CHARLOTTE-An influx of new residents who want to live, work and play in the shadow of Midtown skyscrapers is fueling opportunities for new businesses and other entrepreneurial ventures. This lifestyle choice is changing the city’s after-five landscape into a livelier scene.

For example, more than a dozen new restaurants and night spots have opened since last summer and two new food stores have been added. The exploding midtown market has also prompted Allen Tate Co. to open the area’s first residential real estate office.

Some of the city’s most affordable housing, called The Garden District, is being developed in First Ward. The largest project is First Ward Place, with a variety of housing options and price ranges. A 20-story tower offering 106 units is going up in Second Ward. With prices ranging from $100,000 to $500,000, 67 units have already been sold.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.