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Quote: While commercial development across the region is seeing slow growth at best, the South End neighborhood has seen a spurt of new activity this year with more than $200 million worth of new construction being announced. Apartments near the Lynx line are powering the growth. In fact, of the more than 4,000 new apartment units announced in Charlotte this year, 60 percent are within a 15-minute walk of the light-rail line, according to CoStar, a real estate analytics firm. Charlotte's light rail creates boom in apartments | CharlotteObserver.com
^^^This 9.6 mile starter line is only 5 years old. Since its construction, it has survived accidents with vehicles and pedestrians. It has also survived an effort to take away its funding. Today, the city is planning on adding another 9.2 miles north into University City. Though the future looks bright for light rail in Charlotte, I wanted to take the time to celebrate the boom we're seeing in South End thanks to the rail. For me, this is kinda personal. I spent much of my youth in the Wilmore area of town. When I returned to Charlotte 5 years ago, I was simply amazed at the growth and progress my "old hood" had made. Today, I'm almost speechless. Luxury apartments on Remount Road of all places???!!!
Anyway, this thread is about anything that has to do with transit oriented development. I know some of you have the inside scoop on such developments within the city, so feel free to share them here please. Thank You!!!
Hahahaha. Talk about a per-defined narrative from the Observer. The apartments are being built there because of all the condo projects that were announced and subsequently failed AFTER the Lynx line was announced.
Observer -> When projects fail next to the LRT, it's the economy's fault.
Observer -> When projects are built next to the LRT it's because of the LRT.
Well they're both the economy's fault. More people are renting so the prices are going up and developers want to cash in. However the light rail has played a role in making SouthEnd a desirable place to live.
Hahahaha. Talk about a per-defined narrative from the Observer. The apartments are being built there because of all the condo projects that were announced and subsequently failed AFTER the Lynx line was announced.
Observer -> When projects fail next to the LRT, it's the economy's fault.
Observer -> When projects are built next to the LRT it's because of the LRT.
Do you also believe the earth is flat?
"well, just open your eyes! Of course the world isn't circular. Only a person with his head in the sand couldn't see it's not circular"
Condos were planned... The economy tanked which made condos hard to finance. So instead, the easier to finance apartments were built instead.
Spin it however you want, the blue line spurred these developments... Simple. If you think otherwise, why else would SouthEnd be booming as opposed to providence town or anywhere else in the city where people complain about taxes and congested roads
Why should I "jog" your memory. You don't remember the long areas stripped along S. Blvd that were numerous condos where either started or announced.?
Oh and lets not forget the boondoggle of city tax payer money wasted at Scaleybark and S. Blvd for the "urban lifestyle" "transit oriented" development that was supposed to go there. That station is in the middle of South Blvd, an insane design, specifically to serve this community that never got built.. A certain well known developer in Charlotte received a lot of money to build this place and it never happened. It's the economy. LOL
I ride my bike frequently along this line and am amazed at the sheer number of apartments being built. I fear that there won't even be enough room on the trains during rush hour for all these people. Some will be driving, biking or walking however still I think they will regret not building 3-car platforms before long.
^Let's not forget that the Federal Reserve, the banking industry, and the federal government have created yet another building boom. The money they are endlessly creating has to go somewhere, and with interest rates at close to 0% in real terms there are huge incentives again to build real estate we don't need. Since people at the personal level are unwilling to take the risk now, they are building apartments instead.
It's got nothing to do with the LRT. When it comes crashing down like the last housing boom, the Observer won't be doing any followups on the claims made.
The Lynx itself is not causing the apartment boom - but it does influence the apt locations. Apartments construction is booming around the country especially in the South and West (see article below). Young people are starting out, many are just moving out of their parents house and don't want to live in suburbia as much as in days past.
Why should I "jog" your memory. You don't remember the long areas stripped along S. Blvd that were numerous condos where either started or announced.?
Oh and lets not forget the boondoggle of city tax payer money wasted at Scaleybark and S. Blvd for the "urban lifestyle" "transit oriented" development that was supposed to go there. That station is in the middle of South Blvd, an insane design, specifically to serve this community that never got built.. A certain well known developer in Charlotte received a lot of money to build this place and it never happened. It's the economy. LOL
I asked because I was curious, no need to be surly.
You specifically stated the "condo projects" failed when the the lynx was announced. The Scaleybark station venture with Peter Pappas was not planned until AFTER the rail if I'm not mistaken. I just wondered about these condo projects that failed after the lynx announcement, because the only ones I remember started getting scrapped in late 07 and 08. The arrangement of your statement made it sound like you were trying to set up a cause and effect conclusion that led some direction other than the recession.
I'm all for accurate information... But "cause I said so" only works for my father, LOL.
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