The soft real estate market is causing some developers to pull back, but others are finding opportunities.

An upscale residential community under construction around Kannapolis Lake is opening sales of home sites – $3.96 million worth – to the public for the first time.

In the 10 years since three real estate veterans founded Trinity Partners, the Charlotte office market has nearly doubled, to 43.4 million square feet from 23.6 million square feet.

Metropolitan, conceived more than eight years ago, is on its way to becoming a Next Big Thing for uptown dwellers and residents of neighborhoods that ring Interstate 277.

Charlotte clockmaker Jim VanOrsdel was visiting the UNC Chapel Hill campus in 1986 when he noticed each of its four clock faces was showing a different time.

Charlotte's University City area is worried about potential fallout from Citigroup's planned purchase of Wachovia's banking operations.

As home sales slow in Charlotte, condo developers are trying to become more innovative and market sensitive.

Grubb Properties plans to start work in the spring on a $75million development to include apartments, shops, medical offices and a parking deck on

Citigroup's purchase of the bulk of Wachovia could contribute to an increase in office vacancies in the center city and cause rental rates to decline as new and existing buildings compete for tenants.

Next Page »
Doug Smith
Doug Smith writes on business and development for The Charlotte Observer.