[Vanguard Charlotte Corporate Center - University Research Park]

This stinks…
 

https://www.charlotteobserver.com/news/business/article264664104.html

 

 

[BankTown Banking & Finance News]

Hopefully, they’ll lease some office space in Clt too.

 

TD Bank opens new branch in Charlotte region — 10 years after it closed

Read more at: https://www.charlotteobserver.com/news/business/banking/article264525281.html#storylink=cpy

 

 

[Economic Development - Expansions and Relocations]

3 hours ago, CLT2014 said:

Charlotte is a massive connecting hub for domestic flights, with some international service largely focused on connecting leisure travelers going to the Caribbean or tourist destinations in Europe like Rome and Dublin. Domestic leisure is a profitable group of customers when you connect them through the cheapest hub you have and maximize the profit for selling 180 $400 fares on a Airbus A321. You don't want to connect those customers through airports with high costs or the profit margin on a $400 fare quickly gets eaten away because connecting customers rarely pay a "premium" and just search for the lowest cost ticket with schedule that works for them.

If American ever offers a small fleet of 20 supersonic jets, it will be focused on point to point service for a few niche routes with very affluent residents between major cities where people can pay $8,000 for a seat like NYC - London, LAX - Tokyo, Miami - London, et... If people can afford an $8,000 supersonic seat... they don't want to be connecting with the cruise ship crowd going from Buffalo to Tampa via Charlotte.

 But since all rich people are leaving NY, SF, and LA and moving to Charlotte, maybe that demand will exist in the future.

[Economic Development - Expansions and Relocations]

2 minutes ago, AirNostrumMAD said:

Isn't there some air park in eastern NC the state pumped a lot of money in to with hopes to lure an aircraft manufacturer? 

As for service, I don't think Charlotte will see the supersonic jet with scheduled flights. It'll probably be between major markets focusing on local premium traffic. If the jet ever actually becomes reality.

Charlotte has become a major market.  Isn’t it among the ten busiest in the US?

[Economic Development - Expansions and Relocations]

I wonder where in the state this plant will be.  Greensboro seems to be the aviation manufacturing hub, but Concord might be possible too.  Also, “Concord” would be an appropriate place to build supersonic jets.

“…. Boom will build the jet at a new manufacturing plant in North Carolina and expects to roll out the first model in 2025, with the first flight in 2026.”

https://www.maxim.com/travel/this-new-supersonic-jet-can-fly-from-nyc-to-london-in-just-3-5-hours/amp/

 

Also, I wonder if any of these will fly from Charlotte.

[BankTown Banking & Finance News]

4 hours ago, Blue_Devil said:

Wells is not on Goldmans radar.

They were, but there were anti-trust concerns.  I could see the interest rekindled.  It was widely reported in the NYT, WSJ, and FT.

[BankTown Banking & Finance News]

Mortgage origination has caused Wells a lot of money due to alleged abuses.  I suspect that they want to get into more lucrative work.  Their investment banking is relatively minuscule.  Not to mention, Wells has been the subject of takeovers for a long time and is  on Goldman’s radar.

[Charlotte Photo of the Day]

Genevieve Williams Real Estate 

 

[SouthPark neighborhood Projects]

I took this last week.  This project is really nice.

 

[Triangle photo of the day]

Durham on 8/8

The YMCA project hasn’t started yet.

 

 

Neither has the condo on the site of this deck across from the Carolina Theater.

 

 

Durham has some nice old buildings.

 

 

[First Ward Urban Village / North Tryon Vision Plan]

You’ve got to love Clt!

The city keeps building and building, or should I say that like the Panthers, it “keeps pounding”!

[BankTown Banking & Finance News]

I also found this.  I don’t know If it’s about the same institution or a different one.  I suspect the latter.

 

 

[BankTown Banking & Finance News]

[Charlotte Photo of the Day]

Jason Wilkes

[Charlotte Photo of the Day]

Since I now come in from 77 traveling Southbound, I like to exit at Trade Street and see the trolleys going by, drive by the federal courthouse, and gradually approach BoA.

