Real Estate
Home on Jetton sells for $4 million
The highest-price transaction in North Meck so far this year is a $4 million deal for a 10,000 square foot lakefront home at 16909 Jetton Road, adjacent to The Peninsula in Cornelius. Lance Carlyle with Carlyle Properties listed the four-bedroom, five-bath estate. The house, which has a pool, a four-car garage, elevator and wine cellar, […]
Canadian firm tees up redevelopment of Birkdale Golf Club
May 16. By Dave Vieser. Romspen, the Canadian company that owns Birkdale Golf Club, will invest $45 million into the aging complex. Plans include replacing the clubhouse, the addition of up to 225 apartments and a 155 room hotel. The application for the project was filed within the past week, and faces a lengthy review and approval […]
Allen Tate raises $161K with Tate Cares campaign
April 24. Allen Tate Realtors have raised $161,000 for local arts and cultural programs and United Way agencies in North and South Carolina. The Tate Cares campaign was managed by Stephanie Gossett, Allen Tate regional vice president. Each year, agents and employees are given the opportunity to support local and regional arts and cultural organizations and […]
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 […]
After Beaty St. fight, Davidson has variety of new projects
By Erica Batten. When Mayor Rusty Knox and a handful of members of the Davidson Board of Commissioners met last month with citizens for the informal coffee chat, the discussion centered on one topic: The 19-acre Beaty Street property owned by the Town. Plans to develop the property for residential and commercial use were scrapped […]
Luxury brokerage opens offices in Davidson
Mitchell Prime Properties, a luxury real estate broker based in Winston-Salem, is opening offices in Davidson at 707 Peninsula Drive. It’s one sign that the luxury market around Lake Norman is getting more competitive and more recognition across the Carolinas. “Charlotte’s huge presence in the banking sector and proximity to a genuine international airport is […]
Corvid will invest $29 million in Mooresville HQ
March 27. Corvid Technologies will officially move its headquarters to Mooresville where it already has a sizable campus. The $29 million investment means 367 new jobs in physics-based engineering solutions for the defense, automotive, aircraft and biomedical industries. “North Carolina is the perfect choice for Corvid, thanks to our world-class universities, major military installations, and […]
‘Mother of all revals’ less than a year away
By Dave Vieser. With property values in the Golden Crescent taking off, the impact of Mecklenburg County’s county-wide property reassessment, or “reval,” is only nine months away. By state law, the “reval” must be done once every eight years; notifications with the new assessments will be mailed out in January 2019. Commercial property owners are […]
Affordable housing: What’s the impact of rising property values
Affordable housing—also known as workforce housing in the world of economic development—will be the topic of the Business Today Newsmakers Breakfast March 21 at The Peninsula Club. Workforce housing is a term used by planners and economic developers to describe suitable living accommodations for people like first responders, single parents, teachers and service workers […]
Hot Properties: Prices rose 5.9% last year, more gains ahead
According to the new December Case Shiller Home Price Index, single-family home prices rose by 6.3 percent in 2017 with Seattle and Las Vegas leading the way. Seattle prices rose at a shocking 12.7 percent last year; Las Vegas, 11.1 percent. Charlotte prices rose at the rate of 5.9 percent last year, which is just […]
