaurants

Posted On: January 26, 2009 By: admin

The closest hardware store to Uptown Charlotte residents is closing its doors.  On January 26th, Home Depot Design in Midtown announced they are closing their doors.   The business will officially close in by the end of April. 

Home depot announced several other specialty stores closing nationwide.  There will be approximately 7,000 national wide and 93 Charlotte job cuts.  The 128,000 Sq Ft space is owned by the Home Depot and will be looking to sell by the time they move out.

Category: Uncategorized

Posted On: January 19, 2009 By: admin

There were currently 32 properties on the market with an average list price of $413,096.

1 property was conditional and contingent and 2 pending.

There were a total of 5 properties sold for an average of $333,600.

The listing prices for these properties were $371,117 and were on the market for an average of 203 days.

There were 28 properties withdrawn and 33 expired listings.

The five units that were sold for the month were located at Davidson Square Condos, The Avenue Condos, Park Plaza Condos, 400 North Church Condos and 701 North Church Condos.

Click Here to see Novembers numbers

Category: Statistics

Posted On: January 19, 2009 By: admin

According to wscotv Wells Fargo has promised to finish the Wachovia Cultural Center located in Third Ward in Uptown Charlotte.  Many residents were unsure if Wells Fargo would complete the construction, since acquiring Wells Fargo several months ago.  Taxpayers were responsible to contribute $127 million towards construction costs.

Most of that money comes from rental car tax which has dropped 20 percent due do the recent recession.  City leaders will track the numbers and will have to make tough decisions in the up and coming months.  The Wachovia Tower Condos which were a part of the original plans have been put on hold.  They were schedule to be built on the Mint Museum and can be built at a later time.

Category: Third Ward

Posted On: January 13, 2009 By: admin

The Vue Condominiums in Uptown Charlotte are currently 19 stories out of the ground and a story is being built every week.  The building will be topped off in June and interior construction will begin.  Buyers have started making their selections for their finishes.

 “We are currently making selections with buyers on the 20-24th floors and their deadline is Feb. 13.  Any unsold units on floors 24 and below are having interior selections picked by our in-house designer.  If you have anyone looking to buy in Uptown Charlotte and would like the opportunity to personalize their unit, then NOW is the time to buy” says Laura Ciotoli a sales rep for The Vue Charlotte.

The glass is being installed and you can see it on all floors up to the eighth floor.
The Vue Charlotte will be 51-stories with 409 units and is located in Fourth Ward Charlotte. They will being moving home-owners into the building starting late summer 2010 and the penthouse units can expect to be in sometime during the first quarter of 2011.

Category: Fourth Ward

Posted On: January 7, 2009 By: admin

What happened to the condo boom?

The condo boom, which started in 2007 and continued through early 2008, cooled quickly because of the collapsing economy and nervous investors.  Though it once had one of the best real estate markets, Charlotte started to feel the ripple effects the rest of the country felt in earlier months.
One of the first condo casualties in 2008 was One Charlotte.

One Charlotte  was a proposed luxury tower in second ward, but its construction never even started.

One development that finished construction but had trouble selling units was the Enclave.  As a result the Enclave was turned into an apartment complex in first ward.  In third ward, The Catalyst Condos, a high-rise tower, also had problems preselling units and may possibly cancel all the pre-sold units and return the earnest money if 150 units are not sold by end of January 2009.

And the news doesn’t get much better:

*210 Trade Condos was going to be a fabulous high rise at The Epi Centre, but after the developers started suing each other, construction went to a halt and never resumed.

*300 South Tyron was put on hold, and the once-dirt parcel of land has been paved for parking.

*The Park condo tower declared bankruptcy and was eventually auctioned off to the highest bidder.  Then the lawsuits began as contractors wanted to get paid for work done.

*The Citadin lost its funding and never began construction.

But not all the news was doom and gloom:

*The Wachovia Tower, which may eventually be called Wells Fargo tower, is still being constructed, but the plan to build the condos on the Mint Museum has come to a halt.

*The Vue Charlotte is scheduled to be completed in 2010 and is building a floor every 10 days.

*The Trust Condos residents started moving in in October, and the other units should be finished very soon.

Category: First Ward, Fourth Ward, Second Ward, Third Ward

Posted On: January 4, 2009 By: admin

According to the Charlotte Observer the Charlotte Knights still believe there is a chance for them to move to Uptown Charlotte.  The minor-league team had wanted to play in Uptown sometime during the 2009 season.  After the country commissioners approved the lease for the proposed stadium, The Knights have yet to pay for the facility.

One of the reasons is legal fight from attorney Jerry Reese.  Reese has filed a total of five lawsuits challenging the baseball stadium deal.  Reese maintains that the minor league stadium isn’t good enough for Uptown Charlotte.    He contends that if Charlotte is going to invest in a baseball stadium it should be a major league one.

The proposed stadium would have 10,000 seats and would be bordered by Mint, Graham and Forth Streets and Martin Luther King Jr. Boulevard in the Third Ward.  A 2006 study said the project would cost about $750 Million.

Category: Third Ward

Posted On: January 4, 2009 By: admin

After a successful campaign last year, fifteen restaurants will take part in offering three-course, fixed price menu items of $30.  Some restaurants in Uptown Charlotte taking part are The Capital Grille, Carpe Diem, Villa Antonio and Ruth’s Chris Steakhouse. 

Hungry residents get to try new restaurants for cheaper prices while the restaurants try to make a lasting impression.  Restaurant Week starts Saturday, Jan. 24, and goes until Friday, Jan. 30.

Category: Restaurants