Uptown Charlotte Real Estate
Real Estate in Uptown Charlotte
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Charlotte Condos For Sale Uptown Mapped- Most Expensive to least
Uptown Charlotte, you’d probably call it Downtown, is the rapidly growing center city real estate market in Charlotte. Condos dominate in Uptown Charlotte,but there are townhouses, and some single family homes. Uptown Charlotte is divided into 4 wards, with the majority of the residential in Ward 1, Ward 3 and Ward 4. The city is not much more than a mile and half wide, making for easy walks. The Uptown area is home to Bank of America, Wachovia (soon to be Wells Fargo), Duke Energy, Home of the NFL Panthers, all the area inside of I-277 loop you see above. It’s full of cranes as the city grows adding:
10 new condominiums- 2/3 ’s sold out
A new 5 star hotel- a Ritz-Carlton and a boutique hotel
2 new office towers- the major Wachovia Cultural Center, the “minor” 32 story Bank of AmericaII building
The Epicenter is finally coming online- new movie theaters open December 12, 2008
The NASCAR Hall of Fame will open next year.
Here are some related posts on Uptown Condos:
Charlotte, NC| Market Report for Uptown Charlotte Condos
Charlotte, NC| Condos for Sale in Uptown Charlotte
Charlotte, NC| Trademark Condos in Uptown Charlotte Lookin’ Good
Amelies| A Force in NODA, In Charlotte
March 15th, 2010 categories: About Charlotte, Things To Do Charlotte
Amelie’s has taken on a life of it’s own… the French bakery located at 28th street and North Davidson,
is on the edge of NODA and has taken the city by storm. Is it the 24 hour service? Their free Wi-Fi? The eclectic surroundings? The wonderful food, the thoughtful staff?
I’ve written about Amelies before, the 28th Row condos, and over the weekend the Charlotte Observer published a long article – in the old days this would mean the kiss of death, but the fans of Amelies are exceptionally loyaly and will likely weather the storm. may need to add another 10 employees…
Go for the coffee, the soup or a pastry… but go.
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The Palisades- A Terry’s Top Ten Community
March 15th, 2010 categories: Buy A Charlotte Home, Communities Under 750K, Lake Wylie NC and SC, Terry's Top Ten New Home Communities
The Palisades in Charlotte- an Amenity Rich, Green, Golf Community at Lake Wylie
The Palisades is a resort style community just 20 miles and 30 minutes to uptown, and has been on my Terry’s Top Ten Communities for Charlotte since 2005. Thankfully, they installed the amenities before this recession hit, and they have enough homeowners for a viable community. However, they have a few large problems areas, and there is a new team coming to address the problems and start anew.
Speaking of amenities- A Private Golf club, an exceptional Tennis program featuring Tim Wilkinson, a stunning swim center, a beautiful clubhouse, Charlotte’s only Boat club-the Carolina’s Boat Club, miles of walking trails, horse trails, creeks and the rolling hills and wooded lots
Like many communities, it has been hit hard by the economic recession. But parts of the Palisades are rebounding, and others are just adjusting to a new price reality.
Homes Sold Under $500,000 at the Palisades
In the under $500,000 market, sales improved nearly 100% over 2008, with only a fractional- under 2%- decrease in average cost per square foot from 2008 levels. Homes in the Palisades sell at a small square foot premium over other similar homes in zip code 28278 at $102 per sf, however the Palisades median price of $389,985 is considerably higher than the 28278 median of $284,803.
Homes Sold for Over $500,000 at the Palisades
Sales in the last 6 months of 2009 in the over $500, 000 category were off by 50%, but prices increased over 2008 by almost 9% to an average of $148 per square foot.
Much of what is left in Ashton Oaks is in foreclosure; 2 on the MLS today and our listing on Grand Palisades is a short sale. There are deals here.
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Need help at the Palisades? With a Charlotte short sale?
We are expert in the sale and acquisition of short sale homes. We know the banks, the situations and the likelihood of success. Call us for a free consult, we can in most cases stop foreclosures. Please note, you can not purse a loan modification and a short sale at the same time, banks don’t do this. If you need to get out, or would like to buy a short sale home, call us direct at 704-351-1519.
