RALEIGH, NC-Edwards Cinemas and Jillian's Entertainment pull out from MarqE, a highly publicized, $50-million development still in the recruitment stage. Raleigh is 150 miles northeast of Downtown Charlotte.
CHARLOTTE-Several plans are being tossed about by their supporters as they seek funding and a clear vision of how and where a new park can become a reality.
CHARLOTTE-H Power Corp. of Monroe, NC, 30 miles southeast of Downtown Charlotte, is budgeting $5 million for an 80,000-sf facility to make power supplies. Meridian Automotive Systems of Salisbury, NC, 50 miles northeast of Charlotte, is building a 250,000-sf complex to produce heavy truck parts.
SALISBURY, NC-Entergy Power Generating Corp. is scheduling a ground-breaking for first quarter 2002 on a 118-acre site just west of Salisbury, NC and 50 miles northeast of Charlotte.
CHARLOTTE-Shield Property Co. plans a summer ground-breaking on the Terraces at Ballantyne, a spec four-building venture scheduled to be built at an estimated hard construction cost of $30 million on Ballantyne Commons Parkway.
CORNELIUS, NC-Lake Properties, the developer, says the project is in response to business owners desiring to live and work in the same building, a concept that has become popular in pedestrian-oriented communities throughout Mecklenburg County.
CHARLOTTE- Overall vacancies at the end of the fourth quarter were nearly 8%, but the numbers change when factoring in space available for sublease and in buildings still under construction, reports CB Richard Ellis Inc.
GASTONIA, NC-When the city of Gastonia, 20 miles west of Charlotte, formed a Downtown redevelopment commission in the late 1960s, it didn't realize the problems facing that part of town would still exist today.
CHARLOTTE-A new position--head of real estate securitization--is part of the restructuring effort aimed at intensifying the company's focus on high-growth businesses and improving its risk profile.