jwntim
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Posts posted by jwntim
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Heres a link to the video of the body cam footage that got the officer suspended.
https://twitter.com/queencitynerve/status/1298718282082467847
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Does anyone know what the plans for the LH route to MUC are? Looks like it hasnt been running but is this temporary or what?
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That EB5 website also says the hotel tower portion of construction is targeting Q4 2020 to Q4 2022. So its possible they are still on schedule.
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42 minutes ago, ricky_davis_fan_21 said:
It’s def cool, I just don’t trust them.
Sent from my iPhone using TapatalkIts legit. They just steal old images from from other people:
https://www.instagram.com/p/BcqKok-hmHq/
That guy has some good shots of CLT in bad weather.
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Inishmore is the new Irish bar is replacing the Rogue on East blvd. Same people as Murphy's in uptown.
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10 hours ago, Nick2 said:
Unfortunately there are a few benchmarks pointing to another recession. Look up the bond yield curve and unemployment rates correlation with recessions.
https://www.nytimes.com/2018/06/25/business/what-is-yield-curve-recession-prediction.html
For more info
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Thats not the complete story. My understanding is that the city bought the land for $9.2m and sold it to pappas for $5.2m but he has to build a parking deck for light rail use when its all built out which I assume he is still on the hook for (plus the original plan also said he had to build the 80 affordable housing units). So now they are getting the parking deck and 2.3 acres instead. So they are getting something for for the $4.0m. Obviously one side of this transaction fared better but they had to give some sort of incentive to just find someone that gave them the hope of affordable housing.
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11 hours ago, HighRiseHillbilly said:I wasn't good at economics in school, but I cannot see how filling buildings at a lower price point now (then gradually raising the rent over time) is a worse option than making no money from having several units remain empty.
I'm sure it makes sense to many others, but not to me...
One month free & a toy isn't as good a deal to me as not spending that extra $200 a month by living elsewhere.
It has to do with selling the apartment complex. Most developers are not long term owners of the real estate (so they dont want to raise rent because as you say it takes time). They develop the project, lease it up and then sell it. In order to maximize value when they sell, they want to lease up each unit for the highest price so they can convince the next buyer that more people will lease units at that high price too. So if you can lease up 80% of the units at $2000 or 90% of the units at $1800 (so the total cash flow is slightly greater in the 90% scenario) the short term holders will choose 80% at the higher rent as the 20% that is vacant is still "worth" more if the next buyer believes that they can lease those units out. So effectively you have to balance the two. There are times when rental rates are increasing that buyers will pay more for a vacant unit than a leased one (at below market rates). If that seems counter intuitive then you dont have a bunch of others people's money you need to invest in order clip some fees off it
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Heard that a pediatricians office is leasing the small stand alone building behind capital towers II (the sister building to where legion is going on the other side). This space was obviously built for retail but they seem to be having a hard time filling all their retail space with retail tenants.
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4 minutes ago, ricky_davis_fan_21 said:
I heard that too and followed up with Reid's corporate people, either they were being coy, or the mid 2018 date isn't true. They are definitely opening uptown, I just don't know where they could occupy in 2018
That was my reading of the situation as well.
8 minutes ago, Jayvee said:Nothing has been announced yet
I know
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Potbellys is opening a new store in piedmont town center where TCBY used to be
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Does anyone know where Reid's new uptown location will be? They have confirmed they are opening an uptown store and I heard they are targeting an early to mid 2018 opening. Haven't heard which building they are going to though,
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10 hours ago, ScottCLT said:
Oh, trust me, if it were on the menu, I would’ve gotten it!
I was at the pasta and provisions on park road a few weeks ago and saw they have a french dip on the menu. I didnt get it but all their sandwiches are good so im sure its no different.
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22 minutes ago, Windsurfer said:
1) And, indirectly, the toll roads might accomplish some of what we're talking about, right?
2) I wish I could remember the exact amount of uptown tax we were served. It was mostly just a slap on the wrist, but still, the message was still negative. We want positive things to feel about uptown.
3) yes, the unknown, but many folks still remember the days before street parking was available. We're all afraid of something, and we all fall in ruts. Sometimes it just takes a buddy to take you to that new brewery or spot.
4) Same here. I'm just saying one of the highlights of going is actually going to a place within LA where one CAN walk around.
To your number 2 point here is a portion of tax bill from the avenue
And here is a portion from a tax bill from a house in dilworth
The special district taxes are only a few hundred bucks, but its still there and as Spartan said it funds Center City Partners. All real estate owners are charged the tax, not just residential owners.
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Building across from wooden robot on winnifred (where bulldog beer and wine is located) is for sale.
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Heard that the next piece of this puzzle that will be officially kicked off is a residential/hotel tower combination. I dont know which pad it will be on but they are trying to get financing lined up now apparently.
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28 minutes ago, Jayvee said:
The one in Orlando is 250 rooms and 10 floors. Look for it to be about that. And it's just the pocket park. Not the parking lot. .5 acres.
