A plan to build about 100 affordable housing units on Mount-Holly Huntersville Road in northwest Charlotte has been approved by Charlotte City Council despite school crowding, traffic on busy roads such as Brookshire Boulevard.
Charlotte City Council will consider a pair of plans Monday that would add a lot of houses and apartments to two sites close to the city’s perimeter in northwest Charlotte and by Ardrey Kell, in areas that are dealing with growth.
The Charlotte Regional Realtor Association is building a new headquarters to replace its current building on Kenilworth Avenue, in midtown near Dilworth. The development by Pappas Properties will eventually include apartments and retail.
As part of a major restructuring and planned Chapter 11 bankruptcy filing, Bi-Lo parent company Southeastern Grocers is closing 94 underperforming stores, including six in the Charlotte area under the Bi-Lo or Harveys banner.
As it begins closing all of its stores nationwide, Toys R Us will honor customer gift cards for the next 30 days, a spokeswoman confirmed. Customers will be able to shop on the retailer’s website for the time being, too.
With Charlotte’s highest vacancy rate, developers are still aggressively pursuing apartment development in uptown. One big reason: The area also has the highest rents, by a big margin. Developers say they are not worried — yet.
Mecklenburg County is moving forward with Brooklyn Village and the North Tryon plan, a pair of redevelopments that could reshape a big chunk of uptown and become some of the biggest projects in Charlotte, N.C.
Toys R Us is closing all of its stores nationwide, including six in the Charlotte area. The closure of all of the chain’s stores comes after disappointing sales over the holiday season. The company had for bankruptcy in September.
Artisanal Brewing Ventures is building a new facility in Charlotte, NC, for Southern Tier and Victory Brewing Co. The brewery is at the former Bowers Fibers facility at Pineville and Yancey roads near the Scaleybark Station.
Rent in Charlotte hit a new high, according to figures from Real Data, and the new average adds to problems with affordability the city is seeing even as supply increases. Almost 6,200 new apartments were rented over the past year.
Laurel Street Residential is developing housing for people age 55 and older at Berewick, a rapidly growing development in Steele Creek in Charlotte, NC. Pappas Properties, master developer of Berewick, sold the site to Laurel for $749,000.
In uptown Charlotte, Ally Center, a 26-story building developed by Crescent Communities, is officially under construction. The building is set for completion in 2021, and includes a separate building with a 350-room hotel.