Real Estate
AvidXchange investing $41 million in Charlotte HQ
Dec. 17. AvidXchange, the accounts payable and payment automation company, will expand its Charlotte headquarters, creating 1,229 jobs. The fintech company, an industry leader in automating invoice and payment processes for mid-market companies, will invest $41 million in Mecklenburg County. Salaries for the new positions will average $68,569, which is higher than the current Mecklenburg County […]
SPRiZZi Bev-Co. moving into old Michael Waltrip facility
Dec. 11. SPRiZZi Bev-Co. will move into the former Michael Waltrip Racing building on Liverpool, bringing a potential of 250 new jobs to Cornelius. The company, which makes the SPRiZZi Drink Machine, plans to upfit the 118,000 square foot facility which began life as Movies at the Lake and years later transitioned to a race shop and […]
Rowan-Cabarrus Community College acquires acreage in Concord
Rowan-Cabarrus Community College has purchased two parcels of land totaling 16.44 acres near the South Campus in Concord from Crown Court. The additional acreage will accommodate the growth in Cabarrus County and the College’s future over the next three decades. “The College has long recognized the need to keep pace with the growing needs of […]
Allen Tate Cos. and Howard Hanna Real Estate join forces
Sept. 20. Allen Tate Cos. and Howard Hanna Real Estate Services, the largest family-owned real estate company in the nation, have formed a new joint venture with ownership interests from both companies. Allen Tate, established in 1957, is the fourth-largest private, family owned firm in the country. “This union brings together first-rate real estate professionals […]
North Harbor Club looking to expand banquet facilities in Davidson
The owner of the North Harbor Club in Davidson, one of a handful of lakefront eateries, is considering an expansion plan which would renovate and enlarge their kitchen and also provide larger banquet facilities in an adjacent building. Entrepreneur Sid Morris, the owner of The Lake Norman Co., said a new North Harbor Club banquet […]
CLT home appreciation about the same as inflation over long-term
By Dave Yochum. David Blitzer, the managing director and chair of the Index Committee at S&P Dow Jones Indices, says the Charlotte housing market will continue to benefit from net in-migration. “You are picking up a fair amount of higher-end employment,” he said in an exclusive interview with Business Today. It likely means slow but […]
Aspire plans $32 million school complex in Huntersville
Aug. 8. Aspire Carolinas Foundation plans to build three schools for children with Asperger’s/autism, learning differences, and those looking for careers as well-qualified tradespeople. The total value of the project on Beatties Ford Road at Hambright will be in excess of $30 million at build-out. “These schools will offer educational options that are sorely needed, […]
Public meetings remain before path for Hwy. 73 is finalized
By Dave Vieser. Development along Hwy. 73 near Beatties Ford Road is stuck in the slow lane awaiting a decision on the preferred path for widening the key east-west connector. The road—much of it two lanes—supports commerce and commuters from Lincolnton to Huntersville to Concord and points east. The NCDOT and local towns have talked […]
Building for dog pub fetches $1.5 million
June 6. By Dave Yochum. A 12,699-square-foot property is going to the dogs, thanks to a Cornelius-based company. Lucky Dog Bark and Brew purchased an aging, single-user building in South Point Business Park for $1.5 million. “There was very little interest in this property from traditional office users because of the size of the building. […]
Finding solutions to workforce housing crisis
By Erica Batten. A “tidal wave” of rising home values is pricing housing out of reach for a wide range of ordinary people—everyone from musicians to teachers to firefighters. Case-Schiller says Charlotte single-family home prices rose 6 percent over the past year. Some neighborhoods are considerably higher, but the homes that rank and file workers want […]