[Economic Development - Expansions and Relocations]

Deleted political issue…

[Economic Development - Expansions and Relocations]

11 minutes ago, norm21499 said:

Has there been any impact to Texas economic growth? I haven't heard about any companies in Texas making a stand in the national news. 

When NC and Ga passed their questionable laws a few years ago, many companies took a disingenuous stand and “punished” the states.  Texas, by contrast, is going absolutely over the top on every issue, and yet, companies are relocating there in droves.  Clearly, the bottom line rules.

[Economic Development - Expansions and Relocations]

This might provide some impetus for Lily to expand in NC.

[JLL Marketed Duke Properties (2 now and eventually 3)]

I don’t think that it’s a cardinal sin to mention other cities in a thread.  Charlotte has grown into a substantial city, such that there’s no reason for anxiety when comparing it to other cities.   All cities from the biggest to the smallest can learn from each other.

Also,  your points about DC are very insightful.

[JLL Marketed Duke Properties (2 now and eventually 3)]

On 6/30/2022 at 7:44 PM, AirNostrumMAD said:

DC Metropolitan area (and the city) is booming insanely. It even has been beating out Seattle in the crane counts (pre and post pandemic), among the top in adding office despite its small city limit size and the metropolitan area is adding among the most people and office space over the decade. Heck, DC added more people than Atlanta between 2010-2020 despite Atlanta having double the city limits. But the South definitely is proving to be a great place for development as the cities grow more urban. DC developers really like Raleigh too I’ve noticed. NC is such a natural place for VA businesses to expand. It’s great to have a booming neighbor. 

In any event. This building definitely needs life breathed into it. It’ll be super positive for the area. I hope they keep the lights on the side of the building I loved those as a child 

 

Also, DC has become very expensive.  NC is a much more economical market that’s not too far away.  

[Pearl District - Atrium/Wake Forest School of Medicine]

I agree.  I think that SC cities should also connect to NC cities by high speed rail.  Columbia is the same region too.

[Pearl District - Atrium/Wake Forest School of Medicine]

1 hour ago, Matthew.Brendan said:

I dunno man but have you seen what they are building in NYC these days?!

A lot of 1,300’ to 1,600’ super towers!

Charlotte and Raleigh have very different economies that compliment each other.  I don’t see it as city v. city.    Further, the stretch between Charlotte and Raleigh with Chapel Hill, Durham, Greensboro, and WS between them is pretty small geographically, and, therefore, to the extent that they each have a different specialty, it makes this geographically small region far more robust.

[BankTown Banking & Finance News]

3 minutes ago, CLT2014 said:

It is hard to fight the gravitational pull of home. Your family network, traditions, culture, food, et.... that you grew up with and are used to. I know somebody that was from Minneapolis and recently moved back... despite liking the weather here a lot. For her, the pain of missing out on moments like her nephew's first birthday, not having her mom around on mother's day and settling for a Zoom call, having to pay $900 for a last minute flight to say goodbye to her grandfather before he died, et.... just became too much. Homesickness hit hard and being able to jog outside in November was canceled out by missing all of those family moments. 

For other people, moving away is easier and they don't mind adapting to a new place and potentially being far from family and existing social networks.  

That’s true.  Also, there’s a winter/hockey culture there that people love.

[BankTown Banking & Finance News]

You’d think that they’d all want to move from Minneapolis.  It’s actually a very nice city, but its winters are long and unbearable.  They make Chicago seem like Boca Raton.

[SouthPark neighborhood Projects]

https://www.charlotteobserver.com/news/business/development/article264039341.htm

 

Apartments and retail could come to SouthPark Towers office site after $192M sale BY GORDON RAGO UPDATED AUGUST 01, 2022 5:12 PM

 

It’s now clear what two office towers in SouthPark are worth: $192.5 million. We also know more about what an out-of-state commercial real estate firm has planned for the 10-acre site the towers sit on. Crestlight Capital, which has offices in Detroit and New York, is planning to keep the office towers located at 6000 and 6100 Fairview Road. But the firm now wants to bring 300 apartments, an additional 112,000 square feet of medical office space and nearly 40,000 square feet of retail, according to a rezoning petition filed last week with the city of Charlotte.

Read more at: https://www.charlotteobserver.com/news/business/development/article264039341.html#storylink=cpy

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