Prodev

That's a fair point for the fact that it's one developer and they're building those 1,700 units in what'll probably end up being ~10 phases, some of which will overlap. The issue is that problems aren't generally identified until they exist at which point it's too late.

The entire block from East Blvd down to Tremont would need to be a surface parking lot and you still wouldn't have enough parking as what they do in the deck. Parking is a function of leasing and driven by tenants. Parking costs money (a lot of it too) so developers would happily build less parking if it were accepted by the market. Changes in parking demand happen at a macro level as cities urbanize. What groups like Spacecraft are doing in Optimist Park where they're planning to build hundreds of multifamily units without parking and getting praised for it from "urbanists" is actually a really bad thing for the neighborhood because the market is still car centric and it'll create huge issues that drive user demand (residents, workers, business owners) out of the area. If they had stopped at the Joinery or done similar projects throughout in-town Charlotte, I'm all for it, but concentrating 1,700 apartments within 3 blocks without providing any meaningful parking is not something that's going to result in a good outcome for the neighborhood.

I'm nearly certain that's the Charlotte ear, eye, nose and throat building on Fairview just to the east of Piedmont Town Center.

I would say it's slightly north of Clanton. The CATS light rail facility creates a natural gap in the geography, which to me is the dividing point between South End and LoSo. So, if you're on South Blvd, everything from Greystone south and if you're on Tryon, everything south of Foster. Woodlawn doesn't feel like it should be considered LoSo, but since it has no other identity, that's what all the new apartment projects are latching on to, so it definitely will be considered LoSo if it isn't already. There's a new apartment deal on Tyvola that there was just a bizjournal article about and they were calling themselves in the LoSo neighborhood, which I think is a stretch.

This is actually for the adjacent 335 apartments, where they're doing some façade repairs.

I was by this project over the weekend and was surprised how close to Central the poured columns were. I was surprised to look at the plans and see that it's a 24' setback. Maybe my hangover skewed by depth perception...

They sold the property to Centrum, who also bought the former hotel site behind that parcel. Centrum is going to do a hybrid with high-rise on South blvd side and stick (~5-story) on the Cleveland side.

Apartments (435) and Townhomes (82) by Kairoi.

Those pics remind me a LOT of suburban Texas (Dallas/Houston/Austin). This is going to be a great project though and is much needed for the area. The retail will kill it here.

small site with already low unit count, so trade-off would have been an even lower unit count for retail that doesn't get you as good of a rent/return as the residential units would.

Wasn't in the actual recording studio that was at Central and Louise where the Gibson apartments now are? Or am I mixing up locations?

There are 5 levels of parking w/ ~300 spaces, so under-parked by about 130-150 spaces to what is typically market.

Looks like University Place is finally going to get the much needed remake. https://www.bizjournals.com/triangle/news/2022/08/24/construction-starting-university-place-chapel-hill.html

This is fine to do if you're comparing the homeless population in the two cities, but otherwise you can't really just ignore the largest expense in people's monthly budget.

It's proposed as office. 64,000 SF 4-story building w/ freestanding deck behind it. There are some renderings out there in the marketing materials on loopnet and elsewhere I'm sure. MPV is the developer, so it'll probably look exactly like their office building at 2400 South Blvd since they like to recycle building plans. EDIT - here's the rendering

This parcel/building have been for sale for a while. Whiteside was marketing it initially, but now CBRE is widely marketing it as a high-density development site.

The full renderings I've seen are pretty impressive, so I wouldn't judge this too heavily. There's an activated alley between the two buildings that has retail through it and has a great feel.

I suspect this will ultimately have a similar retail tenant mix and quality to Birkdale. I was surprised Waverly or Rea Farms didn't go all in on that type of retail since there's a gap for it down south, especially given how strong the demographics are.

It's Spacecraft.

Pretty laughable today, but they bought the 11+ acres for $4.25 million in 2011 to build the apartments!

My firm has a sizable retail portfolio and most restaurants report sales monthly, so I can tell you that this is definitely true. Nearly all have well exceeded 2019 sales and the majority have had their best year ever in the trailing 12 month period. The biggest complaint we hear is that while sales are up, profits are down because of the insane cut that the delivery apps take. That's mostly the case with QSR, take out or the more casual restaurants versus the upscale ones, which are still crushing it without using the delivery apps in most cases.

Last time I checked, the house at 225 Marsh still had an active liquor license, although I rarely have seen cars there since COVID.

How? It's 3 levels of parking and 3 levels of office with the top level having a portion setback. The site is only ~0.4 ac, so the floorplates could only be ~15k SF max. They're probably 12,500 SF on the lower two levels and the top level is 10,000 SF.

Only the north building is historic/old. The other two and deck were built in '97.

Apartments...shocker.