Posted On: May 17, 2010 By: admin

Another chapter goes down in the books as The Park Condos gets “OK” for hotel rooms.  The Park which is located in 2^nd Ward, was one of the earlier projects during the economic boom, however was never completed.  Many buyers lost their earnest money and have sued the developer to reclaim lost funds.   Due to the developer filing chapter 7, it is highly unlikely they will ever seen any return of their monies. 

According to recent reports the Charlotte City Council has approved hotel rooms and a rooftop restaurant to the unfinished condo tower.   The new zoning calls for up to 148 hotel rooms and 74 residential condo units. 

The building is currently 70% complete and would take up to 20 months to finish once construction begins. 

We have also blogged about The Park Condos in these related stories.

On May 25^th, 2009 – The Park Condos Developer Files Chapter 7

On August 19^th, 2009 – Park Condos in Uptown Charlotte get a buyer

Category: Second Ward

Posted On: May 17, 2010 By: admin

The latest causality in Uptown Charlotte is Reid’s Fine Foods.  Reid’s was located in the Seventh Street Station since 1998.  This leaves Uptown Charlotte with only one grocery store which is the Harris Teeter connected to Fifth and Poplar.

Category: Uncategorized

Posted On: May 10, 2010 By: admin

April 2010 Charlotte Condos Report!

There were 54 properties on the market with an average list price of $359,031

9 properties were conditional.
13 properties were pending.
0 properties were contingent.
12 properties were withdrawn.
13 expired listings.

The 15 sold units had an average listing price of $241,906 and sold for of $232,672 averaging 94 days on the market.

The 15 units that were sold for the month were located at Cityview Townes, Clarkson Green Condos, Cedar Crest Condos, Metro 10 West, Springfield Square, Hanover Place, Jefferson Square, Fifth and Poplar, 2 at Trademark Condos, 2 at Ivey Townhomes and 3 at Fourth Ward Square condos.

Category: Statistics