Blue_Devil

You’re not wrong, but if they are tearing down doing utilities and doing a concrete pad we are going to be seeing a lot of investment in the site. Have to think they are serious, even if slow, if they are putting in the investment. So progress is good.

That spot will be amazing… once the finish the damn trail.

The Crust opened over near park road shopping and this second location still seems to be in play? But I know there were also rumors of a 15 story tower here too.

Mid-town Charlotte would be my other answer. There are two that are pretty close, Northwood and that other apartment hotel combo. I imagine that kickstarts the development of more there

The apartment is 42 stories… the office was 39 last I looked with a crown…

All 4 major Banks, JPM, Wells, BOA, and Citi, are pursuing a hub strategy now. 3 of those 4 now list Charlotte as one of their 7-8 major hubs. Citi will probably join them.

Not sure this is overall good news, but fully remote work just had the final mail hammered in. Zoom is not asking all works to begin hybrid schedule work. I give it 2-3 more years before most companies are back to a 4-1. I put this in good news because it is going to be great for places like uptown Charlotte and we will likely start seeing more relocations and hub announcements here again.

I doubt JPM are going to take a suburban space. Most of the employees they are hiring are uptown and Southpark still works for them

Aren’t both towers over 500’

I put this in the Banking news thread but expect another 500 job announcement in the next 12 months related to Operations and Compliance, though they might just do it quietly. They have been poaching Carolina area leaders a bit

So the Biz Journal has a huge article on JPM this morning and Charlotte is now an official hub. I would expect another jobs announcement related to this focusing on Operations, Risk Management, and Tech in the next 12 months, in the 500 person range. “There's four lines of businesses at JPMorgan. The commercial bank serves companies generally between $20 million in annual sales up to a few billion in annual sales. So we cover every aspect of those claims. What I do is provide a lot of the functions to support those clients in terms of customer service, technology, operations, marketing, etc. — everything that kind of sits in support of our bankers and our clients. So my functions, globally, we tend to hub in certain locations. I'm not in every location that a banker is going to be, for example. We have probably six to seven hubs in the U.S. We've been growing quite a bit, particularly with technology investments and in support of our growing business and customer service and loan operations, etc. And a couple of my leaders had come from organizations that had hubs here in Charlotte, and (my leaders) suggested that we consider doing that. And since then, we've hired about 100 or so people in those functions — the operations team, the customer service team, onboarding team and the technology teams. We've got senior leaders here that represent every one of those functions. We are expanding quite a bit all over the place, but certainly, on a percentage basis, here more than anything else just given how we're growing so quickly. We took up the 24,000-square-foot space in support of hiring another couple hundred by the end of next year. We're rapidly growing this team, so it's going to become one of our core hub functions in the U.S., particularly in commercial banking”

JPM lacks a lot of the OPs Risk, Compliance, and Control personnel their peer banks do, mainly because they have not had the regulatory issues their peers have. But banking trends are cyclical and JPM has not advanced their regulatory environment compared to their peers, so they are seeing a increase in lower level MRA and MRIA which come before enforcement actions. So they are trying to build up the knowledge base

Cool thought but they won’t here. They are never going to have the employee type or office needs to do that

There is another JPM Chase rumor swirling related to Operations here as they build out their other businesses. We will see.

For what it’s worth, the Biz Journal is reporting they are going to begin demo and construction on the 420 unit high rise and the 120 unit mid-rise in the fall… honestly, with the Med school going up across the street this makes huge sense, and I bet that helped them get the financing. I think we saw a rendering of this portion of the project a few months ago

Probably just not selling.

They are!!

After the Union sale, they only had like 30 employees here anyway. The 400 the had sitting here all went over to US Bank

Patagonia in Design. I did hear the altr’d state rumor, and Nike is supposed to be coming too

Patagonia confirmed for SouthEnd design district. Nike store is next. Maybe we will get a Apple too

The Mr K’s was leased to crust pizza, but I thought the land was subsequently sold which is why they never started it

They need to di more Durham mixed use. 20-30 condos, and 200 apartments in a tower, and a office or hotel component. We need more ownership

Thank you. I mean, 17,000 with out ever highlighting the areas I said were dense and walkable kinda highlights the point. And in the areas mentioned there are probably close to 10,000 units in development? I stand by my point. I am not sure why people want to ignore or downplay how walkable our urban core is and will become. It’s like they want Manhattan overnight. We are doing great for a sunbelt and people need to recognize that

I mean, between Dilworth, SouthEnd, LoSo, Uptown, and Wilmore… that is a huge walk able chunk of city. To me Nashville doesn’t have that, Austin doesn’t have it, Atlanta has golf carts, Tampa doesn’t have it, Orlando doesn’t have it, Jacksonville is a no, Fort Lauderdale is a no. I suspect in 10 years between the gold district, pipe and foundry, west end, and the optimist area all growing rapidly, NODA and Plaza will be much better connected, and maybe with the growth on Morehead Mid town will be too. Now public transit, specifically buses, will really need to improve, but you are fooling yourself if you don’t think 100,000 people living in a very walkable 2 mile radius of the city center isn’t impressive for one of these Growing southern cities. yes there is a ton of sprawl in Charlotte, but there is also about to be a super dense core here, that is really only found in your bigger Northern and Midwest areas

They took forever to get started, and then built a suburban style store you would see in fort mill. Not happy with this