Why prime land sits undeveloped
Plus: Progress on SouthPark Publix?; 110 East is filling up, with 2 new tenants including uptown law firm; County program aims to encourage eco-friendly upgrades
Today’s Real Estate Whispers is sponsored by The McIntosh Law Firm. At The McIntosh Law Firm, we offer experienced legal guidance in real estate development, property revaluation appeals, government relations, land use, estate planning, and business law—helping clients navigate complex legal and regulatory challenges.
It’s Charlotte Commercial Real Estate Whispers time!
Ashley Fahey is out this week recharging the batteries on her scoop sensors, so you’re again stuck with me, Tony Mecia, for your weekly fix of dirt, deals and developments. Got a tip, rumor or question? Send it my way at tony@cltledger.com.
In today’s edition:
Why do some prime pieces of land in Charlotte sit empty for years?
There could be some progress on building the Publix at The Colony site in SouthPark
South End office tower 110 East signs two new tenants, including another law firm that has offices in uptown
Mecklenburg County seems poised to move ahead with a program encouraging eco-friendly upgrades that is popular with developers
Our usual round-up of news from other reliable outlets
Let’s get to it!
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As Charlotte booms, some properties sit undeveloped for years
An 11-acre site at Providence and Fairview roads in south Charlotte has sat empty for years, about a decade after apartments on the site were torn down. The development delay, like others in the city, puzzles some people. (Ledger file photo)
Admit it: You’ve driven by them — the vacant lots on prime corners — and wondered: Why hasn’t something been built there?
We get the questions, too, often about the same handful of properties: the Manor Theatre site in Eastover. The Colony site in the middle of SouthPark. The corner of Providence and Fairview roads. And the granddaddy of them all: the corner of Gleneagles and Park roads, which was envisioned as the home of a luxury hotel and a Saks Fifth Avenue more than 20 years ago but still sits as overgrown as ever.
In a boomtown like Charlotte, it can seem puzzling that what appear to be desirable sites just sit for years with nothing going on.