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Time Running Out for Tax Credits and First Home Buyers
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Charlotte 2010- The News so Far
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Siemen’s Expansion| Energy’s Big Day In Charlotte
March 12th, 2010 categories: About Charlotte, Charlotte Business
Siemens Expands in Charlotte- $135M Expansion is Another Big Energy Get for Charlotte
Siemens, an international leader in energy, has been in Charlotte for more than a decade and yesterday announced a $135M expansion to its Westinghouse Rd facility, creating over 800 jobs in the next 5 years. This will more than double the size of Siemens in Charlotte-already the German company’s largest installation in the US- they will be manufacturing turbines and generators for nuclear and steam power plants, making Siemens a key player in the US energy future.
Siemens expanison is on top of a $50 M 75000 sf expanison begun in November. It is now just one of many major energy companies, Duke Energy and the Shaw Energy Group are the largest players so far. This expansion will make Siemens the largest manufacturer in Charlotte. This is good news for Charlotte’s desire to become an energy hub.
In Real Estate News
February Home Sales Prices up from February 2009 with the number of houses, condos and townhouses up 3.6% from our local board of Realtors- and their median ome price rose 4.6%. I’ll look at actual square foot increases next week over at Charlotte Real Estate
Realty Trac announced a 6% increase in foreclosure filings, the smallest increase in more than 40 months. These are primarily unemployment related foreclosures.
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The Relocations are back… so far we will move 6 families in the first half of the year to Charlotte- these are all moves by choice to Charlotte. Cost of living and the quality of life are the most often cited reasons. Vistit Terry’s sister site to Search for Charlotte Homes for Sale
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Charlotte Real Estate and Business On the Move
March 8th, 2010 categories: About Charlotte
It’s a beautiful day in Charlotte… finally. March 8th, temperatures in the middle to upper 60’s, feels like 80’s, thank goodness.
I’d like to say thank you to Ray Terry for inviting me on Ray’s, About Your House Radio program this past Saturday morning. We had a fun and hopefully informative 2 hours together fielding questions from 2nd living quarters to hardwoods floors. see more About Your House
Custom home at Springfield
Custom home at Springfield
Clear Springs is developing real estate again, and it is good to see.
Yes the folks who brought you the successful Baxter Village which is all but complete, are building another mixed use project at Springfield, also in Fort Mill, but on the eastern side of 77, and a little closer to Charlotte.
The 300,000 square foot Springfield Town Center will feature a “main street” feel (like Baxter and ahem Birkdale) and begins its development with a Harris Teeter in the fall in Phase 1. 17 Acres are cleared now, expanding to 37 acres eventually, and as the new home market revives plans are on to add up to 600 residential unist, multi famil and signle family in a major community along Springfield Golf Course.
The proposed town center is just a short distance from Springfield- Fort Mill’s nicest and most expensive community and also nearby is the Ann Close Greenway, a 2500 acre park donated to the city by the Springs-Close family.
This is good for Fort Mill and good for Charlotte.
Related Fort Mill Posts
Fort Mill Real Estate- A Market Report
Fort Mill First Home Buyer Report
Duke Energy is on the move.
Duke was names as a minority investor in a $17M venture-capital investment in General Compression, Inc, a company that plans to solve the problem of intermittent supply of solar and wind power. Essentially it is a “green battery” able to store power for those days when there is little wind or sun, solving a major utility issue with wind and solar.
Duke, through it’s Duke Energy Generation Services, is a major wind energy company in the US. It is the 10th largest producer of wind power in the nation, producing about 735 megawatts at full capacity… each megawatt would run a Walmart, or power about 800 homes. Duke is “testing the waters” in the Atlantic off Pamlico Sound with a 3 Turbine project to designed to measure cost, ecological impacts and performance in tropical storm conditions, but sees the Atlantic Coast as the major source of wind energy that it is.
Duke brought a 99 MW wind farm online in Wyoming in in December, and is looking to Texas for an additional 300 megawatts wind farm, and has negotiated local tax concessions and will move forward once if finds and contracts with a long-term buyer.
I’ve said it before, I think Charlotte’s economic future is about Energy… nuclear, renewable and sustainable energy. Banking will always be a major player here, our local economics favor it, but the city’s economic future is in Energy, and Duke will play a key leadership role…
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Charlotte News- 2010 So far…
February 20th, 2010 categories: About Charlotte
Most of our news is good for the economy, so I’ll start with that…
Two new major discount firms are coming to Charlotte. Nordstrom Rack is taking over an old Circuit City location on South Blvd- this will make ladies venture out on South Blvd I am sure!
