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Development forecast for Charlotte, N.C., region focuses on steady growth.
Byline: Doug Smith
Jan. 2--Veterans of the real estate industry fondly remember the surge in office and warehouse construction in Charlotte that followed the early 1990s recession.
This time around that's highly unlikely, they say.
This recovery has occurred slowly, fueled mainly by demand for shops and services in outlying areas and commercial clustering near Interstate 485 interchanges.
"We're looking at very stable and methodical growth -- but it is growth," said Paul Herndon, president of American Asset Corp. "Charlotte continues to be well positioned to capture whatever growth there is out there."
His company, which is developing Whitehall Corporate Center, at I-485 and Arrowood Road, recently announced plans to build a third mid-rise office building there on speculation without any signed tenants.
Suburban office builders are getting a boost from I-485.
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...concerns among developers or real estate analysts. "The vacancy...Dallas-based private real estate investment trust. With...state area where it has real estate interests. (c) 1999, The Charlotte Observer, N.C. Distributed by...
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...and Associates as a real estate agent. Steven Privette...and Associates as a real estate agent. Rose Slack...and Associates as a real estate agent. Companies...to Carol Smith, The Charlotte Observer, P.O. Box 30308...
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...company presentations. For Winston Hotels, a Raleigh-based real estate investment trust that focuses on high-quality properties...5164 or cglickman@charlotte.com. (c) 1999, The Charlotte Observer, N.C. Distributed by Knight Ridder/Tribune Business...
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The Charlotte Observer, N.C. Knight Ridder/Tribune Business News Mar. 6--WACHOVIA...has 41 members including mortgage bankers, investment bankers, real estate agents, home builders and others. Woodward The group meets three...