North Carolina development thread. (Charlotte, Raleigh: retiree, values, science)
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Towers currently U/C or about to begin very soon in CLT excluding those that just finished up or almost finished and excluding SouthEnd (yes, SouthEnd has a solid number of tall buildings going up)
Also, we can expect two more Fortune 500’s to build their new HQ towers uptown: Honeywell & Suntrust/BB&T.
Duke Energy Metro Tower (39 floors, more renderings on Monday. Pretty sure the roof has solar panels)
Intercontinental
FNB
Deloitte
Ally
JW Mariott
The Ellis
Grand Bohemian:
Moxxy
Charlotte poster JorgiPorgi:
Poster Jason0013
By KJHburg
Nick2
Every year that goes by, Charlotte seems to dramatically further the gap between itself and the other CBD’s in the Carolinas as far as density/size goes.
Well Greensboro is doing a change in its downtown also.
yeah, alot of midrise 6-7 story infill, and now they are finally going more verticle, but greensboro is only just now starting it's building boom, if the city would have somehow passed on the ballpark..none of the big and current projects would have took off, even Bellemeade would have been a pie in the sky idea like the triumph center. Also Gpac probably would have never even been proposed. Would have still been parking lots...urban churches..and subburban style office buildings..
Homebuilding in the Charlotte region is not keeping up with the growing population, creating a lure for more outside competition.
According to the State of Housing in Charlotte report produced by the Childress Klein Center for Real Estate at UNC Charlotte in February, the region is adding new residents far faster than it is adding housing units. The region’s population grew at 2.03% per year since 2007, but the aggregate number of housing units has grown at just 1.34% per year.
Such an imbalance is pushing up existing home prices and land prices on top of already escalating regulatory costs.
Taylor Morrison Home Corp. (NYSE: THMC), for example, wasn’t doing any business in Charlotte four years ago but is now the fifth-largest builder in the area by annual closings. Such rapid growth in market share came from its 2015 acquisition of Orleans Homes, which gave Taylor Morrison seven communities in which to build. The 2018 purchase of AV Homes for $1 billion launched Taylor Morrison to 28 local communities where it is building in a ring around the Interstate 485 loop, including Waterside at the Catawba in Fort Mill and at The Retreat at Rayfield in Indian Land. Taylor Morrison’s average sales price is about $400,000.
Downtown Greensboro ad. Downtown has definitely changed over the past 20 years. Maybe not in the form of skyscrapers but the activity and small and large midrise development
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