Not to be outdone, Ollie’s Bargain outlet announced plans to open in big boxes stores on a temporary basis as Close Out stock permits. This chain store recently bought 350,000 pair of Crocs- and are selling the $30 shoes at $9.95/pr. Stores will open in Matthews and Mooresville.
The New York Times reports fewer 4th quarter mortgage delinquencies and B of A announced that late credit card payments declined 7.35%in January.
Charlotte was the major statewide winner in the high speed train sweepstakes last month, landing a $152,000,000 to build an expanded train station in 3rd Ward, out of a total of $400m or so awarded the state to improve the rail speed between Raleigh and Charlotte.
White Water Center lenders have forgiven (written-off) 2/3’s of the $38M loan offering the center a chance at the future. This is good news. While I feel for the lenders (not really that much) I like even more the resource this provides the Charlotte Community. They make money from operations- there just wasn’t enough to pay a $38M note. Very good.
On the bad…
the NY Attorney General has something about us Charlotte folks and can’t let the B of A matter rest. Obama administration regulators thought a fine sufficient, but he thinks it’s criminal. What are we talking about? The shotgun wedding between Merrill Lynch and B of A , orchestrated by the Treasury Department, that Bof A may not have disclosed all the bonuses agreed to be paid… yes I know I hate bonuses too-but this is 2nd guessing after the fire. Or it is suing the good Samaritan who stops at the accident because you don’t think he did enough. Merrill Lynch would have been dead if B of A doesn’t do the deal- dead like Lehman within 48 hours. At the request of the Treasury, they did the deal. Maybe they didn’t disclose everything, maybe in the rush of the weekend, they didn’t have time. To hold them criminally liable?
Related Posts
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Charlotte-Mecklenburg Schools Update
February 11th, 2010 categories: Charlotte Schools and Education
Charlotte-Mecklenburg Announces Teacher Auditions In Place of Traditional Interviews
Years ago my wife and I were considering an extremely successful private school for our children. In an interview with the Head of School, I asked the founder what made his school so successful? What was the “difference-maker”? His response more than a decade a go still provides a roadmap for success:
“That’s easy: Great Teachers! If I put a great teacher in front of your children, they’ll get a great education. Now what we do in here (waving his hands around the office) is important, but I hire the very best teachers I can find, help get them some in service work that might make them even better, and then try and stay out of their way and let them do their job.”
How refreshingly simple, and difficult to achieve.
Great Teachers = Great Teaching = Student Success
Last year CMS Superintendent Peter Gorman announced he wanted pay for performance compensation for his teachers. This was met with the usual wailing and knashing of teeth. Yet he has invited teachers to participate and work through the difficult issues- and there are many- to come up with a formula that pays teachers based on student achievement, performance, or a pay for performance hybrid. It won’t be easy. Many have tried and found a lot of ways that don’t work. It will be difficult and contentious. Never the less, if Great Teaching = Student Success, and our students are NOT nearly successful enough, then there isn’t nearly enough great teaching- Is it me? Or isn’t this logic inescapable?
Current teacher compensation does not reward excellence. It demotivates the excellent, as they see colleagues with more years of experience receive much more pay- yet all the students are begging to get into the great teacher’s class, and this is where students excel.
A pay for performance plan would reward the excellent teachers, encourage the good teachers to want to become great teachers, the average teacher to want to become a good teacher- and the ones not interested in becoming good teachers need to be helped out the door into a new career better suited for their skills and talents.
So, CMS is proposing pay for performance, Teacher Auditions, Special pay for excellent teachers to move to tougher schools… I think CMS gets it too!
In full disclosure for the record, our children attended quality private and public schools. Lets get on with it- your child, my grandchildren, everyone’s child deserves to have a good teacher in every grade and every class, and deserves great teachers working to become even better too!
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Saints!
February 7th, 2010 categories: Buy A Charlotte Home
What A Game… Talk aobut Coaching Courage. NFL Football the way it is supposed to be played!
Go Saints! Love that Sean Payton- Drew Brees and Jamar Nesbit!
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