Posted On: December 11, 2008 By: admin

Uptown Charlotte will welcome the 2009 First Night Charlotte New Year’s Eve celebration, an event that has been discontinued for over 10 years.
 
The celebration will be held at various locations throughout Uptown Charlotte, including InaginOn and Spirit Square., starting at 3 PM on December 31, 2008 and will continue until New Year’s Day morning.
 
Admission to the alcohol-free event is $10 and will feature activities for the entire family, including arts, music and fireworks.
 
The last First Night Charlotte celebration was held in 1995 and the last New Year’s Eve celebration held in Uptown Charlotte was in 2005, where several fights and arrests occured.
 
The Center City Partners along with the local Uptown Charlotte arts community are sponsoring the event.
 
First Night International, an organization that licenses and oversees the First Night celebrations worldwide, started the first celebration in Boston in 1976. The event is catered to families as an alternative to traditional New Year’s events.

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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.

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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.

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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. 

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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.

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