Posted On: November 19, 2009 By: admin

Residents who have been under contract and put down deposits have recently starting moving into The Garrison at Graham.  We recently toured this building and were pleasantly surprised with all the upgrades and space made available to future owners.

According to the MLS there have been two units that have closed.  Both were 2 bedroom 2 baths and were purchased for $333,306 and $335,241

This building is located in the 4th Ward and has a total of 6 floors.  What makes this building unique is the fact that each unit has two floors, so the building has 12 stories.  These units come with a wide variety of upgrades for potential buyers.  All the units face west which gives you a very nice view of the skyline. 

The top floor is a very nice amenities deck that offers more spectacular views of the Charlotte skyline.  There are 2, 12 person hot tubes as well as 2 fire places.  Throw in a 2 Viking gas grills with some palm trees and you are ready to have a fantastic fiesta! 

If you are interested in purchasing a one of these units please check  The Garrison at Graham page!

Category: Fourth Ward

Posted On: October 11, 2009 By: admin

After a month of no activity, The Vue Charlotte will begin construction again.  The general contractor, R. J. Griffin & Co, was recently paid by the project owners resulting in crews’ getting back to work.

R. J. Griffin & Co. abruptly stopped working on the nearly complete The Vue Condos almost a month ago.  The proposed 50 story tower only had a few floors unfinished.  Many pre construction buyers were holding their breath, hoping that construction would begin sooner than later.  With recent condo developments like 210 Trade Condos and The Park Condos going belly up, this would have been a nightmare situation.

With The Vue Condos now facing a “heavy lien” from the bank, should we expect The Vue Condos to reduce their prices to become more affordable in this buyers market?  The price per square feet at The Vue is one of the highest in Uptown Charlotte.  The prices range from $319,000 studio to a $2.59 Mill shell to be built penthouse.

Click here to search The Vue Condos for sale.  Interested in buying a house?  Check out the network of Charlotte Real Estate!

Category: Fourth Ward

Posted On: September 1, 2009 By: admin

The Vue Condos in Uptown Charlotte has Stopped Construction.  R.J. Griffin & Co., general contractor for The Vue, says construction has stopped at the 51-story condo tower in Uptown Charlotte due to lack of payment from the developer, MCL.  R.J. Griffin & Co. never received payment for July’s work.  As a result all subcontractors were asked to stop work effective immediately. 

MCL’s president was quoted as saying “we are working through issues with lenders right now and have confidence we will be able to finish this project.”  Many residents fear that the project will turn out like The Park Condos, which was recently purchased at a foreclosure auction. 

The developer claims that they are 55% sold in the building which has a total of 409 total units.  The units range between high 200s to high 2 millions.  If completed The Vue will be the nicest high-rise in Uptown Charlotte.

Category: Fourth Ward

Posted On: May 29, 2009 By: admin

A judge has dismissed a fifth lawsuit by Jerry Reese to block an Uptown Charlotte baseball stadium in Fourth Ward.  The ruling from Judge David Lee means that all five lawsuits have been dismissed.  Reese plans on appealing on all cases.

The ruling does not prevent Reese from filing future lawsuits and he plans on appeal the latest ruling.

Category: Fourth Ward

Posted On: April 14, 2009 By: admin

I couldn’t believe the price point when I discovered the Fourth Ward Square apartments were being sold as renovated condos!  The 1 bedroom 1 bath condos start as low as $99,000.  What you just read isn’t a Typo .  That’s right you read it correctly!  $99,000!  The condos are located at 501 N. Graham St in Fourth Ward Charlotte.

As of Tuesday 3:30 pm there were only 4 units remaining of the first phase.  They are more than likely going to release 2nd phase of the remaining 154 units to other potential buyers later on tonight.  The 2 bedroom 2 bath condos are listed for only $120,900.  The units range from 560 to 1,200 Sq Ft.

Each unit comes with new hardwood floors, GE stainless steel appliances, granite countertops and stackable washer and dryer.  They are also putting in new carpet in the bedrooms.

First time buyers can also take advantage of the $8,000 tax credit and if you have a credit score of over 650 you qualify to get 100% financing through BB&T. 

If you have been looking to buy a condo in Uptown Charlotte please don’t hesitate to contact me IMMEDIATELY!  These units will not last long!