That didnt sound right to me so I just checked and the orlando grand bohemian is 17 floors on 0.64 acres. http://www.ocpafl.org/Searches/ParcelSearch.aspx/PID/292226593600022
Edit: Marriott says 15 floors http://www.marriott.com/hotels/fact-sheet/travel/mcoak-grand-bohemian-hotel-orlando-autograph-collection/
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1 hour ago, jednc said:
So, I interpret this as you saying they (LH) already had the plans ready from another project and then just dusted them off (perhaps with a few tweaks) to build uptown. But, I realize you could also be saying the original client these plans were created for might have renewed interest in relocating to Charlotte. Which, if either, interpretation is correct?
Ha, I was referring to your first point. I have heard the same rumors going around this board with regard to who the anchor is (the bank)
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3 hours ago, Dale said:
You can really expedite a project when you don't have to fuss over the design ...
"Jest take those little bitty Capitol Towers and give 'em a good yank!"
"Yes, boss."
People joke about this but I have heard that around 2007 LH was pitching a potential HQ relocation for a fortune 500 company to southpark. The pitch included plans for a tower that looks very similar to these plans. I dont have renderings to share but they do exist.
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2 hours ago, grodney said:
SPILL THE BEANS DAMMIT!
ObligatoryBreweryDevelopmentNews: Eleven Lakes (Cornelius) made a facebooky comment that they're "hoping for early April", thus displacing the previous estimate of "early 2017".
ObligatoryBeerReview: Anybody had Turtles on Pterodactyls this year? It's Mexicali Stout aged in bourbon barrels with extra cacao nibs and cinnamon, I believe. They also jacked up the ABV more this year. I was a teeny bit disappointed in that the bourbon was overpowered by the chocolate and cinnamon. For me. I don't know. Need more research.
https://www.urbanplanet.org/forums/topic/52026-scaleybark-station-area-projects/?page=12
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3 minutes ago, cltbwimob said:
It's not Victory/ST either though, right?
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1 hour ago, grodney said:
That brewery space looks like a great spot for an artisanal brewery
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54 minutes ago, CLT2014 said:
Just curious, are new buildings like 615 S. College really going for $50 - $60 per square foot in Charlotte? This article quotes the CEO of CoStar painting our commercial real estate market as much more expensive than Richmond (which I know has a glut of space available unlike CLT).
" “One of the beauties in the Richmond option is it’s already built out to the highest standards,” Florance said. “This building is head and shoulders above the buildings in the other cities. It’s a much better structure and site for a much lower number.” "
http://richmondbizsense.com/2016/10/26/costar-deal-its-more-of-a-tenants-market/
Absolutely not. Without knowing specifics of CoStar's deal at portman's building (which they obviously didnt sign) I would have guessed low $30s psf is what they had agreed to. The $50 to $60 range he mentioned in the article is 100% false.
615 S College is currently asking mid $30s psf.
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1 hour ago, cjd5050 said:
I am not sure you're giving enough thought to the operational considerations of breweries and possibly placing too much consideration on other theories.
Breweries, unlike bars or tasting rooms, need to be located in industrial type buildings due to the manufacturing element of their business. Brewing takes up space. Added to this, Breweries, unlike traditional manufacturing, are best located near some residential due to the need for patron traffic.
The above combination, without prejudice, boxes breweries into specific neighborhoods. These neighborhoods in Charlotte tend to be African-American. By comparison, in San Diego many breweries are located in Mira Mesa, which has a high Asian-American community. San Diego is about 10 years ahead and breweries have migrated to other parts of the city like North Park...which are mostly populated by Millennials or 'Hipsters' but this only happened after the overall economics of the beer community evolved.
I also think the beer community is both welcoming and snobby at the same time.
To many, drinking craft beer is much more than drinking at a bar. Those who don't share the same sentiment are exiled to an extent. I am talking about the person who demands a bud light or cheap draft at a craft bar. The reaction you get would be similar to going to a jazz club asking for the house band to play a cover song or going to a sushi bar and asking for fried fish dinner. But if you try to embrace the 'beer culture' and approach drinking craft beer from a perspective of enjoying something crafted by skilled artists who take pride in what they do...then the experience you will find is blind to any socioeconomic background.
In addition, the people who have enough disposable income to be able to spend $5+ on a single beer are extremely unlikely to be poor. So even if they are residents of the neighborhood where a brewery is located, poor people simply can't afford to go. You can get bud light for $0.50 a can or even craft brews for $1.50 at the grocery store.
People of color are more likely to be poor so there are less of them at breweries just like there are less people of color at any upscale place where cheaper alternatives exist.
http://www.city-data.com/poverty/poverty-Charlotte-North-Carolina.html
Good New Restaurants
in Charlotte Coffee House
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Drove by the old Peoples Market spot in Dilworth and saw a sign up for a place called Red@28th. Google says its a hookah bar anyone know anything about it? Surprised Dilworth is the market they want to target.