CHARLOTTE-Sixteen shelter projects are under construction. A dozen new restaurants and night spots have opened since last summer. Although city officials hope for a retail resurgence Downtown, the central business district's 500,000 sf won't catch the suburbs were the SouthPark project alone boasts two million sf of retail.

MOORESVILLE, NC-Locally-based Streeter & Associates plans to open the first $500,000 conversion phase in the first quarter with six tenants. The renovations in the 84,000-sf structure will take three years to complete as a home-building supply store 30 miles north of Downtown Charlotte.

CHARLOTTE-After a five-year search, Realtors Bill Rankin and Harry Porter found a one-acre parcel housing the 14,000-sf Korean Presbyterian Church building in the East Morehead district. They paid a total $975,000 which equates to $22.38 per sf for the land and $69.64 per sf for the structure.

CHARLOTTE-The city owns and controls the 3.3-acre old convention center site that has been in limbo since the new convention center opened in 1995.

CHARLOTTE-The city owns and controls the 3.3-acre old convention center site that has been in limbo since the new convention center opened in 1995.

HUNTERSVILLE, NC-This town of 2,000 residents, just north of Charlotte, bought a 32-acre mill site two years ago for $600,000 or $18,750 per acre (43 cents per sf). Now one developer is offering $1.17 million or $36,563 per acre (84 cents per sf). Another appraisal of $1.4 million comes in at $43,750 per acre or $1 per sf.

CHARLOTTE-The buyer plans to invest $900,000, on top of the $665,000 purchase price, restoring and converting the Joseph Sykes Brothers structure to offices for itself and Luminar Studios, an affiliate.

DAVIDSON, NC-Phil Gandy has invested a half million dollars in property outside of this town, 20 miles north of Charlotte, and fears the moratorium will cost him $30,000 a month on his debt load.