Independence Boulevard Business Closings

Businesses are closing in anticipation of Independence Boulevard's conversion to an expressway. The $172 million project that starts this summer will widen a mile and a half of Independence between North Sharon Amity and Wallace roads and add interchanges.

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Carolina Pavilion And Salisbury Marketplace Sold

Blackstone Real Estate Partners has purchased two Charlotte area shopping centers from Equity One Inc. Carolina Pavilion, a big-box center off South Boulevard at I-485, totals 875,000-sqft. It opened in 1995, and its anchor tenants include Target and Kohl's. Salisbury Marketplace is a 79,700-sqft neighborhood center on Statesville Boulevard. It is anchored by a Food Lion supermarket and a Family Dollar store. Charlotte Business Journal

Belvedere Theater Leads Greenway Business Center

Belvedere Family Dentistry opened this fall in the 1950s-era landmark, which had sat empty for nearly two decades and is now part of the Greenway Business Center. Built as a cinema for blacks, the Belvedere Theater on Rozzelles Ferry Road has been revived and given a new purpose. The Charlotte Mecklenburg Development Corp. (CMDC) started developing the Greenway Business Center four years ago, buying three old buildings and 30 acres near the intersection of Rozzelles Ferry Road and West Trade Street. The group got the land ready for development and, working with Mecklenburg County, added a greenway along the adjacent Stewart Creek. The park currently has 11 buildable sites for sale and about 5,000 square feet available for rent.

Dental practice gives new life to old Belvedere Theater:

LYNX Blue Line To Add Three-Car Trains

Charlotte Area Transit System (CATS) Receives $18 Million TIGER III grant

“This grant provides CATS the ability to move towards operating three-car trains along extended platforms on the LYNX Blue Line,” said Carolyn Flowers, CATS CEO. “The money received today will also be used to enhance the power along the line for running more light rail cars, which will assist CATS in future operational savings by being able to run longer trains.

Read More at CATS Receives $18 Million To Increase Ridership Capacity Along LYNX Blue Line

UNC Charlotte Begins PORTAL Building

The University of North Carolina at Charlotte (UNCC) has come up with the financing for a new $37 million research and development building, without the help of the state legislature. The Partnership, Outreach, and Research for Accelerated Learning (PORTAL) Building is being built at University City on the 102-acre Charlotte Research Institute (CRI) campus.