Call me directly at 704.846.6121

Category: Fourth Ward

Posted On: March 26, 2009 By: admin

The Vue Condos in Uptown Charlotte is still progressing at a staggering rate.  The Vue, which will be a total of 51 floors, is currently pouring concrete for on the 31st floor.  The Vue will have a total of 409 units and is currently 60% sold.  The prices for some of these fantastic units are:

Studio     571 – 905 Sq Ft  Starting at   $319,000
Two Story Loft     820 – 1,572 Sq Ft  Starting at   $449,000
2 Bed – 2 Bath     1,137 – 1,674 Sq Ft Starting at  $539,000
3 Bed – 3 Bath     2,125 – 2,728 Sq Ft  Starting at   $1,094,900
3 Bed 3.5 Bath Penthouse with Den 3,218 Sq ft Call for pricing
51st Floor Penthouses 2,265 – 4,765 sq ft.   Call for Pricing

Studio owners should be moving in starting late summer 2010 and the penthouse units can expect to be in sometime during the first quarter of 2011.  If you are interested in The Vue Condos, you can get some fabulous deals as it’s currently a buyer’s market.

If you are interested in a high end unit, you have the option to totally customize your unit and just purchase the shell.  The Vue Condos will be located in Fourth Ward Charlotte and be one of the tallest buildings in Uptown Charlotte.

Category: Fourth Ward

Posted On: February 20, 2009 By: admin

If you ever wanted to see if living in Uptown Charlotte was it for you, now may be the time to find a great deal.  With the recent recession many owners have opted to take their units off the market and turn them into rentals.  What does this mean for the consumer?  Great Deals!

It’s a buyer’s market out there; it’s also a renters market as well.  Everything in Real Estate is open for negotiations, so be sure you negotiating the best terms possible for you.  Remember these numbers when you are negotiating on a rental lease in Uptown Charlotte.

Currently properties for rent as of February 20th, 2009:

First Ward Charlotte:   21 properties for rent ranging from $835 to $2,800 a month.
Second Ward Charlotte:  0 properties for rent.
Third Ward Charlotte:  34 properties for rent ranging from $850 to $2,600 a month
Fourth Ward Charlotte:  50 properties for rent ranging from $775 – $3,900 a month

These numbers don’t include the 230 rental units that are about to come on the market from The Catalyst Condos.

Current market conditions should also reduce the rent on many Uptown Charlotte apartment complexes.  I recently had a client who was looking to rent out a nice 2 bedroom 2 bath.  He started to give his 60 days notice to the apartment complex and they lowered his monthly rent by over $150 a month!

Not only can you find great deals on renting, but buying as well.  As the uncertain market conditions continue, many units are just sitting on the market with little or no activity to them.  Only 5 units were sold this December 2008 and only 4 units in January 2009.

Currently properties for sale as of February 20th, 2009:

First Ward Charlotte:  32 properties for sale ranging from $166,900 to $659,900.
Second Ward Charlotte:  13 properties for sale ranging from $250,000 to $5,000,000.
Third Ward Charlotte:  66 properties for sale ranging from $164,500 to $689,900.
Forth Ward Charlotte:  161 properties for sale ranging from $145,900 to $1,500,000.

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

Posted On: February 5, 2009 By: admin

With the majority of the pre construction condos stalling due to lack of financing, there are a few in Uptown Charlotte Condos that are still being completed.  The Vue Condos is still on task to be completed in 2010 and The Catalyst Condos should be completed soon.  The word on the street is that Catalyst Condos, which should be completed soon, may be converted into apartments.   There is no official announcement as of today, but look for it to come soon from the Novare Group.

Another project that is looking to complete its funding is The Encore Condos located at Sixth and North Tyron streets.  The Pursuit Group, which just finished The Trust Condos,  is asking the city of Charlotte for another extension to try to find some last minute financing.  The deal would include saving The Carolina Theater and receiving tax rebates from the city. 

Another developer from Atlanta has shown interest in the property, but does not want to keep The Carolina Theater intact.   By doing so, this would erase more than $4 Million in commitments and rebates to The Pursuit Group from the city of Charlotte.

The Encore Condos is planned to be a 20 unit luxury tower with car elevators that takes their owners right to their very own doorstep.  The prices ranged from $1.75 million to $5 million dollars.  There are currently 8 units that are under contract.

Category: Fourth Ward, Second Ward, 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